Quote:
Originally posted by Porsche-O-Phile
$40k-$100k HOUSEHOLD is not that much money.
Try to afford your "average" 2.2 kids, housing costs, heating/utility/grocery costs, clothing, vehicle/fuel/insurance etc. on $40k a year. Good luck.
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I'm living it everyday. Not on $40,000-but not over $100,000 either.
Also depends on where you live. My sister-in-law in Idaho and her husband are in the $60,000 and the do quite well.
Thom,
I actually did benefit fromt the tax cut. Capital gains/qualified dividends in my bracket went from 28% to 15%.
So I droped 3% in income tax and 7% in Cap. Gain/Div tax. Every little bit helps.