Re:Please Don't Show Us Another “Typical Family Earning $270...
by betterunix2 on Friday December 22, 2017 @06:28PM
(#15991758)
The thing is, the top-10%-but-not-1% band gets hit the hardest with taxes. You are not living on tax-advantaged income from your investments (i.e. you are still working for your money), but you are in a fairly high tax bracket (you could be paying more than 40%, maybe even more than 50% of your income in taxes). That is the income band with the highest marginal tax rate (i.e. the tax rate per extra dollar of income).
$165k houshold income puts them barely outside the top 10% of households, though [0]. Its not unrealistic, per se (its not the top 1%, for example), but ~90% of households make less than that, so its not particularly useful, either.
[0] https://dqydj.com/united-states-household-income-brackets-pe...