What is "Rich"?

This question is for all non-conservatives and/or Republicans.

Can someone please tell me what the actual dollar figure is to be considered rich? For years (especially during elections) Democrats have blamed many problems on the rich. They've also claimed numerous times that the rich don't pay their fair share.

So my question is...what threshold do you have to hit to be considered rich? I don't want an answer that says..."that depends" or "it's situational". I want to know what the number is.

 

I can tell you it's not $120,000.

 

I think Obama is pretty rich. In 2006, his household income was $991,296. In 2007, it was $4.2 million.

http://articles.latimes.com/2008/apr/17/nation/na-taxes17

This is the Obama family's $1.65 million mansion in an affluent part of Chicago:

 

Don't you watch the news? It's $5 million.

 

not sure what the dollar figure would be.
I'd consider "rich" to be someone who can make basically any purchase (within reason) without having to look at his entire budget for the next several years or so.

By within reason, I mean normal items like a house (not a massive mansion type) or car (not a limited edition exoctic).

Meaning if your Caddy breaks down, you know you can just go buy a new one that day without calling your accountant or banker.
I believe only the top small percentage of America can do this. As most would have to at least check all of their finances for the near future before dropping 40k all at once.

Even if after checking, you can make the purchase comfortably you ain't rich if you had to check first.

Oh, and that whole not looking 1st ain't talking about the guy that can NOT afford it but bus it anyway without thinking.

 

There have been many times in my life when "rich" meant walking into Walmart knowing I could buy anything that caught my eye. Without asking my wife.

 

There is no real number. The only answer I have is "To let go and let God". His love and guidance is beyond all riches.

 

Rich is whatever Congress says it is. If they want your $, they are going to get it.

 

It's whatever a liberal says it is.

 

I used to think the families that made $100,000 were rich. But I was wrong, because when we hit that mark some years back, the only big difference I noticed was being able to go into a restaurant and order whatever I wanted without looking at the price.

Back when I was in my 20's, I often had to go with a $6 item at restaurants, instead of an $8 item. And...I spent $20 a week on groceries. I'm not kidding. So, I can tell you what poor is, but rich is much more nebulous.