Who is rich?

Found an interesting tidbit in the LA Times today in the article, “Wealth is key in candidates’ tax platforms.” When asked for the demarcation for defining rich in the US, Barack Obama drew the line at 250,000 USD. McCain “somewhat flippantly” set the bar at 5M USD. To which Obama said, ” I guess if you’re making $3 million a year, you’re middle class.” A McCain aide fired back, “It’s not the job of the government to define who is rich.”

Huh? We have a graduated tax rate system, so, yes, right now, the government does define who is rich, and that would continue under McCain’s tax plan. Does McCain intend to hire stupid people to work for him a la George W. Bush? McCain needs to get his team organized (and maybe give them a civics lesson).


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