Teabagger Making $100K Claims He Couldn't Save for a House Because of High Taxes

[Amerigo Vespucci]

Teabagger Making $100K Claims He Couldn't Save for a House Because of High Taxes

http://videocafe.crooksandliars.com/heather/teabagger-making-100k-claims-he-couldnt-sa

Anyone else want to call bulls**t on this guy besides me? On C-SPAN's morning call-in show Washington Journal, a caller from Tacoma Washington called in and after carrying on about the evil expansion of government and those evil government workers and those evil government unions, the caller tells this whopper. He claims that he lives in a trailer home, and makes an annual salary of $100,000 a year, at the age of 51 he could never afford a down payment for a house because his federal taxes are too high.

The median household income in Tacoma is about $47K. Median house or condo value is about 260K. If this guy couldn't afford to buy a house by now, he's not managing his finances correctly. This is what happens to your brain after watching too much ClusterFox and listening to too much right wing radio. Brain fried and mad as hell. I only make $100,000 a year and the "man" is taking me down with all of those high taxes!!

[hobbit709]

1. Haven't seen a teabagger yet who could pass a simple logic test.

[onehandle]

2. Probably spends all of his money on lottery tickets and guns. nt

[TheCowsCameHome]

14. ...and booze and porn DVDs....

[Evasporque]

3. I bet he spends more than $500 a month on cable and mobile phone...nt

[denverbill]

12. More likely porn and booze.n/t

[ejpoeta]

4. sorry but i have lived in a trailer park. if he was making that much money

he would either a)not be living in a trailer park or b)be living there by choice. there are people who are living in trailer parks by choice. unless he is living in a ritzy trailer park. there are some of those. i know that when we lived in a trailer park we were paying $350mo for our house and $335 to park it there. and that was a high rent trailer park for our area. so unless he lives in like california where they showed a trailer park with $1million trailers, then he is full of crap. unless he has like a very expensive car and vacation home etc. in which case it wouldn't be taxes but his spending habits that make it hard for him to save for a house.

[zipplewrath]

5. Self employed?

If he is self employed, his $100K may be the gross income of the business and his own "income" from that could be about $40K. And that may have been his best year. And he probably bought the trailer home using cash he could have used for a down payment. But he wanted to "own" instead of borrow. Of course now he is beginning to understand the concept of "equity" and he realizes he doesn't have any.

Without any details it is hard to tell. But it is probably true that all of his issues are connected with poor money management skills.

[Mimosa]

15. That makes sense, Zip n/t

[liberal N proud]

6. Some will bitch about any tax at all

They expect the roads to be smooth without having to pay for them.

They expect the fire department to come screaming down the street without paying to have a fire department.

They expect the military to fight the wars they support.

They expect to draw social security when they retire, yet they don't want to pay into it now and they don't want it to exist for those who are receiving it now.

Median price of home is $47K and this asshole can't save to pay for that? :shrug:

[MissB]

7. Ha. He isn't even in the high tax bracket.

We lived on that income for eight years as a family of four (one income). We always joked that if we couldn't live on dh's income without going into the hole then we were doing something seriously wrong.

During that eight year period, we sold one house and bought a more expensive one (with a $250k/30 year mortgage), bought not just one but two cars, and took family vacations that required passports. And we were paying on student loans. And doing lots of home improvement projects.

Oh, and we contributed the full amount allowed to dh's 401k (so, 15-16k/year), had a pretax MSA, and still managed to save plenty of thousands/year.

This guy apparently can't manage his money.

[Burma Jones]

9. Well Done........

We're doing pretty much the same thing on 150K/year.......in the DC Suburbs.

[MissB]

13. DC? Yikes!

That's a seriously high cost-of-living locale!

I think that once one hits a certain yearly income it does become easier to hit that middle class American dream. Assuming, of course, that one doesn't live like a Hilton on a middle class income. That post the other day in the six (seven?) signs you've made it to the middlemclass really hit home, especially the paragraph about the cars. No matter how much dh and I will make, we will always be middle class Americans and we feel very lucky to be just that.

We are doing better now that I've returned to my career. Dh's salary has increased. We still pack lunches each day for all family members. We did do a really good vacation this year, but even that had an intentional "cheapness" about it, because we just don't see the point of going into debt in the short term. The long term debt like the mortgage is fine, but we are always delaying the luxe items we'd probably like in exchange for a comfy retirement.

/random thoughts

[peekaloo]

8. Listen up Mr. Liberal Smarty-Pants

YOU try and find a house with a front door large enough to slide in a few port-o-potties(or as the Elites call them Pot-O-Lets) for that kind o' money!

*harumph*

;-)

[guitar man]

10. I managed to buy and pay off a house

While making less than half of that most of the time. I'd like to know what he's paying for health insurance, $20 says its more than he's paying in income taxes,

[Mimosa]

16. Health insur. is costing nealy 20% of our income at present.

Depending on age and pre-existing conditions that could be a major expense for anybody who's self-employed. So pne has nothing left to save.

[chelsea0011]

11. "Couldn't afford a downpayment"? Did he miss out on the little or no down payment

offers by the feds? If he is a first time buyer, little down payment shouldn't be a problem.