Man says that he cant make ends meet earning $350,000 a year.

[MH]

That's very piggish but still i wonder if anyone around this fourms would object to making all this money if having the right skills.

[mookiemookie]

Originally Posted by MH

That's very piggish but still i wonder if anyone around this fourms would object to making all this money if having the right skills.

I don't begrudge him his salary. I object to his attitude. Don't confuse the two.

"Could you imagine what it's like to say I got three kids in private school, I have to think about pulling them out? How do you do that?"

He speaks as if private school is a necessity.

Scheiner said he spends about $500 a month to park one of his two Audis in a garage and at least $7,500 a year each for memberships at the Trump National Golf Club in Westchester and a gun club in upstate New York.

If he lives in the city, I can understand the parking. But gun and golf club memberships? He's kvetching about not having a dishwasher and struggling to keep his kids in the private school of his choice, but yet he still won't give up those clearly luxury expenses?

Still, he sold two motorcycles he didn't use and called his Porsche 911 Carrera 4S Cabriolet "the Volkswagen of supercars."

So we're up to three cars now. And a "supercar"? I'm supposed to feel bad for someone who doesn't see ownership of a supercar as a luxury? Piss on him. I have no sympathy for someone who can't live within their means, regardless if their means are $50,000 a year or $5 million.

[CCIP]

You know, when you take out the expense resulting from my tuition and school materials, I live on approximately the same budget yearly as one of this guy's dogs...

Sadder still, I probably have more education than any of these guys

[Stealhead]

I can honestly never really feel bad for a person that lives outside their means it dose not matter if they make over a million a year if you are living like that with no fore thought to possible money issues in the future you just failed to plan ahead.This guy was obviously trying to keep up appearances with "peers" that where earning a lot more money.

He could cut his spending down and still be able to live very well.

[Sailor Steve]

Originally Posted by Herr-Berbunch

I'm sure we can chip in to get someone to walk you for $17 if that's your beef.

I'll walk myself for $17 per hour, but only if you throw in the beef for free.

[em2nought]

"People who don't have money don't understand the stress," LMAO

[MH]

Originally Posted by CCIP

You know, when you take out the expense resulting from my tuition and school materials, I live on approximately the same budget yearly as one of this guy's dogs...

Sadder still, I probably have more education than any of these guys

"Some have more luck than brains"

[vienna]

Somebody, quick! Find Frau Kaleun's tiny violin gif!...

You hear all the time about the 1% vs the 99%; this is a prime example of why we, as a nation, are in the mess we now find ourselves. This is the attitude of the vast majority of the 1% that "makes the rules" for the other 99%. Consider this: 1% of the $350,000 he bitches about is $3,500, which would make for a decent enough monthly salary for most families or $42,000/yr (btw, this is $8,000 below the 'median' U.S. family income of $50,000/yr). His 'unlivable' $350,000/yr is 7 times the U.S. median family income; on his 'paltry' amount, 7 median families can live for 1 year or 1 median family can live for 7 years...

Also, I would be interested in knowing his full federal tax burden; what loopholes. exemptions, deferrals, etc. is he eligible for since he is in a high income bracket. Is he paying the approximately 38% of Joe Median of is he a Romney-esque 14.5%? Inquiring minds want to know...

He sounds so like my youngest brother, what a prat.

[mookiemookie]

Originally Posted by vienna

Also, I would be interested in knowing his full federal tax burden; what loopholes. exemptions, deferrals, etc. is he eligible for since he is in a high income bracket. Is he paying the approximately 38% of Joe Median of is he a Romney-esque 14.5%? Inquiring minds want to know...

If he's truly taking home $200,000 out of a $350,000 salary, he's got some horrible tax planning going on. He should fire his accountant.

[vienna]

If he's truly taking home $200,000 out of a $350,000 salary, he's got some horrible tax planning going on. He should fire his accountant.

At an effective rate of about 43%, yes. he should; however, given his overall attitude, I have doubt about his claim of a $200,000 take home. To me it smacks of the John Fogerty song, "Fortunate Son":

Some folks are born silver spoon in hand,
Lord, don't they help themselves, oh.
But when the taxman comes to the door,
Lord, the house looks like a rummage sale, yes

...

[Platapus]

"People who don't have money don't understand the stress," said Alan Dlugash, a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy. "Could you imagine what it's like to say I got three kids in private school, I have to think about pulling them out? How do you do that?"

WTF?

We have people in this country who don't know how they are going to feed their children next week and this guy has the balls to say that people who don't have money don't understand the stress?

How about moving your kids to a less trendy and expensive private school? Naturally, it can't be expected to expose your children to the riff-raff of ordinary people. That's simply not done. But I am sure you can find a less expensive but equally snobby school that you can afford.

Here is a suggestion: If you earn $350.000 keep your big mouth shut and enjoy life. You are luckier than most people in this country.

And people like this vote.

[tater]

Originally Posted by mookiemookie

If he's truly taking home $200,000 out of a $350,000 salary, he's got some horrible tax planning going on. He should fire his accountant.

The article says that's after taxes, 401k contributions, and insurance for a family of 5. He should be paying an effective income tax rate closer to 27%, right? NY income tax is just under 7% for everything over 20k. That's 34% right there. Add in a little over 2% for FICA. 36% taxes, not counting property taxes in NYC, which are no doubt non-trivial.

Insurance? 10k? (2.85%). We're at 38% or so. 401k is over 15k now, right? That's another 4%. We're at 42% just spitballing. The 43% figure is not unreasonable.

I think the idiot is living way beyond his means, mind you, but 200k is chump change in NYC. We watch that "selling ny" show, and what we've learned aside from the fact we can't stand anyone on the program (agents or customers), is that we'd not be able to find a place we'd consider decent for under maybe 2-3 million. And that would be for a huge cut in space compared to Nuevo Mexico . I think the issue (aside from this guy's stupidity) is that they count on his "bonus" income instead of him getting paid a salary that actually shows what he is worth. As a result, an unexpected cut nukes them. They are living a lifestyle based on 350k PLUS some substantial amount, maybe even a multiple of 350k. Didn't see what this guy's usual bonus was.

A guy on another forum is a cabinet maker in nyc and will likely be hurt because of this. Guy's blowing their "bonus" are a large source of his income.

[STEED]

Just a bloated fat pig.

Try living on what I get you piece of distended rectum.

[soopaman2]

And people wonder why the paycheck to paycheck living, working poor want to string up douchebags like this.

He should blame to poor for his woes like the rest of them do.

Can I guess his political affiliation?