Ok can we stop saying $300k is "rich" in DC?

[Anonymous]

Not since just before the Great Depression has the income gap between rich and poor Americans been so vast. The top 1 percent of U.S. families has an income, on average, $1,153,293 a year — about 25 times the $45,567 earned on average by the rest of American families.

Those numbers are from a report, “Income Inequality in the U.S. by State, Metropolitan Area, and County,” by the Economic Policy Institute. EPI, a nonpartisan think tank, examined state-level tax data from 1917 through 2013 (the latest year available) to report the gap, the earnings and the trends in every state.

Overall, the top 1 percent of earners took home 20.1 percent of all income in the U.S. in 2013.

Virginia: $987,607 per year

Maryland: $1,024,110 per year

https://www.moneytalksnews.com/slideshows/what-the-richest-1-percent-earns-every-state/


******

The rich are getting richer and leaving us all behind in the dust and instead of doing something about THAT, we fight with each other.

[Anonymous]

300k is still high income. You don't have to be a 1 percenter to be high income.

[Anonymous]

OP, what is wrong with you? Just because 300K is not the top 1 percent doesn't mean it isn't rich. It just isn't the richest.

[Anonymous]

Anonymous wrote:Not since just before the Great Depression has the income gap between rich and poor Americans been so vast. The top 1 percent of U.S. families has an income, on average, $1,153,293 a year — about 25 times the $45,567 earned on average by the rest of American families.

Those numbers are from a report, “Income Inequality in the U.S. by State, Metropolitan Area, and County,” by the Economic Policy Institute. EPI, a nonpartisan think tank, examined state-level tax data from 1917 through 2013 (the latest year available) to report the gap, the earnings and the trends in every state.

Overall, the top 1 percent of earners took home 20.1 percent of all income in the U.S. in 2013.

Virginia: $987,607 per year

Maryland: $1,024,110 per year

https://www.moneytalksnews.com/slideshows/what-the-richest-1-percent-earns-every-state/


******

The rich are getting richer and leaving us all behind in the dust and instead of doing something about THAT, we fight with each other.

I am not even close to 1% but I am okay with rich getting richer as long as they earned it lawful way. What are you proposing we do?

[Anonymous]

I'm confused. Are you saying that $300k isn't rich?

It's a pretty objective measure. We earn about that and are light years ahead for retirement and college savings over my old pals from flyover country.

Call me rich. I don't care. And I don't care if the 1% is "leaving me behind in the dust"...it's not a zero sum game. It doesn't impact my quality of life.

[Anonymous]

If you don't feel rich on 300k a year you need to leave your neighborhood to visit some other places and get some perspective.

[Anonymous]

Anonymous wrote:300k is still high income. You don't have to be a 1 percenter to be high income.

But why get angry at dual income couples making 300k who are struggling to buy a house in a nice school district and stupid enough to post on here asking for advice (and instead get told to sit down and STFU because you're RICH) when you could get mad at all the lobbyists and political consultants and contractors making 900k plus?

[Anonymous]

Being "rich" is state of mind

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not since just before the Great Depression has the income gap between rich and poor Americans been so vast. The top 1 percent of U.S. families has an income, on average, $1,153,293 a year — about 25 times the $45,567 earned on average by the rest of American families.

Those numbers are from a report, “Income Inequality in the U.S. by State, Metropolitan Area, and County,” by the Economic Policy Institute. EPI, a nonpartisan think tank, examined state-level tax data from 1917 through 2013 (the latest year available) to report the gap, the earnings and the trends in every state.

Overall, the top 1 percent of earners took home 20.1 percent of all income in the U.S. in 2013.

Virginia: $987,607 per year

Maryland: $1,024,110 per year

https://www.moneytalksnews.com/slideshows/what-the-richest-1-percent-earns-every-state/


******

The rich are getting richer and leaving us all behind in the dust and instead of doing something about THAT, we fight with each other.

I am not even close to 1% but I am okay with rich getting richer as long as they earned it lawful way. What are you proposing we do?

Add more tax brackets?????

[Anonymous]

This again?

[Anonymous]

Anonymous wrote:

Anonymous wrote:300k is still high income. You don't have to be a 1 percenter to be high income.

But why get angry at dual income couples making 300k who are struggling to buy a house in a nice school district and stupid enough to post on here asking for advice (and instead get told to sit down and STFU because you're RICH) when you could get mad at all the lobbyists and political consultants and contractors making 900k plus?

That's exactly correct. I don't care who's saying it, we make 200k a year and we're rich.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not since just before the Great Depression has the income gap between rich and poor Americans been so vast. The top 1 percent of U.S. families has an income, on average, $1,153,293 a year — about 25 times the $45,567 earned on average by the rest of American families.

Those numbers are from a report, “Income Inequality in the U.S. by State, Metropolitan Area, and County,” by the Economic Policy Institute. EPI, a nonpartisan think tank, examined state-level tax data from 1917 through 2013 (the latest year available) to report the gap, the earnings and the trends in every state.

Overall, the top 1 percent of earners took home 20.1 percent of all income in the U.S. in 2013.

Virginia: $987,607 per year

Maryland: $1,024,110 per year

https://www.moneytalksnews.com/slideshows/what-the-richest-1-percent-earns-every-state/


******

The rich are getting richer and leaving us all behind in the dust and instead of doing something about THAT, we fight with each other.

I am not even close to 1% but I am okay with rich getting richer as long as they earned it lawful way. What are you proposing we do?

Add more tax brackets?????

No, I don't like that idea. I like flat-tax better. Why should people who "out-performed" others have to pay penalty for doing better in life? Let the best win.

[Anonymous]

Are you being left in the dust with $300k?

[Anonymous]

Anonymous wrote:

Anonymous wrote:300k is still high income. You don't have to be a 1 percenter to be high income.

But why get angry at dual income couples making 300k who are struggling to buy a house in a nice school district and stupid enough to post on here asking for advice (and instead get told to sit down and STFU because you're RICH) when you could get mad at all the lobbyists and political consultants and contractors making 900k plus?

Here what I hear: "I don't feel rich because I'm trying to buy a freestanding SFH with stainless steel appliances and a yard and granite countertops in a neighborhood where the schools are really good. By good I mean as few FARMS kids as possible. I can't afford that." Those are all wants, not needs.

[Anonymous]

I have to explain to my kids all the time... we are rich!

We don't drive a Tesla, we don't go to huge vacations, we don't go to $48K schools. But we are rich. Period!