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Reply to "Taxed a lot because spouse makes six figures. "
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[quote=Anonymous]Could be worse my aunt in the mid 1970s ion NY had a full time back clerk job to get out of house, the top fed tax rate hit 70 percent and NYS top tax rate 15 percent. Add in FICA and unemployment etc she was having 90 percent of paycheck withheld. She was making 9k a year and after taxes made $900 a year. My uncle made 200k a year in 1977 he actually told us so made at tax rates. That was a fortune back then. Most wives back then did not work or owned boutiques or loss leading business to get tax deduction. Was no point working. My aunt had a high school equivalency so no way getting a job paying much [/quote]
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