I guess maybe it is semantics but I don't think and income of under 60K is affluent.
See here
https://www.fool.com/retirement/2016/10 ... ow-do.aspxYou don't need to owe 7500.00 just that the amount of taxes that needs to be paid is 7500.00 for the year.
You could have already paid 8,000.00 in normal payroll deductions
Median income that I found is
https://www.deptofnumbers.com/income/colorado/Real Median Household Income in Colorado
2016 1 Year Change 3 Year Change
US $57,617 +2.01% +7.02%
Colorado $65,685 +1.50% +8.37%
I live in Colorado so maybe I have a skewed view
here is the 2015 rates
3 Texas $55,653
24 Wisconsin $55,638
25 Nebraska $54,996
26 Iowa $54,736
27 Oregon $54,148
28 Kansas $53,906
29 South Dakota $53,017
30 Nevada $52,431
31 Maine $51,494
32 Arizona $51,492
33 Georgia (U.S. state) Georgia $51,244
34 Michigan $51,084
35 Ohio $51,075
36 Indiana $50,532
37 Missouri $50,238
38 Montana $49,509
39 Florida $49,426
40 Oklahoma $48,568
41 Idaho $48,275
42 North Carolina $47,830
43 Tennessee $47,275
44 South Carolina $47,238
45 Louisiana $45,727
46 New Mexico $45,382
47 Kentucky $45,215
48 Alabama $44,765
49 West Virginia $42,019
50 Arkansas $41,995
51 Mississippi $40,593