Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Also the poll choices are a bit misleading, taxes wouldn't be raised on the first "middle-class" $250k of income, but only every dollar earned past that. And I think the raise would be 3, at most 4%. So your hypothetical middle-class family earning $300k would see their taxes raise $50k*0.03 = $1500. That's 0.5% of their income.
In any case if the family can take deduction (home mortgage interest, children, etc) the effective tax bracket would be somewhat higher than $250k.
See there you go again painting in broad strokes. You would probably consider me to be left leaning, given the demographics of this forum, but I'm not crying about people who make too much money. I could care less. I also could make blanket statements about how the right think that public employees make too much money because apparently they think teachers, firemen, garbagemen, and police officers shouldn't make more than 35k a year with no benefits. But then I'd be just as wrong as you and your statement. In this thread, we tried to establish where 250k falls on the class meter. It should fall in the upper middle class range. You really can't argue that. If you chose to live in the middle of Manhattan then you are going to be paying rich people prices.
I am not "painting in broad strokes" at all. It is the leftties policies that want to deem people making 250k rich and therefore take more in taxes from them. The left has been creating class warfare for some time and that is not something that can denied....just turn on the tv and watch any mainstream media outlet.
If you are of the ilk 'I will be responsible for myself and not try to take from others' than good for you! Most left are not.
In determining where 250k falls on the class meter, it should be looked at according to cost of living where one lives, along with other factors. It can not, and should not, be determined based on a base number.
Additionally, those owning businesses with employees (big or small) should not be chastised by the left if they are successful and in doing so, personally secure a nice lifestyle.
There's a lot of people that are trying to correlate US median household income with the middleclass income. This is not a good way to categorize the middle class at all.
N.Y.C. so costly you need to earn six figures to make middle class
A New Yorker would have to make $123,322 a year to have the same standard of living as someone making $50,000 in Houston.
In Manhattan, a $60,000 salary is equivalent to someone making $26,092 in Atlanta.
You knew it was expensive to live in Manhattan, but Queens? The report tagged Queens the fifth most expensive urban area in the country.
Full-time day care costs can run up to $25,000 a year for one child
There's a lot of people that are trying to correlate US median household income with the middleclass income. This is not a good way to categorize the middle class at all.
Then perhaps you could be so kind as to define the US middle class as from this much income at the low end to that much at the high end so I can figure out where I stand in the grand scheme of things. Thank you.
NYC is just one city. We need include the rest of the country too.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
