One Day In The Life Of The 1%.

"Roberto G." (roberto-g) 04/27/2014 at 10:18 • Filed to: FILTYRICHES

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Read and die of envy...

Brian Silvestro > Roberto G. 04/27/2014 at 10:22

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As most of the comments are saying, this woman just might be in it for the money. Maybe.

Roberto G. > Brian Silvestro 04/27/2014 at 10:22

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Yep, maybe.

Boss2452stolemylunchmoney > Brian Silvestro 04/27/2014 at 10:27

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When you're 18 and rich enough.... Live it up. We both know we would have at that age.

PS9 > Roberto G. 04/27/2014 at 10:28

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Meh.

Brian Silvestro > Boss2452stolemylunchmoney 04/27/2014 at 10:32

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Duh. I'm 19 and I would 100% throw money around like this if I had it.

Bluecold > Roberto G. 04/27/2014 at 10:44

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It just recently occured to me that the Aventador doesn't have a grille because it does not need one. The Tesla model S doesn't need a grille either. But has one.

LTIROCKS > Roberto G. 04/27/2014 at 10:46

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The gap in among the top 1% is HUGE. The average person in the top 1% can't reasonably afford two of these Lambos or the various other big luxury items owned by this guy.

Per the latest data, a household income (adjusted gross) of $388,905 was enough to land a household into the top 1%. And the typical household in the top 1% pays a much higher tax rate than those in lower income tiers.

http://www.kiplinger.com/article/taxes/…

After taxes, a $388,905 AGI can easily yield a net income of below $300K.

Diesel > LTIROCKS 04/27/2014 at 10:48

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And no tears were shed.

Roberto G. > LTIROCKS 04/27/2014 at 10:49

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Clearly, to me at least... the dude is TOP of the 1%. But 1% is too little a number to be divided in sub-categories, which indeed I find a little preposterous.

Roberto G. > Bluecold 04/27/2014 at 10:53

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...and that makes us think about which of the two is a real car, and which is mostly a marketing stunt.

LTIROCKS > Roberto G. 04/27/2014 at 11:19

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A household at the bottom of the top 1% takes in $280K or so a year after paying taxes.

A household at or near the top of the 1% takes in HUNDREDS OF MILLIONS a year after paying taxes.

That is a VAST difference!

A net income of $280K for a younger family living in or near major metro areas (e.g. San Francisco, Boston, New York City) doesn't qualify as wealthy.

Here's a WASHINGTON POST article on hypothetical families living in different metro areas grossing $250K a year, which is top 2% or so: Many of them are underwater with what's considered to be reasonable family/household expenses:

http://www.washingtonpost.com/wp-dyn/content…

LTIROCKS > Brian Silvestro 04/27/2014 at 11:20

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Most of them are in it for the money.

Brian Silvestro > LTIROCKS 04/27/2014 at 11:21

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Wouldn't doubt it.

LTIROCKS > Brian Silvestro 04/27/2014 at 15:48

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And that's why you'll never have any money.

Brian Silvestro > LTIROCKS 04/27/2014 at 15:48

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*cries*