On Thu, 14 May 2009 11:24:35 -0600, "SteveB"
wrote:



Making $50 an hour, times 2,000 hours a year (50 weeks @ 40 hours a week) =
$100,000. Now, take off 22% for taxes. Now take off $30,000 for mortgage.
(Got the big house with the ARM, dontcha know), now take off the TWO car
payments on the TWO NEW cars, now take off gas money, groceries, allowances,
etc, etc, etc. You reach zero before you know it.

That's a pretty irresponsible lifestyle.

Does the 22% include the deduction for mortgage interest?

"jps" wrote in message
...
On Thu, 14 May 2009 11:24:35 -0600, "SteveB"
wrote:



Making $50 an hour, times 2,000 hours a year (50 weeks @ 40 hours a week)
=
$100,000. Now, take off 22% for taxes. Now take off $30,000 for
mortgage.
(Got the big house with the ARM, dontcha know), now take off the TWO car
payments on the TWO NEW cars, now take off gas money, groceries,
allowances,
etc, etc, etc. You reach zero before you know it.

That's a pretty irresponsible lifestyle.

Does the 22% include the deduction for mortgage interest?

That is the lifestyle lots of the those in financial trouble lead. The
mortgage is why the taxes are only 22%. Unless you live in California.
Highest taxes in the land. Biggest spenders in the Legislature also.
Democrat and State Union controlled.