Part of the way that the White House plans to pay for our proposed healthcare reform is to tax the "wealthy". Wealthy in terms of taxes is defined as someone making more than $250k/year or a couple making more than $350k/year.
Does anyone really believe that should be considered wealthy anymore? Think about what $350,000 buys you anymore. You might get a good house in a decent neighborhood for that amount. A good car now a days will set you back $40-$50k.
As a high school student all of my classmates aspired to make something of themselves, whether it be a lawyer, doctor, business owner, etc. It might be optimistic but I would bet on the fact that most of them expected to make more than $250k/year as a reward for their struggles in school. I would also bet on the fact that if asked they would consider themselves "comfortable" not "wealthy".
That is exactly the point of this blog. When was the last time our government that includes Reagan, Bush Sr., Clinton, Bush Jr. and now Obama revisited the definition of a wealthy family? I don't see anything wrong in considering an individual making $1 million or more a year wealthy, but $250k? I think we are picking on the wrong American class.
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