The danger of $150k-$500k income range in america

[Jason Voorhees]

What do you think @Hunter❤️? JFL at this thread though

I have no issue with you but this post is so misleading and flat out misinformation that it makes me wonder why you would even post it?

No it is the reality. $250K in the Bay Area isn't what people think it is. After federal + CA state taxes, you're left with maybe $150K and A modest home is $1.5-2M easily. Most tech workers are also in this range and none of them are rich. You are not rich. You just living in high cost sandbox. That's why the "real rich" don't work for paychecks. This is literally middle class income in many places in CA.

https://cnb.cx/3DJk9Yh

 

[Jason Voorhees]

I have no issue with you but this post is so misleading and flat out misinformation that it makes me wonder why you would even post it?

I think you could class someone with that much as rich as they can afford a mansion, their dream car, travel the world multiple times a year and pay of any debt pretty easily. Just my opinion though

This is well known fact in the finance community aswell

 

[Swarthy Knight]

I think you could class someone with that much as rich as they can afford a mansion, their dream car, travel the world multiple times a year and pay of any debt pretty easily. Just my opinion though

True, but I dont think you can really do all that by "only" making 6 figures. At least in most big metro areas

 

[Jason Voorhees]

True, but I dont think you can really do all that by "only" making 6 figures. At least in most big metro areas

To own in mansion and drive a Ferrari in CA you need to be the one giving people 6 figure salaries

 

[iblamechico]

You got similar lore to me. I've been NEETing since 2018 after dropping/flunking out of college (giga ADHDcel)

My mom keeps nagging to get ANY job, but I keep trynna tell her that all the fob Jeets are stealing the jobs now I gotta go back to college as an oldcel

So what are you doing now exactly

 

[Luquier]

No it is the reality. $250K in the Bay Area isn't what people think it is. After federal + CA state taxes, you're left with maybe $150K and A modest home is $1.5-2M easily. Most tech workers are also in this range and none of them are rich. You are not rich. You just living in high cost sandbox. That's why the "real rich" don't work for paychecks. This is literally middle class income in many places in CA.

https://cnb.cx/3DJk9Yh

Doctor in rural area though

$$$

 

[enriquecuador]

No it is the reality. $250K in the Bay Area isn't what people think it is. After federal + CA state taxes, you're left with maybe $150K and A modest home is $1.5-2M easily. Most tech workers are also in this range and none of them are rich. You are not rich. You just living in high cost sandbox. That's why the "real rich" don't work for paychecks. This is literally middle class income in many places in CA.

https://cnb.cx/3DJk9Yh

We didn’t specify it was in the Bay Area. In London many bankers will live in big houses outside the city for cheaper than actually living in the city. That’s common sense in that situation. You can still live in a huge house and buy most stuff you want easily.

 

[Swarthy Knight]

To own in mansion and drive a Ferrari in CA you need to be the one giving people 6 figure salaries

Jfl that's probably true

So what are you doing now exactly

NEETing. Not sure how that's relevant tho

 

[Jason Voorhees]

We didn’t specify it was in the Bay Area. In London many bankers will live in big houses outside the city for cheaper than actually living in the city. That’s common sense in that situation. You can still live in a huge house and buy most stuff you want easily.

That logic works in places like London
where commuting from cheap suburbs can be done but it doesn't work like that in us. The entire Bay Area from San Jose to Fremont to Pleasanton is insanely priced. because it's all part of the same tech corridor. The average home in the area I used to live in was over 3 million dollars and even in suburbs most of them have million dollar starter homes and sky high property taxes. You're not escaping the cost by moving 30 miles. People only retire near the end of the careers in tech industry and move to wine country or some southern state with their savings

 

[thereallegend]

The top 7% of income to the top 0.7% of income is what you mentioned

 

[iblamechico]

NEETing. Not sure how that's relevant tho

Nah cuz u were making fun of the other dude for making $10 an hour I just wanna know how much u make and what u do.

Turns out ur neet jfl

 

[Swarthy Knight]

Nah cuz u were making fun of the other dude for making $10 an hour I just wanna know how much u make and what u do.

Turns out ur neet jfl

Ohh lol. Well I wasn't rly trynna mock him. Was just wondering why he makes such a low amount at his age

 

[JordanFagget271]

$150K-$500K is the most dangerous income zone in America.. You're not too rich to relax, too poor to escape. Too rich for W-2 simplicity and Too poor for a family office.

This is what I call the forgotten class. At $250K a W-2 earner bleeds 35 40% in federal and state taxes if in California plus payroll taxes. Every dollar is fully exposed to everyone. No deductions. No compounding. No leverage.

Meanwhile the real rich billionaires pay less. Because they own the rules. They own assets. They borrow, defer, and depreciate while high earners trade time for taxed dollars.The fix to this with Shift from W-2 to 1099 or LLC income where possible.

Use retirement accounts for tax deferred growth. Move into real estate for depreciation and 1031 exchanges. This income zone is more or less a trap. The no man's land where no body cares about you. It's an illusion that you are wealthy but you are not.

being a chadlite is shit because chads exist gtfo i hope i get to 150k a year in my lifetime u have enough to buy any raw meat u want, u dont need to think ab money unless u are going to clubs which i highly doubt u are, can afford surgeries and vacations every single year, mirin u can even say this and not be sarcastic

 

[enriquecuador]

That logic works in places like London
where commuting from cheap suburbs can be done but it doesn't work like that in us. The entire Bay Area from San Jose to Fremont to Pleasanton is insanely priced. because it's all part of the same tech corridor. The average home in the area I used to live in was over 3 million dollars and even in suburbs most of them have million dollar starter homes and sky high property taxes. You're not escaping the cost by moving 30 miles. People only retire near the end of the careers in tech industry and move to wine country or some southern state with their savings

hmmm well it would be impossible if they didn’t retire at the end of their career. But that’s a relative niche in reality. Most people across the world that earn that much aren’t working for tech company’s or with startups on the west coast. However I’ll admit you are probably right with the housing since you lived there. Although, people who live in cities tend to buy apartments until they retire/have saved enough from working for years, right?

 

[iblamechico]

Ohh lol. Well I wasn't rly trynna mock him. Was just wondering why he makes such a low amount at his age

Well aren't u old too while making precisely ZERO dollars/ hour???

 

[Jason Voorhees]

hmmm well it would be impossible if they didn’t retire at the end of their career. But that’s a relative niche in reality. Most people across the world that earn that much aren’t working for tech company’s or with startups on the west coast. However I’ll admit you are probably right with the housing since you lived there. Although, people who live in cities tend to buy apartments until they retire/have saved enough from working for years, right?

I aware this issue is unique to the bay area but most people I've seen end up locked into 30 year mortgages just to stay near their jobs. The issue is that the entire metro area is expensive there's no real cheap suburb buffer zone. It's basically pay the premium or move hours away and lose half your day commuting. Brutal stuff.

 

[enriquecuador]

I aware this issue is unique to the bay area but most people I've seen end up locked into 30 year mortgages just to stay near their jobs. The issue is that the entire metro area is expensive there's no real cheap suburb buffer zone. It's basically pay the premium or move hours away and lose half your day commuting. Brutal stuff.

Yep. That’s why a lot of these people don’t start families until they are older than marry some young chick in a big house in Oregon or something

 

[Swarthy Knight]

Well aren't u old too while making precisely ZERO dollars/ hour???

Depends on your definition of "making" I guess. The cheques I get from the govt is more than that

 

[Chasingthedream569]

Read the last paragraph that's all you need to knkw

How bro felt after that post

 

[Hunter]

I think you could class someone with that much as rich as they can afford a mansion, their dream car, travel the world multiple times a year and pay of any debt pretty easily. Just my opinion though

It is the us so i dont really know or care tbh

What do you think @Hunter❤️? JFL at this thread though

living in suburbs is cool

 

[iblamechico]

How bro felt after that post

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Holy fuck I bet this movie will go platinum in india