Wealthy on All Accounts
I just read a story about a couple whose AGI this year was $260K. They are concerned about having to pay more taxes under Obama's plan.
They believe they are just middle class.
What I found interesting were the following in that story:
They tithe $15,700 a year to their church. That's tax deductible.
Moreover they have 3 dependents.
According to the WSJ, their mortgage, second mortgage and payment on land they bought is nearly $4,000 a month.
Only $1200 a month. Seems to me like the rest of us, they can find ways to cut back, and also support the notion of expanded health insurance for all of us.
They believe they are just middle class.
What I found interesting were the following in that story:
They tithe $15,700 a year to their church. That's tax deductible.
Moreover they have 3 dependents.
According to the WSJ, their mortgage, second mortgage and payment on land they bought is nearly $4,000 a month.
Other expenses, including their family car payment, insurance and college funds, as well as basics like food, utilities and donations to charities, leave them with about $1,200 left over each month.
Only $1200 a month. Seems to me like the rest of us, they can find ways to cut back, and also support the notion of expanded health insurance for all of us.
Labels: benny's world, taxes
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