$161,000 is right on target

giofls | Dec 1, 2012 08:06 AM ET Another stupid, politically driven article designed to convince people that $250K is too much and we need to raise their taxes. Now CNBC is attempting to convince us it is more than anyone needs to "be happy". What a pathetic lot. Do they have no shame? That, after yesterday`s effort in the NYTimes (dutifully printed by CNBC) that we pay less taxes now than we did during the last time the economy was even worse than it is now (1980); a problem that was solved by lowering marginal tax rates resulting in 25 years of incredible prosperity. Now, if you truly want to survey people on the question of how much income it would take to make them happy, the answer would generally be 50-100% more than they make now. Given that what they earn currently defines their lifestyle, that much more would be viewed as "good living". Since the average income of CNBC followers is probably $75-100K, that appears to align to the result.

giofls | Dec 1, 2012 08:40 AM ET I already wrote a comment pointing out what a transparent piece of political propoganda (it certainly can`t be called journalism) this is. Anything to convince us that $250K per year is so much that anyone making that has to pay more taxes; this garbage attempt to convince us it is more than someone needs to "be happy". This follows on yesterday`s article in the NYT`s, dutifully copied on CNBC, that people pay a lower % of income now than during the last time the economy was worse than it is today -- 1980. Of course, lowering marginal tax rates a few years later led to one of the greatest 25 year of wealth creation in this nation`s history. Ooops, I probably wasn`t supposed to say that. Now I know why CNBC is free -- you get what you pay for. Let`s see if the monitors delete this comment as well. It appears I`m hitting too close for comfort.

drace1948 | Dec 1, 2012 12:07 PM ET @noduh, and if you are a retard (like yourself) you will say some pretty assine things.

StockTraderWinner | Dec 1, 2012 02:54 PM ET Why do Chinese lie so much? We know Europe is in recession and according to the ECRI so is USA but instead we are in denial. So how can Chinese Manufacturing be picking up. BS thatís how! Right after Chicago PMI came out weak Friday, everybody in the FREE Stock Chat Room shorted the market with TZA using intraday weakness.That was an Easy $3.500 Right now, there is some weakness showing in the markets but the indexes are still holding their support levels. I do not want to be short nor do I want to be long. 1425-1430 is going to be tough for the SP500 to punch through, without a catalyst it will fail. Stock Trader Winner

americannovice | Dec 1, 2012 04:53 PM ET This article is exactly why Romney lost. He seems to judge a person by how much money they earn rather than what they have to contribute to society. A zoo keeper`s job is just as important as Donald Trump`s job to keep the world turning. Don`t go around discounting anyone. Everyone has a purpose on this world.

garysund | Dec 1, 2012 07:16 PM ET I think the $161,000 is right on target. The two of us earn a combined income of about $130,000 before any taxes are taken out. We net about $90,000 when it is all said and done with taxes, except we really don`t net that much because we are saving 20% toward our retirement so it is really about $75,000. After mortgage payment and property taxes we are now down to about $50,000. Still sounds pretty good but for a family of five it is a struggle. If we made a extra $30,000 that would help. We are trying to save for our kids college fund out of our income too. Guess if we had no kinds we would be just fine.

one_plus_one_still_equals_two | Dec 2, 2012 08:26 AM ET @somedude4 I did write "just" $ and cents. It`s not sour grapes - I am in the "clappy-happy" bracket, if the article is to be believed. Only I cannot say that this brings great happiness - just makes life easier. Of course, I`m not American, so that perhaps is where I am missing out on something.

noduh | Dec 2, 2012 11:16 AM ET americannovice | Dec 1, 2012 04:53 PM ET This article is exactly why Romney lost. He seems to judge a person by how much money they earn rather than what they have to contribute to society. A zoo keeper`s job is just as important as Donald Trump`s job to keep the world turning. Don`t go around discounting anyone. Everyone has a purpose on this world. +++++++++++++ Obviously. But that does not give the zookeeper a license to steal money from the real estate guy. If the zookeeper wanted that much money, he should have gone into commercial real estate. Everyone makes their own choices, but they can`t expect the people who made other choices to subsidize them.

americannovice | Dec 2, 2012 03:06 PM ET Thank You, noduh. Are we talking about welfare for the poor, or welfare for the rich? Works both ways?

rk | Dec 2, 2012 03:37 PM ET Being able to do what you want with your life is a big factor in being happy. Of course having a loving family and friends means a lot too. Good health is also important. Being able to live in a beautiful environment also adds a lot to the quality of life. In California, I recently went through the exercise of figuring out what all of this would take. It seems that $4M net worth and $200K income per year would do the trick. After that point, one spends too much of one`s life trying to figure out how to manage it. Time on earth is very valuable too.

Start a Conversation - Add Comments

Your Comment: ( Please enter all fields and security code. )

Word Verification:

Latest Comments

house prices are up doesn`t mean that sales are up - SnowByrd51 | Feb 26, 2013 09:38 AM ET Hello!! Just because prices are up doesn`t mean that sales are up!! Could it be that the distressed housing market has already been bought up by investors. In en... - by Lou654

Home Builder Confidence Falls, First Time in Nearly a Year - tahoe3 | Feb 19, 2013 10:02 AM ET as far as i can tell. jan 2009, home depot stock was at 22.9. today its over 67. tell me again mr lagone. just how bad mr obama is for the u.s. economy.


the real estate increases is investor based - countdown_to_facebook_ipo | Feb 27, 2013 10:39 AM ET The Chinese are buying up all the distressed real estate. zerohedge/news/2013-01-22/chinese-politicians-are-buying-billions-us-real-estate Diana, ... - by 52BIC

Ask yourself this before you buy a house - Bill Williams Mar 1, 2013 Homes have rarely been more affordable. Home affordability index graph from the NAS compiled by the St. Louis Fed. A 100 means that median income family can afford a ty... - by bob245

US Consumer Watchdog Tightens Mortgage Lending Rules on Banks - matt1966 | Jan 10, 2013 05:11 AM ET It`s a shame that it`s taken until now to codify these common sense rules. On the other hand, it`s a shame that it`s even necessary to codify these common sense ru... - by GZ3C

$161,000 is right on target

Real Estate Agent Directory

Are you looking for a real estate agent in your area? At housing news blog, you can search for your local realtor and real estate service by using our agent search features.

Real Estate Agent Directory

Get listed!

Are you a real estate agent? Get listed for free with us! Complete a real estate agent profile form and get listed in a few days. Click on the link below to get started!

Free agent profile!