[DCBryan1]

Whew....I think I am safe!

Until amendments to the law by a majority socialists house/senate revises the number DOWN to $500,000.00 as "rich".

If you have 100k in a 401k, 50k in cars, 50k in furniture/jewelry/guns, etc, and 300k in house...you are now subject to 90% of it going to the .gov.

[entropy12]

Nah...the liberals can’t be that stupid and greedy, can they? Why can’t they take a peek at Venezuela because they already tried it there.

[Trump.Deplorable]

Governor Murphy defined the rich in New Jersey as anyone making 50 grand or more a year

But holding real estate in trusts, etc is a great idea to get around this crap.

[LostInBayport]

Until amendments to the law by a majority socialists house/senate revises the number DOWN to $500,000.00 as "rich". If you have 100k in a 401k, 50k in cars, 50k in furniture/jewelry/guns, etc, and 300k in house...you are now subject to 90% of it going to the .gov.

That's how the income tax started, if I understand correctly. It was promised to affect only those earning over one million dollars per year or thereabouts, but the threshold was quickly dropped to catch everyone else.

Well, everyone else except for the 47% who not only do not pay income taxes, but get an annual kiss in the mail from Uncle Sugar in the form of the Earned Income Tax Credit.

[NativeSon]

If the dems/communists can pass a “wealth tax”, defining “wealthy” will become sport for them.