I'd long had suspicions as much. But on Monday, it became indisputable. We were at a barbecue where the attendees spent 15-20 minutes discussing someone's household budget. We then smoothly segued into tax withholding rates and the qualities of the corporate benefits office.
I thought it was a decent conversation. That's how I know we're yuppies, not just some blameless wayfarers lost in yuppie hell.
Wednesday, May 30, 2007
Yep, we're yuppies
Posted by travis at 09:41
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2 comments:
wow. thats how i knew that despite having some of the external trappings, i never was. yikes. that sounds like hell to me.
-dave
The thing about Federal Income Tax rates that is lost and confused by most casual conversations about them is that the rates are marginal. The 1st $14.6K (or whatever it is presently) of everyone's income is taxed at 10%, even if you are Bill Gates. People get so outraged by the notion of a tax bracket about 35% but that would only be a tax on income beyond the 1st $326K (or whatever). Honestly...
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