Quote:
Originally Posted by lookout123
Sugarpop has finally tagged rich as a label to identify those earning between $5-10MM/year. Obama wants tax increases for those earning $250K+. That would seem to indicate he wants to increase taxes for those that Sugarpop does not feel are rich. Just curious how she feels about that.
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Wow.
I'd say you're rich if your annual wage would buy a decent 4 bedroom house in the area you live in.
So in Tucson, you're rich if you make $175,000/yr. In New York, you're rich if you make $1,100,000, etc.
I'd say the average would be about $200,000.