Your “rich” is just upper class, and your “super rich” is mostly just well off.
Anyone in the 500k to 1000k range are the almost rich. These are the people who will feel “tax hikes on the wealthy” the most. On paper their income is great but then taxes bump them down a social class.
When you clear the 1000k range and are well on your way to 2000k, after taxes you’re still making a million or so a year depending where you live, so still safely a millionaire and thus rich (two commas club).
However, it’s worth noting there are more and more millionaires these days. These are “inflation” millionaires. A true “millionaire” in the spirit of what the word meant in the time it was first coined (early 1900s) would be someone who has a net worth of around 25 million USD today.
Someday merely being a millionaire won’t be rich or impressive at all.
>>after taxes you’re still making a million or so a year depending where you live, so still safely a millionaire and thus rich (two commas club).
A millionaire just has a net worth greater than or equal to a million dollars. They don't need to have an after-tax income greater than or equal to a million dollars.
Anyone in the 500k to 1000k range are the almost rich. These are the people who will feel “tax hikes on the wealthy” the most. On paper their income is great but then taxes bump them down a social class.
When you clear the 1000k range and are well on your way to 2000k, after taxes you’re still making a million or so a year depending where you live, so still safely a millionaire and thus rich (two commas club).
However, it’s worth noting there are more and more millionaires these days. These are “inflation” millionaires. A true “millionaire” in the spirit of what the word meant in the time it was first coined (early 1900s) would be someone who has a net worth of around 25 million USD today.
Someday merely being a millionaire won’t be rich or impressive at all.