[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.

[teevolt]

This should do wonders for Cayman Island accounts. Could help out the underground precious metals and gems market if they get a little lower. Maybe we can even trend to hiding wealth in coffee cans buried in the yard.