>>21215970Let's do a bit of math.
>160k a year income puts you in the top 0.25% of earners between the ages of 18-301 in 400
>160k a year is needed for 118k net in a low-income tax stateSo after Uncle Sam takes his cut, you're left with 18k to live on for the year. That's 1.5k a month. IF you live in a LCOL state (good luck getting 160k there), have ZERO life, incur NO expenses, have NO debts, you MIGHT be able to make it work, and save 100k a year.
At 160k a year. It would take 5 years of living like a beggar to buy an average home and pay it off. In 1970, your average grocery store bagger could buy a house and pay it off in 3.
>The system is utterly broken 