View Single Post
Old 06-17-2008, 04:57 PM   #176
firstdown
Living Legend
 
firstdown's Avatar
 
Join Date: Oct 2004
Location: chesapeake, va
Age: 61
Posts: 15,817
Re: Taxing the rich - what is the cutoff?

Quote:
Originally Posted by Schneed10 View Post
Yeah it's important not to get it misconstrued.

I think the budgeting exercise we went through, in consideration with your input on childcare and student loans, shows that $250K is a good cutoff for a 3% increase in the tax rate.

Those making $250K, even in a worst case where student loans and daycare were through the roof, would pay 0 in new taxes. Those making $300K would pay an additional $1500 per year, and it's been shown here that if you make $300K, you can afford a very nice lifestyle and big daycare costs and massive student loans.

But no, $250K per year is not "rich."
Or maybe people could do with less have one parent at home and do away with daycare cost. I guess thats a whole nother thread for another day when things are slow.
firstdown is offline   Reply With Quote

Advertisements
 
Page generated in 0.08548 seconds with 10 queries