Originally Posted by southparkcpa
WRONG...... AGI is the final number on page 1 of your tax return and is before deductions like mortgage , taxes etc... but is after any 401K.
Extra 2 percent??? The rate is set to go from 35 to 39. AND for many, there is a 3.8 medicare surtax.
I see your point..but your terminology is wrong.
Realistically...a family of 4 or 5, in NY/NJ/VA etc..250K is NOT a lot of money.
Thanks for the corrections. I also agree that 250k is not a huge amount of money but again, it's the money over that amount you're going to pay on. Lots of people are acting like they're going to pay on that first 250k. Again, not saying it's right or wrong, just saying... we need to agree on what's being proposed.