Romney defines "Middle Income" as $200k-250k

[downzero]

It sure as heck isn't upper class, especially when you take out taxes. And no, I don't make half that much.

It's over 5x what the average person makes. How could it be anything BUT upper class?

 

[GBuck]

I make less than a quarter of that...hell yeah it's upper class. Not rich but damn close.

But... BUt.... You drive a BMW! You must be rich!!!

 

[mrjarrell]

It's over 5x what the average person makes. How could it be anything BUT upper class?

Lots of middle class small business people don't incorporate and their personally owned companies put them in that range. It is middle class, just at the upper end.

 

[drillsgt]

I always thought middle class was someone who owned their home...had a couple of cars...was not on food stamps or medicaid...had to watch their pennies but could afford everything they need. Putting a dollar amount on it with out a wide range would be nuts considering the cost of living varies so much in each area of the country..

It's a matter of perspective I suppose. If you made that much and lived out here in Greenfield in my neighborhood you would be well off no doubt. If you make that much and want to live around Geist then you may find your money not stretching as far, add in car payments, child care, and other bills etc and you're probably doing about the same proportionally as somebody making much less.

 

[Survivalcookie]

It's a matter of perspective I suppose. If you made that much and lived out here in Greenfield in my neighborhood you would be well off no doubt. If you make that much and want to live around Geist then you may find your money not stretching as far, add in car payments, child care, and other bills etc and you're probably doing about the same proportionally as somebody making much less.

Exactly in the middle you are not poor and you are not rich.

 

[Denny347]

But... BUt.... You drive a BMW! You must be rich!!!

Used. I do ok. We have a modest house, and have everything we NEED. If I made 4x's what I make now, I could easily afford a half a million dollar house. Is living comfortable in a $500,000 house middle class? I still think not. Middle class, 30k to 120k a year. I think that is where the majority of us live.

 

[nsheepdog]

I don't believe in such a thing as "middle class" in America.
I'm sure as hell going to vote for Romney-Ryan.

 

[Kutnupe14]

I don't believe in such a thing as "middle class" in America.
I'm sure as hell going to vote for Romney-Ryan.

(Notes your location) lol

 

[nsheepdog]

Don't live in Carmel anymore, but it's irrelevant.

(Notes your location) lol

 

[griffin]

250k is NOT middle class.

Yes, it is.

 

[superjoe76]

Man, if my wife returned to the workforce and made the exact same as I do, we would only be at 40% of that! Damn, woman needs to get a job.

But then who'd make my breakfast?

 

[Denny347]

Yes, it is.

No it's not.

 

[Expat]

Wow, some of you own houses and have cars? That doesn't seem fair.

 

[Denny347]

Wow, some of you own houses and have cars? That doesn't seem fair.

Well, the bank actually owns them...they just let us use them.

 

[Willie]

Lots of middle class small business people don't incorporate and their personally owned companies put them in that range. It is middle class, just at the upper end.

Yep. Even with an S cooperation that profit goes through your regular income tax return. $200,000 is not "rich" by a long shot...

 

[GBuck]

Denny is a JBT AND a rich elitist snob!

 

[cobber]

Wow, some of you own houses and have cars? That doesn't seem fair.

I bought a new pair of shoes last week. I expect the 'village' to be over to borrow them soon.

 

[Expat]

I bought a new pair of shoes last week. I expect the 'village' to be over to borrow them soon.

Actual new shoes and not ones from the Goodwill... wow, that doesn't seem fair.

 

[Expat]

Well, the bank actually owns them...they just let us use them.

So the bank actually gave you a loan for a house? Wow, that doesn't seem fair.

 

[GBuck]

Wow, I went to GoodWill to buy some shoes, but instead I just bought the store.