Column: Answering Biden tax plan, conservatives absurdly claim $400,000 a year isn't 'rich'

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'Should you cry for these hard-pressed earners of $400,000? Obviously not,' writes columnist hiltzikm.

Articles asking us to sympathize with high-income couples barely scraping by or even falling deeply into debt despite income in the high six-figures are staples of the financial press., these articles invariably depend on sleight-of-hand. They offer their own definitions of “rich” and list as necessary or unavoidable expenses many items that ordinary families would consider luxuries.and Marketwatch.

Obviously, there’s a lot of daylight between these two marks. One can be considered wealthy, even extremely wealthy, even without a NetJets account or front-row seats for the Lakers and a luxury yacht. Similarly, one can maintain a middle-class lifestyle as Dogen defines it on much less than $400,000 a year.

 

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hiltzikm it really isn’t

hiltzikm All good. Don’t need or care for some broke ass bitches crying for me anyways. Cause I don’t cry for them.

hiltzikm If you can't live on a gross income of $400K, you're putting too much cocaine up your nose.

hiltzikm If it’s your money spend it the way you want

hiltzikm Why are you showing a multi million dollar yacht here? Maybe a $500k house or apartment would do instead?

hiltzikm That yacht is for folks who make more than $400,000

hiltzikm 'Dogen lists $39,000 in 401k contributions. That’s the maximum permitted for two working spouses, combined.' That makes it completely deceptive to say that they have nothing left at the end of the year.

hiltzikm $400,000 in California is only upper middle class. It’s not rich

hiltzikm VoteBidenHarris

hiltzikm $400,000 in San Fran, Los Angeles, NYC... is not rich. Should be a sliding scale based on cost of living by city.

hiltzikm 400K is comfortable not rich, wont even get you a 1BR condo in Redondo Beach anymore

hiltzikm No one making 400 grand can afford a ship like that.

hiltzikm I think it depends on how many kids they have? Is that individual income or combined?

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