So annoying, parents are jealous about $140K TC and then I have to explain how it’s 🥜. Equivalent to $94K TC in 2005 and they both made ~$100K at that time. Not to mention their cheap housing, luxury things like concerts were way cheaper (since # of tickets basically have a constant supply, but more population and globalization increased demand like crazy, not to mention scalping), etc. Even at this TC you get a medium class car, medium class house, and medium amount of luxury hobbies. Easily could afford this with $50K TC both partners working in the 90’s and 2000’s.
Six figure salary was coined in the 70s. Today's equivalent is over $750k
From the comments on Blind it sounds more like $100K is the new $250K
Here is the graph. You can take the last value, divide it by 2.5 and find the correspondent value in the past. That will give you the “yes” answer to your question. You can then repeat the experiment with 2x, 3x, 5x, 10x etc. You’ll find the answer is always “yes” and will maybe stop asking this nonsense question, especially in the Tech Industry topic.
Up and to the right
No it’s 500k new 100k
This one, I can imagine paying 80% tax going forward at 500K, which will definitely make it new 100K.
Tell me you don’t understand how marginal tax rates work without telling me you don’t understand how marginal tax rates work