Interesting unverified statistic- if you earn more than $30k USD annually

[zzyzzx]

 

[tbm5690]

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The problem is most Americans' definition of comfort.

 

[John105]

The problem is most Americans' definition of comfort.

Having a vehicle which does not require hands on the wheel at all times, able to shop at Costco while working from home

 

[John105]

View attachment 286765

These numbers look reasonable. For us ordinary folks, imho we feel the difference when going from one place to another. For example, being in Phila., when we go to NYC or DC, everything feels expensive. I assume Tampa is costly as I've seen pics of their development and they won the Stanley Cup now 3X.

I think our area is relatively inexpensive. But a 3 bed condo is 1.3 mil (new). It doesn't matter if it's double in Boston, a person still has to come up with the mortgage to buy it....a couple houses I can see out the window sold for 900k and they were built 1925 (renovated). One needs a job and likely spouse as well to be able to buy these things...

 

[Dave Hess]

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What about the unaffordable care act for health insurance for the 3 kids ?

 

[Pablo]

About half of all statistics are half made up. The rest are fabricated from thin air.

 

[SC Maintenance]

What about the unaffordable care act for health insurance for the 3 kids ?

Its pretty much 100% subsidized at $30K. How do you think all these employers get away with paying people $30K. But I think a lot of that is expiring - it was part of the pandemic era spend. So we shall see.

It makes me wonder it they keep planting these grift untrue stories out there in order to try to convince people that they are so well off just for being here they should suck it up. As I show in post #58 this whole notion of being in the top 1% is total bunk.

 

[StarCaller]

I am going to go a step further, and give a simple plan for a German auto technician opening an independent German repair shop the day he arrives in the U.S. All legal except the terms of entering the US would be subject to interpretation (can a German citizen on a visitor visa to the US own 100 percent of shares in a corporation, and essentially have no employees).

Wilhelm Shaffer, a 30 year old Mercedes factory trained mechanic in Germany, comes to the US. The morning Wilhelm arrives, in a red state he:

• Opens a corporation online
• Leases a shattered auto repair facility with tools
• Gets a business license online
• Gets a resale tax number online
• Gets liability insurance online
• Opens a business checking account online

At 3pm, Wilhelm buys a big banner from a same day sign shop, along with a sign called "Wilhelm German Auto Repair". Wilhelm hangs the sign, and at 4:30pm he is open for business. This is simplified, but almost no where else in the world can a 30 year old German auto technician arrive in the US at 6am, and by 4:30pm have a business up and running, and essentially legal in most aspects, and legal to the point no government agency is going to shut Wilhelm German Auto Repair down.

A German citizen visiting the U.S. on a tourist visa (B-2) can legally own 100% of a U.S. corporation (like an LLC or C-corp). However:

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What’s Allowed:​

• Form and own a U.S. company (e.g., LLC or Corporation)
• Own 100% of shares or membership interest
• Direct business decisions from abroad or as an owner
• Hire contractors or employees (but not required)

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What’s NOT Allowed While on a Tourist Visa:​

• Work for the company while physically in the U.S.
  
  • This includes day-to-day tasks, managing operations, sales, etc.
• Be on payroll or receive a salary from the U.S. company while in the U.S.

To legally work for the company while in the U.S., the person would need a proper work visa (like an E-2 investor visa, if qualified, or an L-1 if transferring from a foreign affiliate).

---

So in your case:​

• Yes, a German on a tourist visa can legally own a U.S. company, even 100%.
• The company can be a shell or holding company with no employees, or run by contractors.
• But the visitor cannot “run” the business in the U.S. or do active work while here.

 

[Owen Lucas]

Per Greg Mankiw, "If you're a person living at the poverty line in the United States, you are wealthier than 85 percent of people in the world."

Source:
View attachment 285923

No doubt this person in poverty is overweight, has a car or some sort, at least a 40" flat screen TV, internet, iPhone, and eats our regularly.

edit. Being "poor" in the US is still better than anywhere else. No wonder everyone wants to come here, that and crime is somewhat better controlled than in many other places, especially South America.

 

[4WD]

No doubt this person in poverty is overweight, has a car or some sort, at least a 40" flat screen TV, internet, iPhone, and eats our regularly.

edit. Being "poor" in the US is still better than anywhere else. No wonder everyone wants to come here, that and crime is somewhat better controlled than in many other places, especially South America.

C’mon man - 65” - a 40” would be actually poverty stricken

 

[Owen Lucas]

C’mon man - 65” - a 40” would be actually poverty stricken

I'm still rocking a plasma screen from 20 years ago. Costco had a 55" IIRC for $200 on clearance. I could have upped my status!

 

[Owen Lucas]

No doubt this person in poverty is overweight, has a car or some sort, at least a 40" flat screen TV, internet, iPhone, and eats our regularly.

Found em: https://www.aol.com/democrats-brutally-roasted-rolling-morbidly-211600612.html

It is kind of ironic to be morbidly obese and complain about lack of food, especially for her 21 and 17 yr old kids that can support themselves. That's the point I am trying to make.

At the end of the day, in the US, if you put the effort in, you can easily get out of poverty and avoid it entirely. I know many who have done so. All it takes is WORK ETHIC.

edit: I don't want to be political do ignore that part of the URL.

 

[Sumboodie]

Median US income is around $45k... household around $75k.

Definitely can live fine on 45k.

 

[97prizm]

Heard this statistic earlier today. I am not able to verify the statistic, but found the statistic very thought provoking and gives another view on perspective:

If you earn over $30k USD annually, you are in the top one percent of the world's earners......

Not in Colorado. You need to make 100k per year in northern Colorado to qualify for a home. It bumps up to 171k per year for the Denver metro area.