Define Rich

Discussion in 'Politics' started by alan1, Feb 8, 2009.

  1. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    I've heard that the Bush tax cuts only benefited the rich.
    I've heard that Obama will only raise taxes on the rich.

    Can somebody define "Rich" to me?
    The Bush tax cuts affected people making less than $250K and Obama's tax increases are only supposed to affect those making more than $250K.
    I need somebody to explain this to me.
     
  2. RodISHI
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    RodISHI Gold Member

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    Depends on your looking glass. Is it a Dem glass or a Rep glass?
     
  3. Yukon
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    Yukon BANNED

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    I think most would agree that someione makin 250 K per year is perhaps not rich but is very, very well-off?

    Those making over $ 250 K should be taxed at a rate of at least 30 % (flat tax).
     
  4. WillowTree
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    WillowTree Diamond Member

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    dosen't that depend a lot on where you live?
     
  5. Truthmatters
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    Truthmatters BANNED

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    Having more money coming in than you need to live and save for your retirement.


    If you make over 200,000 a year and cant send your kids to ANY college, live well and have enough saved for a comfortable retirement then you are a complete idiot and someone is paying you more than you are worth.
     
  6. auditor0007
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    auditor0007 Gold Member

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    Obama's half brother in Kenya thinks anyone receiving welfare in the US is rich.
     
  7. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    Are you saying that anybody paid over $200K is over paid?
     
  8. WillowTree
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    WillowTree Diamond Member

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    well, true,, lesseee, 250 grand with a 30% tax assessment leaves you with 175 grand.. then say you live in Caleeeeefornia or New Yawk,, what is the rate of state income tax??? ten or 20 percent???? so let's say that takes you to 50% you are paying, then add sales tax and gasoline tax,, hhhhhmmmm wouldn't it be easier not to work at all,, just latch onto obamalamas teat??
     
  9. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    So, what is your definition of rich?
    Where is that line that makes one income rich and another not?
     
  10. WillowTree
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    WillowTree Diamond Member

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    don't forget the taxes you pay for property,,, cars tags boat tags,, aeroplane rides.. almost anything except food is taxed to death.. so how much of 250 grand to you get to bring home..??
     

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