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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You misinterpret what I am saying. I am defining this based on your question, which is based on my posts when
I talk about rich people. When
I talk about rich people, the people at the top, I am talking about people who earn 5 million
+ a year. That has nothing to do with what Obama is doing.
But to be clear, making $250,000/year is definitely rich. At least it would be to me, especially where I live. To a New Yorker, not so much. I would say it is upper middle class for sure. Again though, he is not RAISING taxes, he is letting them expire to where they were before Bush was in office when he wrote the tax cuts to favor the wealthier classes among us.
And, it is on the money that is made
above and beyond $250,000. So no, I don't have a problem with that.