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Originally Posted by JeanieK The president claims his tax breaks will help the upper middle class. Those in the $100,000 to $200,000 income bracket. Well if $200,000 annual income is middle class then I am definitely poor. I always thought we were middle class. |
It's about time... first $100,000 a year for a family of 4 or 5 in the NJ, NY area is nothing. Housing costs around here are out of control (in my area homes start at $500,000 (2 bedroom, 1 bath, small cape) and just go up from their. RE taxes start around $10,000 a year, plus we pay state taxes. By the time all is said and done you are just making ends meet. Then it's time for your tax return and either you are over (just) the limit or your deductions are limited. I am sorry but I think it should be fair across the board not being penalized becuase of the area of the country you live in. Both parents work to make ends meet and you are penalized for that too.
Ok feel free to bash me now.