Since when are singles earning over $100,000/yr considered “high income” in Southern California?
By what definition isn’t it high income? Especially since in this context high income means “high enough that you can afford to pay a slightly higher tax rate”, not “high enough that you can afford to start your own country”. It’s more than 90-some percent of *household* incomes in the area, and it’s enough to support a much-more-than-comfortable lifestyle for a single person. How is it not high income?
(Note that I haven’t even read the article you link to… this isn’t a comment about that particular AMT proposal.)
