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Investing - Theory, News & General • Is a 50% savings rate impossible with a middle-class income?

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My pre-tax rule including 401K company contribution:

1/3 taxes + 1/3 savings +1/3 expenses
This must only happen in a very narrow band with specific instances.
Please help us out to understand what these might be ......in order to have a middle class income, but have taxes that equal 33% of that income?
State and Local tax with "NYC middle class salary"
Somewhere between $450 and $475 seems the case.

Statistics: Posted by smitcat — Mon Aug 19, 2024 5:36 pm — Replies 281 — Views 21291



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