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Fri Sep 14, 2012, 03:23 PM

Romney thinks middle class income $200,000. to $250,000.

This discussion thread was locked as off-topic by Tx4obama (a host of the Latest Breaking News forum).

Source: AP

This is the back-tracking version.
BOSTON Mitt Romney is promising to reduce taxes on middle-income Americans.

But how does he define "middle-income"? The Republican presidential nominee defined it Friday as income of $200,000 to $250,000 a year and less.



Read more: http://www.msnbc.msn.com/id/49035484



For those that wonder if Romney is out of touch with middle Americans,this hould leave no doubts

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Response to INdemo (Original post)

Fri Sep 14, 2012, 03:25 PM

1. If I wuz making a quarter million a year, I'd consider myself wealthy beyond measure!

I wouldn't know what to do with that kinda scratch!

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Response to MADem (Reply #1)

Fri Sep 14, 2012, 03:48 PM

5. You and me both! That's more than I've made in the past 12 years.

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Response to MADem (Reply #1)

Fri Sep 14, 2012, 03:50 PM

8. me too although

I 'm pretty sure I could think of stuff to with that money starting with my kitchen and upstairs bathroom the house is 100 years old...........

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Response to azurnoir (Reply #8)

Fri Sep 14, 2012, 05:47 PM

18. My house is a youthful 89 years young (ha!)...

...and I know what you mean!

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Response to INdemo (Original post)

Fri Sep 14, 2012, 03:32 PM

2. Most people with that kind of income are multi-millionaires in net worth.

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Response to INdemo (Original post)

Fri Sep 14, 2012, 03:38 PM

3. ok. so to romney,

i'm dirt poor, and he's already mentioned that he's not worried about the very poor.

and i was almost to where i thought i could stop calling myself poor!

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Response to INdemo (Original post)

Fri Sep 14, 2012, 03:44 PM

4. Shame on all of you who accused him of being out of touch.

He totally gets the struggles of the common man and feels your pain. Do I really need: ?

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Response to INdemo (Original post)

Fri Sep 14, 2012, 03:49 PM

6. However....

In that same article it says: "Obama also has set his definition for "middle class" as families with income of up to $250,000 a year."

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Response to tjl148 (Reply #6)

Fri Sep 14, 2012, 04:06 PM

11. "Up to" is different from STARTING

at $200,000.

It is true that $250,000 is definitely high income nonetheless. For most in the so-called middle class, that figure generally reflects BOTH partners working rather than a single wage-earner.

Here's one overview of middle class income from Wiki:

http://en.wikipedia.org/wiki/American_middle_class#Income (using US census bureau figures from 2005)

Here is Median (not necessarily "middle-class") US Household Income from the US Census Bureau.

http://www.census.gov/prod/2009pubs/acsbr08-2.pdf (2007-2008 surveys, issued in Sept 2009)

The median household income estimates in the 2008 ACS ranged from a median of $70,545 for Maryland to $37,790 for Mississippi.


Edited to add: I received an excellent income in the last 15 years that I worked full-time (I'm now retired but teach as an "adjunct") and during the last five years my husband, once he had turned 70 1/2, had to make mandated withdrawals from his IRA. Even then, and while we lived VERY comfortably, our combined income never achieved $250,000.

Romney is totally clueless.

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Response to INdemo (Original post)

Fri Sep 14, 2012, 03:49 PM

7. I'd like to know what these $250k jobs are.

Except for some doctors and surgeons, I can't really think of jobs that regularly pay anywhere near that.

If it hadn't been for the Bush years, then yeah maybe there would be more 6 figure jobs.

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Response to DaveJ (Reply #7)

Fri Sep 14, 2012, 04:48 PM

14. I can think of more than just doctors.

Anything to do with finance, like banking, investing, trading. Upper management at insurance, engineering, manufacturing, corporate farms, the six largest of the publishers, and office building real estate. I can probably come up with more, but I hope you get the picture. The world makes some people wealthy with all the other things we do on this planet than just medical

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Response to DaveJ (Reply #7)

Fri Sep 14, 2012, 04:52 PM

15. lawyers too

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Response to INdemo (Original post)

Fri Sep 14, 2012, 03:54 PM

9. wow 250,ooo a year is middle class?

well I guess from Rmoney' s perspective it is

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Response to INdemo (Original post)

Fri Sep 14, 2012, 03:57 PM

10. Farther down in the article, he says that..$"100,000 is not middle income."

Romney's comments came an interview broadcast Friday on ABC's "Good Morning America."

"No one can say my plan is going to raise taxes on middle-income people, because principle number one is (to) keep the burden down on middle-income taxpayers," Romney told host George Stephanopoulos.

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

.
"No, middle income is $200,000 to $250,000 and less," Romney responded.
______________________________________________________________________________________

He really said this on national television...???

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Response to INdemo (Original post)

Fri Sep 14, 2012, 04:23 PM

12. Romney wants to extend the tax cuts for everyone.

How can they in good conscience end the article with "Obama wants to extend Bush-era tax cuts for those making less than $250,000, while Romney wants to extend the tax cuts for everyone." when the only thing to be taken away from his statement is those under 200k may be SOL

"No one can say my plan is going to raise taxes on middle-income people, because principle number one is (to) keep the burden down on middle-income taxpayers," Romney told host George Stephanopoulos.

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

"No, middle income is $200,000 to $250,000 and less," Romney responded.

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Response to INdemo (Original post)

Fri Sep 14, 2012, 04:47 PM

13. Well, that makes me

more than $200,000 below the poverty line.

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Response to INdemo (Original post)

Fri Sep 14, 2012, 05:06 PM

16. What the fuck?

So, out of touch.

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Response to INdemo (Original post)

Fri Sep 14, 2012, 05:20 PM

17. And those poor Congressmen make only $179k a year

I feel so bad for them now.

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Response to INdemo (Original post)

Fri Sep 14, 2012, 06:45 PM

19. Locking. LBN Dupe. News already posted in LBN. Please continue discussion on link below

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