Comment How do you Determine if you are rich? (Score 1) 760
It gets very complicated. The reason many wealthy people get low taxes, is because they know how to move the money they are not using at the moment away from being taxable. So on paper they may be earning 50k a year. While their net worth may be billions of dollars.
However you also have people with a high net worth, but do not really make a lot of money. For example farmers, They have millions of dollars in Land and equipment, However their quality of life is rather middle class. We really need to find a way to sort out The Wealthy people who look poor on paper, and poor who look wealthy on paper.