01-24-2017, 02:08 PM
(01-23-2017, 12:50 PM)Marypoza Wrote:I always thought that a millionaire was someone with a net worth of $1 million or more, not an income of $1 million or more. There are people with very modest incomes who end up as millionaires because of clever or lucky investments or home appreciation.(01-23-2017, 12:12 PM)The Wonkette Wrote:(01-22-2017, 10:28 PM)Warren Dew Wrote:(01-22-2017, 02:58 PM)Mikebert Wrote:(01-22-2017, 02:19 AM)Warren Dew Wrote: They don't. They put out tax plans that help everyone, and the Democrats reinstate the taxes on everyone but the billionaires.
Bush passed the last big tax cuts. When it came time for them to end, they were preserved for everyone except those who made more than 250K, who saw their tax rates return to the 1990's levels. The next result was taxes were raised on those high income folks. I should know, I sold a bunch of stock (which boosted our income for that year to the top bracket) and we to write a big check because I had forgotten about this and not adjusted our extra withholding higher.
Are you a billionaire?
If not, your pretensions to being "rich" are bogus.
If so, you need to get some tax advice from other billionaires, because they certainly aren't paying the top tax bracket, or in fact any bracket at all.
Do you mean that the "rich" only consists of billionaires and not mere multimillionaires like Romney, Madonna, and the Clintons? That is a novel definition. Or do you have another definition of "rich"?
I would guess that Mikebert is a mere millionaire, as is about 7 percent of the country now. A million dollars is still a good chunk of change. Of course, I could be wrong; maybe he has more cash cached away.
-- I would be happy with just a 6 figure income