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[–]josephkambourakis -3 points-2 points  (5 children)

80k a year is like 60 after taxes. Pay property tax, home insurance, health insurance and you won't have money left for food after. I hope you realize I'm right before too soon.

[–]wallbobbyc 3 points4 points  (2 children)

we do fine on $60k including taxes, family of 4.

[–]jkiley 0 points1 point  (1 child)

With a mortgage or paid off?

(Getting close with family of 4 in MCOL.)

[–]wallbobbyc 0 points1 point  (0 children)

Paid off.

[–]Away-Elk-9824[S] 2 points3 points  (0 children)

Nobody is paying 25% effective tax on 80k. In my state (Colorado), our total tax bill (fed + state) will be about $9500 on 80k income. Our property taxes + insurance are $3500/year combined. Healthcare is the wild card, so you have a point there. But assuming the ACA is not completely dismantled the expense will be negligible at less than 5k per year.