Taxing the rich - what is the cutoff?

[onlydarksets]

Originally Posted by SC Skins Fan

My simple point was that I wonder what these people would do if they found themselves having to support a family of four on a household income of $40,000-45,000. But maybe you haven't been around and seen how hard people work to make that kind of money (my dad was a carpenter, my wife's father a fire fighter - obviously if they possessed more personal virtue they would have attained greater things and made more money). I have a tough shedding tears for folks who are crying poor because they make $300,000 and their taxes might go up 3%.

Why stop there? $40-50k/year is excess. You can live off of $12k a year:
How to retire on $12,000 a year - MSN Money