Taxing the rich - what is the cutoff?

You're preaching to the choir in regards to people making 250K not being rich, these people have to work day in day out after all. I do however find it odd some feel that 250K is not enough.
I agree the debate over if 250k is enough to live on has really moved this thread in a different direction. As I said earlier its more about "Is It Fair" to push more tax burden onto them?

I think it's interesting that "$250k is comfortable, not rich" has been mischaracterized as an argument for $250k not being enough to live on.

Anyway, I agree it's time to move on. Where's SS with one of his "Understanding the issues" threads?

I think it's interesting that "$250k is comfortable, not rich" has been mischaracterized as an argument for $250k not being enough to live on.

Anyway, I agree it's time to move on. Where's SS with one of his "Understanding the issues" threads?

Yeah it's important not to get it misconstrued.

I think the budgeting exercise we went through, in consideration with your input on childcare and student loans, shows that $250K is a good cutoff for a 3% increase in the tax rate.

Those making $250K, even in a worst case where student loans and daycare were through the roof, would pay 0 in new taxes. Those making $300K would pay an additional $1500 per year, and it's been shown here that if you make $300K, you can afford a very nice lifestyle and big daycare costs and massive student loans.

But no, $250K per year is not "rich."

While I make pretty good money I'd feel just fine making 250k. All I need to do is fire all employee's, do away with all other overhead and cost and I could be there.

I agree the debate over if 250k is enough to live on has really moved this thread in a different direction. As I said earlier its more about "Is It Fair" to push more tax burden onto them?

As a single guy that makes roughly half of that I think it's fair. Would I like to get more of my money back? Sure would. Do I feel burdened by taxes? No. Why is roughly half of my property taxes going towords local school districts when I don't have any kids? I don't know, but I do know that I went to public schools and it's the right thing to do....etc...etc...etc.

We've beat this subject to death. Time to explore a new subject. Take it aways SmootSmack.

Yeah it's important not to get it misconstrued.

I think the budgeting exercise we went through, in consideration with your input on childcare and student loans, shows that $250K is a good cutoff for a 3% increase in the tax rate.

Those making $250K, even in a worst case where student loans and daycare were through the roof, would pay 0 in new taxes. Those making $300K would pay an additional $1500 per year, and it's been shown here that if you make $300K, you can afford a very nice lifestyle and big daycare costs and massive student loans.

But no, $250K per year is not "rich."
Or maybe people could do with less have one parent at home and do away with daycare cost. I guess thats a whole nother thread for another day when things are slow.

I agree with Schneed and saden1. firstdown - that's definitely a new thread. I nominate you to start that one ;)

I agree with Schneed and saden1. firstdown - that's definitely a new thread. I nominate you to start that one ;)

Maybe the Redskins will do something worth talking about ... imagine that! Six weeks to the HOF game ...

As a single guy that makes roughly half of that I think it's fair. Would I like to get more of my money back? Sure would. Do I feel burdened by taxes? No. Why is roughly half of my property taxes going towords local school districts when I don't have any kids? I don't know, but I do know that I went to public schools and it's the right thing to do....etc...etc...etc.

We've beat this subject to death. Time to explore a new subject. Take it aways SmootSmack.
Not to keep this going but where you say you do not feel burdened by the taxes you pay I do with a family of four. I'm self employed so each month I have to wright a big check to the Fed. and one to the state. Then at the end of the year they say my business grew but I did not take home any more pay and have to pay taxes on this so called growth. I think eveyone should have to pay their own taxes as it would cause allot more people to start thinking about whats happening to all their money. Heck, ask a person what they pay in fed and state taxes and most have no clue at all just what they bring home.

Six weeks to the HOF game ...Wow. When did that happen?!

I was still thinking it was baseball season.