🚀 go-pugleaf

On Tue, 22 Jun 1999 19:28:54 -0300, "David Skene" <dskene@usa.net>
wrote:

>> 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.

Suffice it for me to say that a Senior or even a couplke can actually
live damn well off of $20k when they aren't worrying about house
payments. But you might want to know that most seniors and older
couples that I know here in New Mexico do pay home payments, so there
you go.

Spirit Explorer
>
>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.
>
>
>


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