Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Do you also realize that those small business owners whose incomes are basically the revenue earned from their business will be considered $250k+ earners?
yeah, those with trust funds or born with money. Those that work definitely pay their share of taxes. And its funny that we try to allow one thing for one group of people but disallow it for others. FOr example, tax breaks. We blame the rich for taking them while we do the same thing ourselves. I swear this lazy ass country is quickly turning into a socialist one
Between oligarchy/plutocracy and socialism, I would take the latter, for being barely the top 5%-er so identify more with those making less than me than I do with the top 1%. Besides, socialism is something America has been living with anyway, but the push for oligarchy continues.
Two married lawyers making an average salary in a larger city could easily make $250k together. They certainly wouldn't be hurting, but I wouldn't call them "rich."
Can they afford a marginally higher tax rate? Probably.
Do you also realize that those small business owners whose incomes are basically the revenue earned from their business will be considered $250k+ earners?
Ummm.... if their income from their "small business" is NET (after ridiculous amounts of tax writeoffs, loopholes, etc.) 250k, then it is no different than a salaried employee at a Fortune 500 making 250k.
I am so tired of the "small family farms and businesses are going to get caught up in increased taxes" meme. GROSS income/revenue is different than NET income. Besides, if you are net 250k/year after expenses, you should probably consider at least incorporating.
I've read a few pages of this thread and completely understand everyone's perspective. What is "poor", "middle class", and "rich" means so many different things depending on one's perception of comparison to others and to local costs, and the variety of measures one connects to being middle class.
There's also a large element of pride that's connected to what economic class one is said to belong to. It doesn't have to be this way and to have a realistic view of income level comparison...if we must.
Instead of being poor, middle class, or wealthy maybe it would be helpful to have 6 or 8 or more categories which might better reflect the differences in lifestyle afforded to people who make $6K/yr vs $36K vs $96K vs $156K vs $506K and so on.
The difference between "poor" and "wealthy" is much too great for just one economic class of seperation. Even among the "wealthy" there's a huge chasm of lifestyle difference between someone making $750,000 and someone making $10,750,000/yr.
I'm sure the person making $750,000 would agree that the $10.75 million/yr. income is a world away from theirs, just as a person making $12,000/yr thinks the same about a $120,000/yr. income.
I've read a few pages of this thread and completely understand everyone's perspective. What is "poor", "middle class", and "rich" means so many different things depending on one's perception of comparison to others and to local costs, and the variety of measures one connects to being middle class.
There's also a large element of pride that's connected to what economic class one is said to belong to. It doesn't have to be this way and to have a realistic view of income level comparison...if we must.
Instead of being poor, middle class, or wealthy maybe it would be helpful to have 6 or 8 or more categories which might better reflect the differences in lifestyle afforded to people who make $6K/yr vs $36K vs $96K vs $156K vs $506K and so on.
The difference between "poor" and "wealthy" is much too great for just one economic class of seperation. Even among the "wealthy" there's a huge chasm of lifestyle difference between someone making $750,000 and someone making $10,750,000/yr.
I'm sure the person making $750,000 would agree that the $10.75 million/yr. income is a world away from theirs, just as a person making $12,000/yr thinks the same about a $120,000/yr. income.
I agree.
Being wealthy is not a number. A family making $250k a year in Bumberdicknowhere USA might be considered wealthy. But for someone in NYC, they could be barely scraping by.
Most of us just want to see these poor starving $250K+ people pay their fair share.
And before you canstigate all us "lefties" (again, how my friends IRL would laugh at the thought of that), one of your own, who has been posting heavily on this thread, admits to paying no federal income tax. In fact, he's probably posted such in this thread.
Let's say taxes are raised on the $250K+ earners. When the government overspends that money (and based on YEARS of history, they will no matter which party is in power), will you be OK with the $250K line declining to $150K or $100k or whatever your income level is? Or do you think it'll be fair to just raise taxes again on the, as you call them, poor starving $250K+ people?
BTW - Please point out to me in ANY post I have ever made where I have castigated "lefties" or for that matter even called anyone such a name. And who the heck are "one of my own"?
Ummm.... if their income from their "small business" is NET (after ridiculous amounts of tax writeoffs, loopholes, etc.) 250k, then it is no different than a salaried employee at a Fortune 500 making 250k.
I am so tired of the "small family farms and businesses are going to get caught up in increased taxes" meme. GROSS income/revenue is different than NET income. Besides, if you are net 250k/year after expenses, you should probably consider at least incorporating.
yeah, you would think so but as a small business owner I can assure you thats not always the case.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
