Posted by David Bernstein:
More on the "Rich":
http://volokh.com/archives/archive_2009_02_22-2009_02_28.shtml#1235854269
I caught some flack from commenters a couple of days ago after
wondering aloud how purportedly "rich" Obama supporters who have a
family income in the 250 to 380K range and who live in expensive,
high-tax urban areas, especially those with hefty mortgages and large
child-care expenses, feel about his tax plans. Some commenters
suggested that even raising the question suggested I was an
out-of-touch troglodyte.
So imagine my amusement to read the following today in that bastion of
reaction, the New York Times:
The wealthiest stand to lose the most under President Obama�s
proposed budget, while individuals with lower incomes could gain in
many different ways. But many of those in between � those with
household incomes of $200,000 to $400,000 or so � may not see as
much of a difference in their tax bills as they may have feared.
Plenty of people in this income range live in high-cost areas of
the Northeast and California and stretched, rightly or wrongly, to
afford their homes when real estate prices were higher. They may
not consider themselves rich at all, laughable as that may seem to
people earning far less in the middle of the country. But they've
been worried sick as the president has persistently defined them as
rich enough to pay more in taxes �at the exact moment when their
jobs may be in danger or their small businesses or commission
income may be suffering.
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