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Fear Mongering for Fear Mongers

209
iossarian6/24/2011 12:09:43 pm PDT

re: #203 darthstar

250 in net would be nice, I agree. But that would require making about 350…we’re not there…yet.

OK, I should clarify:

I’m talking about $250K income in the sense that most households have income, i.e., salary. But before tax.

I said “net” to distinguish this from small business owners who have gross turnover that is potentially more than this, but out of which they pay business expenses.

I believe that, if you are reporting $250K as your “household income” before tax, you are rich (obviously provided that this is a fairly stable source of income).