University of Chicago Law Prof's Blog About Struggling on $250G+ Draws Fire

[Swede]

Someone making $250K and complains about Obama's tax cuts on a blog,ain't too bright.
I edited to add,that end of the story they write that they didn't add the $100k plus,that his wife makes.

Henderson usually kept his blog posts to matters of corporate law and the markets. But last week he made it personal. He posted a portrait of his family finances to make his case that those who make more than $250,000 a year are struggling, like everyone else, to make ends meet -- and people in that income bracket will see their taxes go up if Obama succeeds in his plan to extend the Bush tax cuts only for low- and middle-income Americans.

“A quick look at our family budget, which I will gladly share with the White House, will show him that, like many Americans, we are just getting by despite seeming to be rich. We aren’t,” Henderson wrote.

He said he and his wife, a doctor, paid $100,000 in federal and state taxes last year and $15,000 in property taxes. He wrote that they have a mortgage on a house they own a short distance from President Obama’s home, and they are paying off $250,000 in student loans. With an annual income of more than $250,000, he wrote, he and his wife are far from super-rich.

http://www.foxnews.com/politics/2010/09/28/super-rich-tax-hikes-todd-henderson-viral-blog-heritage-foundation/?cmpid=prn_baynote-js_University_of_Chicago_Law_Profs_Blog_About_Struggling_on_250G+_Draws_Fire

[Ramulux]

1. Go Fuck Yourself

Seriously dude, go crawl under a rock and leave the rest of us who are actually hurting alone. I'm not going to bother explaining why the premise behind this guys article is fucking twisted and un-American, it should be obvious.

[ixion]

2. 250K is well-off, not rich, by any stretch

seriously. I know it sounds like a heap of cash, but it's not really at the end of the day.

[Egnever]

6. Hahahah!

Ya right.

The only way its not is if you buy a mcmansion and rediculous cars. Otherwise its a ton o cash.

[blondeatlast]

9. When you read the whole thing, and the whining about his nanny and gardner, you may think otherwise.

He's a major league gummy turd.

Posted on DU a few weeks ago; his pathetic apology is even WORSE.

[Curmudgeoness]

20. Really? Really? Are you sticking with that argument?

Statistics from 2006 show that only 6.24% of individuals make over $100,000. Only 6.24%. Now $250,000 is 2-1/2 times that amount. Pardon me if I think you are full of it. The group earning $250,000 are a very elite group, even though they don't believe it. I guess none of us appreciate how lucky we are.

[Arkana]

22. If he bothered to live within his means it would be.

[underpants]

29. Fox news with reference this endlessly as "...and the guy making $250K who is broke!"

all of which is nonsense but all of our news is nonsense.

[Liberal_in_LA]

3. Let's start up a collection for him

:eyes:

[L0oniX]

16. +1

[emulatorloo]

4. He gets a tax cut on the first $250,000 he makes. Why is foxnews.com trying to stir up shit

I wonder?

Maybe he needs a better tax accountant?

[AnnieBW]

11. And a better financial advisor

If he's paying $100K in taxes, he'd better get some of that into a tax-free IRA or other fund. Geeze, even *I* know that!

[emulatorloo]

12. I know, it just seems crazy. Maybe he is exaggerating a little.

[dkf]

5. Most of us don't have $250,000 in student loans.

Sympathy for those who value a college degree enough to be in that large a debt for education is nil.

Sad but true.

Education and housing makes life unaffordable.

[emulatorloo]

14. And it is probably one of those Usurious private student loans fostered by the Bush Administration

[xchrom]

7. Live in a cheaper house? Drive a less expensive car?

Vacation closer to home? Just a thought.

[blondeatlast]

10. Give up the nanny for pre-school and do his own yardwork, that might help too, nt

[L0oniX]

17. Hire undocumented house labor to save money ...like Meg.

[devilgrrl]

27. Maybe he should just move somewhere cheaper!!!!

:sarcasm:


After all, isn't that what "some say" to people who make much less?

[Liberal_in_LA]

8. his take home is 135K, about 20K would go to student loans - leaving them w 95K

A 5k a month mortgage would leave them with 35K to live on.

[Statistical]

23. Then he needs to live on a 95K lifestyle.

If you make $250K and try to live a $350K lifestyle you won't have enough.

If you make $250K and live within your means you will have enough.

Even better if you live on less than your salary and put aside 10% your labor will last a lifetime.

All you have illustrated is he doesn't have sufficient income to support $5K mortgage. Why not a $2K mortgage or rent?

[Lucky Luciano]

37. I think his original blog post mentioned that he saved $60K per year

for retirement.

[Lyric]

30. But...but...they have to pay the NANNY!

:nopity:

[Taitertots]

13. Anyone struggling on $250k a year is an idiot

There is simply no other explanation. Struggling with too much McMansion, too many new cars, full service health care, nanny, gardener, and taxes. This is just another "let the poor eat cake" assholes who doesn't understand why people would get upset when he says it.

Coming from someone who doesn't struggle that much on 1/20 his salary.

[underpants]

28. There is no way he paid $100K in taxes on either $250K or $400K

no way

I don't see the actual link to his finances that the article mentions.

I would love to take a look at them.

[Taitertots]

32. FOX doesn't want you to see it, then you could make an informed decision

I would love to see how this guy manages to waste $250k a year.

Even if he did pay that much (I doubt it too) it would still leave him ample income to live on. So much left that only a fool could still be struggling.

[L0oniX]

15. DIE!

[Swamp Rat]

18. Grab hold of your bootstraps Henderson,

and PULL!

:nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity:

[City Lights]

19. Poor thing!

:nopity:

[Arkana]

21. That guy can go fuck himself. He has a maid, a gardener and a goddamn cook.

THAT MAKES YOU RICH, YOU DUMB HORSEFART.

[Liberal_in_LA]

34. I know many mid class people in LA who have gardener/maid. Cook would be the luxury

Almost noone I know with a house does their own yard anymore. Many have a maid or pay for maid service a few times a year. I wouldn't call any of them rich or even upper mid class. these services became standard years ago when the cost dropped substantially (immigrant labor).

[Skidmore]

24. Perhaps he needs to live within his means....maybe a cheaper house

to start with. Or maybe he should just rent.

[Skidmore]

25. dupe...delete

[devilgrrl]

26. Guess he'll just have to learn how to live within his means.

:popcorn:

[Canuckistanian]

31. He has a job? Is he hring servants or anything?

I'll paint his house. I'll mow his lawn.

I'll work cheap, I PROMISE. Just don't fire me. I'll never get unemployment.

Please? Look, I know I'm not an illegal immigrant, but I'll sign ANYTHING to let you work for me!

[billlll]

33. 91% IKE's top rate...we had prosperity, jobs then

Wealth not STUCK at the top, like now

Gov spending paid folks.. cash to buy products of factories...keeping them open.

I note the OP guy works where milton Friedman worked. Friedman also said insane things. What's gone haywire in chicago? Used to be a LW town.

[marmar]

35. More toxicity from the University of Chicago......

...... whose Economics department has already f**ked the country eight ways from Sunday.

[nadinbrzezinski]

36. They are far from super rich

I will give him that. But...he can go cry me a river.

That said, it does reveal a little issue with not living within your means.

This is common regardless of how much people make.

[Initech]

38. The next one of these motherfuckers to complain should be forced to live on $10/hour for 5 years.

Really I'm getting sick and tired of this fucking bullshit.