Barbara Comstock: $250K 'Is Not Rich'
State Delegate and Deputy Permanent Co-chair of the Republican National Convention speaks to high cost of living locally in Northern Virginia.
Is a quarter-million dollar salary enough to support a family of four in Northern Virginia?
According to Virginia Del. Barbara Comstock, someone who earns $250,000 annually has to "work hard to make ends meet because we have such a high cost of living."
She added, "That's not rich in our area."
Patch sat down with Comstock at the Republican National Convention in Tampa this week.
A longer version of the interview was published earlier Thursday afternoon.
There's no denying that real estate in McLean, Tysons Corner and Vienna is some of the most expensive in the metro region. So do you agree with Comstock?
Join the conversation, and tell us in the comments below.
LH
3:04 pm on Thursday, August 30, 2012
She sounds like she might be *slightly* out of touch as to what "make ends meet" actually means. It doesn't involve "paying for piano lessons" or soccer or any of the other things she mentions (or perhaps not being able to afford a brand new iPad when it comes out???)... These are all extra expenses someone *chooses* to incur and they are most definitely *not* necessary. Sometimes Northern VA astounds me.
Jaime Pizarro
2:12 pm on Sunday, December 2, 2012
We make 250K and yes, it would be enought to live confortably if it wasn't for the fact that 2 of my daughters (with 2 college degrees ea) cannot find jobs & they are deeply in college debt... it it wasnt for our contributions for housing & other expenses they couldn' make it! So if you happen to be the kind of parents that care, 250 it is not much! The degrees that my daughters chose where once the future but all those jobs where sent to India; so, no... they didn't chose degrees in basket weaver. At the bottom of this mess is a goverment that cannot live with what they receive in taxes! They should be penalized for what's goin on. No one seems to notice that the USA is in a major and faster decadence of all past empires. The dollar doesn't worth shit anywhere except Asia just because they keep their currencies lower institutionally. Just try going to Europe, Brazil or Chile to name a few places... the dollar has gone down more than 50% in the last 10 years! And the U.S. Goverment keep printing money just to pay the more than 3 billion a day in interest rate. In the 70s when i arrived to this country just about everything was made in the USA; today our major export is... dollars bills! This country needs a third party; a party that wants to keep the USA as at least good intentioned world power. When China becomes what we once where the rest of the world, even those countries that today hates us are going to look back and miss the gentle giant.
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El
3:33 pm on Thursday, August 30, 2012
Work hard in this area to make ends meet on $250,000! and it's not enough? This woman is insensitive. She is the type who gives us Republicans a bad name. Most of us live within our means, don't buy the expensive extras, don't aspire to keep up with the Joneses. We are satisfied with what we have, and sometimes we have enough to share. We do work in our communities. What in the world is she thinking? She needs a reality check. Is she a "1%er". Get a grip, woman.
Larisa
4:18 pm on Thursday, August 30, 2012
If 250K is not rich, I am at poverty level. What a ding bat
Sara
4:49 pm on Thursday, August 30, 2012
Jeez.... That is a really harsh comment (above). In this area, 250K does not get you the same lifestyle it would get you elsewhere. I think that is the point the article is trying to make. On 250K elsewhere, you could live in a big house with land, afford to send your kids to private school, go out to eat, participate in lots of activities. That same money just does not go as far here, on 250K here you have to budget and make good financial choices. A lifestyle on 250K here is middle class, not upper. Especially supporting 3 other living beings who need to eat, go to school, wear clothes, etc. It's not about keeping up with the Jones' it's about the type of lifestyle here vs. elsewhere. Unfortunately, many common jobs in this area with those types of salaries don't exist elsewhere where the cost of living is less.
Catherine
5:04 pm on Thursday, August 30, 2012
You are the dingbats. Why do you think people move to NOVA - to slog on our highways and pay high prices for housing? NO - we move here because of the things we can offer our kids - piano lessons and camp aren't a necessity, but they are a pleasure that people want to give to their family. And I shouldn't have to pay for someone else's family to get the many free services this county and federal government provide at the expense of denying my family cultural improvements like piano lessons. This isn't Somalia where families are dying of starvation. This isn't North Korea where families live in shacks. This is NOVA - and people move here and live here knowing that the cost of living is high. And that is a fact. It costs a hell of a lot to buy a house, run your car, buy groceries - and for those of us working our butts off to pay hefty taxes, yes - to pay for the pleasures like camp etc... that make our families happy. So get a grip posters.
Larisa
6:42 pm on Thursday, August 30, 2012
Very nice compassion. Glad to know you feel this area should only be for wealthy people. That only those with means deserve to live in a cultural area. Thanks for cementing the clichés about the republican party for me
W. R. Knight
7:01 pm on Friday, August 31, 2012
Catherine, you can get piano lessons, camps for kids and groceries anywhere in the country. It's really hard to see how these things are going to create a financial hardship for someone bringing in $250K, even here in McLean, and if it does, you need to talk to a financial advisor.
Now, if you moved to McLean or Great Falls and purchased a house with a mortgage beyond your income, then I can see how the piano lessons and summer camp might be a problem. But you didn't have to do that. There are many homes in Fairfax County that are priced at or under $700K. (Believe it or not, all of Fairfax County really is part of NOVA.) With 10% down, that would saddle you with a mortgage of $630K which is only 1/4 of your $250K gross income and which would leave you with plenty of money left over for piano lessons and summer camp.
So I will repeat what I said before and that is that whether or not $250K is enough income (even in Northern Virginia) depends entirely on the lifestyle you chose to live.
Stacy
5:09 pm on Thursday, August 30, 2012
This is definitely a high cost of living region. Without a doubt! And, sure, $250K is not "rich" by many standards but it is most certainly enough for a family to live on and I know many families who live on MUCH less than that and are doing just fine.
I get what she is saying, but she is quite a bit out of touch.
There are middle class people living all throughout this region who raise families on much less than $250K a year because they live within their means. These families are not purchasing a million dollar home in McLean. They rent a townhouse in Centreville. And, they are not driving a 5-series BMW but rather a Honda Civic. They don't send their children to expensive piano lessons. They take them up to the neighborhood gym for youth basketball programs.
These are normal, everyday - "middle class" people who I feel she sounds somewhat out of touch with.
LH
5:11 pm on Thursday, August 30, 2012
Very compassionate, Catherine. Nobody is suffering to make ends meet at 250k in the US, I don't care where you live.
Jake
5:17 pm on Thursday, August 30, 2012
Comstock is way out of touch. First of all, the only high-cost aspect of living in NOVA is housing. After that, daily recurring costs are about the same as everywhere: gas, groceries, utilities. Now those equestrian riding lessons, private schools (what a waste when we have some of the best public schools in the country), etc., will set you back a little. But if you can't make ends meet on $250K you might want to consider getting some financial counseling - from a 6th grader. Comstock travels in well-heeled circles and has no idea what she is talking about. She only represents have of her district. The other half she completely ignores.
Locally Involved
6:20 pm on Thursday, August 30, 2012
If $250k is not rich, why then support increased tax burden on those that make less while not doing so for the rich? Sorry, but if you're not in the top income brackets, eliminating capital gains (as is proposed by the GOP) isn't helping the $250k or under. 1-2% increase in tax rate for $250k and greater has a lot less an impact than upon a $50k teacher's salary (median salary U.S.). If a 1-2% increase in the tax rate negatively impacts HH making over $250k, well, then, you've got other problems.
Ms. Comstock does not speak for many of her constituents. She is certainly either out of touch or bearing false witness.
Steve L
7:24 pm on Thursday, August 30, 2012
That is one crazy lady.
ponygirl
7:33 pm on Thursday, August 30, 2012
may i interject a simple thought? there are many, many levels of housing prices in nova. the one LIVING/MOVING here is responsible for making a wise choice. THAT choice will determine whether a $250K income is enough.
Fluffoo
7:51 pm on Thursday, August 30, 2012
I live in Calfornia, about fifty miles north of San Francisco. Cost of living is high here too, but I"ll join most of the posters here by saying this chick is waaaay outta touch. I keep me and my two kids happy on about $35K a year and while we're slightly below the poverty line, we live better than some others in our area. Ms Comstock needs to wake up and get some financial education. Romney comes from the same ilk and I am afraid.
Java Master
11:14 pm on Thursday, August 30, 2012
Comstock is a typical, out of touch, Republican wacko. She is as out of touch with ordinary Americans as is the President. neither ofthem care much for the working classes and the middle class of our society. Both are too busy congratulating themselves and their friends for being part of the "meritocracy. A pox on both their houses.
W. R. Knight
7:21 pm on Friday, August 31, 2012
Java Master - Don't let your cynicism prevent you from voting. It's the only say you have that really counts. (And this time, it's really going to count.)
And when you vote, be sure you know which is the lesser of the evils and don't throw your vote away on a third party candidate who is guaranteed to lose.
Christiane Lourenco
7:29 am on Friday, August 31, 2012
I'm an embarrassed Republican...we are a dual income family living in McLean (no, not a million dollar home...but rather an older remodeled home bought as a foreclosure in the late nineties). I consider myself to be middle class McLean....we don't own any luxury cars and we very rarely go out to eat and when we do it's not to fancy restaurants. We don't own any iPads, etc. We live on a budget. Do we make a combined $250K - NO! Can we still offer a few luxuries to our kids? Yes, of course they do enjoy sports and other recreational activities and we do have vacations, but all because we BUDGET our money. We buy clothes at Target but with birthday money/chore money they get to shop at Abercombie & Fitch, etc. We frequent consignment/yard sales and I discovered Freecycle where my daughter actually got a bag full of books for free, which included a whole set of American Girl doll books! When she wanted an American Girl doll I went to eBay and got her TWO for the price of one! Gently used, but as I told her, do you want 1 or 2? Do you think a doll made in China is worth $100? Also, I would venture to say that if you are speaking of NOVA as a whole, then $250K would be upper-class and NOT middle-class.
Fred's View
8:22 am on Friday, August 31, 2012
Well, well, well... aren't we a sanctimonious bunch? The fact is that 75% of people who make over $250k a year are small businesses who pay their taxes as individuals. These are the people creating 2/3 of the new jobs that will keep NOVA moving forward and provide a future for our kids. Both Obama and Gerry Connolly agree that we shouldn't raise taxes on anyone in a fragile economy. Delegate Comstock knows the NOVA machine is driven by the success of our local businesses. These small business people are the ones saying that 250K isn't rich and they are correct. Because when you take out ALL the taxes, your mortgage payment, car payment etc... it isn't enough to make ends meet. So everyone should get off their high horses and stop being so judgemental. Who knows what the PATCH editors failed to include in the edited clip that would have put this clip into context.
alex
8:45 am on Friday, August 31, 2012
Practice some fiscal responsibility and scrap luxuries such as car payments, and we'll talk. Nothing you say makes any sense.
HardHatMommy
8:40 am on Friday, August 31, 2012
$250k where I grew up in central Virginia might be "rich". But in Northern Virginia it is nothing of the sort. There was a recent movement by Democrats to create subsidized housing close to the beltway in Tyson's for those with low incomes. What was their defonition of low income? I'm pretty sure it was $100k. That would be rich in some parts if the country.
I'm in a 60 year old fixer upper house with 2 vehicles that have over 200,000 miles and 4 college educations to pay for one day ... We haven't been able to begin saving for college. If we were closer to $250k we might be able to at least start saving for something. Or if we chose to commute from PW Co or Spotsy, we would be in good shape. But we wanted time with our kids so we cut the commutes and moved towards the beltway. Our choice of residence means we make the same dough but can't do as much wih it. Comstock is spot on.
alex
8:45 am on Friday, August 31, 2012
Just how aloof is this woman? The stupidity is mind-boggling as well.
HardHatMommy
8:47 am on Friday, August 31, 2012
Fred is right. In my industry all but a few of the companies across the country performing construction services and building America are S corps. They pay taxes at the personal rate. First of all any business making less than $250k is itsy bitsy or it is one step from NOT making payroll. The thought of these businesses getting hit with higher taxes is sick. They either pass it to the consumer, don't make a planned capital investment or they let go of workers. If the energy spent trying to put obstacles in the way of the successful individuals and businesses who drive the economy was spent on trying to incentivize more people to take risks and gain wealth, our economy would be back on track by now.
alex
8:51 am on Friday, August 31, 2012
Your logic is flawed. It pains me to see people talking like they know anything about public finance or economics
G'Ma
11:18 am on Friday, August 31, 2012
This is true. Small corporations would be adversely affected. Corporations pay income tax on profits retained. And $250K profit is pretty small for a corporation that has employees and needs cashflow. Really small businesses could be adversely affected by a tax increase -- it's true. I'm not a Republican, but I do believe we need to consider our small businesses and protect them. Increase taxes on really rich people, sure, but don't destroy small businesses at the same time!
Jake
5:27 pm on Friday, August 31, 2012
Do you realize that the $250K we are talking about is profit. As a small business filing at the personal rate, you deduct your costs (such as payroll, materials, etc.) first. Then, once you have deducted your costs, if you have $250K remaining to put into the bank, then you would be hit with higher taxes. Most likely, a small business making a profit of $250K is bringing in millions of dollars in revenue.
anne gruner
9:05 am on Friday, August 31, 2012
Those of you making these comments must not have small businesses. If you did, you would know that the majority of us pay our business taxes at the personal
tax rate. So raising taxes on those over $250,000 is going to kill small businesses who have a small profit margin to begin with. And guess what, small businesses create two thirds of new jobs, jobs that could employ your kids. That is why President Obama himself did not support
raising taxes on those over $250k in a fragile economy. He only changed from this position when he adopted
class warfare as a campaign theme. Gerry Connolly in 2010 also did not support increasing taxes on those over $150k because of harm it would do to small
businesses. When you have a small business and are trying to pay your employees, $250,000 is Not very much. That was delegate comstocks point if you listen to what she says and not take things out of context.
Dave
12:34 pm on Friday, August 31, 2012
We own a small business. Raising taxes on incomes over 250K does not mean gross income but taxing income after expenses over 250k. I'm fine with that. Eliminating capital gains taxes is grossly unfair to most every one in the middle class. How about reducing taxes on 401K income to current capital gains rates instead of taxing it as ordinary income?
Jake
5:32 pm on Friday, August 31, 2012
I think you are talking about revenues of $250K, not profits. If you are a small business, you deduct your payroll (and other) costs from your revenue. Then if you have $250K in profits, you would be affected.
I operate a small business in NOVA and if my profits were anywhere near $250K I'd be doing a dance and happily paying more taxes. As it is, my wife and I together are at around $150K and we are quire comfortable in McLean in our modest home. And we are constantly adding to our savings and retirement accounts. If you're not living large on $250K, you might want to relook at your finances.
W. R. Knight
8:44 pm on Friday, August 31, 2012
First of all, the increased taxes on incomes over $250K apply only to your profit. That is after you paid your employees, their benefits, your supplies and all other business expenses. That $250K is free and clear profit (except for income taxes) for you to spend however you like. If you want to reinvest some of that $250K into building your buisiness, that investment is tax DEDUCTIBLE.
Second, the marginal tax rate increase on $250K net taxable income will rise from 33% to 36%. That's a 3% rise (on the marginal, taxable income above $250K. 3% rise in the tax on marginal taxable income above $250K will not apply to your employees' wages or benefits and is not a business killer. I recall when the Bush tax cuts went into effect that the tax savings enabled me to purchase another case of beer.
Denise
8:55 pm on Friday, August 31, 2012
Anne, the kids don't need these jobs; those of us in our 40 - 50 yrs. old range begain losing our jobs in 2007. This had nothing to do with Pres. Obama. Small business began starting salaries at $7/hr in the McLean area in October 2008 when I moved back here after losing my house to loss of job and therefore income!! I went from $44,000 a year to $8,000 in 2008. President Obama was not in the oval office. You talk about redistribution of money, well , I don't want to raise your taxes; but I will not pay more, so that you can create less.
Louise Epstein
9:25 am on Friday, August 31, 2012
This edited clip relates to a larger discussion about competing federal income tax proposals. It's a shame the Patch didn't provide that context, to encourage more substantive discussions. For the record, in fact, a substantial number of Democrats in Congress have expressed ambivalence about increasing tax rates on people who earned more than $250,000
There is broad consensus that the US can't run huge deficits indefinitely. There is substantial consensus to simplify the tax code, which means eliminating or paring back on some disguised spending programs hidden in the tax code and then deciding openly whether to continue spending that money directly. Raising marginal tax rates on a tax base full of holes is not the best approach, even though it makes for good sound bites.
Dave Webster
10:30 am on Friday, August 31, 2012
The question is "Are people who earn more than $250,000 a year so much better off than the rest of us that they should be subject to a higher tax rate on the theory that they are 'rich'." The answer is clearly "No."
W. R. Knight
10:42 am on Saturday, September 1, 2012
Are you trying to tell me that someone earning $250K is no better off than someone earning $40K? What planet are you from?
W. R. Knight
10:34 am on Friday, August 31, 2012
The answer to the question depends entirely on the lifestyle you wish to lead. If you wish to lead the lifestyle of the top 5% of all Americans, then $250K is just about right for the McLean, Tysons, and Great Falls part of Northern Virginia. If you wish to lead the lifestyle of the 1%, then $250K is not nearly enough. But if you can settle for the lifestyle of the majority of Americans, then you can get by with less than a third that amount. But you you can't live in McLean and Great Falls. (You also can't live in a Manhattan penthouse.)
Barbara Comstock's problem is that she likes the lifestyle of the 1% and for her, no amount of income is ever enough. And unfortunately, many people in McLean and Great Falls share that view.
W. R. Knight
Morgan
12:11 pm on Friday, August 31, 2012
How did this lady EVER get elected??
W. R. Knight
6:17 pm on Friday, August 31, 2012
Look very carefully at the map of her district. If you are unfamiliar with her district, I suggest you take a drive around the neighborhoods. (Notice in particular that places like Arlington, Falls Church, most of Vienna and everything south of Rte 7 are NOT in her district.) Then, you tell me how she got elected.
Democrat's Viewpoint
12:51 pm on Friday, August 31, 2012
Rich is relative. To most of the world, $250k would be considered rich. If you live in McLean (or other simarly expensive place) then you likely live a lifestyle equivalent to solidly middle income families of places like Richmond or Roanoke who are making half of that much. But compared to large portions of the world who live in poverty, even the lower middle class Americans would be considered rich. Bottom line, $250k in McLean is not rich and you are not living like a rock star in relation to the rest of America.
anne gruner
4:43 pm on Friday, August 31, 2012
I agree with the Democrat Viewpoint above that it depends on where you live. A two-income earner family in Manhattan, or McLean, making $250,000 is not as "rich" as the same family making that amount in Kansas. The 2% of Americans who make over $250,000 are concentrated on the east and west coasts, in the high-cost-of-living urban areas, which are also where the higher income jobs are. I'm sure those families, regardless of their geographical area, don't think they should be lumped in with the "millionaires and billionaires" for the purposes of taxation, which was the context of this discussion. Moreover, raising their already higher tax rates through the expiration of the Bush tax cuts will have little effect on reducing the deficit. And at some point--experts argue over where this point is--increased tax rates (not just from Bush's cuts, but all the others being propose or about to go into effect) will diminish jobs and economic growth and ironically result in reduced tax revenue. (Virginia increased its tax revenue over 5% without increasing taxes.) We need to grow our way out of this deficit. Punishing the "rich," as some seem to want to do, is not the way to go about it. Tax reform is desperately needed in my opinion.
Denise
9:11 pm on Friday, August 31, 2012
Anne, it wasn't until 2008(April), after I had been unemployed for eight months, that I realized it was the "powers that be" who ruined my country.
I was unemployed and couldn't get jobs that I was use to getting. And more and more news came out about the "powers that be"...
God will take of the greedy...
Denise
7:46 pm on Friday, August 31, 2012
I am 57 yrs. old and my mother is 79; we both grew up in McLean, near the intersection of Old Dominion Dr. and Springhill Road. My father's people have been on Bellview Road since 1862. Daddy passed away in 2000. Those of us remaining on the Bellview Road property don't make any where near $250 thousand/yr. If we did, we would be as well off as Ms. Comstock. An annual income of $250,000 would have kept most of my relatives from selling their property over the last thirty years. If $250,000 per year is too poor for you to live in McLean, I'm truly sorry you didn't try the McLean Commons Apt., I believe they were built when I was going to Langley, 1971?
Louise Epstein
8:16 am on Saturday, September 1, 2012
Getting rid of some holes in our Swiss cheese mess of a tax code is the best way to start reforming the tax code and raising additional federal income tax revenue.
Just raising top marginal income tax rates will cause more people to engage in "tax planning." That means that two households with comparable disposable incomes will pay substantially different amounts of federal income tax. If more people change their behavior to take advantage of tax loopholes, the US might even end up with less tax revenue overall, despite higher marginal tax rates.
J. Jay Volkert
11:10 am on Monday, September 3, 2012
Ms. Comstock never misses a chance to show that all of her interests and focus are on finding ways to help the super rich get more at the expense of the middle class. The response to her statements at the convention illustrate she is out of touch with just about everyone except maybe the top .01 %.
Rob Jackson
10:45 am on Sunday, September 9, 2012
Mr Volkert, stop trying to impose your moral views on the rest of us. If you want more big government, take out your checkbook. Stop trying to make choices for others. Their money doesn't belong to you.
Ivy Main
10:15 am on Sunday, September 9, 2012
Ms. Comstock's statement is understandable to those of us in McLean but also a kind of insidious pandering to our desire to believe we are struggling merely because it's expensive to have everything we want. More of concern, though, is that at the root of her comment is an attitude that no one should have to take responsibility for funding government unless they have cash to burn (who would that be?). But funding government is not optional, and the question is how to share the burden. No one--not Paul Ryan, not Fox News--can balance the budget without tax increases and/or the kind of cuts to the military, social security and medicare that no one has even proposed. If people whose taxable incomes exceed $250K believe they still aren't "rich" enough to be asked to pay more in taxes, who should be? If the answer is "no one," then you just aren't being serious. And this is a serious topic, so it's painful to see this kind of pandering to the I-got-mine mentality of the unserious.
Rob Jackson
10:33 am on Sunday, September 9, 2012
Obama's proposal is designed to nail the successful, while protecting the uber-rich. It taxes the first $10 K over 250 K at the same rate as Mark Warner's, Warren Buffet's and George Soros' last $10 K. But then Democrats always protect those at the very top, while trying to appear "progressive." What hypocrites!
I also find it ironic how Democrats scream "choice, choice, choice" on some issues, but take the opposite position with respect to other people's money. If you want more government revenue, take out your own checkbooks. Respect the choice of others to keep more of the money they earn.
rede
6:51 am on Wednesday, November 28, 2012
This might be a hard concept for some of you to grasp, but people have obligations to help the rest of society. You can't just do whatever you want.
Carol Lewis
8:40 am on Wednesday, November 28, 2012
There are so many people that would love to buy the problems of living on a $250 K income. And there are people starving in this country. No, it's not Somalia but people are starving.