re: #132 sattv4u2
And as Researchok pointed out upthread, making 250K + (as a couple)in rural Oklahoma is a lot different than making it in NYC
So how do we level the field?
The only way you level the field is through a more complicated tax code.
For instance, if you own a home in Oklahoma, chances are it did not cost as much as the guy in NYC, so his mortgage deduction is going to be much higher enabling him to take home more of his income.
While I do think $250k is the good life in Cincinnati, I’m not convinced $250k is middle class in NYC. SOmeone who thinks this is a real issue will need to provide some stats on cost of living comparisons between places like LA, NYC, Norman, Ok. and Cinci.