27 Jan 2025 11:04 am
You think I give a **** what you call me?Cannonpointer » 27 Jan 2025, 11:35 am » wrote: ↑ The actual headline of your source:
"Here's how Trump law limiting your property tax break hurt Jersey's middle class"
You admit that you are middle class - not "wealthy." That was all I said. And you just admitted it.
Thank you.
I've got several million in investment accounts, a new 3 bed, 3 bath home with no mortgage worth over half a million within an upscale gated community with our own 18 hole private golf course and both indoor and outdoor pools, two libraries, a full gym and a huge game room, my wife has a great pension and hasn't even started drawing her SS yet, great health insurance in Medicare plus a supplement, we own two cars outright, and have zero debt.
You can call my status whatever makes you feel better about yourself. Most paupers feel the need to do so.
The opinions of ignorant morons like yourself haven't bothered me for over 50 years.
But obviously, you needed to respond to the fact that I exposed you as an ignorant buffoon regarding how many of the wealthy (or as you prefer, the "middle class") have been hurt by the Trump tax cut.
So you've given me yet another opportunity to prove what an ignorant blowhard you are when you have zero understanding of what qualifies a person to be considered "wealthy":
Maybe it's time you learned to shut the **** up when you're so totally clueless about the facts you pretend to be an expert on?What is considered wealthy in NJ?By Duane Haynes June 17, 2024
What is wealthy in New Jersey?
To be in the top 20% of earners in New Jersey, one needs to make at least $181,484 annually. To be in the top 5%, an income of at least $250,000 is required. The income controlled by the top 5% in New Jersey is 22.9%, which is the 16th highest.
What is the 1% wealth in New Jersey?
To be in the top 1% of wealth in New Jersey, one needs to have an income of more than $800,000. These high earners also pay one of the steepest tax rates in the country.
At what point are you considered wealthy?
Someone who has $1 million in liquid assets is usually considered to be a high net worth (HNW) individual. To have a very high net worth, one might need $5 million to $10 million or more.
What is considered wealthy in 2023?
Based on the Charles Schwab Modern Wealth Survey, having a net worth of $2.2 million will be considered wealthy in 2023.