“I earn money, which is taxed considerably. With what I can save out of what’s leftover I buy a house. I pay property tax every year on that house. Now you want more”
You may think you have “wealth”, but the reality probably is that you’re “working poor” or modestly affluent.
The age-based exemptions that make the tax zero for almost all Americans.
A 59-year person like me gets a $5,900 age-based tax exemption, so I could have a $400,000 paid-up house and $90,000 in the bank and not owe a dime in wealth tax.
It’s a tax on wealth.
I was a retail clerk and paid federal income tax on less than $10,000 of income.
Thou art digging thy hole deeper. Rhetorical terms do not make an argument.
Stop! If this was intended to troll FReepers, you win. I now have to review your history of posting here at FR. No FReeper portends to assume another person is wrong about what they think of their financial status. Only a liberal makes outlandish statements like the one above. "You may think you have 'wealth'...(but you don't)"?
I have to believe you are a deep liberal sleeper here to infiltrate Free Republic.
I'm calling BS...on every post you have made here.
You must still live in your parents basement. $400,000 is an insignificant amount to those who have actually worked and save most of their lives. You like your idol Obama must think “at some point you’ve made enough.”