Taxing the rich - what is the cutoff?

[Sheriff Gonna Getcha]

Originally Posted by Schneed10

OK thanks for that info. I had no idea the average lawyer made so much money.

The average lawyer does not make so much money. The notion that anyone can get a $160K job just by graduating law school is dead wrong, and it is the misconception which draws young 22 year olds into the profession. There are about 180 accredited law schools and the big firms tend to hire about 50% of their attorneys from the top 15 schools and the remainder from the top 40 or so. Rarely does a big firm hire a law student from a second tier law school, let alone a third tier law school.

Most 3rd, 2nd, and 1st tier law school grads become public defenders, prosecutors, government lawyers, public interest lawyers, or small firm lawyers. The average law school grad does not work for a 1,000+ attorney firm paying $160K to newly minted attorneys.

Moreover, many big firms pay a lot, but they expect their first years to pay them in blood and with their first born. There is a reason why roughly 50% of those highly paid lawyers leave their jobs within the first 3 years, notwithstanding the fact that they are faced with a mountain of debt.

EDIT - I just read your other post in which you basically said what I noted above.