Quantcast

Middle Class Income is ....?

Joe Shwingding BN-ZERO 2012/09/14 17:25:13
Romney: 'Middle-income' is $200K to $250K and less

Romney defines 'middle-income' as $200,000 to $250,000 and less in annual income

OSTON (AP) -- Mitt Romney is promising to reduce taxes on middle-income Americans.

But how does he define "middle-income"? The Republican presidential nominee defined it Friday as income of $200,000 to $250,000 a year and less.

The definition of "middle income" or the "middle class" is politically charged as Romney and President Barack Obama fight to win over working-class voters. Romney would be among the wealthiest presidents, if elected, and Democrats have repeatedly painted him as out of touch with average people.

Obama also has set his definition for "middle class" as families with income of up to $250,000 a year.

Romney's comments came an interview broadcast Friday on ABC's "Good Morning America."

"No one can say my plan is going to raise taxes on middle-income people, because principle number one is (to) keep the burden down on middle-income taxpayers," Romney told host George Stephanopoulos.

"Is $100,000 middle income?" Stephanopoulos asked.

"No, middle income is $200,000 to $250,000 and less," Romney responded.


So my question is ... What is the cut off point for being in the middle class and being poor working class? Remember the median is $50K.

Read More: http://finance.yahoo.com/news/romney-middle-income...

You!
Add Photos & Videos

Top Opinion

  • luvguins 2012/09/15 01:15:12
    luvguins
    +4
    Middle class income is dropping yearly as it had for over 30 years with Reagan's voodoo trickle up to the rich economics. 16% now have poverty level wages. Yet Romney wants to give the rich more. The CBO and other experts say his plan will add massive debt.

Sort By
  • Most Raves
  • Least Raves
  • Oldest
  • Newest
Opinions

  • Keeping It Real 2012/09/15 01:42:11
    Keeping It Real
    +1
    It is my opinion that the reason the president uses up to $250,000 as a reference to the middle class, because he's factoring in small businesses. The president recognizes that medium income is not considered that high.
  • luvguins 2012/09/15 01:15:12
    luvguins
    +4
    Middle class income is dropping yearly as it had for over 30 years with Reagan's voodoo trickle up to the rich economics. 16% now have poverty level wages. Yet Romney wants to give the rich more. The CBO and other experts say his plan will add massive debt.
  • Joe Shw... luvguins 2012/09/15 01:16:50
    Joe Shwingding BN-ZERO
    +3
    thats how Reaganomics works. And CONs think they are the "conservative party". LMAO
  • luvguins Joe Shw... 2012/09/15 01:52:28
    luvguins
    +2
    Exactly, Joe. It has to stop before we are a banana republic.
  • Max 2012/09/14 18:06:38
    Max
    That amount may be upper-middle-class income he's talking about.
  • Joe Shw... Max 2012/09/14 18:16:05
    Joe Shwingding BN-ZERO
    +2
    perhaps but according to the article he didnt make that distinction. Could it be that he just doesnt have a clue?
  • Max Joe Shw... 2012/09/14 20:48:20
    Max
    +1
    That's likely for a multimillionaire.

News & Politics

2013/06/19 19:49:17

Hot Questions on SodaHead
More Hot Questions

More Community More Originals