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RE: When having more wealth costs you money, and how to budget for it.

in Project HOPE3 years ago

Hello @fijimermaid

It is not at all simple to accept this "Don't pay taxes, I will lose my house", even this kind of situations are difficult for me to understand in its full magnitude, because beyond the policies in tax issues, I feel that there is like a kind of government disconnection with the citizens, getting a second, third or fourth job is a reality to which people turn to in order not to fall into depression. Good post.

Best regards, be well.

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It is tragic. This is one of the drawbacks of financial gentrification. For those that are living paycheck-to-paycheck, a $50 to $100 increase in taxes every month can significantly increase the probability of foreclosure. That is why it is so important to do the math and make sure you have enough room in your budget for increased taxes.

And thank you :)