I know people who earn that much... 1. Rent is a few hundred dollars a month 2. No car, use mass transit 3. Single 4. Work less than 40 hours a week in a jo

I know people who earn that much... 1. Rent is a few hundred dollars a month 2. No car, use mass transit 3. Single 4. Work less than 40 hours a week in a job they enjoy.... At that income level, taxes are pretty close to zero (including FICA) because of the Earned Income Tax Credit.