Comment by thelastgallon
8 hours ago
Federal taxes are #1 expense for most people. People forget to think about it because of direct deduction.
8 hours ago
Federal taxes are #1 expense for most people. People forget to think about it because of direct deduction.
This isn't true. At 70k (much higher than the median income), the effective federal tax rate is under 10%. People generally spend more than 10% of their income on housing. If taxes are your number one expense you likely have a significantly larger than average income.