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Middle Class now takes six figures to maintain

 
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jabailo



Joined: 20 Mar 2006
Posts: 1273
Location: Kent (East Hill), WA

PostPosted: Mon Mar 19, 2012 8:28 am    Post subject: Middle Class now takes six figures to maintain Reply with quote

The basics, some extras, savings: You need $150,000 a year
[quote]

Quote:
According to this year's "How America Shops" survey, it now takes an income of more than $150,000 to be able to afford the basics, some extras and to save, too.


http://www.usatoday.com/money/perfi/basics/story/2012-03-18/cnbc-150-thousand-a-year-to-live-comfortably/53548702/1?csp=obnetwork

This is why I proposed income tax be based on powers of 10.

Income from:

0 to $100,000 pay 0.1% tax
100,000 to 1M pay 1% tax
>1M pay 10% tax

Fill the rest of the services requirements with an asset tax of 2%.
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brian-hansen
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Joined: 17 Mar 2006
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PostPosted: Wed Mar 21, 2012 6:01 pm    Post subject: Reply with quote

If the numbers from the article were shown to be misleading or inaccurate, would that make you change your tax plan?
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jabailo



Joined: 20 Mar 2006
Posts: 1273
Location: Kent (East Hill), WA

PostPosted: Thu Mar 22, 2012 10:42 am    Post subject: Reply with quote

In general no.

I believe it is a fair response to an economic income system that clearly pays on an exponential scale...hence the tax system is set accordingly.
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