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Reply to "Biden tax proposals - MFJ"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]well here is your answer: https://www.cnbc.com/2021/03/18/biden-tax-plan-what-people-making-under-and-over-400000-can-expect.html "She clarified on Wednesday that the $400,000 threshold applies to families, not individuals. Consequently, individuals who make $200,000 could be affected if they are married to someone who earns that same amount, for example." This is really annoying. Why in the world does the government go after working class families. I know I will get crap for saying this but come on 400k in DC is not rich, NOR are they the problem. Two high level feds and some investment income gets you to 400k..are they really wealthy? Politicians need to get over this weird infatuation with 200k and rich. yeah maybe 20 years ago.. [b]Why don't they focus on the truly wealthy (1M indiv, 2M MFJ for example) and stop going after mid level professionals.. [/b] rant over[/quote] Because there aren't that many people with HHI up there. You have to dip lower to get more money for the gov't coffers[/quote] We have been told for years that "the rich" need to pay more. Now suddenly a family of 5 or 6 in a high COL area earning 200K is "the rich"? How about some of these folks that have been feathering their nest during the pandemic, raking it in while others were unemployed.[/quote] A family comprised of two professionals earring over 400k combined is rich. If you think you aren't rich, you are delusional [/quote]
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