Taxing the rich - what is the cutoff?

[SC Skins Fan]

Originally Posted by onlydarksets

Sorry, Schneed, but that's just picking and choosing. You laid out what you believe is an average budget. You missed a number of huge expenses, which we discussed. Let's look at another realistic budget, based of your initial work:

That's a $40k negative budget. I think that covers all of the "lavish discretionary funds". I even took out one of the cars (assuming you have a jalopy that's paid off). You can even remove one of the kids, and it doesn't get you down to break even.

I am certainly not saying you can't live comfortably at $250k. I'm saying it sure ain't "rich" (even from a cash flow perspective), which was the original question.

Holy crap! Looks like your fictitious couple has bigger problems then the $0 extra tax dollars they would be paying under a system that added 3% to income over $250K. Better get them some food stamps and start up the welfare payments pronto! Hope no one in the D.C. area makes any less than $250K because they might as well put a gun to their head right now!