Taxing the rich - what is the cutoff?

[Schneed10]

Originally Posted by onlydarksets

I agree. However, it's naive to think that $250k in an area like DC, San Diego, San Francisco, etc. buys you complete economic freedom. I think that is no-question possible at $500k, but I don't exactly have experiential data to prove that.

Any cutoff is arbitrary. Why not $225k? Or $300k? Maybe $250k is ridiculous, and it should be $175k? I'm sure they didn't pick that number out of a hat, but I'm equally sure there is no basis to establish $250k as the optimal cutoff.

All you have to do is budget it out. See my post above. It becomes abundantly clear that $250K is a perfect cutoff.