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Yes, because income tax brackets aren’t progressive (all the income is taxed at 35%, and no standard deduction). People should definitely live a lifestyle with no slack for savings.

It’s <someone else’s> fault I couldn’t save anything with 3.5x the median household income.

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150k is the actual housing and urban development definition of low income in San Francisco. You practically need assistance at that point.

That is a bit misleading.

'Low income' is defined as a household income of 80% of the median ($166K), depending on household size. $150K only meets that for a family size >= 4. There's also 'very low' (50% median) and extremely low (~35% median.)

You should look at it the SF Bay Area affordable housing income requirements. You’d be surprised how many tech families qualify.

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