Quote:
Originally Posted by Supreme
[You must be logged in to view images. Log in or Register.]
250k as a couple is VERY easy to accomplish.
Wealth envy seems to be a viable strategy to get elected.
Lets blame all the achievers for your failures and make THEM give you what you DESERVE!
|
Sole proprietorship and partnerships are claimed on an individuals income tax. If you own a small business that makes $250k or more you're screwed.
There are ways around it, like incorporating, but then you start getting double taxed.
Also in some cities the standard of living is very high. A married couple in these cities can probably reach $250k with relative ease, and not be all that rich.