That is not what I`m saying at all. What I`m saying is what the Democrats build their entire existence on and have for the last 4 years. "Tax cuts for the wealthy", the "rich", and the hurt the GOP puts on the "middle class".
The fact is $250k is not "rich". It is not "wealthy", and $45k is pretty darn close to poor. You`re correct, 250k is top 5%. Actually, an annual income of $145k is Top 5%. I am arguing that there should be NO tax increases for ANYONE. IMO Dems need to stop talking about the "wealthy" and the "middle class" pitting them against each other.
Whether $250k is "rich" or not, it is certainly "well-off" and certainly better off than 95-98% of the rest of the population...and thus quite a bit less to worry about in purely financial terms.
The dems aren't the only ones talking about class; the repubs are trying to pitch tax cuts for the wealthy as the vehicle for job creation - at root a class argument, especially when made to those who aren't wealthy.
The problem is that tax increases are inevitable, regardless of who wins the presidency. The only questions are which taxes and paid by whom...