https://x.com/MascMillennial/status/1879321779807633601
I think if you asked boomers and neocon pre-boomers if a 30 year man in an average sized town with a salary of 100k could afford a house he likes, a decent car, and a stay at home wife, at least 95% of them would say of course he can.
— MascMillennial (@MascMillennial) January 15, 2025
Thatβs the issue. They are stuck in 1985β¦
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10000 bucks-26804 bucks in tax (assuming you live in Cali) = $73196 a year.
Rounding up $74000/12 = $6166.66667
Rounding up again you have $6200 a month for all your spending.
Assuming you spend $2500 on rent (don't have a clue on what the rent market is like in the US) you have 3700 for everything else. Is that enough to live on in Cali dramanauts?
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Don't live in Cali. Simple as.
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I'm not sure where you got your numbers? If you're filing single, your tax burden is $28,304 leaving you with $71,696. If you're filing as married and have a child, your tax burden is $19,627 leaving you with $80,373.
Buuut, this means you're not maxing out your 401k and you're fricked in retirement. So you drop to $61k take home when filing married right there.
Your rent number is also probably off for a married couple with a child. $2,500/month probably will barely get you a one bedroom and you need two.
You can probably scrape by and rent for a family on a single income, but you will not be able to buy a house. The mortgage payment and property taxes will be more than your take home.
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Got the tax numbers from an online calculator federal + Cali state) and yeah didn't add a 401k. I said I straight up made up the rent numbers.
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Yeah probably
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He's right. I make over 200k and will never own a respectable home
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If you cant figure out how to save up money a down payment and afford a used car on 100 grand i kneel in front of your regardedness
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When $1M only buys you a run down shack, your mortgage and property taxes will be more than your take home. This is the case for calicels.
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Snapshots:
https://x.com/MascMillennial/status/1879321779807633601:
ghostarchive.org
archive.org
archive.ph (click to archive)
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