Quote:
Originally Posted by Cotton Hill
I'm sure when you're making 40 or 50K a year 250K sounds super rich, but it isn't particularly filthy rich.
A 250K family is of course very well off and has lots of disposable income for things like vacations, a nice luxury car or two, a really nice house, has some money in the bank, etc. You can lead a very comfortable existence, with all of your needs and some of your wants taken care of.
But odds are they are also working a high stress, long hour job, trying to build a good nest egg for retirement, trying to put away money for their kid's college, etc.
People in that income range tend to be some of the smartest and hard working successful people IMO. They aren't super rich through inheritence or luck, they've tended to earn their station in life.
I agree, but again it's kind of silly to be talking about $250K in the first place – since nobody's proposed a plan that will raise taxes on them.
We should pick some number that actually will be significantly affected by Obama's tax plan. But it's kind of hard because you're talking $350K paying $4000 more, $450K paying $8000 more, etc. You really don't get to a point where you start feeling sorry for those people and thinking the extra tax amount is going to make a dent in their spending.
In b4 we flip over to - yeah but that's just where it starts.