🚀 go-pugleaf

> Ah, here is the major problem - you are talking US, and I am talking
Canada.
> Your $30k is about $45k here; your taxes are lower; you can deduct
mortgage
> interest; you are taxed on family income, not individual income; etc.  The
> list goes on.
>
> And I am well aware of the real world.  I do not suggest that $80k would
> fall at the low end of the scale, but I do believe that $80k (CDN, in
Canada
> VBG) may be near the high end of comfortable, but is still far from rich
> (especially at a 50% marginal tax rate!!!), and still does not deserve the
> abuse heaped by some in these newsgroups.

A pension is designed for "after you retire" not "while the kids are at
home".

Most people that work all their lives will have their house paid off after
20-25 years.

You have a LOT less expenses at that point.

A senior or even a family with no housing payments can do quite well on $30K
per year.  certainly you won;t go on nice vacations every year and eat out
two or three times a week, but that is far different from not living quite
well.

If you figure the average family of 4 in Canada earns say $45K (or whatever
the stats are, but it's close to that) then AFTER you pay taxes you pay your
housing, THEN you get to spend the rest, you can do pretty well if you can
pay off your house.  If you can; pay off your house in that time, you likely
needn't worry about exceeding the upper limit of $55K or whatever it was
when this thread started.