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Honored Contributor
Posts: 8,721
Registered: ‎03-09-2010

Re: California Middle Class Tax Refund

So, a combined household income of less that $500,000. is considered "middle class"?

Esteemed Contributor
Posts: 5,301
Registered: ‎06-15-2015

Re: California Middle Class Tax Refund


@Citrine1 wrote:

So, a combined household income of less that $500,000. is considered "middle class"?

 

 

@Citrine1 

 

In my world you could knock off 1 of the zeros, and it would still be above middle class.  With that many zeros, around here you might be in the upper 5%.

 

hckynut 🇺🇸

hckynut(john)
Esteemed Contributor
Posts: 6,900
Registered: ‎10-19-2012

Re: California Middle Class Tax Refund

It is for combined gross income.  I have lived in California my whole life.  The cost of living is expensive.  Any rinky dink studio or one bedroom apartment starts between $1,000 to $1,300 a month and I am being modest with that price.  Some apartments/houses are even more expensive depending in which area you live.  Uncle Sam also takes a good chunk of my salary for taxes.  So I gladly welcome any tax refunds that the state has to offer.Smiley Happy

Respected Contributor
Posts: 3,640
Registered: ‎05-21-2010

Re: California Middle Class Tax Refund


@hckynutjohn wrote:

@50Mickey wrote:

I just read that California has a $49 billion surplus and that is why they are returning money to the taxpayers. 

 

 

@50Mickey 

 

Highest income tax of the 50 at 13.3%, then throw in maybe county and city. With that kind of surplus one would think!

 

hckynut  

@hckynutjohn  

 

One would think what? Sorry I don't understand your post.