Down and Out on $250,000 a Year

"This is not satire. This appears to be a completely serious attempt to justify the extension of the Bush tax cuts by showing a "typical" family of 4 with no debt (other than a mortgage) struggling to get by on a quarter of a million dollars a year.!!!!!"OK, I'am gonna to puke now...excuse me please!

Amplify’d from www.thefiscaltimes.com

Down and Out on $250,000 a Year

A family of four with an annual income of $250,000 may be in the top 2.9 percent of earners. But after taxes and basic expenses, they are far from the affluent family they may seem to be.

The bottom line: It’s not exactly easy street for our $250,000-a-year family, especially when it lives in high-tax areas on either coast. Read more at www.thefiscaltimes.com

 

See this Amp at http://amplify.com/u/bko5x