PS
Two quickies b4 bed…..I don’t scoff at people below a 37% tax bracket which is 28% federal and 9% state…that’s where the 37% comes in. Unless you own a home and have an interest/RE tax deduction you get there very quickly. A single person reaches the 25% federal bracket at 29K taxable income (BTW that’s new one on me, didnt realize there was a 25% bracket)A 45k job gets you there. A married couple w/ no kids is probably there at 70K gross income. These are not high incomes. I know admin assistants making 45K/year and entry level jobs for college grads at that level too.
Last year you were in a 15% marginal tax bracket. Last year you owned a home that you paid interest and taxes on which most likely put you in the 15% marginal tax bracket. I suspect you will have a very different tax situation in 2006.