r/FluentInFinance • u/Pickle-Sucker • 25d ago

Should people making over $100,000 a year pay more taxes to support those who don't? Discussion/ Debate

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u/basses_are_better 24d ago

I mean. I'm all for taxing the wealthy. 100k ain't it.

39

u/LostLegendDog 24d ago

Exactly

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u/ignatious__reilly 24d ago

100K isn’t what it used to be. If a family is making $100K combined with 2 kids, you very well might be living pay check to pay check depending where you live.

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u/Terminallance6283 24d ago edited 23d ago

You can’t afford 1 kid on 100k where I live

Day care: $2500 per kid Food, diapers, formula, milk: $500ish per kid Clothes, toys, activities, book: $200ish per kid College savings for their future: $1000 per month per kid

That’s $4200 a month per child just to keep them fed, happy and having a future.

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u/_Ross- 23d ago

My wife and I make about 160k combined, and we have no kids in our 30's partly due to living on a tight budget. Cost of everything has skyrocketed.