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"being rich is always "someone who makes more than I do."

In recent American discourse, the metric is usually the top 1% or a fraction of the top 1% (in terms of wealth and /or income). These aren't our well off neighbors, these are families that are astronomically wealthy. The top 1% of wealthiest households in the US possess more wealth than the bottom 90%.

There are plenty of people with more money then me who are nowhere near that top 1%, but few people are clamoring for them to pay more in taxes.



Top 1% in the US is a household income over $450k. That’s easily exceeded in a couple who both work in tech. We’re not talking about the super wealthy at all.


Isn't most of the U.S. in the top 1-5% of the world? Again, I'm against the tax structure to begin with... I'd rather see most exceptions eliminated.

The fact is the states are relying on that deduction to shift things... this just puts a cap on it.




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