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Reply to "What do you think will eventually happen (fiscal cliff)?"
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[quote=Anonymous][quote=Anonymous] I have to get annoyed that people who make over $250K in Nebraska get the same cut as those in this area. $250K is a lot of income, but it barely puts you in the "top earners" category in large metropolitan areas. Of course, if they put the limit too high, they won't get enough revenue. So, I get why it's happening, but I don't agree with it. I work part-time, so we're under that limit, but if I went back full-time we'd be over. My husband says that maybe this works for me and I'll never have to work full-time again! [/quote] Oh stop it. The people making $250K in Nebraska are not doing equivalent jobs as those making $250K in Washington DC. The point is that for 80-90% of the work force, the same jobs in metropolitan areas pay a premium and you earn more doing the same job. Jobs in metropolitan areas earn on average 25% more than the same job in rural areas (except those at the minimum wage level) and can be even a bigger premium for certain industries. For example, computer programming jobs that pay $80-100K annually in metropolitan areas often pay about $60-65k in smaller cities and lower COL areas. Back to your Nebraska example, a person making $250K in Nebraska is likely to be doing the same type of work that someone in this area is doing for like $300-350K. Additionally, you are making a choice to live in a more desirable metropolitan area and hence you are paying for that life-style with higher costs. If you want lower costs, move to the more rural areas. Would you rather live in Kansas or Washington DC? There's a premium for living in Washington DC. You make that choice and the government should not be subsidizing those who choose to live in metropolitan areas over those who choose to live in more rural areas. You can move out to Nebraska anytime you want and have that lower COL. Arguing that there should be a tax incentive to live in a metropolitan area is the the most prima donna entitled attitude you can get. [/quote]
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