On 4/9/10 4:41 PM, jps wrote:
On Fri, 9 Apr 2010 13:22:39 -0700, "Bill McKee"
wrote:
wrote in message
...
On Fri, 09 Apr 2010 13:53:42 -0400, wrote:
On Fri, 09 Apr 2010 10:22:05 -0700, 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?
1. There's a lot of folks who don't live in the top 25 cities for
housing cost.
2. Middle class doesn't mean "average." The average in Mexico is dirt
poor. They don't have a middle class.
3a. Middle class is defined by the availability of disposable income.
$50K doesn't leave a lot of room for disposable cash unless your house
and cars are paid for and you have no kids at home.
3b. Having to eat beans and rice everyday and live in a hovel in order
to have disposable income doesn't make you middle class.
50k even in Seattle is middle class.
Not a bloody chance. Upon what do you base your opinion?
Your definition of middle class is different than mine and probably
the dictionary too.
"The socioeconomic class between the working class and the upper
class, usually including professionals, highly skilled laborers, and
lower and middle management."
You can't survive in a decent home on a single $50K income here, which
is approximately what's described above.
Working class is $50K/household. 20K is well into poverty.
A construction worker in the skilled trades does a little better than
that in Seattle, and, typically, their spouses work, too, in order to
decently house, feed, educate, clothe themselves and their kids.
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