Taxing the rich - what is the cutoff?

[724Skinsfan]

Originally Posted by onlydarksets

I'm sure you could - most people could. The point is that it's a comfortable lifestyle, not an extravagant lifestyle. Bumping up the tax rate is not simply forcing these people right at the margin to cut back from three butlers to two. It's going to have an impact on something that, for the most part, they worked hard to achieve.

Now, on the flip side, the 2000 tax rates are doable. It's just not wise to think this is a well you can go back to too often.

That said, what is a reasonable cutoff these days? $500k?

Weird. I never said bumping up the tax rate was acceptable.