When median income in the US is closer to $50K,why do they include 6 figure incomes in middle class tax cuts?
Maybe $250k isn't $1 million, but $50k is hardly $250k either
Maybe $250k isn't $1 million, but $50k is hardly $250k either
Bonkers!
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Because the average government worker now earns $123k in pay and benefits. A couple would earn approx $250k. An amazing coincidence, huh?
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Median very own earnings is $22,000. it is the median kin earnings you indexed. and because one hundred-250 continues to be center type, for my area. i think the common distinction between center type and not center type is components different than earnings. earnings is often a center type ingredient; the top instructions normally produce different components like shares, bonds, property and so on. and picture approximately it. people making one hundred+ contain medical doctors. i don't think of medical doctors are absurdly prosperous, do you? The conflict over earnings is often a conflict approximately taxing the middle type. in case you like to tax the top type, you're able to tax capital features and different components (wealth, not earnings).
pdooma
In the powerhouse voting areas, $250,000 IS middle class. Manhattan. San Francisco. DC. Chicago. Boston. Etc. You don't want to bite the hand that feeds you.
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$50,000 is median income?
How many $15,080 jobs(federal minimum wage) does it take to offset the total US Millionaire's/Billionaire's income to bring it to the $50,000 median?
How many $50,000 income households can employ of each Millionaire's or Median income employees?
How many Unemployed/Underemployed/not looking/given up's does it take to employ one employee?
Sorry what was your Question.... LOL
Mujer Alta
Money=access=influence. Members of congress are paying back their big donors who mean a lot more to them than us little, nothing shmucks.
Check out this article from Bloomberg. The wealthy aren't spending their tax break money. Duh! Since they already have what they need, of course they save and/or invest anything extra that comes their way ... and there's nothing preventing them from investing in offshore/overseas markets.
http://www.bloomberg.com/news/2010-09-13/rich-americans-save-money-from-tax-cuts-instead-of-spending-moody-s-says.html