02-06-2023, 04:28 PM
Something people never think about is state and federal taxes. Someone can be making a high salary but live in a high cost area with high state income taxes. Thus, become paycheck to paycheck, with or without a degree. A high salary in one state is not equal to a high salary in another state. Context is vital. Unfortunately, governments have not taken into account certain high cost of living states, talking to you California and New York.


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