New Median Income Number Effecctive Nov. 15, 2013

The new median income number from the IRS are set to go into effect November 15, 2013. These numbers are more important now that the 9th Cir has ruled that above median income debtors in chapter 13 must propose a 5 year plan or pay 100%.

Odd thing is the median income for a household (HH) of 1-3 has increased, but the median for a HH of four and higher has decreased. I guess it means that those with kids did worse in the current economy.

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