Written by Greg DeSilva
What is the “Rich Peoples Tax” ? Its when you call a contractor for lets say central air in your 1700 square foot house. You have the one unit installed for the price of X. A few years down the road you have done well financially, and now have been able to live in a much bigger home, lets say 6,000 square feet. This home has basically the same central air units as your previous home, but has 3 of them. So you call a contractor to come take a look. They come by and see your new range rover next to your wife’s or husband’s Mercedes in the the driveway, and check out the beautiful $6,000 square foot house you’ve worked so hard for. That same A/C unit now costs 10X, and you have 3 of them. That’s what I mean when I say “Rich People’s Tax”.
I have been judged in my life a time or two. Its not fun when you notice it, and frankly it is not right in my opinion. So, what good is this information? other than telling that things will cost you more now? Well, did you know some contractors are actually trustworthy… Some even put their pricing right on their websites to earn your trust and be transparent. Take the time to look for those that do, I can assure you, they are most likely the best to work with.