UrbanBaby - DH made between $1M and $2M for the last...

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DH made between $1M and $2M for the last few years. (NON-banker, btw). We paid hundreds of thousands in taxes. Guess what? I don't care about a 5% tax increase. Its much more important to me that the money is well spent FINALLY.
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02.27.09, 08:35 AM [ Flag ]
- Because you're smart and you get the big picture....
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  02.27.09, 08:37 AM [ Flag | link to this post ]
  - and we've been fortunate enough to be able to live well , and live within our means. I do get that for someone living hand to mouth a small tax increase could be a hardship. But someone making 250K shouldn't be living paycheck to paycheck.
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    02.27.09, 08:40 AM [ Flag | link to this post ]
    - THANK YOU. Seven-figure HHI here too.
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      02.27.09, 08:43 AM [ Flag | link to this post ]
    - if they live in nyc they might be.
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      02.27.09, 08:43 AM [ Flag | link to this post ]
      - Sorry. Noone has to live in NYC. I love the city and before DH hit it big we made many sacrifices to afford a NYC lifestyle, but ultimately , if we couldn't make it on 250K we'd opt for public school, or move to the burbs. These are choices.
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        02.27.09, 08:45 AM [ Flag | link to this post ]
      - np. come now, you are being ridiculous. pa's fresh out of college with their $40K salaries are making it in nyc, certainly someone with 250k (and even a few kids) can too
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        02.27.09, 08:45 AM [ Flag | link to this post ]
        
        no kidding. when I moved to NYC in the late 80's I made 22K. I lived. There were lots of people making much more and they went to better restaurants and took vacations. That's life.
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        02.27.09, 08:47 AM [ Flag | link to this post ]
      - I'm sick of people using living in NYC as an excuse for six-figure earners to be living paycheck to paycheck. It's BS. We make $85K, are raising 2 kids in Manhattan, and we have enough in savings to last us two years if DH lost his job. Maybe if more people learned to live within their means, they wouldn't be living paycheck to paycheck.
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        02.27.09, 08:46 AM [ Flag | link to this post ]
        
        exactly. Yes it is expensive real estate, but many things are cheap (transportation). You make choices.
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        02.27.09, 08:48 AM [ Flag | link to this post ]
        
        np What's your housing situation? You're not paying market rent on 85k.
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        02.27.09, 08:50 AM [ Flag | link to this post ]
        
        Two bedroom/two bath co-op on UWS.
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        02.27.09, 08:54 AM [ Flag | link to this post ]
- I'm not sure whether it's going to be well spent, is my issue. I support the goals the administration is trying to achieve, but I'm not sure if they are going to be able to execute them.
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  02.27.09, 08:40 AM [ Flag | link to this post ]
  - they won't be able to execute them without raising taxes on the wealthiest, that's for sure.
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    02.27.09, 08:41 AM [ Flag | link to this post ]
    - But if you raise everyone's taxes, and you don't fix the economy, and you don't fix education, and you don't fix health care, what happens then?
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      02.27.09, 08:42 AM [ Flag | link to this post ]
      - you make ethnic heritage trails and dog parks and international abortion clinics
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        02.27.09, 08:43 AM [ Flag | link to this post ]
        
        Yes!
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        02.27.09, 08:45 AM [ Flag | link to this post ]
        
        and secure and reimburse banks for assets that they themselves will (under)price, and start a useless electronic system that will sooner or later make everyone's health records public.
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        02.27.09, 08:48 AM [ Flag | link to this post ]
        
        The health records thing boggles the mind. If a Rep pres put forth that idea, people would be picketing the White House the next day.
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        02.27.09, 08:53 AM [ Flag | link to this post ]
        
        I don't think so
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        02.27.09, 08:54 AM [ Flag | link to this post ]
      - that would be bad. Clearly. So why are you so sure that is the outcome. And then the alternative to trying to fix things is to do nothing? Haven't you noticed that the Bush tax cuts have accomplished NOTHIHG?
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        02.27.09, 08:43 AM [ Flag | link to this post ]
        
        It's going to set up a situation--similar to that in the UK--where those who don't pay feel completely and totally entitled. That's exactly where Obama's going with this.
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        02.27.09, 08:47 AM [ Flag | link to this post ]
        
        huh? Obama is trying to clean up Bush's mess AND invest in our future. If Clinton and Bush had actually gotten us off oil for example the world and this country would be in a much better place.
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        02.27.09, 08:49 AM [ Flag | link to this post ]
        
        you mean the muslims?
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        02.27.09, 08:49 AM [ Flag | link to this post ]
        
        No. I mean ALL the spongers there--and there are many. Even the left of left Labour govt knows admits it's a HUGE problem. They call them "work shy".
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        02.27.09, 08:52 AM [ Flag | link to this post ]
      - Maybe you take the time to make sure you have a good plan before you spend the money?
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        02.27.09, 08:45 AM [ Flag | link to this post ]
        
        hmm, a thoughtful plan? what a crazy crazy idea!
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        02.27.09, 08:49 AM [ Flag | link to this post ]
    - Yes. Those dog parks are VERY important. Wake up, people: If you live in NYC and make 250k+, you will be paying OVER 50% in city, state and federal in taxes starting in 2011. This is downright punitive.
      [ Reply | Options ]
      02.27.09, 08:44 AM [ Flag | link to this post ]
      - you wake up. 1) you already pay high taxes in NYC. This is not new news. 2) You have other options.
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        02.27.09, 08:46 AM [ Flag | link to this post ]
        
        We don't pay 50% in NYC. Yet. He's setting up a situation where those who have options will leave the country (will be no different tax-wise to live in Canada or the UK). Big deal, you say? They'll take their MONEY with them.
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        02.27.09, 08:49 AM [ Flag | link to this post ]
        
        I know...why does noone understand this... the wealthy are going to leave the city and stop paying for anything... then where will the country be? You can't expect the wealthy (which is a small percentage of people) to fix the problem.
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        02.27.09, 09:12 AM [ Flag | link to this post ]
      - OR: Or you'll be out of a job b/c the economy continues to go downhill, which is what will inevitably happen in my case if things continue as they are.
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        02.27.09, 08:46 AM [ Flag | link to this post ]
      - Then by all means, please move OUT of NYC. I'm sick of not being able to get a cab.
        [ Reply | Options ]
        02.27.09, 08:47 AM [ Flag | link to this post ]
- I make far less than your DH but still enough to be taxed, I *am* in the banking industry, and I would have no hesitation about the tax increase if I was confident it would be well spent, which I am not.
  [ Reply | Options ]
  02.27.09, 08:42 AM [ Flag | link to this post ]
  - You don't see nature trails and dog parks as spending priorities?
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    02.27.09, 08:55 AM [ Flag | link to this post ]
- It's different if you're making the money vs. living off of dh's salary. I bet he feels differently than you do. He may not share it with you, but he does.
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  02.27.09, 08:44 AM [ Flag | link to this post ]
  - lol, you must have a sad marriage.
    [ Reply | Options ]
    02.27.09, 08:50 AM [ Flag | link to this post ]

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DH made between $1M and $2M for the last few years. (NON-banker, btw). We paid hundreds of thousands in taxes. Guess what? I don't care about a 5% tax increase. Its much more important to me that the money is well spent FINALLY.

Because you're smart and you get the big picture....

and we've been fortunate enough to be able to live well , and live within our means. I do get that for someone living hand to mouth a small tax increase could be a hardship. But someone making 250K shouldn't be living paycheck to paycheck.

THANK YOU. Seven-figure HHI here too.

if they live in nyc they might be.

Sorry. Noone has to live in NYC. I love the city and before DH hit it big we made many sacrifices to afford a NYC lifestyle, but ultimately , if we couldn't make it on 250K we'd opt for public school, or move to the burbs. These are choices.

np. come now, you are being ridiculous. pa's fresh out of college with their $40K salaries are making it in nyc, certainly someone with 250k (and even a few kids) can too

no kidding. when I moved to NYC in the late 80's I made 22K. I lived. There were lots of people making much more and they went to better restaurants and took vacations. That's life.

exactly. Yes it is expensive real estate, but many things are cheap (transportation). You make choices.

np What's your housing situation? You're not paying market rent on 85k.

Two bedroom/two bath co-op on UWS.

I'm not sure whether it's going to be well spent, is my issue. I support the goals the administration is trying to achieve, but I'm not sure if they are going to be able to execute them.

they won't be able to execute them without raising taxes on the wealthiest, that's for sure.

But if you raise everyone's taxes, and you don't fix the economy, and you don't fix education, and you don't fix health care, what happens then?

you make ethnic heritage trails and dog parks and international abortion clinics

Yes!

and secure and reimburse banks for assets that they themselves will (under)price, and start a useless electronic system that will sooner or later make everyone's health records public.

The health records thing boggles the mind. If a Rep pres put forth that idea, people would be picketing the White House the next day.

I don't think so

that would be bad. Clearly. So why are you so sure that is the outcome. And then the alternative to trying to fix things is to do nothing? Haven't you noticed that the Bush tax cuts have accomplished NOTHIHG?

It's going to set up a situation--similar to that in the UK--where those who don't pay feel completely and totally entitled. That's exactly where Obama's going with this.

huh? Obama is trying to clean up Bush's mess AND invest in our future. If Clinton and Bush had actually gotten us off oil for example the world and this country would be in a much better place.

you mean the muslims?

No. I mean ALL the spongers there--and there are many. Even the left of left Labour govt knows admits it's a HUGE problem. They call them "work shy".

Maybe you take the time to make sure you have a good plan before you spend the money?

hmm, a thoughtful plan? what a crazy crazy idea!

Yes. Those dog parks are VERY important. Wake up, people: If you live in NYC and make 250k+, you will be paying OVER 50% in city, state and federal in taxes starting in 2011. This is downright punitive.

you wake up. 1) you already pay high taxes in NYC. This is not new news. 2) You have other options.

We don't pay 50% in NYC. Yet. He's setting up a situation where those who have options will leave the country (will be no different tax-wise to live in Canada or the UK). Big deal, you say? They'll take their MONEY with them.

I know...why does noone understand this... the wealthy are going to leave the city and stop paying for anything... then where will the country be? You can't expect the wealthy (which is a small percentage of people) to fix the problem.

OR: Or you'll be out of a job b/c the economy continues to go downhill, which is what will inevitably happen in my case if things continue as they are.

Then by all means, please move OUT of NYC. I'm sick of not being able to get a cab.

I make far less than your DH but still enough to be taxed, I *am* in the banking industry, and I would have no hesitation about the tax increase if I was confident it would be well spent, which I am not.

You don't see nature trails and dog parks as spending priorities?

It's different if you're making the money vs. living off of dh's salary. I bet he feels differently than you do. He may not share it with you, but he does.

lol, you must have a sad marriage.

UrbanBaby Asks...

Are you or your partner ever naked in front of your children?

Boards Help

Live Below My Means

Video: Cooking With Grandma Gigi

I make far less than your DH but still enough to be taxed, I am in the banking industry, and I would have no hesitation about the tax increase if I was confident it would be well spent, which I am not.