The Vette Barn

The Vette Barn (https://www.thevettebarn.com/forums/index.php)
-   Off Topic (https://www.thevettebarn.com/forums/forumdisplay.php?f=38)
-   -   upper/middle/lower income level calculator (https://www.thevettebarn.com/forums/showthread.php?t=123580)

JetMechZ16 09-08-2020 10:59am

upper/middle/lower income level calculator
 
Interesting income level calculator that adjusts for your local area.

https://www.pewresearch.org/fact-tan...-middle-class/

bsmith 09-08-2020 11:22am

Upper 20% in my area.
I don't believe that. :lol:

JetMechZ16 09-08-2020 11:32am

Quote:

Originally Posted by bsmith (Post 1803789)
Upper 20% in my area.
I don't believe that. :lol:

It says upper income level along with 18% of others for my area. I kept adjusting the income level to see at what level it changed here. I dropped our income level by $60k before it dropped us down to the middle income level.

I sure don't feel upper income level.

MadInNc 09-08-2020 11:37am

I want my reported income as low as possible. :datawiz:

Helps w ACA

Mick 09-08-2020 11:43am

Quote:

Originally Posted by JetMechZ16 (Post 1803791)
It says upper income level along with 18% of others for my area. I kept adjusting the income level to see at what level it changed here. I dropped our income level by $60k before it dropped us down to the middle income level.

I sure don't feel upper income level.

It gave $46K - $136K as "Middle" for my area with two people in the household. It would be pretty tough to own a home around here on $46K of income IMO, but I pretty much agree with the top if it is just two of you. If you are trying to put a few kids to college, it's not that fat of an income though.

JetMechZ16 09-08-2020 11:47am

Quote:

Originally Posted by MadInNc (Post 1803792)
I want my reported income as low as possible. :datawiz:

Helps w ACA

My plan when I retire is to not owe anyone any money. That way I only have to pay basic monthly expenses and not draw to pay for a mortgage or anything. I also have both a traditional and a Roth 401k. When I start getting too close to the next tax bracket I'd draw from the Roth since it's already been taxed and keep myself out of the next bracket. Of course we'll have both our military retirements and both our SS checks which is going to keep us in a higher tax bracket. I'd just like to stay in the lowest one possible.

dwjz06 09-08-2020 11:50am

Quote:

Originally Posted by bsmith (Post 1803789)
Upper 20% in my area.
I don't believe that. :lol:

Upper percentage. I mean poor here.:D Not so sure either. Only took a 10K drop to put me in the middle??? Not much room for error:D This year I may be back to middle:sadangel:

JetMechZ16 09-08-2020 11:56am

Quote:

Originally Posted by Mick (Post 1803793)
It gave $46K - $136K as "Middle" for my area with two people in the household. It would be pretty tough to own a home around here on $46K of income IMO, but I pretty much agree with the top if it is just two of you. If you are trying to put a few kids to college, it's not that fat of an income though.

Our state is $33k-$99k for middle with 2 people. You can't send a kid to college at that lower level.

Anjdog2003 09-08-2020 11:59am

It said i should be out on the streets saying Homeless Veteran needs food. :island14:

Steve_R 09-08-2020 12:00pm

Huh, it appears I'm low income. :leaving:

Rodnok1 09-08-2020 12:12pm

Mine said i can afford my own van down by the river.. Whew didn't want to share.
Quote:

Originally Posted by Anjdog2003 (Post 1803801)
It said i should be out on the streets saying Homeless Veteran needs food. :island14:


Mike Mercury 09-08-2020 12:24pm

mine said

"file for bankruptcy" :leaving:

JetMechZ16 09-08-2020 12:26pm

Quote:

Originally Posted by Anjdog2003 (Post 1803801)
It said i should be out on the streets saying Homeless Veteran needs food. :island14:

You got that awesome view of the L.A. river though. :seasix:

Quote:

Originally Posted by Steve_R (Post 1803802)
Huh, it appears I'm low income. :leaving:

It don't count the money you got in the bank from malpractice lawsuits. :slap:

Anjdog2003 09-08-2020 12:36pm

Quote:

Originally Posted by JetMechZ16 (Post 1803814)
You got that awesome view of the L.A. river though. :seasix:



You're a full glass type of guy. :seasix:

JetMechZ16 09-08-2020 12:44pm

Quote:

Originally Posted by Anjdog2003 (Post 1803817)
You're a full glass type of guy. :seasix:

Well thanks Anj, You're not half the ass Struggles-Wth-Words says you are. :seasix::cert:

bsmith 09-08-2020 12:48pm

We live in a upper middle class neighborhood, and I would bet that based on household income, we're at the bottom of our circle of friends.

I often wonder if we're too conservative with our money.
I have a hard time striking a balance between saving for the future and living for today.

Anjdog2003 09-08-2020 12:51pm

Quote:

Originally Posted by JetMechZ16 (Post 1803819)
Well thanks Anj, You're not half the ass Struggles-Wth-Words says you are. :seasix::cert:




Iron Maiden > Nancy Pelosi > BLM > Struggles-Wth-Words :yesnod:

Old Ben 09-08-2020 1:00pm

Quote:

Originally Posted by JetMechZ16 (Post 1803791)
It says upper income level along with 18% of others for my area. I kept adjusting the income level to see at what level it changed here. I dropped our income level by $60k before it dropped us down to the middle income level.

I sure don't feel upper income level.

Our total income is $67,400.00 and for here in Montgomery, Alabama it shows us as middle income. :shrug:

6spdC6 09-08-2020 1:14pm

Long retired and we are on pensions, SS and profits from my portifilo, it puts us square in Middle Middle class. Not bad for a blue collar union pipefitter/welder and a wife that first started out at entry level working for the state and left as a Department manager!

Made it a point when we retired to have no mortgage and built a new paid for house at the lake.:hurray:

JetMechZ16 09-08-2020 1:35pm

Quote:

Originally Posted by 6spdC6 (Post 1803830)
Long retired and we are on pensions, SS and profits from my portifilo, it puts us square in Middle Middle class. Not bad for a blue collar union pipefitter/welder and a wife that first started out at entry level working for the state and left as a Department manager!

Made it a point when we retired to have no mortgage and built a new paid for house at the lake.:hurray:

My mortgage was paid last month. The truck will be done shortly. I've still got a few years to work. I'll be 58 this month. It feels liberating to not have that mortgage payment. I still feel like I have to keep socking away money though.


All times are GMT -5. The time now is 9:40pm.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
User Alert System provided by Advanced User Tagging (Pro) - vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.
Copyright © 2009 - 2024 The Vette Barn