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Politics : Don't Blame Me, I Voted For Kerry

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To: bentway who wrote (24579)5/22/2004 9:41:31 AM
From: tontoRead Replies (1) of 81568
 
An acceptable definition of rich is having a liquid net worth of $10,000,000 or earnings of $700,000 per year for the last 5 years with a net worth of over $7,000,000.

Take the $200,000 and follow the tax tables, minus expenses, and in no way does $200,000 suggest rich. It is not much money today.

The tax advocates are being disingeuous with the term rich because it polarizes the majority into sticking it to another group besides themselves...but to suggest that $200,000 is rich and then to compare it to the truly wealthy, it is neither right nor fair.

It is no different than selling tax increases by calling them roll backs. Washington is very good at spins...they do it for a reason.
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