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View Poll Results: What is an average middle class income?
$200K-$250K 1 2.22%
$150K-$200K 0 0%
$125K-$150K 3 6.67%
$100K-$150K 3 6.67%
$75K-$100K 11 24.44%
$50K-$100K 27 60.00%
More than $300K 0 0%
Voters: 45. You may not vote on this poll

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Old 09-14-2012, 05:30 PM  
BigRedChief BigRedChief is offline
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Romey says an average middle class income is $200,000 - $250,000 true or not?

http://abcnews.go.com/blogs/politics...d-mitt-romney/

GEORGE STEPHANOPOULOS: You know Democrats are going to be wanting to get much more detail from you on how youíre going to pay for your tax cuts. Weíve heard that at the Democratic Convention. President Clinton said your math doesnít work. I know you dispute what President Clinton said and what the Democrats that say that youíre going to have a $2,000 tax hike on middleclass families. I know you dispute that. You cite your own studies. But one of the studies you cite by Martin Feldstein at Harvard shows that to make your math work, it could work, if you eliminate the home mortgage, charity, and state and local tax deductions for everyone earning over $100,000. Is that what you propose?

MITT ROMNEY: No, thatís not what I propose. And, of course, part of my plan is to stimulate economic growth. The biggest source of getting the country to a balanced budget is not by raising taxes or by cutting spending. Itís by encouraging the growth of the economy. So my tax plan is to encourage investment in growth in America, more jobs, that means more people paying taxes. So thatís a big component of what allows us to get to a balanced budget.

GEORGE STEPHANOPOULOS: But his study, which youíve cited, says it can only work if you take away those deductions for everyone earning more than $100,000.

MITT ROMNEY: Well, it doesnít necessarily show the same growth that weíre anticipating. And I havenít seen his precise study. But I can tell you that we can lower our ratesĖ

GEORGE STEPHANOPOULOS: Well, you cited the study, though.

MITT ROMNEY: Well, I said that there are five different studies that point out that we can get to a balanced budget without raising taxes on middle income people. Let me tell you, George, the fundamentals of my tax policy are these. Number one, reduce tax burdens on middle-income people. So no one can say my plan is going to raise taxes on middle-income people, because principle number one is keep the burden down on middle-income taxpayers.

GEORGE STEPHANOPOULOS: Is $100,000 middle income?

MITT ROMNEY: No, middle income is $200,000 to $250,000 and less. So number one, donít reduceĖ or excuse me, donít raise taxes on middle-income people, lower them. Number two, donít reduce the share of taxes paid by the wealthiest. The top 5% will still pay the same share of taxes they pay today. Thatís principle one, principle two. Principle three is create incentives for growth, make it easier for businesses to start and to add jobs. And finally, simplify the code, make it easier for people to pay their taxes than the way they have to now.
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Old 09-15-2012, 01:33 AM   #106
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Originally Posted by Tom.Jay61 View Post
I can't do that without somebody showing the formula they used to determine what "middle class" is.

Or is it just an arbitrary term being used to agitate class warfare?
It's an arbitrary term but I won't just blame one side.. I blame both for using it senselessly and especially the media.
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Old 09-15-2012, 01:39 AM   #107
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Originally Posted by AustinChief View Post
It's an arbitrary term but I won't just blame one side.. I blame both for using it senselessly and especially the media.
I hear ya.

If "middle" means "average" then i think it's a fair assumption (without actually doing the math) that the average income in American could be $250 k a year.

Of course, statisticians can manipulate variables to get any outcome they want. For example, using a "median" instead of an 'average' and getting rid of the highest and lowest figures to get a more "accurate" reading.
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Old 09-15-2012, 03:19 AM   #108
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We talking gay households as well???
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Old 09-15-2012, 04:20 AM   #109
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I defended Obama on the "You didn't build that" statement, and I'll defend Mitt on this one. Problem is, most people are going to leech onto whatever fits their motives regardless of context. Politics baby, yeah!
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Old 09-15-2012, 05:35 AM   #110
Mile High Mania Mile High Mania is offline
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Originally Posted by DaneMcCloud View Post
Not in a city like Los Angeles, New York, Chicago, etc.
No sh*t... which is why my comment ended with "Really depends on WHERE you live and the dependents."

I think people get too wrapped up in a number and don't take other factors into account. $200k today isn't what it was in the 80s. That's why I disagree strongly with the narrative of taxing those that make over $250k more and lumping them into the 'tax the rich' bullsh.

If you don't have a college degree, or a specific skill that sets you apart from the store clerk at 7-11 and you live in rural America... yeah, you have limited options. Sorry about that, but you make the most of what you've got and you enjoy life. But, that's morean issue of circumstance and geography.
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Old 09-15-2012, 07:32 AM   #111
Direckshun Direckshun is offline
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I will say that it is in no way middle class. It's top 10%, isn't it?
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Old 09-15-2012, 07:45 AM   #112
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Quote:
Originally Posted by Direckshun View Post
I will say that it is in no way middle class. It's top 10%, isn't it?
According to the 2004 census, households over $157K are considered in the top 5%. It may be higher than that today, that was the most recent data I could find.

http://en.wikipedia.org/wiki/Househo..._United_States
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Old 09-15-2012, 08:05 AM   #113
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Good grief....I might not even vote. Both these candidates are a complete joke.
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Old 09-15-2012, 08:46 AM   #114
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Originally Posted by BigRedChief View Post
But, the point of the thread was to see how many agree with romney, If you are making $200K-250K are you "middle class"?
BRC, do you have a reading disability? Seriously. Romney didn't say that. What he said was that the middle class extends up to $200K-$250K. He didn't say that that was the "average" or that that was the entire range. Good grief.
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Old 09-15-2012, 08:49 AM   #115
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Originally Posted by AustinChief View Post
If we go by people that self-identify as "middle class" the range is probably $40k to $300k per household of 3-5 people. Again, it's just too simplistic a term to try to explain more complex situations than it can possibly cover.
OMG! You're worse than Romney. How many people agree with AustinChief that you have to earn $300K to be middle class?!!!! /BigRedChief
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Old 09-15-2012, 08:51 AM   #116
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OMG! You're worse than Romney. How many people agree with AustinChief that you have to earn $300K to be middle class?!!!! /BigRedChief
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Old 09-15-2012, 08:53 AM   #117
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I'm glad to see this was finally figured out. After reading the first 30 posts or so with no one pointing out how ridiculous this thread was, I was starting to think you were all nuts.
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Old 09-15-2012, 08:58 AM   #118
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What's the average household income in high cost of living cities?

IMO even in the city with the highest cost of living, 250k is upper middle at the minimum.
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Old 09-15-2012, 09:05 AM   #119
BigRedChief BigRedChief is offline
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BRC, do you have a reading disability? Seriously. Romney didn't say that. What he said was that the middle class extends up to $200K-$250K. He didn't say that that was the "average" or that that was the entire range. Good grief.
Theres that bubble again.

If his statements could not have been taken as defining an individuals "normal" income in the middle class, why did his campaign go on full CYA spin when this interview hit the airwaves. He released statements, added it to his stump speech, Ryan clarified the interview etc.
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Old 09-15-2012, 09:05 AM   #120
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Off topic, but I just ordered my Romney/Ryan yard sign. I make less than 50k per year so I hope I don't embarrass those evil upper middle class folks who make 250k per year.
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