"This was introduced in the early 1970s when food and especially oil prices were quite volatile, and the Fed wanted an index that was less subject to short term shocks. However, on January 25, 2012, the Fed announced they would stop using the core CPI"
Core inflation is most often calculated by taking the Consumer Price Index (CPI) and excluding certain items from the index, usually energy and food products. Other methods of calculation include the outliers method, which removes the products that have had the largest price changes. Core inflation is thought to be an indicator of underlying long-term inflation.
Monthly income $8000+
401k: $2000
Medical, dental insurance premium:$500
State Tax: $400
Social Security: $500
Flex spending: $200
Federal Tax: $1500
Total Deduction:$5100
Take home: $3000 month
My property tax: $9000/year, $750 per month.
Gas: $400 month
Phone, internet, cable: $200 month
Is it easy to live in US by yearly income of $100,000?
It is not easy to save, although I saved much more than I worked in Beijing in 1980's. I made 80 RMB in 1982 in Beijing. I spent 40 RMB on myself for food, 10 RMB for monthly bus/subway pass, other spending 5 RMB. I saved 25 RMB, which was equal to $20 USD at the time. No direct cost for tax, medical cost.... at the time.