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Rising riches: 1 in 5 in US reaches affluence

• thaumasiotes 13y ago
  > Because they spend just 60 percent of their before-tax income, often setting the rest aside for retirement or investing, he says their capacity to spend more will be important to a U.S. economic recovery. As a salaried employee at less than $100K, my tax withholding in california was 35%. Spending 60% of your before-tax income doesn't seem to leave much room for any "capacity to spend more".