[quote=Huckleberry]Agreed. Obama (and cronies) are setting the new “higher taxation threshold” at $200K for single filers, meaning if you make less than that you are considered middle to low income.
At $200K ($250K married) and above you can consider yourself as just squeezing into the lowest tier of the high income group.[/quote]
As it should be. I’ve always considered these figures to be about right (as to identifying lower MC/MC/upper MC).
The reasons we’ve seen so many HH’s with $100K – $200K annual income in recent years live like they’re making $300K to $500K yr is due to loose credit and living off “manufactured home equity” that has since dissipated into thin air (a byproduct of “loose credit”).
If the $100K – $200K HH income group are deriving all their income from W-2 wages and are supporting 2+ children, they’re likely just eeking by in SD County, often due to the housing choices they made. In less-expensive housing markets of the country, most of these families are actually able to save for college and retirement.
