I agree with **msmith **and others that it is extremely important to distinguish between income and wealth. And it’s also important to consider what the costs are to you of maintaining that income stream, because that affects your ability to accumulate wealth. I’m fine with $250k, particularly for a single earner, as definition of very high income. If you are earning something like that in the more affordable parts of the country and are NOT attaining wealth, you are probably smoking it or burning it in your fireplace, or perhaps you are the Duggars. There are plenty of places where you can buy a decent house outright for half that. What will you spend your money on next year?
On the other hand, if you are in one of the costly metro areas and in a a field where you need to live in that type of area and maintain a certain lifestyle to succeed, that doesn’t go nearly as far to accumulate wealth. On the other hand, you are experiencing that lifestyle. A great, though older, book on this topic is Die Broke. The *Millionaire Next Door *series also gives good perspective on wealth vs. income.
The US government generally has an easier time taxing income than wealth. Capital gains taxes, inheritance taxes, and property taxes are taxes on wealth. Not surprisingly, the wealthy can bring considerable resources to bear to oppose taxes like that.