What annual income do YOU consider "wealthy"?

[Sky King]

Did you read what I posted on the way the US used tariffs and not taxes till 1913. Many countries do this & Trump wants to also.

 

[bullfrog !]

Did you read what I posted on the way the US used tariffs and not taxes till 1913. Many countries do this & Trump wants to also.

Did you read my reply? Higher tariffs means higher prices to the consumer. Many of the poorest people in this country already don’t pay taxes and can’t afford to with our already high medical costs! Trump just insured drug prices stay higher by killing Biden’s orders to lower drug prices. Guess he isn’t really worried about lowering costs of living for.the majority of Americans by keeping his promises to do so! His polices only help the wealthy get wealthier in my opinion. Be interesting to see how his supporters feel when they go further into debt because of higher prices on drugs, food and imported goods!

 

[rruff]

We have tax brackets so why isn't the term defined?

I think we've noted that taxable income is a poor method for determining how rich someone is...?

I started using the word oligarch (wealth + political power) a long time ago, because the typical term being used was "elite"... which is far too flattering IMO. These are the rich who undermine democracy and fair competition to suit themselves.