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To: itsPatAmerican

Middle class means when you go shopping for a new car, Ferrari, Lamborgini, and Rolls Royce showrooms are not considered.

Seriously, a self-employed family earning $250K (that’s $125K each) will pay $35K in SS/M, $50K in Fed Income Tax, $20K in State Income Tax, $12K in property tax, $13K for family health insurance, and save $50K for retirement. Leaving them with a whopping $70K for food, clothing, utilities, mortgage, car insurance, homowners insurance, and putting their kids through college.


16 posted on 06/26/2008 11:35:28 AM PDT by Kellis91789 (I used to be Dilbert. Then I was Wally. I retired before I became the Pointy Haired One.)
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To: Kellis91789

I don’t think anyone making $250k is rich by any stretch, but they are in the top 1-3% of wage earners in the US...that’s a pretty darn big middle we have :-)


17 posted on 06/26/2008 4:44:28 PM PDT by itsPatAmerican
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