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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: KLP who wrote (117272)5/30/2005 10:55:00 PM
From: Lane3  Read Replies (1) | Respond to of 793711
 
You must have been skimming and missed this

I saw it. Just didn't read it as meaning that the IRS or anyone else considers 70K or 79K as the threshold for "rich."

Bear in mind that some of the folks at the IRS who put out those numbers earn that much.

Having now reviewed the the actual income levels involved at the various percentiles, I'd be hard pressed to call anyone below the top one percent "rich."

[BTW, those are 1997 dollars, so the number would now be higher.]