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"If your deductions are about $60K, then whether you feel like it or not, you are rich." You are confusing income with wealth. They are somewhat causally relat
by hcknwscommenter 9y ago
"If your deductions are about $60K, then whether you feel like it or not, you are rich."
You are confusing income with wealth. They are somewhat causally related to be sure, but totally different. Case in point: I started receiving a high income at the age of 40 in SF, where before I earned a poverty wage. At 42, I have much less wealth than your average SF school teacher of the same age.