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hfojvt

(37,573 posts)
13. show me the analysis
Thu Jan 3, 2013, 05:19 PM
Jan 2013

I am still waiting for CTJ to break it down by income group.

But it is pretty clear to me that somebody making $200,000 or $300,000 or $400,000 a year is much, much richer than somebody making $20,000 a year or $40,000 a year or $50,000 a year. And $50,000 is pretty close to the MEDIAN, meaning that 50% of households are below that.

Thus, I would claim that those in the $100,000 - $400,000 group, are NOT middle class - they are rich.

And even if they are considered UPPER middle class, they are favored over the rest of the middle class.

And speaking of pain. Thanks to the deal, dividends will now permanently taxed at 20% rather than the top rate of 39.6% which would have applied had no deal been made.

So the deal saved Mitt Romney from almost $1,000,000 a year in "pain".

But who's counting?

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