Commanders Post at The Warpath - View Single Post - Taxing the rich

That Guy · 06-17-2008, 11:38 AM

750k house with 150k down seems low and high as far as the money goes, especially if they wanted to be close to work.

also, if they actually had to go to a dentist/doctor they'd throw those numbers out of whack as well (besides loans), since PPOs and dental plans just don't pay for everything.

not saying your numbers are completely unreasonable, but it's not the end all, and a dual income household in DC can very easily hit 250k.

the biggest thing is the relative buying power of that 250k isn't nearly as high in DC as it would be in montana, but both households get taxed equally, since there's no CoLA for major cities (of course, it's a bit harder to make 250k/year in montana though).

06-17-2008, 11:38 AM	#10
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 43 Posts: 17,620	Re: Taxing the rich - what is the cutoff? 750k house with 150k down seems low and high as far as the money goes, especially if they wanted to be close to work. also, if they actually had to go to a dentist/doctor they'd throw those numbers out of whack as well (besides loans), since PPOs and dental plans just don't pay for everything. not saying your numbers are completely unreasonable, but it's not the end all, and a dual income household in DC can very easily hit 250k. the biggest thing is the relative buying power of that 250k isn't nearly as high in DC as it would be in montana, but both households get taxed equally, since there's no CoLA for major cities (of course, it's a bit harder to make 250k/year in montana though).