If I remember some chart I was looking at one time, middle class extends all the way to $250K minimum, and that was probably a decade ago, so after inflation adjustment what would it be?
Of course, at that time, at my income, and considering a very good income in my neck of the woods was $30K, $250K didn't seem like middle of anything. But that was over a decade ago, so.........
I'll grant you, I'm still less than a third of being rich by the $250K standard.
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Yes, it's CBS (but not Mr Blather):
John Kerry: "I explain how I pay for all my proposals ? By rolling back the recent Bush tax cuts for families making over $200,000 per year, we can pay for health care and education."
Michael O'Guin: "I grew up in a lower-middle-class household. I studied hard and put myself through a good college. Ten years ago, I started my own company and for the past four years my income has exceeded $200,000 a year. Last year, I paid 40 percent of my income for self-employment, state and federal income taxes. From the remaining, I support five people, pay for health insurance and save for retirement. Teresa Kerry, with assets exceeding $500 million, pays less than 2 percent (includes her foundation income). Instead of raising the taxes on the person flying around the world on the Gulfstream G5, John Kerry wants to put a bigger tax burden on the one driving the ?97 Intrepid with more than 100,000 miles on it. While his rhetoric attacks the wealthy, his policies attack the middle class."