The Daily Pulse:

"Just Good Old Middle Class" on $250,000 a Year

This story (from by way of The Wall Street Journal) about the looming financial hardships for Sevierville surgeon Donald Parnell Jr. and his wife Ellen--who may face higher taxes under President Obama's new tax plan--has been getting a lot of feedback on local online forums.

From the story:

Ellen Parnell and her husband, Donald Parnell Jr., seem like the kind of well-off couple President Barack Obama has in mind when he suggests raising taxes on families earning more than $250,000 a year. A surgeon at Fort Sanders Sevier Medical Center in Sevierville, Tenn., he drives an Infiniti. They vacation at a beach resort every year.

Yet, right now he is working seven days a week. The car is more than a decade old, the vacation home in Sandestin, Fla., comes at a moderate weekly rate because members of Ms. Parnell's extended family own it. Her family of five would like more room than they have in their 2,500-square-foot home, yet they can't afford anything larger. The downturn has them skittish about paying for renovations.

"I'm not complaining, but the reality is Obama may call me wealthy, but I thought we were just good old middle class," says Ms. Parnell. "Our needs are being met, but we don't have a load of cash to cover wants."

The consensus among local commenters seems to be: Quit your bellyaching. 

Comments » 1

  • January 17, 2010
  • 8:22 AM
great_Sage writes:

yeah, $250k a year really isn't that much money, when you take into consideration all the expenses.But, ya, know, no matter how much you make, it seems you always live just above your means. I say he's a good candidate for the tax. A lot of people, millions and millions and millions (to paraphrase the late Carl Sagan) live and a whole lot less.

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