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FWIW here is my (rough) monthly spending for a family of 3 (husband, wife, 2yo son) in NYC. My income is in that range, but I've always been a saver (and I've h
by harryh 9y ago
FWIW here is my (rough) monthly spending for a family of 3 (husband, wife, 2yo son) in NYC. My income is in that range, but I've always been a saver (and I've had more than my fair share of lucky breaks) so I do not live paycheck to paycheck.
https://gist.github.com/harryh/970743e082bc7c9857ac9149997cceeb https://gist.github.com/harryh/970743e082bc7c9857ac9149997cc...
(I'm going to delete this gist later. Maybe silly but I don't feel 100% comfortable posting this data on the internet forever).
I live a nice life and have nothing to complain about. Last year 40% of my AGI went to taxes (fed, state, local + fica). There are plenty of good reasons to think that number should be higher.
- mcbruiser3 9y agodon't forget massive taxes for anyone in that tax bracket. so yeah, 200-300 can go VERY quickly in places like NY or SF. It's not rich at all and lumping everyone under one scale across the entire country makes ZERO sense.
- harryh 9y agoI disagree that lumping everyone in the entire country into the same tax brackets makes zero sense. Living in NY or SF is a luxury good. Just because I choose to partake in a luxury good doesn't mean that I should get a break on my taxes.