Just some simple math for people that work a 40 hr week..

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  • KMR Stitch
    I am cool
    • Jul 2003
    • 14494

    #1

    Just some simple math for people that work a 40 hr week..

    Say you make 8.75 an hr...

    You want to buy a Car for 20,000.00 Cash.
    You have to work 2400 hrs @ 8.75 an hr
    To make 21000.00
    And if you worked 40 hrs a week That would take you 60 weeks of work.. And there is only 52 weeks in a year.

    Just pointing that out to the thread that said can you live off 7.00 an hr.

    And You still need to eat right?? 1000? That is a lot of top ramin
  • shermo

    #2
    That's insane. :\

    Comment

    • Veterans Day
      Confirmed User
      • Jul 2003
      • 8403

      #3
      72 months
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      • sonofsam
        Too lazy to set a custom title
        • Dec 2004
        • 18647

        #4
        right.. because there is no such thing as TAX right?
        I like turtles.

        Comment

        • KMR Stitch
          I am cool
          • Jul 2003
          • 14494

          #5
          Originally posted by sonofsam
          right.. because there is no such thing as TAX right?
          When you make that little you love tax day.. you get money back

          Comment

          • KMR Stitch
            I am cool
            • Jul 2003
            • 14494

            #6
            Originally posted by Veterans Day
            72 months
            Is my math that off? Where do you get 72 months from?

            52 weeks in a year right? = 2080 hrs... ad on 6 more weeks to get 2400hrs

            Comment

            • Veterans Day
              Confirmed User
              • Jul 2003
              • 8403

              #7
              Originally posted by KMR Stitch
              Is my math that off? Where do you get 72 months from?

              52 weeks in a year right? = 2080 hrs... ad on 6 more weeks to get 2400hrs
              Tell me who is making 7-8 an hour and remotely thinkg of buying a car for 20k cash? Noone is the answer. Hence 72 month car loans.
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              • Alex
                So Fucking Banned (YEA!!)
                • Jun 2004
                • 10963

                #8
                Even if you make $20/hr you dont drop 20k cash on a car.
                Care about me?
                Who?
                Me!
                Who?

                Comment

                • Sly
                  Let's do some business!
                  • Sep 2004
                  • 31378

                  #9
                  Living on $7 an hour is far from difficult. Living a decent life on $7 an hour is a different story.

                  People making $7 an hour don't buy new $20k cars. They buy used $3k cars from their Aunt Sally.
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                  • Spunky
                    I need a beer
                    • Jun 2002
                    • 133978

                    #10
                    Who in their right mind would work for 8.75?

                    Comment

                    • Alex
                      So Fucking Banned (YEA!!)
                      • Jun 2004
                      • 10963

                      #11
                      Originally posted by spunky
                      Who in their right mind would work for 8.75?
                      High schooler
                      Care about me?
                      Who?
                      Me!
                      Who?

                      Comment

                      • GatorB
                        The Demon & 12clicks
                        • Oct 2001
                        • 18208

                        #12
                        Originally posted by KMR Stitch
                        When you make that little you love tax day.. you get money back
                        Not necessarily. Also you certainly don't get FICA taxes back. They take that right out of your paycheck and yet you still have to pay income tax on you FICA tax. That's fucked.

                        Anyways say you are single and make $7 an hour that's $14,560 a year. After FICA taxes are taken out that leaves you $13,446. Now you get deduct $7950 of your income for a taxable income of $5496 of that you pay $598. So your total tax obligation is $1712 or about 11.8% of your gross income. And you don't get ANYTHING back. Of course that's not counting sales taxes and gas taxes and such that you also pay through the year.

                        Now if you have kids you get all kind of tax breaks and yes often not ony do you not pay taxes you get money back you never paid in. So to me that's the governments way of telling people to go out and breed.

                        Comment

                        • phogirl69
                          Confirmed User
                          • Jul 2001
                          • 3330

                          #13
                          If someone makes $8 an hr they should buy a used car for 3k or so...
                          As long as it works that should be good enouh for them.

                          If you make $8 a 20k car should be a luxury not a necessity. It is not necessary to have a 20k car. That's why poor people stay poor, becuase they don't know how to manage money properly. They consume too much and buy too much crap they don't need.

                          Comment

                          • GatorB
                            The Demon & 12clicks
                            • Oct 2001
                            • 18208

                            #14
                            Originally posted by spunky
                            Who in their right mind would work for 8.75?
                            That would be considered a good paying job where I live. Not that you can live off that here. That's just what the pay scale is. Hell having a job period is an accomplishment. When having an 8.5% umemployment rate is cause for celebration, something is fucked up.

                            Comment

                            • Verbal
                              Confirmed User
                              • Dec 2001
                              • 3420

                              #15
                              People that make $8/hr. should not be buying a $20K car ... that's how they stay poor. Good 'ol cycle of poverty.

                              Comment

                              • GatorB
                                The Demon & 12clicks
                                • Oct 2001
                                • 18208

                                #16
                                Originally posted by phogirl69
                                If someone makes $8 an hr they should buy a used car for 3k or so...
                                As long as it works that should be good enouh for them.

                                If you make $8 a 20k car should be a luxury not a necessity. It is not necessary to have a 20k car. That's why poor people stay poor, becuase they don't know how to manage money properly. They consume too much and buy too much crap they don't need.
                                Just to let you know that a $20K car is not a fancy car. You can't get very many new cars for under $20K. Hell a fricken barebones Neon costs over $16K after you add in taxes and shit.

                                Comment

                                • Spunky
                                  I need a beer
                                  • Jun 2002
                                  • 133978

                                  #17
                                  Originally posted by GatorB
                                  That would be considered a good paying job where I live. Not that you can live off that here. That's just what the pay scale is. Hell having a job period is an accomplishment. When having an 8.5% umemployment rate is cause for celebration, something is fucked up.
                                  Granted..if it is that bad why would people live there? There is no way in hell I could live off that.That is minimum wage here but we are taxed to death so the more you make the more income tax they take off anyways

                                  Comment

                                  • SomeCreep
                                    :glugglug
                                    • Mar 2003
                                    • 26118

                                    #18
                                    Originally posted by KMR Stitch
                                    Say you make 8.75 an hr...

                                    You want to buy a Car for 20,000.00 Cash.
                                    You have to work 2400 hrs @ 8.75 an hr
                                    To make 21000.00
                                    And if you worked 40 hrs a week That would take you 60 weeks of work.. And there is only 52 weeks in a year.

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                                    • Jer
                                      God is Brazilian
                                      • Feb 2001
                                      • 10601

                                      #19
                                      I'm 23, married and I don't have a car.

                                      Comment

                                      • GatorB
                                        The Demon & 12clicks
                                        • Oct 2001
                                        • 18208

                                        #20
                                        Originally posted by spunky
                                        Granted..if it is that bad why would people live there? There is no way in hell I could live off that.That is minimum wage here but we are taxed to death so the more you make the more income tax they take off anyways
                                        People where I live have had families that have lived here for almost 200 years. This is all they know and are poorly educated and really could make it any better in a big city. And this this way if you go 50 miles North, South East or West. At least here you can rent a house for $350 a month. Sure is probally over 50 years old and doesn't have central heat or air, but at it's not $800 a month or more like in a big city. Not going to go into how I came here or why I'm still here, but at least I'm not slaving at some factory for $7-$8 an hour.

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                                        • reed_4
                                          Confirmed User
                                          • Jul 2005
                                          • 9640

                                          #21
                                          nice math calculation you did there man.

                                          Comment

                                          • phogirl69
                                            Confirmed User
                                            • Jul 2001
                                            • 3330

                                            #22
                                            Originally posted by GatorB
                                            Just to let you know that a $20K car is not a fancy car. You can't get very many new cars for under $20K. Hell a fricken barebones Neon costs over $16K after you add in taxes and shit.

                                            Of course I know that. But if someone is making only 8 bucks an hour I consider that "really" low income and they should buy a used car, the cheapest of the cheap, like a used Civic, Camry or Corolla type of car. If you make only eight bucks that's not enough to afford a 20k car, even though we all know a 20k car is not fancy. They should buy a used car that still runs, like a 1990 corolla or some crappy car like that...

                                            Comment

                                            • KMR Stitch
                                              I am cool
                                              • Jul 2003
                                              • 14494

                                              #23
                                              Originally posted by GatorB
                                              Not necessarily. Also you certainly don't get FICA taxes back. They take that right out of your paycheck and yet you still have to pay income tax on you FICA tax. That's fucked.

                                              Anyways say you are single and make $7 an hour that's $14,560 a year. After FICA taxes are taken out that leaves you $13,446. Now you get deduct $7950 of your income for a taxable income of $5496 of that you pay $598. So your total tax obligation is $1712 or about 11.8% of your gross income. And you don't get ANYTHING back. Of course that's not counting sales taxes and gas taxes and such that you also pay through the year.

                                              Now if you have kids you get all kind of tax breaks and yes often not ony do you not pay taxes you get money back you never paid in. So to me that's the governments way of telling people to go out and breed.
                                              Oh, I agree with you 100% but I didn't want to get to much into poltics.

                                              Comment

                                              • pocketkangaroo
                                                Confirmed User
                                                • Jan 2005
                                                • 8452

                                                #24
                                                I think it depends where you live. For instance, I used to live in a small town in Minnesota (where I went to college). There I could:

                                                Rent a 1 bedroom apartment for $325/month
                                                Pay next to nothing for services
                                                Pay less for gas
                                                Pay less in taxes
                                                Pay next to nothing for clothes, etc.


                                                Now that I live in Chicago:

                                                1 bedroom place in a good area of Chicago is about $900/month
                                                Gas is taxed out the ass
                                                All your services are expensive
                                                Food is expensive
                                                Parking is expensive
                                                Insurance is expensive


                                                It just depends where you live. I knew guys in rural areas getting by fine on $9/hour.

                                                Comment

                                                • Young
                                                  Bland for life
                                                  • Nov 2004
                                                  • 10468

                                                  #25
                                                  $8.75? Is that what they are paying in Florida? I was making $22/hour straight out of college until I quit to pursue other ventures.

                                                  A one bedroom for $325? Haha I really need to get out of Boston. A one bedroom here is $650 cheapest...and thats living on the outskirts of Boston in the burbs.
                                                  ★★★

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                                                  • detoxed
                                                    vip member
                                                    • Jan 2003
                                                    • 17798

                                                    #26
                                                    Ok. Thanks for the info.

                                                    Comment

                                                    • Doctor Dre
                                                      Too lazy to set a custom title
                                                      • Jan 2001
                                                      • 51692

                                                      #27
                                                      This is why people buy old used cars ;)
                                                      Originally posted by rayadp05
                                                      I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?

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                                                      • $5 submissions
                                                        I help you SUCCEED
                                                        • Nov 2003
                                                        • 32189

                                                        #28
                                                        I don't wanna sound like Balki from Perfect Strangers but my childhood and experiences growing up in the USA truly prove that the US is the land of opportunity. My parents made minimum wage but they both worked two jobs, saved, and believed in the future. Due to this diligence and unflagging belief in making it, they were able to buy a house, several cars, and some investment property. Moreover, this story is not restricted to Filipino immigrants, I have Mexican, Russian, Armenian, and Indian friends whose parents all came with little to no money but invested their TIME, WORK, and FAITH to make it work.

                                                        It's doable, bro. You just have to BELIEVE in yourself.

                                                        Everytime I think I have run across a hurdle I can't reach or an impasse I can't resolve... I just think back to the 1 cup of rice my mom rationed to each of her siblings and the monthly flooding of their squatters' shack. Whatever problems or doubts I have instantly dissipate and I keep moving forward. Same thing for everyone. Just FOCUS on what's possible and it WILL HAPPEN!

                                                        Comment

                                                        • Sosa
                                                          In Tushy Land
                                                          • Oct 2002
                                                          • 40149

                                                          #29
                                                          alot of people don't need a 20k car...

                                                          Comment

                                                          • bringer
                                                            i have man boobies
                                                            • Jul 2003
                                                            • 13082

                                                            #30
                                                            Originally posted by GatorB
                                                            Just to let you know that a $20K car is not a fancy car. You can't get very many new cars for under $20K. Hell a fricken barebones Neon costs over $16K after you add in taxes and shit.
                                                            http://automobiles.honda.com/models/...pe&Category=LX

                                                            it even has A/C! the dx is cheap too so 20k is more than enough for a NEW car. that and the fact that you'll get atleast 200k miles out of that car before you have any major repairs.
                                                            Last edited by bringer; 09-15-2005, 09:55 PM.
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                                                            • bhutocracy
                                                              Not making A Comeback
                                                              • Dec 2001
                                                              • 10218

                                                              #31
                                                              Let me get this straight... if you earn $100 an hour you can't pay cash for a Bently = you are poor and can't live off $100 an hour?

                                                              Comment

                                                              • $5 submissions
                                                                I help you SUCCEED
                                                                • Nov 2003
                                                                • 32189

                                                                #32
                                                                Originally posted by spunky
                                                                Who in their right mind would work for 8.75?
                                                                A LOT of hard-working, appreciative, and motivated people...if given the chance.

                                                                Comment

                                                                • bdld
                                                                  $100,000
                                                                  • Dec 2001
                                                                  • 11452

                                                                  #33
                                                                  if you're earning that little, you dont even need to think about a 20k car.

                                                                  Comment

                                                                  • Kassidy
                                                                    Confirmed User
                                                                    • Jul 2003
                                                                    • 1219

                                                                    #34
                                                                    Originally posted by spunky
                                                                    Who in their right mind would work for 8.75?
                                                                    Someone without an education.


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                                                                    • lim_joe
                                                                      Confirmed User
                                                                      • Feb 2003
                                                                      • 204

                                                                      #35
                                                                      Originally posted by Alex
                                                                      Even if you make $20/hr you dont drop 20k cash on a car.
                                                                      i completely agree!
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                                                                      • chodadog
                                                                        Confirmed User
                                                                        • Apr 2002
                                                                        • 9736

                                                                        #36
                                                                        Who the fuck would spend 20k on a car when only earning 8 bucks an hour? Stupid thread.
                                                                        26 + 6 = 1

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                                                                        • Linkster
                                                                          Confirmed User
                                                                          • Feb 2003
                                                                          • 3216

                                                                          #37
                                                                          I can show you a town where most people have cars that cost way more than $20k - and off the record I happen to know that 95% of them are on welfare with only gov't income - half of them would work if they could get a job at that kind of money but the only jobs available are around $6/hr here
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                                                                          • iwantchixx
                                                                            Too lazy to set a custom title
                                                                            • Oct 2002
                                                                            • 12860

                                                                            #38
                                                                            Originally posted by KMR Stitch
                                                                            Say you make 8.75 an hr...

                                                                            You want to buy a Car for 20,000.00 Cash.
                                                                            You have to work 2400 hrs @ 8.75 an hr
                                                                            To make 21000.00
                                                                            And if you worked 40 hrs a week That would take you 60 weeks of work.. And there is only 52 weeks in a year.

                                                                            Just pointing that out to the thread that said can you live off 7.00 an hr.

                                                                            And You still need to eat right?? 1000? That is a lot of top ramin
                                                                            You don't need a car to live moron.

                                                                            Comment

                                                                            • phogirl69
                                                                              Confirmed User
                                                                              • Jul 2001
                                                                              • 3330

                                                                              #39
                                                                              Truth is that you can buy a used 91-92 Accord for around 3k to 4k and it will still last for a long time and not give you too much trouble. You won't look very cool driving it, but it will get you from point A to B which is all that matters really. You could probably buy a very nice used car for 7-8k that will run smooth and not look too shabby either.

                                                                              No one "needs" a 20k car, if they think they really do they are delusional. For someone that poor its much better to buy a used car because it doesn't depreciate in value so much. Actually a lot of people who have money buy used cars too. And they could always take the bus if they have to. You can find plenty of decent used cars for 4k or so. A 20k car is not something you "have" to have. If someone is that poor they should buy a used car or walk. Who cares, it's no big deal if they can't afford a 20k car, they don't need it anyways, it's only a car.

                                                                              Comment

                                                                              • phogirl69
                                                                                Confirmed User
                                                                                • Jul 2001
                                                                                • 3330

                                                                                #40
                                                                                It's a stupid question because it's like saying "if you make $8 an hr you have to work 20 hrs just to buy a pair of $160 designer Frankie B Jeans, how terrible!"

                                                                                But no one really "needs" a $160 pair of designer jeans, if they are hard up they can just go to Walmart and get jeans for $20 ... Same with a 20k car, it's not a necessity. People just think they need it; it's all in their head.
                                                                                Last edited by phogirl69; 09-16-2005, 02:52 AM.

                                                                                Comment

                                                                                • kosta
                                                                                  So Fucking Banned
                                                                                  • Mar 2002
                                                                                  • 441

                                                                                  #41
                                                                                  Originally posted by spunky
                                                                                  Who in their right mind would work for 8.75?
                                                                                  you ?

                                                                                  how much $/day do you get for sigwhoring ?

                                                                                  Comment

                                                                                  • phogirl69
                                                                                    Confirmed User
                                                                                    • Jul 2001
                                                                                    • 3330

                                                                                    #42
                                                                                    Also the question is not realistic because it's much better for such a person to make monthly payments. Why would someone making $8 an hr want to pay for it in cash at once?? . Just buy a nice used Civic for 7k or so and make monthly payments over a few years. Problem solved.

                                                                                    Comment

                                                                                    • killshot
                                                                                      Confirmed User
                                                                                      • Dec 2004
                                                                                      • 456

                                                                                      #43
                                                                                      I have lived on $25 a week and I have lived on $5000 a week
                                                                                      Both situations had their own unique challenges.. but I still managed to live.

                                                                                      Comment

                                                                                      • polish_aristocrat
                                                                                        Too lazy to set a custom title
                                                                                        • Jul 2002
                                                                                        • 40377

                                                                                        #44
                                                                                        Originally posted by kosta
                                                                                        you ?

                                                                                        how much $/day do you get for sigwhoring ?
                                                                                        OMGGGGGG
                                                                                        I don't use ICQ anymore.

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                                                                                        • woj
                                                                                          <&(©¿©)&>
                                                                                          • Jul 2002
                                                                                          • 47880

                                                                                          #45
                                                                                          Originally posted by kosta
                                                                                          you ?

                                                                                          how much $/day do you get for sigwhoring ?
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                                                                                          • EroticySteve
                                                                                            Confirmed User
                                                                                            • Mar 2005
                                                                                            • 4365

                                                                                            #46
                                                                                            This is the land of opportunity. Not everyone wants it. That makes it easier for me. I'm a firm believer in paying people more than what they deserve to be paid. A simple concept that works great.

                                                                                            $8.75/hour. WOW. I can't imagine how anyone could live on that.

                                                                                            When you're in corporate America for a while you lose sight on the fact that many people struggle to pay their bills.

                                                                                            No one making $8.75 per hour needs to be driving a $20k car. I had no intention of paying cash.
                                                                                            You deserve to make more money. I'll help you do that.
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                                                                                            • After Shock Media
                                                                                              It's coming look busy
                                                                                              • Mar 2001
                                                                                              • 35299

                                                                                              #47
                                                                                              Fairly simple reasoning why someone would go with the 20k car.
                                                                                              Vast majority of the average population has the spending sense of a 3 year old with 10 bucks in a candy store.

                                                                                              They have a tendancy to fall for the monthly payments and not think long term. Also often with poor or no credit car companies will only obtain new car finacing instead of issuing a loan on a used car. Reasoning is that a new car would have a better value if repoed, where a used car often would be worth less than the amount due.

                                                                                              They of course could outright buy a used car for a few k, yet people have no savings and they would rather spend 300-400 a month for 60 months than try to get a few k together all at once.

                                                                                              Hell look at how many people use rent to own furniture and electronics. 60.00 a week for a TV and so on.

                                                                                              [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

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                                                                                              • beemk
                                                                                                CLICK HERE
                                                                                                • Jan 2002
                                                                                                • 20829

                                                                                                #48
                                                                                                thats why people who make that kinda money shouldnt but 20k cars. shit i make way more $ than that and i've never spent over 10k on a car. i would rather invest it.
                                                                                                I host with Vacares

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                                                                                                • smack
                                                                                                  Push Porn Like Weight.
                                                                                                  • Mar 2002
                                                                                                  • 10652

                                                                                                  #49
                                                                                                  it's amazing how people live like that, and raise familys on combined incomes of like 60k a year.
                                                                                                  Cry havoc and let slip the dogs of war.

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                                                                                                  • phogirl69
                                                                                                    Confirmed User
                                                                                                    • Jul 2001
                                                                                                    • 3330

                                                                                                    #50
                                                                                                    Originally posted by beemk
                                                                                                    thats why people who make that kinda money shouldnt but 20k cars. shit i make way more $ than that and i've never spent over 10k on a car. i would rather invest it.
                                                                                                    I also make a lot more than that and my car was only 8k and runs perfect. It's also paid for in full so I don't have to pay anything... lol Guess I am just ghetto like that, I don't care too much about cars.
                                                                                                    Last edited by phogirl69; 09-16-2005, 04:57 PM.

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