4 ms·
$250k is a lot of cash, but doesn't go far in Cali these days. Primarily because we are getting taxed to the max, 51%, without the tax breaks like babyboomers
by metadat 4y ago
$250k is a lot of cash, but doesn't go far in Cali these days.
Primarily because we are getting taxed to the max, 51%, without the tax breaks like babyboomers of y'ore.
Even in Texas, taxes are still pretty extreme considering how we don't get that much more from the Government compared to 20 or even 40 years ago. The average American life looks the same or worse over time, if you adjust for efficiency gains due to technological advances.