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> I didn't say that either of those defines "rich". I said that a significant portion of the US doesn't pay taxes Well, I didn't say you said that, so we're go
by caconym_ 8y ago
> I didn't say that either of those defines "rich". I said that a significant portion of the US doesn't pay taxes
Well, I didn't say you said that, so we're good. I'd say I more implied that you implied it.
> Most people would disagree with your definition as well, that's normal middle class, not rich.
Yes, that does sound more like a middle class lifestyle than a "rich" one, doesn't it?
> And most of them don't pay much in taxes either.
Most of who? A hypothetical middle class that meets my (possibly flawed) criteria for richness, or an actual middle class as defined by some percentile spread about the median household income?
What rate of taxation is "much in taxes"?
- jki275 8y agoWhen I was squarely middle class I normally didn't pay more than about 5k in annual federal income taxes. That's pretty reasonable. It's also hard to cut a number that small. When you get into paying 50k, 100k+ in taxes, then a percentage tax cut will appear much larger. I know plenty of people who have about 2k withheld throughout the year and then get 5k-15k "refunds" at the end of the year. That's what I was referring to with the xbox and tv comment, those refunds are often spent that way.