What is your income level?

Jandrews · 09-10-2006, 09:20 AM

Ever wonder how much your neighbor makes? How about the guy in the local PCA who just bought that new 997? You think you are doing alright, but where do you fall in a median of your peers? I know this has everything to do with your geographic location, but let's get a looksee cross-section here. I have provided ranges to keep real personal information generally safe. Oh, and let's talk "Gross Annual Income" to eliminate any tricky tax advantages or disadvantages some might have.

Interested?

masraum · 09-10-2006, 09:42 AM

One Million Billion Dollars, muwahahahahahah.

widgeon13 · 09-10-2006, 09:48 AM

I think the question is interesting but perhaps somewhat off the mark. (I mean that in a constructive manner.) I think a more relative question would be, "what is your net worth". My reason for that suggestion is that as one of our regular contributors has recently demonstrated, salary can change on short notice or end all together at any point in time. Net worth on the otherhand is somewhat more stable over a period of time. Just a thought. The other reason I mention that is that some on the BB are retired and for them what constitutes income?

I'll be interested in seeing the participation level and responses.

pwd72s · 09-10-2006, 10:13 AM

Exactly...retired, I get checks from several sources through investments, and social security. Net worth? I don't know that I'd want to divulge that in a public forum. Income? That's between me & the IRS...but I'm going to lie on your poll, just to see if anybody answered.

competentone · 09-10-2006, 10:18 AM

I was going to vote, but I don't see the category of "Never enough!"

livi · 09-10-2006, 10:33 AM

Man, you do make a lot of money in the US. I just barely made it into the second from the top. I am poor. I need a hug..

pwd72s · 09-10-2006, 10:36 AM

Hugs, Livi....But you know? I suspect I'm not the only one who lied on this poll.

Also, you must keep in mind, a million dollars doesn't go as far as it used to.

Moses · 09-10-2006, 11:11 AM

Quote:

Originally posted by pwd72s
...you must keep in mind, a million dollars doesn't go as far as it used to.

Yeah, a million here, a million there...Pretty soon you're talking about real money.

svandamme · svandamme's Garage

but Livi , don't forget, with bush at the helm for 2 more years, blowing money like he actually has money he can blow... chances are the buck will be worth like point 1 of a euro

i mean , a million bucks will only be like 100 000 euro's..

mb911 · mb911's Garage

Quote:

Originally posted by livi
Man, you do make a lot of money in the US. I just barely made it into the second from the top. I am poor. I need a hug..

very much depended on cost of living and location. typically CA makes a bunch more then the midwest but cost of living compensates as well

ruf-porsche · ruf-porsche's Garage

Quote:

Originally posted by mb911
very much depended on cost of living and location. typically CA makes a bunch more then the midwest but cost of living compensates as well

Actually I hear Wisconsin was pretty high

Hugh R · 09-10-2006, 03:14 PM

I make a good living by SoCal standards, but after mortgage, taxes, daughters college, at the end of the month, I've got nothing left.

pwd72s · 09-10-2006, 03:29 PM

It's all relative...Cindy & I have low annual spending since everything we own is paid for, and the daughter is now grown & on her own. So, we have $ left over at the end of the month, just sock 'em away for when/if we want to blow 30 to 50K, possibly more, on a new car in the future. But I really don't want a new 'status' car, preferring to be semi invisible in a Ranger pickup when doing the daily chores driving...so, for now, we'll just let the savings and investments grow until we can think of something we'd like to spend money on. So, it's all relative. Not so much how much you make as what you like to do with what you make. I don't consider myself wealthy...but in some ways, I guess I am. I do pretty much what I want when I want, and there's nothing out there I really feel the need to spend money on...well, I did just buy a brake bleeder from our host. Does that count?

Jandrews · 09-10-2006, 06:46 PM

So far, over 10% make $1M+ per year! Wow, that's impressive...unless people are lying.

M.D. Holloway · 09-10-2006, 06:54 PM

No matter what you make you still never have enough - gets even worse with ex-wives, child supoport, college, sports, scouts, riding lessons, music lessons, home up-grades, boob jobs (opps, didn't mean to put that in!).

Face it, you make $50K/yr it ain't enough, you make $1MM/yr it still ain't enough.

We all rise to our level of indebtedness...

Moses · 09-10-2006, 07:12 PM

Quote:

Originally posted by LubeMaster77
...you make $1MM/yr it still ain't enough.

No, I'm pretty sure a million would work just fine for me.

jyl · jyl's Garage

Quote:

Originally posted by livi
Man, you do make a lot of money in the US. I just barely made it into the second from the top. I am poor. I need a hug..

The cost of living is very high in some parts of the US. In the SF Bay Area, where I recently lived, a family with two kids and $100K/yr of income who wants to live a middle-class existence - live in a safe neighborhood, buy a home, old 911 in the garage, occasional vacations - is feeling very pinched. They basically cannot do it unless they bought the house 10 years ago.

targa911S · 09-10-2006, 07:39 PM

Quote:

Originally posted by Moses
No, I'm pretty sure a million would work just fine for me.

+1

RallyJon · 09-10-2006, 07:39 PM

Quote:

I think a more relative question would be, "what is your net worth".

But net worth doesn't just sit there. Gross Household Income certainly includes interest, dividends, capital gains, etc. I doubt those who could be said to live off their assets are actually depleting those assets to do so.

fintstone · fintstone's Garage

I would have thought that most made more money than the poll indicates.