Middle class is now under $150K a year.

Lies! Middle Class = under 5 million.

 

Considering that the median HH income in the US is 50k, and that statisticians and economists traditionally define it as 25k-99k what is your point?

OTHER THAN EPIC MEGA PANDA FAIL FAIL?

 

RED ALERT! RED ALERT! RESIST THE UNFAIR TAXATION PANDA BRIGADE MUST UNITE!

 

The Obama / Biden ticket is being generous. $150,000 is NOT the middle class.

Household income distribution

Bottom 10% $0 to $10,500
Bottom 20% $0 to $18,500
Bottom 25% $0 to $22,500
Middle 33% $30,000 to $62,500
Middle 20% $35,000 to $55,000
Top 25% $77,500 and up
Top 20% $92,000 and up
Top 5% $167,000 and up
Top 1.5% $250,000 and up
Top 1% $350,000 and up

SOURCE: US Census Bureau, 2006; income statistics for the year 2005

In 2005, approximately one and half percent (1.5%) of households in the United States had incomes exceeding $250,000 with the top 5% having incomes exceeding $157,000. - "U.S. Census Bureau, income quintiles and Top 5%, 2004".

FAIL FAIL

不及格 不及格

 

I still love the Panda references.

 

Explain the panda references to me please?

 

ling ling = famous pandas

not sure if they are referring to http://en.wikipedia.org/wiki/Ling-Ling_and_Hsing-Hsing
or
http://en.wikipedia.org/wiki/Ling_Ling_(panda)

 

I am sure Ling Ling disapprove of this poster disgracing her good name on this BBS!

 

250k a year middle class is a total joke. I am sure pretty soon it would be if you make less than one mil you are poor.

 

I'm not sure that it matters what middle class is, though it seems like everyone wants to consider themselves middle class. Obama's tax plan draws a line at $250k (jointly); it doesn't matter if that's a threshold in classes or not.

 

I think the line is 100-150 (jointly) to stop the tax cuts (or welfare/tax credit) then 150 to 250 will be unchanged and over 250 is a rate increase.

 

Okay. That's a useful way of breaking it down to know if you stand to gain/lose/break-even. Still not associated with arbitrary class distinctions.

 

Middle class: best defination is middle 50%-60% why else would they call it the middle class. When you are in the top 3-5% of families how could you think of yourself as middle class?

 

<embed id="VideoPlayback" src="http://video.google.com/googleplayer.swf?docid=8922875251875301807&hl=en&fs=true" style="width:400px;height:326px" allowFullScreen="true" allowScriptAccess="always" type="application/x-shockwave-flash"> </embed>

 

deepblue will tell you - it's hard to get his Dodge Stratus washed and waxed - he lives in an expensive area!

 

Because there's always somebody richer than you. Even if you're making $350K a year, Bob down the street makes more. He's got better cars and takes better vacations. Booohoooo!

 

What does that has to do with you being a middle class?