Posted on 12/09/2011 1:11:16 PM PST by 2ndDivisionVet
President Obama was criticized by conservatives for suggesting that an income of $250,000 a year made people rich.
If anything, however, Mr. Obama may have been aiming too high.
A new Gallup poll shows that Americans say they would need to earn a median of $150,000, or have $1 million in total net worth, to consider themselves rich. The $150,000 in income puts you roughly in the top 10%.
On the income side, 30% said they would need to earn less than $100,000. And another 18% said $60,000 a year would make them rich. Fully 15% said they would need to earn $1 million or more a year to think of themselves as rich.
Those who lived in cities said they would need twice as much ($200,000) than what those who live in towns or rural areas said they needed ($100,000).
Men also say they need more than women: $150,000 compared with $100,000...
(Excerpt) Read more at blogs.wsj.com ...
Hell, I be rich too, on Payday.
Four more years and $6,200 per year will be rich.
Is that 150k before or after taxes and which state do these people want to live in?
Anybody who makes more money than I do is RICH and we should tax them into homelessness.
(Evil 8a$turds!)
When the communists took over China, they knew that according to Mao’s theory, about 10% of people were “landlords and wealthy capitalists” who had to be eliminated.
So the cut-off was - if you owned a pig, you were clearly “wealthy” and therefore were shot.
No kidding. 150k after taxes in MA or RI is barely eeking by.
BS. Who was interviewed/polled?
That's roughly true of household income. That means a married schoolteacher couple with 20 years seniority, each earning $85,000 (not hard in major metro areas), is "rich."
GIGO poll.
In this Obamaconomy, if you have a job, you’re rich.
I got a job for $150/week...the same basic thing I was making in the height of Jimmah's economy. GI-bill, college and years later, my maxed out SS is larger than what I made back then (at least for the years Obama hasn't given his constituents an extra $2K/year). My fed taxes lately have been on the order of $50K/year....yet, I still do not consider myself rich. It's all just a matter a perspective. But, more importantly, it IS a matter of what you do with what you make.
We are almost to the point where, if you have a job, you are rich.
ACORN members?
$150,000 isn’t squat. There are few tax breaks after $109,000; student loans, mortgage points, etc.
= =
Sorry, both this story and Obama's previous position are part of the same goal...class warfare...an essential component to Marxism.
This story tries to paint the picture of "see this you silly Americans, Obama's opinion wasn't so extreme, it was right in line with mainstream America!"
The story ignores the fact that people are compensated for the value that they provide. It scares the heck out of me to see this country slide into 1930s type politics, where socialism and marxism were widely accepted.
Nobody who depends on a paycheck is rich. If you’re rich, you don’t need a paycheck. If you’re rich, even a 100% income tax is meaningless because you don’t need any income.
Think John Kerry or Nancy Pelosi. It’s why they love to “tax the rich” because they know the truly rich won’t be touched and they will still contribute to democRATS.
In one sense, they are right. Look around the world. Anyone making the equivalent of $100K is incredibly rich in comparison to the rest of the world population. So is someone making $40K. The real question is what conclusion do you draw from this question.
Do you conclude that government should tax the s**t out of anyone making $150K to provide more government benes to the middle class and fund more government jobs?
Or do you conclude that our country has an economic model that produces fabulous wealth for most of its citizens and worry that all the Socialism and Class Envy are going to kill the goose that laid the golden egg and drive us all back to living in one room shacks like the rest of the world?
And that's just to the Fed. You left out what the state and city take from you, then there are all those little taxes, sales/gas/phone/cable tv/ etc......
From the Gallup site:
Results for this Gallup poll are based on telephone interviews conducted Nov. 28-Dec. 1, 2011, with a random sample of 1,012 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia...The problem with polling "adults" is that you could be getting resident foreigners who can't vote, illegals from Mexico who don't care, etc.Interviews are conducted with respondents on landline telephones and cellular phones, with interviews conducted in Spanish for respondents who are primarily Spanish-speaking.
-PJ
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