Tell Republicans: Reject the NRA
6 days ago
Like those taxes. If a person is married with two children, the weekly deductions on a $500,000 salary are: federal taxes, $2,645; Social Security, $596; Medicare, $139; state taxes, $682; and city, $372, bringing the weekly take-home to $5,180, or about $269,000 a year, said Martin Cohen, a Manhattan accountant.
Not every bank executive has school-age children, but for those who do, offspring can be expensive. In addition to paying tuition, “You’re not going to get through private school without tutoring a kid,” said Sandy Bass, the editor of Private School Insider, a newsletter that covers private schools in the New York City area. One hour of tutoring once a week is $125. “That’s the low end,” she said. “The higher end is 150, 175.” SAT tutors are about $250 an hour. Total cost for 30 weeks of regular tutoring: $3,750.
Barbara Corcoran, a real estate executive, said that most well-to-do families take at least two vacations a year, a winter trip to the sun and a spring trip to the ski slopes.
Total minimum cost: $16,000.
A personal trainer at $80 an hour three times a week comes to about $12,000 a year.
The work in the gym pays off when one must don a formal gown for a charity gala. “Going to those parties,” said David Patrick Columbia, who is the editor of the New York Social Diary (newyorksocialdiary.com), “a woman can spend $10,000 or $15,000 on a dress. If she goes to three or four of those a year, she’s not going to wear the same dress.”
• $98 million for school nutrition (school lunch programs - for those pesky poor kids)
• $1 billion for Head Start/Early Start (for those pesky poor pre-schoolers)
• $5.8 billion for Health Prevention Activity (nutrition and exercise programs for low-income kids and families who can't afford personal trainers)
• $600 million for Title I (Provides funding to low income schools so they can hire teachers to teach kids who can't afford tutors to get them into college)
• $16 billion for school construction (For those pesky schools in poor neighorhoods that are falling down/poisoning their students)
• $3.5 billion for higher education construction (For those pesky state schools churning out the future of America)