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Rich (Now with the Upper Middle Class) Rich (Now with the Upper Middle Class)

02-01-2011 , 05:07 PM
Quote:
Originally Posted by mathspazz
Uh, yeah, you aren't really getting the point here. He wouldn't HAVE the 260K without SPENDING the 200K. This isn't what is meant when it is said that someone 'makes' 250K.
Yea, I got the point fine. There were posters itt who said repeatedly that there was no way someone making 250K a year could not be called rich. I just gave an example.
I would say someone making 250K yearly could be called wealthy if that 250K was adjusted for the cost of making it.

But anyway, someone once said that you cannot enrich someone by making someone else poorer, and I believe that to be true.
02-01-2011 , 05:11 PM
No, you didnt just give an example. You gave an example a person who didnt make 250k who isnt rich.
02-01-2011 , 05:23 PM
This is what I said:

Quote:
Uh, yeah, you aren't really getting the point here. He wouldn't HAVE the 260K without SPENDING the 200K. This isn't what is meant when it is said that someone 'makes' 250K.
Then, this is what you said:

Quote:
Yea, I got the point fine. There were posters itt who said repeatedly that there was no way someone making 250K a year could not be called rich. I just gave an example.
So, no, I don't think you get it.

Quote:
But anyway, someone once said that you cannot enrich someone by making someone else poorer...
Cecil Newton?
02-01-2011 , 05:30 PM
William Boetcker

Last edited by CRUDEFINDER; 02-01-2011 at 05:31 PM. Reason: and he made it, he just didn't get to keep it all
02-01-2011 , 06:17 PM
Quote:
Originally Posted by FlyWf
You guys don't understand the tax system and you think liberals are making it up or whatever when we try to explain it to you.
Claiming to be a scholar of the 50,000+ page tax code and all applications and variations ("the tax system"). I call BS.


Quote:
Really, the same thing happened with Obamacare, happens with global warming, evolution, etc...
Lol, I believe it is called climate change... it is not warming (too complicated for you I guess).

Quote:
Really the defining feature of modern American politics is conservatives being angry at the world for being too complicated.
The most ridiculous, prejudice thing typed in two+two, to date.
02-01-2011 , 07:12 PM
Quote:
Originally Posted by CRUDEFINDER
he made it, he just didn't get to keep it all
See below.


Quote:
Originally Posted by Phone Booth
Income = Revenue - Expense. Business owners don't pay income tax on revenue, or even on gross profit. No one whose gross profit is 250K would be considered to have made 250K, not accountants, not IRS, not his friends or wife.

http://en.wikipedia.org/wiki/Gross_profit
Quote:
Originally Posted by thutter
Oh, but they do. Have you heard of the gross receipts tax or in some places it is called the business license tax? You can lose money and still owe this tax as a business owner. It is usually levied at the lowest level of government - the locality.
See bolded.

The whole discussion started from whether a family with 250,000 in taxable income (by IRS standards) is rich. None of what you guys are talking about is considered income.
02-01-2011 , 07:42 PM
Lolz.. no wonder we can't agree on who qualifies as rich, we can't even calculate income properly in basic situations.
02-01-2011 , 08:14 PM
"You made 1k in poker? Yes, but how much did you LOSE?"

Crudefinder's that guy.
02-01-2011 , 08:16 PM
Quote:
Originally Posted by iNeedScissors61
One of my professors in undergrad was a co-owner of a small engineering company. I would estimate he made between 200-400k/ year, but he has 9 kids. Is that rich?
Well he'll get some tax breaks as a result.
02-01-2011 , 09:13 PM
Quote:
Originally Posted by FlyWf
The recent spate of rich people whining about their taxes and either being shown to be liars and/or idiots(Ben Stein and Todd Henderson) amuses me.

I'm not sure if this is a parody of them or the most hilarious one yet:
http://abovethelaw.com/2010/09/earni...ot-in-my-town/

After all, the core conceit of all of these whines is a fundamental misunderstanding of how marginal tax rates work. Yeah, maybe $250K isn't rich. I mean, it is and it's insulting to claim otherwise, but I'll pretend that it isn't. People making $250k won't see their taxes go up under Obama's tax plan.
Quote:
Originally Posted by PoBoy321
I'm a little confused. Are you saying that $250K is or isn't rich?

I'm pretty sure that Fly is saying that $250K is rich...
Quote:
Originally Posted by Brian J
if $250k is rich then rich has lost it's meaning and instead now means "more than me"
Quote:
Originally Posted by Not_In_My_Name
$250k is pretty clearly rich imo. It's towards the lower end of "the rich", but they are still rich. It seems unreal to me that people suggest that it not rich.

It's not the best way of measuring stuff like this (though I can't think of a better way off the top of my head), but what do you think the poll result would look like for that question. My gut reaction tells me that a huge majority (like 80%+) would say that $250k is rich, and I think you could get majorities to designate people on significantly less money as rich.
Quote:
Originally Posted by Not_In_My_Name
Wasn't someone on here the other day claiming that for quite a large number of families, $250k was very little and was living "paycheck to paycheck." LOL
Quote:
Originally Posted by Phone Booth
See below.






See bolded.

The whole discussion started from whether a family with 250,000 in taxable income (by IRS standards) is rich. None of what you guys are talking about is considered income.

Orly? The first 5 posts above your quote are from the first page. I can find lots more. But for arguments sake we will now stick to your new definition.
02-02-2011 , 10:55 AM
As if to prove my point.
02-02-2011 , 01:40 PM
Quote:
Originally Posted by FlyWf
Really the defining feature of modern American politics is conservatives being angry at the world for being too complicated.
lolll

Of course 250k/yr is rich. jesus
02-02-2011 , 01:51 PM
Quote:
Originally Posted by FlyWf
You guys don't understand the tax system and you think liberals are making it up or whatever when we try to explain it to you. Really, the same thing happened with Obamacare, happens with global warming, evolution, etc...

Really the defining feature of modern American politics is conservatives being angry at the world for being too complicated.
Lolz... I don't think that is necessarily true... but the small business taxation portion of this thread doesn't help at all.

A: I think taxes on small business are too high
B: Why?
A: {Totally incorrect calculation}
B: Yeah, that is totally wrong. Small businesses will usually pay like 5% of what you think they do.
A: I think taxes on small business are too high.

Just shrug off that 95% reduction and plow ahead.
02-02-2011 , 02:07 PM
Quote:
Originally Posted by BASaint
lolll

Of course 250k/yr is rich. jesus

Well, I guess if you rent and are in debt up to your eyebrows 250K would seem rich.
02-02-2011 , 02:16 PM
Quote:
Originally Posted by CRUDEFINDER
Well, I guess if you rent and are in debt up to your eyebrows 250K would seem rich.
? How did you know?

Anyway top 0.0001% or w/e it is of earners on the planet is rich. Or at least, on 250/yr, you have the opportunity to be rich if you're not a total fool.
02-02-2011 , 02:19 PM
Quote:
Originally Posted by BASaint
? How did you know?

Anyway top 0.0001% or w/e it is of earners on the planet is rich. Or at least, on 250/yr, you have the opportunity to be rich if you're not a total fool.

Awww, I wasn't talking about you man. I just meant that it's mostly the prespective of how you're looking at it.
02-02-2011 , 02:41 PM
Quote:
Originally Posted by BASaint
? How did you know?

Anyway top 0.0001% or w/e it is of earners on the planet is rich. Or at least, on 250/yr, you have the opportunity to be rich if you're not a total fool.
Idiotic point of view. We're all rich if we compare ourselves to the rest of the planet.

You're not rich by my standards if you gross 250k and have a family to support on your own. Unless you somehow have significant wealth. I consider a person rich when they're more or less set for life. Not when they have a financial obligation to get up in the morning and go to work.
02-02-2011 , 02:56 PM
Quote:
Originally Posted by fishdonkey
Idiotic point of view. We're all rich if we compare ourselves to the rest of the planet.

You're not rich by my standards if you gross 250k and have a family to support on your own. Unless you somehow have significant wealth. I consider a person rich when they're more or less set for life. Not when they have a financial obligation to get up in the morning and go to work.
nah you're thinking of idle rich
02-02-2011 , 03:08 PM
Quote:
Originally Posted by CRUDEFINDER
Well, I guess if you rent and are in debt up to your eyebrows 250K would seem rich.
Doing dumb **** does not stop someone from being rich. It just makes them rich and stupid.

You can make 250k a year, live in a van down by the river and have a 249k/year bonfire the day before tax day as some kind of ******o protest and you are still rich.
02-02-2011 , 03:12 PM
Quote:
Originally Posted by fishdonkey
Idiotic point of view. We're all rich if we compare ourselves to the rest of the planet.

You're not rich by my standards if you gross 250k and have a family to support on your own. Unless you somehow have significant wealth. I consider a person rich when they're more or less set for life. Not when they have a financial obligation to get up in the morning and go to work.
I just find it funny that the only sort of non-specific descriptive adjective we do this with is 'rich'.

Is 400 lbs. 'fat'? Nah, when I think of fat, I think of cutting out walls of the house, your boobs have boobs fat.

Is an IQ of 140 'smart'? Nah, when I think of smart, I think of move things with your mind and ****, Hannibal Lecture read your soul smart.

Is benching 300 lbs. 'strong'? No dude, when I think of strong, I think of pulling rigs with your testicles, ripping phone books in half strong.

Is someone who runs the 40 in 4.5 seconds 'fast'? No. Just Usain Bolt. He's the only one that is fast.

Seriously, there are degrees to this. Maybe someone who makes 250K isn't rich to the same degree someone making 10 million is, but they are still rich.
02-02-2011 , 03:23 PM
lol i like that ^

although the concept falls down a little bit when you consider that to be considered fat in america you have to be a lot bigger than what is considered fat in ethiopia.
02-02-2011 , 03:31 PM
The richer you can convince yourself someone is the less bad you have to feel about stealing from them.
02-02-2011 , 03:36 PM
Quote:
Originally Posted by Cotton Hill
The richer you can convince yourself someone is the less bad you have to feel about stealing from them.
As a misanthrope this does not concern me.
02-02-2011 , 03:43 PM
Quote:
Originally Posted by Cotton Hill
The richer you can convince yourself someone is the less bad you have to feel about stealing from them.
What a wonderful set of mantras you guys have designed for yourselves to keep repeating over and over.

"Stealing from them." Good one.

Raised taxes on the very wealthy = theft.

Corporate fraud, outsourcing and pension-destructive market policy = fair business practice.

Sure thing.
02-02-2011 , 03:52 PM
Quote:
Originally Posted by Cotton Hill
The richer you can convince yourself someone is the less bad you have to feel about stealing from them.
As a public school employee, I at least have the decency to steal from people proportionally or regressively.

      
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