Lindy, what you're suggesting to me is that it would be better to scale federal income taxes based on local cost of living.
I can pine over the costs in my own hometown too. I can get a house there for the same cost of a tiny condo in an affordable Toronto neighbourhood.
Regardless, the U.S. has a highly urbanized population (over 80%, compared to the global average of about 50%). This means that most Americans need to pay the higher cost of living of urban areas vs. rural areas.
How would you go about these facts in light of the discussion? How could you do something without making the system more complicated?
---------- Post added at 07:35 PM ---------- Previous post was at 07:33 PM ----------
Quote:
Originally Posted by Lindy
The model assumed a married couple filing jointly with two dependent children in school, as a household. Three or four people "living together" is not a household, according to the feds. Minors can make up to a certain amount with no federal income tax withheld or due.
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So a married couple considered as making $50K is more or less an approximation suggesting a husband making $25K and a wife making $25K (a simple average). How does this stack up to your individual teacher's salaries?