even more quiddities and agonies of the ruling class - a new rolling new york times thread

What can be done to fix the game of baseball? The New York Times would like to hear from readers.

GUESS WHAT, motherfuckers?

ask the Black Sox

https://www.theguardian.com/technology/2017/feb/27/silicon-aa-cost-of-living-crisis-has-americas-highest-paid-feeling-poor

Another tech worker feeling excluded from the real estate market was 41-year-old Michael, who works at a networking firm in Silicon Valley and last year earned $700,000. Sick of his 22-mile commute to work, which can sometimes take up to two and half hours, he explored buying a property nearer work.

“We went to an open house in Los Gatos that would shorten my commute by eight miles. It was 1,700 sq ft and listed at $1.4m. It sold in 24 hours for $1.7m,” he said.

Although he said his salary means he can afford to live a decent life, he finds the cost of living, combined with the terrible commute, unpalatable. He’s had enough, and has accepted a 50% pay cut to relocate to San Diego.

“We will be unequivocally better off than we are now.” He said he won’t miss some of the more mundane day-to-day costs, like spending $8 on a bagel and coffee or $12 on freshly pressed juice.

http://www.hardtimes.com/assets/1/13/SlideShowDimensionMain/htchomepagebanner.png

yeah it's the New Yorker but

http://www.newyorker.com/magazine/2017/03/06/per-ses-seven-course-kids-menu

There was a blog that took kids to a bunch of high end Bay Area restaurants, it was adorable.

--he says sarcastically (I hope)

https://thebolditalic.com/a-four-year-old-reviews-the-french-laundry-the-bold-italic-san-francisco-b6b92b919ff3#.oexlqjdg9

https://i.imgur.com/nzL0SLi.png

can only hope 1-down is "swole"

and 2 down is "totes"

https://www.nytimes.com/2017/03/17/realestate/suburban-just-dont-call-her-a-jersey-girl.html

i posted on trump thread too but uh what is this

https://mobile.nytimes.com/2017/03/18/style/donald-trump-jr-business-politics-hunting-twitter-vanessa-haydon.html?smid=tw-nytstyles&smtyp=cur&referer=

jfc that montclair article

https://i.imgur.com/PKOhMEl.jpg

http://cdn.financialsamurai.com/wp-content/uploads/2016/06/cropped-Financial-Samurai-Main-Banner.jpg

(no fancy bags)

looool

crazy how those vacations and million-dollar homes and BMWs really add up

https://frinkiac.com/meme/S12E05/274816.jpg?b64lines=ZmluYW5jaWFsIHBhbnRoZXIsIGVoPw==

https://pbs.twimg.com/media/C7sRoaZW4AE9RDB.jpg

It's true, if you take away the expensive cars, 3 vacations per year, expensive house, expensive food, $12000 worth of children's lessons per year (!), these people live a fairly average life.

I mean, rich people are just middle class people who make and spend a lot more money, we're all the same.

There's something weird about making alumni donations in lieu of paying off their student loans faster.

yea for the age they need to be, those student loan payments are crzy

the $10,000 a year on "miscellaneous" is totally the best bit

18K on charity

break me off a piece homie

There's something weird about making alumni donations in lieu of paying off their student loans faster.

― jmm, Friday, March 24, 2017 11:47 AM (twenty-three minutes ago) Bookmark Flag Post Permalink

yea for the age they need to be, those student loan payments are crzy

― johnny crunch, Friday, March 24, 2017 11:48 AM (twenty-two minutes ago) Bookmark

probably trying to prime the pump for when their kids go to college

somebody should tell them unless they're giving their alma mater name a building after me money, it aint gonna work

also the 40% effective tax rate is total bullshit, comically so

yeah they made an 18k deductible donation for a start, but also progressive income tax does not work that way.

2150 a year will get you a lotta normcore gap clothes

(though to be fair, "no threads," so maybe they're using space age polymers only?)

they're factoring in state and local xp

here's the writeup:

Largest Expenses

Taxes ($185,600, ~40% effective tax rate): The government doesn’t believe in two high-earning working spouses. They want one spouse to stay at home and take care of the kids. If they didn’t, why did President Obama campaign aggressively for $200,000 + $200,000 = $250,000 before taxes go up for the top? Equality would dictate that $200,000 + $200,000 = $400,000, which is the compromise our politicians made.

Living in NYC is expensive due to Federal (39.6% marginal tax bracket), State (10%+), City (4.25%+) taxes, and FICA tax of 6.4% for the first $127,200 you make for 2017. Unfortunately, NYC is where the jobs are. This couple is paying roughly $8,000 – $10,000 extra a year due to the marriage penalty tax. Furthermore, they have AMT, an extra 0.9% Medicare tax they have to pay on income over $200,000, and net investment income tax (NIIT) of 3.8% on income over $250,000!

- See more at: http://www.financialsamurai.com/scraping-by-on-500000-a-year-high-income-earners-struggling/#sthash.wSuoWtUT.dpuf

"One breath of scandal, and not only would the Giscard scheme collapse but his very career would be finished! And what would he do then? I’m already going broke on a million a year! The appalling figures came popping up into his brain. Last year his income had been $980,000. But he had to pay out $21,000 a month for the $1.8 million loan he had to take out to buy the apartment... Of the $560,000 remaining of his income last year, $44,400 was required for the apartment’s monthly maintenance fee… $18,000 for heat, utilities, insurance and repairs, $6,000 for lawn and hedge cutting, $8,000 for taxes. Entertaining at home and in restaurants had come to $37,000. This was a modest sum compared to what other people spent."

a hahaha, totally.

Living in NYC is expensive due to Federal (39.6% marginal tax bracket), State (10%+), City (4.25%+) taxes, and FICA tax of 6.4% for the first $127,200 you make for 2017. Unfortunately, NYC is where the jobs are. This couple is paying roughly $8,000 – $10,000 extra a year due to the marriage penalty tax. Furthermore, they have AMT, an extra 0.9% Medicare tax they have to pay on income over $200,000, and net investment income tax (NIIT) of 3.8% on income over $250,000!

i'm not going to run the numbers on this extremely dumb article, but the 39.6% marginal tax bracket doesn't start until $466k, which they are under after deductions.

if their effective rate is really 40% they should spend $250 on an hour with a financial planner.

the average federal income tax paid for 500k is 22%, the idea that state and local would eat up an entire 18% of someone's salary is ludicrous. The first line of that second paragraph contains one outright lie (top NY state marginal tax rate is less than 9%, not 10%+), and I know it's stupid to be fact-checking such an obvious bullshit website but the "250K+ is middle class in New York" irrationally annoys me more than just about anything and I will fight it until my dying breath

something always comes up...

...your nose

also a year where you covered all "necessary" expenses, saved plenty for retirement, had $10k lying around for miscellaneous expenses, and still had $7300 left over at the end, that would be a total boon for the average american family, not a "regular year" where you "still feel average"

sorry, i know it's a totally dumb "article" and outside the purview of this thread in the first place, i just can't resist hammering it.

Even ignoring all the idiocy in that chart - I just don't get it. Like how much money are they saying they would need left over after buying everything they want so that they would feel rich?

hafta be able to roll in it, in paper form

from the nyt's recipes newsletter:

Good morning. The news of the world may be grim running to grimmer, but still we make time to cook, hoping that the practice can bring a balm to wounded souls.

Take as an example Melissa Clark's recipe for a roasted carrot salad with arugula and pomegranate (above). Make it tonight while listening to Laura Marling, while enjoying a glass of wine,

while listening to Laura Marling, while enjoying a glass of wine,

and while we're at it, I can recommend what clothes you should wear, what time of day to begin, and what brands of utensils to use, if you would like to reproduce the full soul-wound-balming-salad effect.

yeah those one liners do break yer heart

Help I'm confused about quinoa!

https://www.nytimes.com/2016/07/07/upshot/confused-about-quinoa-and-nutrition-so-are-other-americans.html

But nutritionists and ordinary Americans also differ in an obvious but important way: Nutritionists know a lot more about food.

whoa holy shit, you don't say???

https://www.youtube.com/watch?v=dFJopF6WJNw

https://pbs.twimg.com/media/C9tTBnGXgAEn8yl.jpg:small

on a positive note, they are mortal like all men and must ultimately die