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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (409651)	8/23/2008 4:42:30 PM
From: i-node	Read Replies (1) of 1586653

I can take where I live, Bryan Texas. Median household income is about $31k. Median price of a house is $129k. An income of $100k puts you way ahead of reasonable expenses. Even with several kids in the local world class university. So, should this be the yardstick for being wealthy? Well, I think your HH income figure is a bit distorted, but the point is taken. There are lots of places, like where I live, in which 150K is a good income. But in probably half the country (by population) it is unimpressive. Particularly, after taxes. But do you REALLY think 150K is "rich"? A married couple of nurses can easily make this. Add a one-year specialty program (e.g., radiology, oncology, anesthesiology, etc.) and each can be making this within a few years. These are middle class earnings. So, should this be the yardstick for being wealthy? I don't think a person making 150K is wealthy in the United States. Sorry, it just isn't. I've done too many thousands of tax returns and I know what ordinary people make.

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