For the little people, "rich" by DemocRat definition, starts at about $20,000/year, or somewhere about the poverty line.
everyone should be required to pay something, if only to keep up their interest in government fiscal practices.
Thomas Hobbes, Leviathan it is fairer to tax people on what they extract from the economy, as roughly measured by their consumption, than to tax them on what they produce for the economy, as roughly measured by their income.
A Taxreform bump for you all.
If you would like to be added to this ping list let me know.
Hey, I got an idea: Let's shitcan the whole system and implement the FairTax, a 23% nationa lretail sales tax.
Dems and Pubbies alike do not understand the term.
An income statement versus a balance sheet are two different definitions of income versus wealth, or "rich."
Quite frankly, I'm fed up with this topic since so few have a clue.
If you want to nail down the balance sheet perspective, if I have 50 bucks in my savings account, that is an asset.; by third world standards, "I'm Rich."
Democrats are either lazy and hopeful a paternalistic government will care for them cradle to grave..
OR
they are wildly successful multimillionaire lawyers/politicians who want high taxes to smother the competition and prevent anyone with real-world experience from earning enough to challenge their power (it takes money to run for senate nowadays)
Is it just me, or has anyone else noticed that the "richest" dems, like Kerry want to increase taxes on high wage earners. It really doesn't effect him, since he and Teresa already have their money! He makes a few hundred thousand dollars a year, and she gets plenty from investments, but the vast majority of their accumulation of wealth is untouched by taxes! So, why wouldn't they be for tax hikes? It doesn't really affect them.
Mark