The exact dollar figure is highly controversial and has been debated a number of times. But most agree it is $10k per month in income that puts you in Big Dog territory.
If you are well above that, then I suppose you are a Very Big Dog.
Post by Velvetshady on Nov 28, 2012 10:01:38 GMT -5
What's that? OMG, it's a little red dot! Oh no, it's moving. Don'tcha wanna catch it? Huh, huh, huh? (do dogs chase laser lights? Or would a waving a shiny thing be a better distraction?)
Post by barefootcontessa on Nov 28, 2012 10:42:33 GMT -5
My comment is that it is ridiculous to lump those who make $250K/year (which translate to about $10K per month depending on your deductions) into the same category as those who make a $1M+ per year, as is being discussed in current tax talks. There needs to be more brackets at the top and a corresponding reduction in payroll taxes -- which are regressive, especially in two income households.
My comment is that it is ridiculous to lump those who make $250K/year (which translate to about $10K per month depending on your deductions) into the same category as those who make a $1M+ per year, as is being discussed in current tax talks. There needs to be more brackets at the top and a corresponding reduction in payroll taxes -- which are regressive, especially in two income households.
Big dogs is a term people use on MM though to describe posters who make a certain amount or more, and has nothing to do with current discussions in government regarding tax policy, right?
My comment is that it is ridiculous to lump those who make $250K/year (which translate to about $10K per month depending on your deductions) into the same category as those who make a $1M+ per year, as is being discussed in current tax talks. There needs to be more brackets at the top and a corresponding reduction in payroll taxes -- which are regressive, especially in two income households.
And the COL argument is that it ridiculous to call those living in HCOL or VHCOL areas and earning $250k/year "big dogs" when their monthly housing expense for a 700 sq/ft apartment is more than most peoples total monthly income in the rest of the country. Hence me waving shiny things to distract people from this non-resolvable argument being endlessly debated again.
I was not commenting on any sort of official, tax, or government definition. I completely agree that there is a big difference between $250K and $1m HHI
All I was commenting on was the historical use of the term on MM.