Face it, to the Left rich is anyone who works for a living, has health insurance, saves money, plans for retirement, avoid excess credit, self-sufficient and has enough to get by in an emergency.
The highest, worst, and most painful tax that a B.O. regime will impose - and it will hit the poorest people hardest - is inflation. It is the price paid for debasing the currency and running the printing presses at full speed.
Additionally, they also obviously don't know what OASD and FICA-MHI taxes are since they couldn't be working and EARNING a living.
If you couple these taxes with health insurance premium payments, retirement plan payments, life insurance payments in addition to all of the other 'sin' taxes, you end up with less than half of that "$120,000" jackpot.
They can go f@ck themselves.
I bet. The majority of leftists are so f***ing stupid, they couldn’t make that much money without cheating.
I earn more than that and I assure you: I am NOT filthy rich. In fact, we live in extreme modesty. Only a 2300 sqft house (when you include the “finished” garage) and two cars that are so old they are both paid off. And that’s in SC where the living is cheap.
It’s the same old game they’ve played for years. They redefine what rich is and throw in some odd little taxes here and there and surprise! You’re rich too!
In the Seattle area, 120k a year won’t qualify you for much of a home loan.
All taxes are ultimately paid by the consumer. The consumer is the only one who can’t pass the cost on.