Quote:
Originally Posted by CtrlF4
How so? Financially I'm considered middle class. I mean, I'm not rich. I don't live check to check though. Check to other check, maybe. Lol
I also have a dependent though. Self employment takes a bigger tax hit than actual jobs. I have an actual job/career.
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It's a relative thing. You could be making 50k with 3 kids and be considered lower class because of the amount of money it costs to support them. The cost of living in your state also plays a role. I don't know whether you're single or married, but the fortunate thing is you could get child support and not get taxed for it. Unfortunately there aren't any tax credits for people who aren't getting child support. However, it's the wealthy people who end up taking the biggest hits on their returns