"The contrast between Harris and Trump on taxation could not be more clear," said the executive director of the Institute on Taxation and Economic Policy.
We’re not talking just “wealthy”, we’re talking the top 1% of all income.
Most Americans would probably say people making $100k/yr are “wealthy”. That’s because the average income is less than $40k. There’s a difference between just “wealthy” and the top 1% for most people.
That’s edging toward muddying the point. You could also bring heritage (aka “race”) into the argument, or age, or disability, et al, and risk doing the same. No one’s debating granular data per geophysical location, etc., as this is a median national income bifurcation topic.
They might also use that term because they confuse it with “rich”, and that’s a whole other issue: intentionally sub-par (mis)education to maintain the socioeconomic divide.
If there is anyone who thinks that an income of nearly $700k per year doesn’t make someone wealthy, you’re insane.
We’re not talking just “wealthy”, we’re talking the top 1% of all income.
Most Americans would probably say people making $100k/yr are “wealthy”. That’s because the average income is less than $40k. There’s a difference between just “wealthy” and the top 1% for most people.
Even then, that depends a lot on where you live. $100k/year in California is a lot different than $100k/year in Mississippi.
That’s edging toward muddying the point. You could also bring heritage (aka “race”) into the argument, or age, or disability, et al, and risk doing the same. No one’s debating granular data per geophysical location, etc., as this is a median national income bifurcation topic.
They might also use that term because they confuse it with “rich”, and that’s a whole other issue: intentionally sub-par (mis)education to maintain the socioeconomic divide.