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Reply to "Down and Out on $250K/year...."
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[quote=Anonymous]Why do you think the following two points support the "rich" theory and not the "not rich" theory? 1. $250K is worth less in DC than Texas; and 2. "you are still in the top 3% of income earners in this country" The point is that being in the top 3% means less here than it does in Texas. So someone who lives here or NY should not be paying more in taxes based on their raw income than someone with similar disposable income but a smaller salary in Texas.[/quote]
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