Ok, I make more than $90,000 and certainly don’t consider $90k as being “rich.”
I suspect this is Dems priming the pumps to raise taxes on those earning above $90k.
I would agree that Dems are “priming for tax increases”. All things being relative, depending on age and financial responsibility 90k can be considered good money, or barely enough.
Isn’t it great to be an American though! With choices and ways of bettering your income at anytime.
My daughter is 25 and lives in NYC. For 2 years she worked hard at a “draw against commission” job straight out of college. It was difficult to get by and she has 2 room mates.
She took that experience and now earns 75k at a salaried professional position with unreal benefits. She patiently toiled at something she disliked to get a dream job with endless potential. THAT’S how it’s done.
Work hard when you’re young. Set goals.
This is why the minimum wage increase BS ticks me off so much. It will increase all expenses and decrease jobs. If the wage is too low for you...move on!
> I suspect this is Dems priming the pumps to raise taxes on those earning above $90k.
Good bet. I wish there was more written about taxes on this. I’m self employed and bill a little over $90k/year. Every 3rd month I literally have to send checks (state and federal) for more than I make that month.
14% FICA + 20% (fed & state income tax)=34%. The government takes over 1/3 of my income. If I “make” $90k, I “keep” $60k. Whether or not anyone wants to call me rich, that’s a problem (my wife works and gets health care but that would be another huge chunk of the $60k thanks to Obamacare - it used to be much more reasonable and my wife didn’t need to work for that).
Most people making around $90k have the same taxes. It’s just hidden from them by employer withholding and the misnamed “employer-side FICA” so they don’t realize how much tax they pay. Throw in another couple percent for “employer-paid” unemployment insurance (which also comes out of a “salary budget” not some magical “tax budget” or “corporate profit” for most managers and would go to increased salaries if the government didn’t take it before the employee sees it).
“I suspect this is Dems priming the pumps to raise taxes on those earning above $90k.”
Absolutely - on Joe and Jane Average. I will bet you that $90K that AOC will not touch the truly rich like Meryl Streep or Leonardo DiCaprio or Warren Buffet or Zuckerberg or Mike Bloomberg.
Those people NEVER pay. They buy the politicians that write the tax laws!
Wait! Maybe not $90,000...
Agreed. In the Soviet Union, all it took was owning two cows to be considered a Kulak and thus to suffer horribly at the hands of the commies. Gotta pay for all that socialism they want somehow. Once you confiscate all the wealth of the billionaires and millionaires it doesn’t come close to covering the cost. So they’ve got to define “rich” down so they can force upper middle and middle class folks to pay their “fair share”.