Americans Set "Rich" Threshold at $150,000 in Annual Income<\/a>
\n\t\t\t\t\t\t\t\t\t\t\t\tThe median amount of yearly earnings Americans say they would need to consider themselves rich is $150,000. Fifteen percent say they would need to earn $1 million or more, but 30% name an amount of $1…\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\n","protected":false},"excerpt":{"rendered":"
Wealth is a relative matter, of course. Americans set $150K\/yr income (on average) for the value of "rich" — but the higher your income, the higher "rich" becomes. Per the IRS, $150K would make you part of the "5%" — so perhaps that is "rich" (the "1%" earn $330K or more — the curve swoops … Continue reading “There's "Rich" and there's "Really\/Filthy Rich"”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[106,77],"tags":[107],"class_list":["post-24369","post","type-post","status-publish","format-standard","hentry","category-plusposts","category-economy","tag-ddtb"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":25776,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/01\/28\/romney-tries-being-not-so-rich-and-tax-coddled.html","url_meta":{"origin":24369,"position":0},"title":"Romney tries being not so rich and tax-coddled","author":"***Dave","date":"Sat 28-Jan-12 10:50am","format":false,"excerpt":"Or at least tries convincing us he's not, by incorrectly mauling numbers to make it seem like he's paying 50% income tax.Only in your worst dreams, Mitt.He must be getting really worried about Newt. #ddtbReshared post from +David McGirrMitt Romney attempting to backpedal. He is failing.He's saying that he pays\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24275,"url":"https:\/\/hill-kleerup.org\/blog\/2011\/12\/06\/we-cannot-cut-our-way-to-greatness.html","url_meta":{"origin":24369,"position":1},"title":""We Cannot Cut Our Way to Greatness"","author":"***Dave","date":"Tue 6-Dec-11 11:09am","format":false,"excerpt":"Morgan Stanley Chief Financial Officer Ruth Porat, among others, seems to get it. Increasing income inequality and historically low top tax brackets aren't helpful, and using the mantra of no tax increases to cut public spending is counterproductive. #ddtb Embedded Link Morgan Stanley Executive Calls For Higher Taxes On The\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24548,"url":"https:\/\/hill-kleerup.org\/blog\/2011\/12\/15\/the-poor-you-will-always-have-with-you.html","url_meta":{"origin":24369,"position":2},"title":"The Poor You Will Always Have With You","author":"***Dave","date":"Thu 15-Dec-11 11:38am","format":false,"excerpt":"And folks wonder why the concept of \"cut taxes on the rich to create jobs\" is so nonsensical: because the rich won't \"create jobs\" while consumer demand for the output from those jobs is in the toilet ... and consumer demand is depressed because folks are out of work or\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25044,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/01\/03\/on-being-rich.html","url_meta":{"origin":24369,"position":3},"title":"On Being Rich","author":"***Dave","date":"Tue 3-Jan-12 6:41pm","format":false,"excerpt":"An interesting look at what folks say is necessary for someone to be considered \"rich\" -- and how different demographic factors change those numbers. #ddtb Embedded Link The Rich Index: How Much Money Do Americans Need to Be Considered Rich? | MintLife Blog | Personal Finance News & Advice How\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26432,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/02\/15\/acting-against-their-own-interest.html","url_meta":{"origin":24369,"position":4},"title":"Acting against their own interest","author":"***Dave","date":"Wed 15-Feb-12 6:41pm","format":false,"excerpt":"This isn't in the least surprising, since it's been previously noted that \"red\" states in general draw the most in federal benefits, overall costing more than they contribute to the federal budget. #ddtbReshared post from +Les JenkinsThe irony of this cannot be overstated. The people most likely to benefit from\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28501,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/07\/10\/protecting-the-rich-from-taxes.html","url_meta":{"origin":24369,"position":5},"title":"Protecting the rich from taxes","author":"***Dave","date":"Tue 10-Jul-12 12:10am","format":false,"excerpt":"Obama and the Dems and Romney and the GOP all agree that the Bush temporary tax cuts on the middle class shouldn't be allowed to expire just yet. \u00a0(I disagree, but that's another story.)The basic difference between the parties is whether the Bush temporary tax cuts cuts on the rich\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/24369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/comments?post=24369"}],"version-history":[{"count":0,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/24369\/revisions"}],"wp:attachment":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/media?parent=24369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/categories?post=24369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/tags?post=24369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}