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Old 10-20-2005, 03:39 PM   #3348
taxwonk
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Join Date: Mar 2003
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A Question of Balance

Quote:
Originally posted by sebastian_dangerfield
Which Bentley should I go for? Continental GT or Arnage?

I disagree. We are middle class. The new middle class is $75k to $250k. No, I'm not kidding.

My wife and I are both professionals, live in a nice area, in a fairly nice small, affordable home. Drive used cars.

We are OK. I ain't worried about paying the mortgage. But RICH? Not. Anywhere. Near. It.

Try living in California and owning a decent home in a good area on $100k. $100k is the new $50k. Fuck, the private school I will have to send the kid to for high school is already $25k.

The people you're describing as middle class are now "poor."

Or maybe I'm nuts. Its possible. But one thing I ain't is rich.

ETA: Upper middle class is $250k - $400k. Rich starts at $600k. Doing really nice is $400k to $600k.

ETA2: Numbers and cutoffs obviously differ if you're single and based on whether you have kids.
According to the Statistics of Income Bulleting, for 2003, the last year for which data are available, taxpayer with between $100,000 and $200,000 accounted for 10% of all taxpayers. Taxpayers earning over $200K amounted to 2.8-2.95% of all taxpayers.

Like I said, you're rich.
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