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$174k...how much of that is left after taxes and paying for a second residence in one of the most expensive cities, Washington DC? $174k really isn't that much
by cronix 3y ago
$174k...how much of that is left after taxes and paying for a second residence in one of the most expensive cities, Washington DC? $174k really isn't that much in 2023. They'd be lucky to clear $100k after taxes and housing and that's before including other living expenses.
> (And that’s even before considering how many members enter as millionaires.)
I wasn't including them as it seems obvious millionaire in/millionaire out, but could have been more clear.
- dragonwriter 3y ago> $174k really isn’t that much in 2023. To the extent that $174k/year individual income isn’t “that much” in 2023, neither is $1 million net worth. (They are both close to 95th percentile.)