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Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by sneak on Saturday September 26, 2020 @02:22PM (#24600954)
Low six figure salaries are barely middle class in many cities the US.

The kinds of rich people being discussed in this thread are still a very small percentage of six-figure+ earners. I would venture to say (no pun intended) that most HN readers are not accredited investors.

Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by StavrosK on Saturday September 26, 2020 @02:49PM (#24601189)
Sure, but "middle class" doesn't really mean much, the median income in the US is $61k.
Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by JackFr on Sunday September 27, 2020 @02:11AM (#24604595)
Is that per capita, per household or by tax return?
Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by heylook on Saturday September 26, 2020 @05:21PM (#24602238)
I'm a little thick. What are you implying here?
Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by StavrosK on Saturday September 26, 2020 @05:29PM (#24602300)
I mean that "middle class" doesn't mean you're in the median.
Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by perl4ever on Saturday September 26, 2020 @05:32PM (#24602320)
I believe the median salary in Loudoun County, VA, which is the richest county in the US or close, is around $70K. The lower boundary of "middle class" must be lower, then.

So I continue to think that the six-figure norm people talk about is within a "reality distortion field".

Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by sthnblllII on Saturday September 26, 2020 @06:08PM (#24602558)
Median incomes in metro areas all over the US often exceed 120k, meaning one half of people earn more than that.
Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by rsynnott on Saturday September 26, 2020 @09:56PM (#24603588)
Not sure if that’s right. Median income for SF is 74k, for instance.
Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by JackFr on Sunday September 27, 2020 @02:12AM (#24604599)
Is that income or salary?