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Political Discussion
Reply to "I have a problem with the definition of Rich"
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[quote=Anonymous]How about this, OP is not rich or wealthy -OP is 'upper middle class'. That is the term I always used. Not really in the middle, but certainly not at that rich level where you have a big house, fancy cars, and not too many cares. Those upper middle class folks (I would put myself in that category) certainly are not struggling and live a comparatively comfortable lifestyle, but are not so wealthy that you can tax them a lot more and not bring them back down into the middle class. that is what is going to happen here. if you increase the tax rate and take away deductions over $250 in high COL areas, you will just bring down more people into middle class. Rich will continue to be rich. Why not adjust the 250k number for COL? [/quote]
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