Quote:
Originally Posted by Regorium
I've thought a bit about how to get into the "wealthy". I know a doctor-housewife couple that bought a 2 million dollar house in Patterson, and a doctor-doctor couple that bought in Mt. Royal (probably 2-3 million).
To me, it seems like doctors are the cut-off for when you can just be upper class purely based on income. How much is that? 300k/yr? What is the actual gap between the standard $200k/yr upper middle class lifestyle and the wealthy?
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Doctor's incomes varry wildly. GPs might only make $100k/year. High and surgeons, particularly those that can charge for private services, might make $800k plus.
Once again $300k can mean a lot of different lifestyles, depending on what tax schemes you fall into. Even $300k at a marginal rate of close to 50% is going to put you more info the nicer car range, as opposed to an entirely different class of lifestyle.