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My husband and I make around $300K and I hardly would call us "rich". We are very comfortable and don't think about money, but we don't live RICH.
But 300k per year as a household income IS rich. That's not even debatable. The amount of households in this country making that kind of dough is tiny. It's an elite group by definition.
I realize that the insane amount of billionaires has skewed our perception of what "rich" is, but folks are getting carried away.
If there's no zip code in this country that you can't afford to live in, that's RICH. I don't know why that's so hard for people to understand.
It's been asked at what salary level is someone considered rich, and there has been some very interesting insight.
My question is, if a family has a combined income of $300,000 a year, are they considered "rich". Of course everything is relative, but in most parts of the US is this considered wealthy?
While this figure is clearly a large sum, I think it depends how old one is when they earn this kind of money which determines whether or not they are rich. If it's someone in their 30's or even 40's, I would argue that they are affluent (not rich).
But if it's someone in their 50's or 60's (who has yet to pay off their mortgage, drives luxury automobiles, travels extensively, dresses to the nines, enjoys fine wine and food) I would say they are not.
Even though a salary of $300,000 puts one in the top .9% of US income earners, I still do not consider this figure to be "rich". Do you?
$300,000 would be a good down payment on a two million dollar mansion, and in Oklahoma that would buy a lot of mansion and make you look obviously rich.
But 300k per year as a household income IS rich. That's not even debatable. The amount of households in this country making that kind of dough is tiny. It's an elite group by definition.
I realize that the insane amount of billionaires has skewed our perception of what "rich" is, but folks are getting carried away.
If there's no zip code in this country that you can't afford to live in, that's RICH. I don't know why that's so hard for people to understand.
oh please , a household income of 300k is still middleclass...its NOT rich
the imaginary red line liberals want to paint for what is rich
taxes are based on household income
why always the discrimination from the liberals...tax the rich...what about fairness and equality
why the deception from the liberals...in the 1950's rich (top bracket) was household incomes over 380k...thats over 3 million in todays dollars...yet the liberals want to say 250k is rich???
a nassau county police officer(150k)((((a nassau police officer (regular PO , not a sergeant or a cpt) has a top pay after 6 years of 108k...the average PO makes 150k with basepay, overtime, and night dif ))))) married to a east meadow teacher (110k-150k depending on seniority )...is rich??? so we are saying that a workingclass cop married to a workingclass teacher is rich, because their household income crosses some magical line in the sand...very silly if you as me
remember the AMT...it was another liberal answer to tax the rich...now the middleclass gets hit with it
do you really think that all americans are blind to this....they may have given Pres. Obama a second chance...but they are not going to like the liberal typical answer of ..."well...we were going to tax the rich, now rich is defined as anyone with a job
should a NYC garbageman (PC TERM :satitation worker)(defiantly workingclass )(((( Garbage collectors, or sanitation engineers routinely make over $120K per year in places such as Seattle & NYC, and have been for several years. ))))) 100k plus....married to a east meadow(Nassau county) teacher (110k-150k)...be called rich??? so we are saying that a workingclass garbageman married to a workingclass teacher is rich, because their household income crosses some magical line in the sand
NYC bus mechanics make 45/hr...105k a year...plus overtime, night diff, etc
$300,000 would be a good down payment on a two million dollar mansion, and in Oklahoma that would buy a lot of mansion and make you look obviously rich.
Of course. Like i said (and you're reiterating here), there's no zip code in America that 300k doesn't buy access to.
Quote:
Originally Posted by Julian658
You do not understand that those folks making 300k a year work for a living--------that is a salary and that is not RICH.
Those in the low brackets may not believe it, but 300k is not a lot of money.
Rich means you or your children or your descendants will never have to work.
There is no such definition of "rich" that says that you're only rich if your descendants never have to work. That's made up by people like you.
300k a year is an INSANE amount of income per week even after taxes. That's less than 2% of all American households. That's more than 3 times the median income in Beverly Hills, Ca. and more than $110k more than the average income in Beverly Hills.
You guys are being ridiculous.
Quote:
Originally Posted by workingclasshero
oh please , a household income of 300k is still middleclass...its NOT rich
the imaginary red line liberals want to paint for what is rich
taxes are based on household income
why always the discrimination from the liberals...tax the rich...what about fairness and equality
why the deception from the liberals...in the 1950's rich (top bracket) was household incomes over 380k...thats over 3 million in todays dollars...yet the liberals want to say 250k is rich???
a nassau county police officer(150k)((((a nassau police officer (regular PO , not a sergeant or a cpt) has a top pay after 6 years of 108k...the average PO makes 150k with basepay, overtime, and night dif ))))) married to a east meadow teacher (110k-150k depending on seniority )...is rich??? so we are saying that a workingclass cop married to a workingclass teacher is rich, because their household income crosses some magical line in the sand...very silly if you as me
remember the AMT...it was another liberal answer to tax the rich...now the middleclass gets hit with it
do you really think that all americans are blind to this....they may have given Pres. Obama a second chance...but they are not going to like the liberal typical answer of ..."well...we were going to tax the rich, now rich is defined as anyone with a job
should a NYC garbageman (PC TERM :satitation worker)(defiantly workingclass )(((( Garbage collectors, or sanitation engineers routinely make over $120K per year in places such as Seattle & NYC, and have been for several years. ))))) 100k plus....married to a east meadow(Nassau county) teacher (110k-150k)...be called rich??? so we are saying that a workingclass garbageman married to a workingclass teacher is rich, because their household income crosses some magical line in the sand
NYC bus mechanics make 45/hr...105k a year...plus overtime, night diff, etc
*SIGH*
I don't give a damn what a mechanic, teacher, or garbageman makes in NYC.
If you have a household income of 300k per year anywhere in America, you are not middle class or upper middle class by any stretch. That is rich. My goodness...less than 2% of American households make that kind of money making it an elite group now matter how you slice it.
Your views on this topic are political. Mine aren't. I'm stating the simple truth independent of political considerations.
Again, if there is no zip code in America that you can't afford, you are RICH. That's all there is to it.
Depends on the profession. According to some, a teacher making 65k is rich but a CEO making 300k isnt.
Conservative logic
They're being silly. When less than 2% of people make your salary(meaning that virtually EVERYONE you bump into doesn't make as much as you), there's no way in hell you can call yourself middle class. By definition, you're lying if you say so. It's rich in every zip code in this country.
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