Why Rich People Feel Poor

Spare a thought for the millionaires this week. The bill from last year's tax increases has come due.
The rich aren't poor, of course, whatever their tax burden. An adjusted gross income of $389,000 puts you in the top 1 percent of earners in 2011, according to the latest IRS data. No telethons have been organized. No TV ads have been narrated by Sarah McLachlan. Even the House Republicans have been silent lately on taxes on top earners, as Bloomberg's Richard Rubin notes.

But put aside the tone-deaf rich and their caricatures in pop culture. Hold the class warfare. High-earning Americans who haven't found the right dodge, or who live in high-tax states, get socked. They contribute more or less like their compatriots in other developed nations, with few of the perks.

http://www.bloomberg.com/news/2014-04-15/why-rich-people-feel-poor.html