6.16.2012

The Middle Class

Households making between $250K and $1M a year are not ‘middle class’ | Economic Policy Institute:

87% of US households make less than $100,000, yet our media and political elites fail to act on taxes because they can't agree if an annual income of  $250,000 a year is middle class. Let me help them....

If 87 out of 100 US families make less than $100,000, then  $250,000 a year is NOT "the middle class". 

Sure $250,000 in New York City is not the same as $250,000 in Bumfuck, Kansas but who cares? You're just not talking about that many households. 87 out of 100 households make way less than that. A tax increase on those over $250,000 is not going to touch most Americans.

Raise the damn income tax on those making over 250,000 and do something positive with the money.

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