What do you consider to be middle inncome? (employment, gallon, poll)
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I think the better question is what is consider middle class after taxes income.
For example: a family of 4 with 2 being children making 18k get about 10k back from credits, that bring them to about 28k take home page.
However, a family of 4 with 2 being children making 40k a year also take about about 28k after tax.
So in this example, family of 4 making 18k and 40k have the same after tax income.
This post makes no sense a family of 4 @ 18k may pay less in federal income tax depending on their exemptions of course, but they still pay payroll tax. In the end they will most likely get money back during tax season. For the family of four @ 40k they most likely will pay payroll taxes and most likely not pay any federal income tax depending on exemptions of course. The major difference between the two would be amount of refund received.
If you are making 18k you will not get 10k back you may lower your taxable income by 10k. If you are making 40k and only taking in 28k with 2 kids you are a moron or letting a moron do your taxes.
Don't post about taxes if you don't know what your talking about...
I think you all are nuts if you think 100k to 150k is middle class when a large percentage of Americans are making minimum wage. Middle class to me means what the medium income is which is around 50k so I would say more like 25k to 75k.
It should also be noted I am talking about the income of a family. An individual would be different.
Well, you probably should've mentioned that.
I voted based on individual income, whereas a family would obviously require more... and given that I'm a single-person household myself, it's no surprise I didn't know you meant multi-person household! Those are two entirely different questions & situations, ya know?
We know the "average" teacher's salary in Chicago is $76k for 10 month's worth of work. Many teachers take summer jobs to supplement their incomes. That means a two-teacher family could conceivably make $200+k/year, depending upon where on the pay scale they are and how they supplement their income. IMO teachers are middle-class.
We know the "average" teacher's salary in Chicago is $76k for 10 month's worth of work. Many teachers take summer jobs to supplement their incomes. That means a two-teacher family could conceivably make $200+k/year, depending upon where on the pay scale they are and how they supplement their income. IMO teachers are middle-class.
That's also not true in every state, and as I learned personally (while working for a public school), finding summer work isn't that easy or lucrative. You really think they earn $24K in 2 months, from doing something like tutoring or working at a camp? Not likely.
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