What annual income does it take for a family of four to live comfortably in the U.S.? The gap between states is as high as $120,000

Found a piece of information: For a four-member family in the United States to live comfortably (defined as: 50% of income covers basic expenses, 30% is available for discretionary spending, and the remaining 20% can be saved or used for pensions, etc.), the required annual income varies by state:

The highest is in Massachusetts, requiring at least $300,000.

The lowest is in Mississippi, only needing $178,000.

America is a country with high tax rates. Personal income tax is divided into seven tiers, with lower tax rates for lower incomes and higher tax rates for higher incomes. The tax rate for earnings between $0-$10,275 is 10%, between $10,276-$41,775 is 12%, and between $41,776-$89,075 is 22%.

The "comfortable living" standard mentioned in the data does not specify whether it refers to pre-tax or post-tax income. If it refers to pre-tax income, it would not meet the "comfortable living" standard.

Original article: https://www.toutiao.com/article/1831172904164352/

Disclaimer: This article solely represents the author's personal views.