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You wrote, "middle class" and "rich" are not terms with hard definitions.
But let's use $150K as a dividing line (why? 1> it's more than 2X median national income **; 2> it's the start of the 28% bracket (below that is 25%)

I was wondering if Wikipedia offered any help here.

This page suggests the upper class are the top 1% in income and arguably the top 5% are rich.

The 1% criteria seems to fit definitions casually used by others on other Google search hits.

You also wrote, If the small business owner is paying 39.6% then they have earnings of over $400k.
When you're making >$400k a year I do not think you are middle class. (and I think most people would agree)

This clearly seems to fit the upper class definition, since less than 1% of all tax returns report $400K or more in income.

FWIW I seem to be considered upper-middle class, based on income.

- Joel
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