What is the minimal amount of money do you need to be considered rich?

Discussion in 'Politics' started by yidnar, Jul 31, 2011.

  1. yidnar
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    yidnar Gold Member

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    What is the minimal amount of money you need to be considered rich??and what %of taxes should you pay on your holdings and income ??:confused:
     
  2. rdean
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    rdean rddean

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    Is 5 Million Rich | Who's rich? It depends on which candidate you ask - Los Angeles Times

    The rich may be different for John McCain and Barack Obama.

    On almost every issue, the two presidential candidates have staked out opposing positions. Their contrasting views on wealth surfaced during their back-to-back appearances in Southern California on Saturday night when each was asked to define "rich."

    Obama didn't hesitate. "I would argue that if you are making more than $250,000, then you are in the top 3, 4 percent of this country," he said. "You are doing well."

    McCain took a far more discursive approach to answering the question but ultimately settled on a dramatically higher figure: "I think if you're just talking about income, how about $5 million?"

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    I suspect the dramatic difference in viewpoints comes from one having a privileged background and the other needing to take out "student loans".

    One graduating 5th from the bottom out of a class of 899 and the other graduating near the top of his class.

    Those differences account for dramatically different perspectives.
     
  3. oreo
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    oreo Gold Member Supporting Member

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    A flat tax is necessary. 10% on EVERYONE. No deductions.
     
  4. rdean
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    rdean rddean

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    Funny, when Eisenhower was president, taxes on the wealthy were 90%. Everyone had a job and a house and they could go to school. There was no deficit. He balanced the budget. The rich only worked harder. No wonder conservatives think of those as the "good old days".
     
  5. snjmom
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    snjmom VIP Member

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    Well-off, rich or filthy rich?

    Well-off - income security.

    Rich - money to play with.

    Filthy rich - providing income security to an army of lobbyists and lawyers.
     
  6. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I try not to classify people according to their income. What they make is none of my business.
     
  7. yidnar
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    yidnar Gold Member

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    i know what they consider rich what do you consider rich??and how much should they have to pay people like you???:eusa_eh:
     
  8. shintao
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    shintao Take Down ~ Tap Out

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    Ok, so the average SS check is $450. mo., and a can man may clear about the same amount, so we are saying 45.00X12 mos. = $540. a year.
     
  9. shintao
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    shintao Take Down ~ Tap Out

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    I should make at least $8,400. a month, or $55. hour.
     
  10. yidnar
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    yidnar Gold Member

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    even though there is a high demand for left wing stupidity the demand of the putrid insane shit comes from unproductive lazy bums..... so good luck!!!:cuckoo:
     

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