[quote=AN]What about two new-ish doctors making $400k, no kids, no house, but they have $400k in student loan? That extra few grand saved in taxes can help them pay off the student loans quicker and help them save to buy their first home.
Btw, it does matter what you call them, because that is exactly how proponent of the tax increase is selling it to the masses. They don’t say increase taxes ok the upper middle class.[/quote]
Those two young doctors should still be able to save tons of money, and pay off their all their student loans in 5 or 6 years. And still pay an extra $5K of taxes. I think they’ll get by.