Reply to post: Re: Thomas Claburn - Define Wealthy

Republican tax bill ready to rescue hard-up tech giants, struggling rich

ckm5

Re: Thomas Claburn - Define Wealthy

It's probably easiest to define as what percent your earnings fall into. I would argue that anyone in the top 2% of earnings is 'rich' (over $400k/year in the US)+. Of course, a lot depends on geography as well, but I have yet to see a geographically weighted earnings percentage chart.

Just as a side note, in San Francisco a family of four is considered below poverty if they earn less than about $105k*, which in some parts of the US would make them rich....

+ http://money.cnn.com/calculator/pf/income-rank/index.html

* see https://www.huduser.gov/portal/datasets/il/il2017/2017summary.odn

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2019