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Luv2bAmom
LIF Adult
Member since 2/08 1255 total posts
Name:
J
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Re: Article for those who consider 250K+ rich...
Posted by mrsej
ITA - I had posted a few weeks back about my DH who had no money and worked his *** off to support his family and make something of himself and his brother who went a totally different direction. They both made choices and when people tell my DH that not everybody has choices, my DH wants to explode. While my DH's road to get to where he is was full, full of obstacles, there was still a road and it was his choice to go down that road.
I don't understand your point?
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Posted 10/27/08 11:45 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Article for those who consider 250K+ rich...
Posted by Chatham-Chick
Chances are, your expense structure would change considerably and you wouldn't necessarily be living the life of luxury like you would think.
this I would agree with.
I think ANYONE facing the possibility of bringing home a SMALLER paycheck next year when everything is so expensive right now would be very concerned.
I understand that. and I think the idea of trying to sell it to people on the "patriotism" platform is ludicrous.
people (ideally) live at their means. if you make 50k you live like you make 50k.
if you make 250k, you live like you make 250k..
so if you think that 250k is going to turn to 240k next year....well you fall 10k short.
no one wants to look at that.
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| Posted 10/27/08 11:45 AM |
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McSullivan
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Member since 5/05 1573 total posts
Name:
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Re: Article for those who consider 250K+ rich...
"they pay their fair share."
My apologies, but this phrase just makes me cringe - every time I hear it.
Please don't misunderstand when I ask this sincerely, what exactly is their "fair share"?
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| Posted 10/27/08 11:49 AM |
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mrsej
The cutest!
Member since 1/07 2495 total posts
Name:
Mommy
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Re: Article for those who consider 250K+ rich...
Posted by Luv2bAmom
Posted by mrsej
ITA - I had posted a few weeks back about my DH who had no money and worked his *** off to support his family and make something of himself and his brother who went a totally different direction. They both made choices and when people tell my DH that not everybody has choices, my DH wants to explode. While my DH's road to get to where he is was full, full of obstacles, there was still a road and it was his choice to go down that road.
I don't understand your point?
talking about choices - people in america, unlike many other countries around the world, can shape their own destiny. I was just commenting on s/o saying that people don't have choices.
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| Posted 10/27/08 12:00 PM |
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JenBenMen
party of five
Member since 9/06 11343 total posts
Name:
Jen
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Re: Article for those who consider 250K+ rich...
Posted by Chatham-Chick
Posted by greeneyes361708
Honestly, I think this is all ridiculous. How on earth can you complain about making 250,000 a year? One couple in the article feel stretched at 500k? *** IS WRONG WITH THEM?!?!?
If I made that much money you would hear no complaints from me, even if they wanted 200k a year in taxes.
I think your view might possibly change if you were making 250K or more a year. Chances are, your expense structure would change considerably and you wouldn't necessarily be living the life of luxury like you would think.
i agree. Mo Money Mo Problems
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| Posted 10/27/08 12:48 PM |
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twiceasnice
LIF Adult
Member since 2/08 1126 total posts
Name:
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Re: Article for those who consider 250K+ rich...
Posted by greeneyes361708
Honestly, I think this is all ridiculous. How on earth can you complain about making 250,000 a year? One couple in the article feel stretched at 500k? *** IS WRONG WITH THEM?!?!?
If I made that much money you would hear no complaints from me, even if they wanted 200k a year in taxes.
There is nothing wrong with them.
If someone was complaining about paying taxes on 50,000, someone making 25,000 would think they were insane.
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| Posted 10/27/08 1:05 PM |
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GioiaMia
Let's Go Rangers!
Member since 1/07 14818 total posts
Name:
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Re: Article for those who consider 250K+ rich...
Is it just me - I get SO uncomfortable with these threads. I feel like it isn't my place to judge what makes someone rich or comfortable or poor. Everyone lives differently and has different expenses and it just makes me feel so strange to say that a family should be able to make it on x amount and should be considered rich with xx amount.
And I will never make $250K so this is not a woe is me sentiment
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| Posted 10/27/08 1:12 PM |
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stickydust
Now a mommy of 2!!!
Member since 4/06 3164 total posts
Name:
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Re: Article for those who consider 250K+ rich...
I can't believe we are having this discussion again
There has ALWAYS been the haves and have nots - since the beginning of time and there will ALWAYS be. Not saying it is right but it is the way it is. However, it is this concept that drives people. It is the dream of becoming one of the "haves" that makes some people work harder than the otherwise would. Everyone is driven by different things, and it is oftentimes not just the money that comes along with being one of the "haves" but the power and prestige as well.
I understand what is meant by "everyone has that potential". My grandparents came here from Cuba, left a country on the brink of communism where all their possessions were taken, didn't speak any English, worked 3 jobs each and eventually started their own successful company. The took big risks and made big sacrifices.
Certain professions make more than others because they require more stringent qualifications (i.e. barriers to entry) than other professions. In addition, it is not that people necessarily "work harder" in those professions but they do have to make certain sacrifices that others do not and often those sacrifices are rewarded monetarily. Dr.s for instance work INSANE hours when they are residents, days at a time with no sleep. When they are done that are still generally on-call at all hours.
Lawyers at big firms (like I used to be) get paid EXTREMELY well. However, on average I used to work at least 16 hours a day and weekends most of the time. I was given 4 weeks vacation but discouraged from taking all of it. Our lives were not our own - I could not make plans for after work because you never knew what the evening would bring. You were constantly yelled at, ate all 3 meals at your desk. I could go on and on...
I am not saying "oh poor lawyers" - I am just saying that many people (including myself) would not put up with that lifestyle and the sacrifice we make is less money. I live with that and am fine with it but I do not begrudge them that because I KNOW what they have to do for it.
Message edited 10/27/2008 1:27:38 PM.
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| Posted 10/27/08 1:26 PM |
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DRMom
Two in Blue
Member since 5/05 20223 total posts
Name:
Melissa
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Re: Article for those who consider 250K+ rich...
Posted by Bxgell2
I can see this thread going nowhere fast...
I AM in the 250k+ bracket, and I am NOT complaining about tax reform, at all. First, I think many, MANY people lose sight that, if you are making over $250k, it's not as if you are being taxed at a higher bracked for your ENTIRE income. We have a tiered tax system in this country, so you are only taxed at the highest rate for the amout of $ OVER $250k. That makes a big difference...
Second, babyavocado makes a good point. There is no denying that the more $$ you make, the easier it is to shelter your money. I won't lie - this is what we do every tax season. In fact, last year, we saved about $10k in taxes by putting that money directly into my DH's SEP IRA account. I can guarantee, with all the shelters and deductions that we used, we ended up paying less in taxes than most middle class families.
I do recall reading an article recently about the top earners making over $250k and how, *generally* they end up paying less taxes, percent wise, than the average middle class family, through a variety of tax shelters and deductions. It's simply math - the more $$ you have, the easier it is to stuff it away in tax shelters like retirement accounts, real estate investments, etc.
If revising the current tax system means making those high income earners pay a fairer share, so that they don't end up paying LESS taxes, percentage wise, than most Amerians, it makes sense to me.
OMG ITA!!! Some of these threads make me want to Another thing: PEOPLE this is over 250k in profit. If you own a business at that level and have not one write off to take you below 250K than you are doing something wrong and need some better tax advisors. Especially those that own their own businesses-supplies, health insurance, rent, office equipment, bills-these are all write offs!
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| Posted 10/27/08 1:31 PM |
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Diane
Hope is Contagious....catch it
Member since 5/05 30683 total posts
Name:
D
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Re: Article for those who consider 250K+ rich...
Message edited 10/27/2008 1:43:55 PM.
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| Posted 10/27/08 1:43 PM |
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itsbabytime
LIF Adult
Member since 11/05 9644 total posts
Name:
Me
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Re: Article for those who consider 250K+ rich...
I don't have time to read this whole thread now (hopefully i will when ds naps!) but, Mr. Kwon should hire whoever it was that posted on the last thread like this that those at this income level only pay 15% in taxes...and all those that commended her for posting the facts 
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| Posted 10/27/08 1:45 PM |
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wannabemom
look who's freshly baked!
Member since 12/07 7364 total posts
Name:
aka marriedinportjeff
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Re: Article for those who consider 250K+ rich...
Posted by shamrock124
Posted by SweetTooth
I also hate how people who are making money in that income range keep saying how they worked hard to get there... its like they are saying others who make WAY less did not work hard, do not have student loans, etc.
I'll start by saying this, I'm not at the level in the article.
However, a lot of people don't know the amount of work that goes into getting to the level to earn that kind of money. A financial advisor at Morgan Stanley earning 375k has worked harder then most of us have. To get to that level, he had to have worked 6-7 days a week, with many of them 12-13 hour days for years. So, in some ways, they have worked hard then some.
seriously, I've posted this one time before, but I'll do it again...
there are always some that have worked harder than others... but that is independent of income... sorry to burst the pity party bubble of those who are well-off. DH and I are both medical researchers, we will NEVER earn 250k+ as a combined income, and I have a PhD and have worked super-long hours for a decade, and DH has been working for 5+ years. we're talking VERY competitive jobs, high pressure 6-7 days a week and frequently 10 hour days.
Our professions are hardly the only ones that have such demands (long hours, a lot of effort and education) without generous compensation. we do it for the love of our profession, and the noble idea that we might improve someones health with our research.
On the flip side, those who ARE making 250k+ might have also made sacrifices, but they ARE BEING COMPENSATED FOR THEM WITH A GOOD SALARY. quit the moaning. I have no portfolio, I have a frighteningly small retirement savings, and refuse to feel empathy for those who are blessed with being able to afford a home on LI while putting $ away for a college fund and a retirement account.
Oh, I should also add that at one point, when I was only making 40k a year, my employer was reporting me as an 'independent contractor', so I was in a 40% tax bracket. no one cried for me.
I really think some people have it so good that they don't count their blessings... to those bemoaning a higher tax bracket, stop asking for a pity party from those who have to make due with much less. and stop insinuating that you have a better work ethic than us
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| Posted 10/27/08 1:50 PM |
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usuk2004
I'm ONE!
Member since 5/05 5150 total posts
Name:
Farah
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Re: Article for those who consider 250K+ rich...
Posted by Chatham-Chick
Posted by greeneyes361708
Honestly, I think this is all ridiculous. How on earth can you complain about making 250,000 a year? One couple in the article feel stretched at 500k? *** IS WRONG WITH THEM?!?!?
If I made that much money you would hear no complaints from me, even if they wanted 200k a year in taxes.
I think your view might possibly change if you were making 250K or more a year. Chances are, your expense structure would change considerably and you wouldn't necessarily be living the life of luxury like you would think.
The thing that struck me about the article though is that several of them said that they sacrificed luxuries to get where they are and went to great pains to make it clear that they don't live extravagantly. But to me being able to put away $4k a month into a retirement account *IS* a luxury.
Also as someone mentioned a bit earlier - this whole debate is not whether people earning higher incomes should be taxed more - they already are. It's about what constitutes a "higher income". I'm not sure how I feel about it all really. It doesn't seem fair to me that just because someone earns more, they're taxed at a proportionately higher rate for that part of their income that goes above the bracket. BUT if HENRY's believe that they shouldn't be penalized for earning over 250K, surely then they should believe that someone making $3m shouldn't be penalized either. If the argument is that they worked very hard to make their cash, who's to say that someone who's earning 3m didn't work even harder?
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| Posted 10/27/08 1:53 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Article for those who consider 250K+ rich...
taxes taxes mo maxes
banana fanna fo faxes
Federal Tax Brackets
Your tax bracket is the rate you pay on the "last dollar" you earn; but as a percentage of your income, your tax rate is generally less than that...
To take an example, suppose your taxable income (after deductions and exemptions) was exactly $100,000 in 2003 and your status was Married filing separately; then your tax would be calculated like this:
( $ 7,000 - 0 ) x .10 : $ 700
( 28,400 - 7,000 ) x .15 : 3,210
( 57,325 - 28,400 ) x .25 : 7,231
( 87,350 - 57,325 ) x .28 : 8,407
( 100,000 - 87,350 ) x .33 : 4,175
Total: $ 23,723
This puts you in the 33% tax bracket; but as a percentage of your income, your tax is about 23.7%.
Message edited 10/27/2008 1:54:25 PM.
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| Posted 10/27/08 1:53 PM |
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MarisaK
HELLO Manolo !!
Member since 5/06 14562 total posts
Name:
Marisa
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Re: Article for those who consider 250K+ rich...
Posted by neenie
Posted by anonttcer
So where is the logic?
I really don't think there is any logic to the pay scale in this country. I could give examples of some jobs that get paid very well and do less than other jobs that get paid a fraction of that and do so much more, but i'm sure that would do more harm than good, given the audience on these boards lately 
There are also certain jobs, IMO, that could never be paid enough for what they do (such a cops!  )
See, I think many people have a misconception of what those who make that kind of money actuall DO - their daily routines, what their experience/education/knowledge brings to the table - what it brings to the organization, etc. -
My DH doesn't get paid what he does b/c he's good on the golf course !! -
And the teachers I know work JUST as hard as I do, for the same paycheck I do - but they have the entire summer off - plus holidays, plus school breaks.
I have many friends who are cops and firemen and joke w/ DH that they're able to go out drinking on Sat night when they have 6 AM shift on Sunday b/c they're just going to sleep in the squad car for 5 hours anyway .......and they DO this.
Now I'm not saying that cops and firemen and teachers don't work their a$$es off and earn every single penny they make - HOWEVER, why is it that THESE people should make more money than DH or myself who work 60 + hour weeks, have advanced graduate degrees and bring just as much to OUR jobs as the 'civil servants' - ?? B/c my job isn't perceived to be difficult or stressful ?? - Sit at my desk for an hour, go to ONE meeting of my DH's daily grind and then tell me we don't 'deserve' what we make -
(I'm not saying anyone said this - I'm just making a point about those working in the 'finance industry')
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| Posted 10/27/08 2:15 PM |
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metagefken
LIF Adolescent
Member since 5/08 679 total posts
Name:
J
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Re: Article for those who consider 250K+ rich...
Posted by shamrock124
Posted by metagefken
Posted by kerrycec03
Posted by shamrock124
Most of us on this board have the ability to make over 250K a year if we wanted to put in the time, effort, energy and make the sacrifices to do so.
i guess you never worked for the federal government. my dh is one of the hardest working people you could ever meet. he has worked for the government for over 30 years. 10-12 hours a day when only required to work 8. he has shown up for work during blizzards and hurricanes. he has gone into work hurt. he has over a year's worth of sick days accumulated because he NEVER takes a day off. he is stuck at a level that only will give him cost of living increases. he hasnt seen a true "raise" in years. he has always worked extra jobs, sometimes 2, 3 or 4 extra. he never has nor will he ever make anywhere near 250K. he has sacrificed plenty over time. he has worked very hard for very long. your statement is insulting.
I never said that the only people that work hard are the only ones that have a high annual salary to prove it.
I did say that most of us could CHOOSE a different career path that, with hard work and sacrifice, would put us on the path to making 250k plus. That does not mean that all others don't work hard. The ideas are not dependent on each other.
i find it interesting that always after you make your initial post you need to clarify it. show me where you said anything about choosing different career paths. maybe you should say what you mean the first time around and avoid any misunderstanding in the future.
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| Posted 10/27/08 2:37 PM |
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snowflake08
Love my boys!!!
Member since 8/07 5148 total posts
Name:
Laura
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Re: Article for those who consider 250K+ rich...
Posted by Tilde
Is it just me - I get SO uncomfortable with these threads. I feel like it isn't my place to judge what makes someone rich or comfortable or poor. Everyone lives differently and has different expenses and it just makes me feel so strange to say that a family should be able to make it on x amount and should be considered rich with xx amount.
And I will never make $250K so this is not a woe is me sentiment
totally a gree matilde
that is why i said its all relative
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| Posted 10/27/08 2:39 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: Article for those who consider 250K+ rich...
It is this line that bothers me:
"They're all about the kids: saving for private colleges, paying for day care - practically a must, because Mom and Dad are both working - and providing dance, tennis, or gymnastics lessons. These might be seen as luxury items by middle-class workers, but they're absolute necessities to the HENRYs."
How can you consider these things necessities (excluding day care)??
Message edited 10/27/2008 2:44:57 PM.
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| Posted 10/27/08 2:44 PM |
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sticklee
LIF Adult
Member since 8/06 2984 total posts
Name:
Stick
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Re: Article for those who consider 250K+ rich...
Posted by wannabemom
to those bemoaning a higher tax bracket, stop asking for a pity party from those who have to make due with much less. and stop insinuating that you have a better work ethic than us
Not one person insinuated a better work ethic for those in the higher tax bracket!
Just because someone says that the reason they make over $250K is because they worked hard does NOT mean that they are implying those who make less don't work as hard.
I believe the poster who made the "work hard" statement was defending those making over $250K who are often considered to be lazy trust fund babies, when in reality many of them have worked very hard (whether it's education, long hours, etc.) to earn that salary
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| Posted 10/27/08 2:46 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Article for those who consider 250K+ rich...
Posted by sticklee
Posted by wannabemom
to those bemoaning a higher tax bracket, stop asking for a pity party from those who have to make due with much less. and stop insinuating that you have a better work ethic than us
Not one person insinuated a better work ethic for those in the higher tax bracket!
Just because someone says that the reason they make over $250K is because they worked hard does NOT mean that they are implying those who make less don't work as hard.
I believe the poster who made the "work hard" statement was defending those making over $250K who are often considered to be lazy trust fund babies, when in reality many of them have worked very hard (whether it's education, long hours, etc.) to earn that salary
when I think trust fund babies...I think MILLIONAIRES..
250k may be ok for a year...but not a life time
and "insinuations" are up for interpretation so that is bound to happen when you only say one side of what you think.
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| Posted 10/27/08 2:48 PM |
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Luv2bAmom
LIF Adult
Member since 2/08 1255 total posts
Name:
J
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Re: Article for those who consider 250K+ rich...
Posted by Ophelia
Posted by sticklee
Posted by wannabemom
to those bemoaning a higher tax bracket, stop asking for a pity party from those who have to make due with much less. and stop insinuating that you have a better work ethic than us
Not one person insinuated a better work ethic for those in the higher tax bracket!
Just because someone says that the reason they make over $250K is because they worked hard does NOT mean that they are implying those who make less don't work as hard.
I believe the poster who made the "work hard" statement was defending those making over $250K who are often considered to be lazy trust fund babies, when in reality many of them have worked very hard (whether it's education, long hours, etc.) to earn that salary
when I think trust fund babies...I think MILLIONAIRES..
250k may be ok for a year...but not a life time
and "insinuations" are up for interpretation so that is bound to happen when you only say one side of what you think.
I agree I don't think ANYONE is saying a person making $250K a yar is a trust fund baby, not by along shot
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| Posted 10/27/08 2:59 PM |
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HoneyBadger
YourWorstNightmare.
Member since 10/06 15979 total posts
Name:
BahBahBlackJeep
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Re: Article for those who consider 250K+ rich...
Posted by Ophelia
Posted by sticklee
Posted by wannabemom
to those bemoaning a higher tax bracket, stop asking for a pity party from those who have to make due with much less. and stop insinuating that you have a better work ethic than us
Not one person insinuated a better work ethic for those in the higher tax bracket!
Just because someone says that the reason they make over $250K is because they worked hard does NOT mean that they are implying those who make less don't work as hard.
I believe the poster who made the "work hard" statement was defending those making over $250K who are often considered to be lazy trust fund babies, when in reality many of them have worked very hard (whether it's education, long hours, etc.) to earn that salary
when I think trust fund babies...I think MILLIONAIRES..
250k may be ok for a year...but not a life time
and "insinuations" are up for interpretation so that is bound to happen when you only say one side of what you think.
I agree, there is a huge difference between a trust fund kid and someone who has a job that earns them 250K/yr.
Also, I think when the association is made that if you do make a salary like $250K you worked hard to get there and make that it automatically implies that if you're not making that much a year then you didn't work hard.
It's a touchy way of putting things. Understand that everyone feels they work hard it's a matter of what you feel "working hard" is.
Someone who's a teacher could easily complain that they'll never see a salary of $250K yet they worked terribly hard in school to get their masters and in many cases their PhD yet those in the business field w/o those advanced degrees could conceivably make more.
Who's to say who should make what or who's working hard and who isn't? KWIM?
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| Posted 10/27/08 3:06 PM |
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Candy Girl
Candy girl- you are so sweet!
Member since 11/07 6349 total posts
Name:
erin
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Re: Article for those who consider 250K+ rich...
Posted by MarisaK
See, I think many people have a misconception of what those who make that kind of money actuall DO - their daily routines, what their experience/education/knowledge brings to the table - what it brings to the organization, etc. -
My DH doesn't get paid what he does b/c he's good on the golf course !! -
And the teachers I know work JUST as hard as I do, for the same paycheck I do - but they have the entire summer off - plus holidays, plus school breaks.
I have many friends who are cops and firemen and joke w/ DH that they're able to go out drinking on Sat night when they have 6 AM shift on Sunday b/c they're just going to sleep in the squad car for 5 hours anyway .......and they DO this.
Now I'm not saying that cops and firemen and teachers don't work their a$$es off and earn every single penny they make - HOWEVER, why is it that THESE people should make more money than DH or myself who work 60 + hour weeks, have advanced graduate degrees and bring just as much to OUR jobs as the 'civil servants' - ?? B/c my job isn't perceived to be difficult or stressful ?? - Sit at my desk for an hour, go to ONE meeting of my DH's daily grind and then tell me we don't 'deserve' what we make -
(I'm not saying anyone said this - I'm just making a point about those working in the 'finance industry')
I don't understand this post. Did anyone say that people who work in finance were overpaid or that "civil servants" should make equal money as those in the private sector? I am not being snippy, I just don't recall that being said.
I am a NYC teacher. I get paid for 10 months work spread over 12 months. It is a misconception that teachers get paid for their summer "off." I know in many other districts in NJ, LI, Westchester etc. teachers do not get paychecks for the summer.
Teachers also must earn advanced degrees to maintain their employment and must seek even further education to ensure pay raises.
I knew that as a teacher I would have a lot vacation time and great hours. I personally do not think that I could work behind a desk for 60+ hours a week, and if I did, I do think I should be earning more than what I do now. Sure, I bring work home and stress about being live on stage everyday, but like I said, it is my choice, and I enjoy the perks of teaching. As a NYC public school teacher, I think I am paid fairly. It is very stressful work, but one does not become a teacher thinking it will be easy work for a large salary. Plus, after I looked into COBRA and saw how much my city benefits are actually worth in cash, I  .
As far as the statements that the cops/firemen made to your DH, I don't think (or at least I hope) that is not the norm.
Edited to change: "do not get paid" to "do not get paychecks"
Message edited 10/27/2008 3:13:34 PM.
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| Posted 10/27/08 3:07 PM |
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LulaBell
:)
Member since 1/06 3508 total posts
Name:
J
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Re: Article for those who consider 250K+ rich...
Posted by MarisaK
Posted by neenie
Posted by anonttcer
So where is the logic?
I really don't think there is any logic to the pay scale in this country. I could give examples of some jobs that get paid very well and do less than other jobs that get paid a fraction of that and do so much more, but i'm sure that would do more harm than good, given the audience on these boards lately
There are also certain jobs, IMO, that could never be paid enough for what they do (such a cops! )
See, I think many people have a misconception of what those who make that kind of money actuall DO - their daily routines, what their experience/education/knowledge brings to the table - what it brings to the organization, etc. -
My DH doesn't get paid what he does b/c he's good on the golf course !! -
And the teachers I know work JUST as hard as I do, for the same paycheck I do - but they have the entire summer off - plus holidays, plus school breaks.
I have many friends who are cops and firemen and joke w/ DH that they're able to go out drinking on Sat night when they have 6 AM shift on Sunday b/c they're just going to sleep in the squad car for 5 hours anyway .......and they DO this.
Now I'm not saying that cops and firemen and teachers don't work their a$$es off and earn every single penny they make - HOWEVER, why is it that THESE people should make more money than DH or myself who work 60 + hour weeks, have advanced graduate degrees and bring just as much to OUR jobs as the 'civil servants' - ?? B/c my job isn't perceived to be difficult or stressful ?? - Sit at my desk for an hour, go to ONE meeting of my DH's daily grind and then tell me we don't 'deserve' what we make -
(I'm not saying anyone said this - I'm just making a point about those working in the 'finance industry')
And I would argue that it's a common misconception of what people who don't make 250K DON'T do!
Maybe you hit a bit to close to home because I am a teacher, but while I do enjoy the benefits of summers and vacations off, I work through those times. My job is not seven hours a day in school and then off to sit on a couch and relax. There are countless hours of planning, meetings, grading and professional development that go unnoticed. And I'm fine with that, because that's what I signed on for.
I have friends who are lawyers, doctors, business people who see what my husband (who is also a teacher) and I do and comment on how hard we work compared to their own high profile, higher paying jobs.
I have advanced degrees from excellent universities and all of the student loans to show for them. I'm not crying poverty or complaining about my job, I chose it, I love it.
I just find it unwise to make these comparisons - you get into a p*ssing match and no one wins.
Oh, and because my DH and I work so hard (and work more than one job to have the kind of life we want) we will be in the over 250K bracket sooner rather than later. And I'll be fine with paying more in taxes.
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| Posted 10/27/08 3:11 PM |
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MrsR
My love.
Member since 5/05 6247 total posts
Name:
Jennifer
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Re: Article for those who consider 250K+ rich...
Ok I'll admit I didnt read this whole thread...so maybe my statement is coming out of left field - I'll give it a shot anyway.
I don't really understand what is going on here.
The idea of the american dream is to make $$, have a good life, save for college and retirement, send your kids to good schools, etc...
SO - when people have that...they have a portfolio, and send their kids to private school, and have extra money every month to save for retirement..they are getting flamed..."no sympathy from me...stop your moaning" etc....
When really isn't that what we are all aiming for in this life? Don't we all want the neccessities and maybe some luxeries in life? I mean isnt that our responsibility - To take care of OURSELVES. That is what these Henry's are doing!!
I have to be honest...I'm in that henry group - and if Obama is elected I am going to have to make some different choices in my life. I may have to go back to work since our taxes are going to go up. We have talked about moving - I might be in a position that I can't move because of changes in the tax laws. Do I HAVE To move...no...can I make other cut backs to stay home, maybe...but I am resentful that anyone would tell me to "Stop my moaning"...when we worked long and hard to get what we have and now that might be taken away.
I have sympathy for the have nots, I came from have-nots...I know what it is like....so I cant help but find it disrespectful when someone tells me to "stop my moaning" when more of my hard earned money is going to be taken away from me and my husbands small business, and my family.
Message edited 10/27/2008 3:31:03 PM.
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| Posted 10/27/08 3:30 PM |
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