I will pay more in federal income taxes this year than ExxonMobil
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On Fri, 09 Apr 2010 10:22:05 -0700, jps wrote:
the middle owners are paying little of the tax bill. When people making
$50k pay zero $ and a person like Greg with no mortgage deduction pays
about
10%, there is little soak the middle lower earners.
The bottom wrung of the middle class is now $100K+ if you're living in
any of the top 25 cities for housing cost.
So this is Lake Wobegone where everyone is above average?
The average household income is $52,029 according to the Census
Bureau (2008)
How is the "middle" twice the average?
The definition of middle class isn't strictly tied to income, although
that's a factor. For example, I make many times that (made even more when I
was doing patent law), but I consider myself middle-class. Not sure how much
you make in your retirement, but I'm betting you consider yourself
middle-class also.
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