[stuartcr]

If I made 100k, I would consider myself wealthy.

[carenot]

If I made 100k, I would consider myself wealthy.

There's a snitch in Dallas that police paid $200,000 to in 2 years.

I wonder if he has paid any income taxes?

[wardaddy]

100k with 4 kids and a housewife mommmy and private school and college coming up is not wealth...at least not in my book.

[hocndoc]

At that level, you wouldn't qualify for a lot of deductions, your kids wouldn't qualify for college assistance, and, if you have a 300K to 350K house (average for most with a 100k income), you'd pay almost a 10th of your income for school taxes in your school district.

Eventually, you lose all tax deductions, including the deduction for interest on the mortgage.

And don't forget that the cut-off for the amount taxed for Social Securty rises each year. You pay 6.5% (and your employer does) until 84K. (In 1992, the cut off was 66K, so, "wealthy" person now pays 12% on that last 12K that the "wealthy" in 1992 did not. I think it went up this year, too)

[PBRSTREETGANG]

If I made 100k, I would consider myself wealthy.

Not if live on Long Island, NY and have a family.