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Romney - Middle class is $200K - $250K - 9/14/2012 11:11:10 PM   
JanahX


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Status: offline 		Romney on Good Morning America said that middle class families have an income of up to $250,000 a year.

This guy is completely out of it.
He obviously lives somewhere else besides the US.


http://www.washingtonpost.com/national/romney-defines-middle-income-as-250k-and-below/2012/09/14/14b17e52-fe73-11e1-98c6-ec0a0a93f8eb_story.html

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RE: Romney - Middle class is $200K - $250K - 9/14/2012 11:15:55 PM   
yourdarkdesire


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Status: offline 		Shit, no wonder I feel like I am living in the poor house.

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 9:36:47 AM   
Fellow


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Status: offline 		It is a matter of definition. NY Times argues around this question: http://economix.blogs.nytimes.com/2012/09/14/defining-middle-class/

It is interesting about half of Americans consider themselves being middle class. Medan income at the same time is order of magnitude less (and falling fast) compared to the Romney description.

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 12:07:59 PM   
blacksword404


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quote:

ORIGINAL: JanahX

Romney on Good Morning America said that middle class families have an income of up to $250,000 a year.

This guy is completely out of it.
He obviously lives somewhere else besides the US.


http://www.washingtonpost.com/national/romney-defines-middle-income-as-250k-and-below/2012/09/14/14b17e52-fe73-11e1-98c6-ec0a0a93f8eb_story.html


I would put it at between $60,000 to a million. Depending on where you stay. $60,000 in new York in damn closer to poor than middle class. But $60,000 in arkansas and you would do fine.

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 12:24:59 PM   
Fellow


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quote:

I would put it at between $60,000 to a million.

Are you joking. It may be a few years from now when hyperinflation will kick in. I agree with Obama in this point: above 250,000 a year should be considered rich.

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 2:00:20 PM   
blacksword404


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quote:

ORIGINAL: Fellow

quote:

I would put it at between $60,000 to a million.

Are you joking. It may be a few years from now when hyperinflation will kick in. I agree with Obama in this point: above 250,000 a year should be considered rich.



Cost of living in some places is high as hell. And you have no idea what the persons business model is. They may make a million and end up reinventing half to keep the business running.


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RE: Romney - Middle class is $200K - $250K - 9/15/2012 2:08:38 PM   
subrob1967


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Status: offline 		Let me get this straight...

President Obama thinks any family with an income of 250K or more deserve tax increases because they're not paying their fair share.

Romney says the middle class ends at 250K and anything above that is upper class.

Now JanahX seems to have a problem with Romney's statement, but gave Obama a pass for using the same dollar amount.

Who is out of touch here?

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 2:10:24 PM   
stef


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quote:

ORIGINAL: subrob1967

Who is out of touch here?

You, Romney, pretty much anyone who is here tonguing the Tea Party's sack on a daily basis.

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 2:29:26 PM   
graceadieu


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quote:

ORIGINAL: blacksword404

I would put it at between $60,000 to a million. Depending on where you stay. $60,000 in new York in damn closer to poor than middle class. But $60,000 in arkansas and you would do fine.


That's pretty out of touch, man. Now, it does depend on where you live - places like NYC or DC or LA do have both higher wages and much high cost-of-living than, say, Detroit, so what constitutes "middle class" is going to be different. But $1 million/year is very solidly upper-class anywhere in the world, and in a lot of spots in the US $60,000 is upper-middle.

I'd say a middle class household income is more like $30,000 - $100,000 in most areas, and somewhat more in expensive areas. I think if you're making more than $150,000 anywhere, you're at least on the low end of upper-class.

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 2:32:58 PM   
graceadieu


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quote:

ORIGINAL: blacksword404

And you have no idea what the persons business model is. They may make a million and end up reinventing half to keep the business running.



If they're spending their business' $1m income on rent, payroll, R&D etc - then they're "only" earning a half million a year, not a million. Which is still a crazy amount of money.

If you can afford a penthouse and a housekeeper and private school for your kids, you're not middle class.

< Message edited by graceadieu -- 9/15/2012 2:33:45 PM >

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 4:29:05 PM   
Musicmystery


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quote:

ORIGINAL: subrob1967

Let me get this straight...

President Obama thinks any family with an income of 250K or more deserve tax increases because they're not paying their fair share.

Romney says the middle class ends at 250K and anything above that is upper class.

Now JanahX seems to have a problem with Romney's statement, but gave Obama a pass for using the same dollar amount.

Who is out of touch here?

You. The two statements aren't equivalent whatsoever.

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 4:53:25 PM   
subrob1967


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quote:

ORIGINAL: Musicmystery


quote:

ORIGINAL: subrob1967

Let me get this straight...

President Obama thinks any family with an income of 250K or more deserve tax increases because they're not paying their fair share.

Romney says the middle class ends at 250K and anything above that is upper class.

Now JanahX seems to have a problem with Romney's statement, but gave Obama a pass for using the same dollar amount.

Who is out of touch here?

You. The two statements aren't equivalent whatsoever.



Only in your fucked up mind. Please explain how they are different... Please.

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 5:22:47 PM   
graceadieu


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quote:

ORIGINAL: subrob1967


quote:

ORIGINAL: Musicmystery


quote:

ORIGINAL: subrob1967

Let me get this straight...

President Obama thinks any family with an income of 250K or more deserve tax increases because they're not paying their fair share.

Romney says the middle class ends at 250K and anything above that is upper class.

Now JanahX seems to have a problem with Romney's statement, but gave Obama a pass for using the same dollar amount.

Who is out of touch here?

You. The two statements aren't equivalent whatsoever.



Only in your fucked up mind. Please explain how they are different... Please.


One is saying that $250k is middle class. The other is saying that $250k is rich and can afford to pay higher taxes to fix the economy.

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 6:03:46 PM   
subrob1967


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quote:

ORIGINAL: graceadieu
One is saying that $250k is middle class. The other is saying that $250k is rich and can afford to pay higher taxes to fix the economy.



So the line dividing middle and upper class is the same with both, yet it's different?

Obama said those making MORE than 250K, Romney said 250K is middle class... I really ain't seeing the difference there. Now if Romney said 250,001 was middle class, you might have an argument. But he didn't, therefore JanahX doesn't have an argument here.

Both are talking about a family of four... Now if we took that 250K and divided it by 4, is that considered rich in ANY state?

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 6:27:45 PM   
kalikshama


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Status: offline 		Defining Middle Class

In a discussion on “Good Morning America” about his tax plan, Mitt Romney suggested the cutoff for middle income was for households earning “$200,000 to $250,000 and less.” President Obama has used a similar threshold in talking about extending tax cuts for the middle class.

To be clear, both politicians appear to be talking about the ceiling for the middle class, not its midpoint. It’s a pretty high ceiling, though; here’s a chart showing household income distributions for 2011, based on calculations from the Tax Policy Center:



As you can see in the chart, households earning $250,000 fall somewhere just above the 96th percentile. For context, the Tax Policy Center placed the median household at about $42,000 in cash income in 2011. (Using a slightly different metric, the Census Bureau reported on Wednesday that the median household income was about $50,000.)

Read more: http://economix.blogs.nytimes.com/2012/09/14/defining-middle-class/

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 7:53:22 PM   
Musicmystery


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quote:

ORIGINAL: subrob1967


quote:

ORIGINAL: Musicmystery


quote:

ORIGINAL: subrob1967

Let me get this straight...

President Obama thinks any family with an income of 250K or more deserve tax increases because they're not paying their fair share.

Romney says the middle class ends at 250K and anything above that is upper class.

Now JanahX seems to have a problem with Romney's statement, but gave Obama a pass for using the same dollar amount.

Who is out of touch here?

You. The two statements aren't equivalent whatsoever.



Only in your fucked up mind. Please explain how they are different... Please.

Yeah, my fucked up mind grasps the concept of topics.

Obama isn't calling $250,000 middle class. It's a tax demarcation line. In fact, he's not defining the middle class at all in that statement.

Romney, on the other hand, isn't talking about taxes at all in that statement. He's defining--rather erroneously--what income constitutes "middle class."

It goes beyond "out of touch." This guy wants to "fix" an economy about which he's clueless.



< Message edited by Musicmystery -- 9/15/2012 7:55:03 PM >

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 8:07:54 PM   
slvemike4u


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quote:

ORIGINAL: stef

quote:

ORIGINAL: subrob1967

Who is out of touch here?

You, Romney, pretty much anyone who is here tonguing the Tea Party's sack on a daily basis.

Just quoted this because it deserves to be up twice.
Thanks Stef....I think I love you....lol.

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RE: Romney - Middle class is $200K - $250K - 9/15/2012 9:14:57 PM   
DesideriScuri


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quote:

ORIGINAL: graceadieu
One is saying that $250k is middle class. The other is saying that $250k is rich and can afford to pay higher taxes to fix the economy.


Incorrect. One is saying that middle class ends at $250k and the other is saying that $250k is "rich."

http://www.irs.gov/file_source/pub/irs-soi/09in16ag.xls

In 2009, according to the IRS, 3.924M tax filers had incomes of $200k+. That is a remarkable 2.79% of all the returns in 2009. How is "Middle Class" being defined?!?


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RE: Romney - Middle class is $200K - $250K - 9/15/2012 11:21:49 PM   
tazzygirl


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Status: offline 		Here is where Romney shoved his foot into it.

quote:

"Is $100,000 middle income?" asked host George Stephanopoulos.

"No," replied Romney, who would be one of the wealthiest presidents in history if elected. "Middle income is $200,000 to $250,000 and less."


Im gonna tell you, you can not get anyone who is making the median income of around 50,000 to believe 100k isnt middle class.

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RE: Romney - Middle class is $200K - $250K - 9/16/2012 12:02:52 AM   
subrob1967


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quote:

ORIGINAL: tazzygirl

Here is where Romney shoved his foot into it.

quote:

"Is $100,000 middle income?" asked host George Stephanopoulos.

"No," replied Romney, who would be one of the wealthiest presidents in history if elected. "Middle income is $200,000 to $250,000 and less."


Im gonna tell you, you can not get anyone who is making the median income of around 50,000 to believe 100k isnt middle class.


Except both Romney and Obama are talking about a family of 4 and you are talking about an individual.


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