I just finished my Federal taxes for 2012 .....

[hfojvt]

18. you make over $100,000 a year for not working

and you think you are not rich?

I made a mere $31,329.74 for working full time all year. Made $152.37 in interest and $67.70 in dividends. Made about $500 in capital gains, but it gets recorded as a $175 loss because of FIFO accounting.

Total tax was $1719.or 5.48% of my total income.
or 6.77% of my AGI
or 11% of my taxable income

Not including the $1,843.82 that I paid in FICA taxes (which is also taxable income)
or the $1,305.46 taken for my retirement.

You are thankful you live in a state with no income taxes.

Ouch.

Because of its lack of income taxes, the poorest 20% in Texas, who make less than $19,000 a year (often for working) pay an average tax rate of 12.6%. Your income, even though you no longer have to work for it, puts you in the top 20% in Texas, which makes over $90,000 a year and pays an average tax rate of 6.1%. 60% of Texas households make less than $52,000 a year.

Maybe your income is just unusually high this year because of some big capital gains, but even $70,000 a year for not working - is rich.