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Title: Romney says Middle Income is $200,000-$250,000 a year Post by: Absentee Voting Ghost of Ruin on September 14, 2012, 05:56:45 PM I'm beginning to wonder if the Romney campaign is some sort of false-flag operation designed to make Republicans look bad and Obama look good by comparison with Romney.
http://www.google.com/hostednews/ap/article/ALeqM5hT1nGNyd4JyixXboBO_c3Pvfj7yQ?docId=b1d66e74fd9947c59bb49883826cfe9d (http://www.google.com/hostednews/ap/article/ALeqM5hT1nGNyd4JyixXboBO_c3Pvfj7yQ?docId=b1d66e74fd9947c59bb49883826cfe9d) Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: 7,052,770 on September 14, 2012, 06:02:24 PM Reminds me of some of Jack Donaghy's lines
Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: mondale84 on September 14, 2012, 06:04:06 PM This will look great in an Obama ad.
Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: krazen1211 on September 14, 2012, 06:09:51 PM The original post is unfortunately plagued by a fool who is unable to read.
"No, middle income is $200,000 to $250,000 and less," Romney responded. That's pretty much the Democrats definition of the middle class. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: mondale84 on September 14, 2012, 06:11:04 PM The original post is unfortunately plagued by a fool who is unable to read. "No, middle income is $200,000 to $250,000 and less," Romney responded. That's pretty much the Democrats definition of the middle class. $250,000 is not middle income... Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: 7,052,770 on September 14, 2012, 06:16:06 PM According to the Wall Street Journal app here: http://blogs.wsj.com/economics/2011/10/19/what-percent-are-you/
50th percentile is around $43,000. If you extend middle income to be 25th-75th percentiles, the range is around $20,000 - $88,000. $200,000 is 94th percentile $250,000 is 96th percentile #outoftouch Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: 5280 on September 14, 2012, 06:41:12 PM $200-$250k OR LESS FOR HOUSEHOLD is considered middle income, stop twisting the words around.
Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Warren 4 Secretary of Everything on September 14, 2012, 06:43:08 PM $200-$250k OR LESS FOR HOUSEHOLD is considered middle income, stop twisting the words around. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Fuzzybigfoot on September 14, 2012, 06:47:43 PM Quote from the article:
Quote "Is $100,000 middle income?" Stephanopoulos asked. "No, middle income is $200,000 to $250,000 and less," Romney responded. His campaign later clarified that Romney was referencing household income, not individual income. The Census Bureau reported this week that the median household income — the midpoint for the nation — is just over $50,000. LOL Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Stranger in a strange land on September 14, 2012, 06:52:36 PM $200-$250k OR LESS FOR HOUSEHOLD is considered middle income, stop twisting the words around. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: 5280 on September 14, 2012, 06:55:17 PM $200-$250k OR LESS FOR HOUSEHOLD is considered middle income, stop twisting the words around. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Fuzzybigfoot on September 14, 2012, 07:10:53 PM $200-$250k OR LESS FOR HOUSEHOLD is considered middle income, stop twisting the words around. No, it's not. The median family brings in $50,000 a year, and if you divided it by 4 (assuming there are 2 parents and 2 children) that would be $12,500 per. capita. Thus, $50k-$75k is actually high. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: 5280 on September 14, 2012, 07:14:00 PM $200-$250k OR LESS FOR HOUSEHOLD is considered middle income, stop twisting the words around. No, it's not. The median family brings in $50,000 a year, and if you divided it by 4 (assuming there are 2 parents and 2 children) that would be $12,500 per. capita. Thus, $50k-$75k is actually high. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Indy Texas on September 14, 2012, 07:17:15 PM I think we can generally assume a given American household will have either one or two income earners (single person; or married couple where both work; or breadwinner and SAHM/SAHD).
$250K a year would entail a breadwinner who makes $250K (a reasonably successful orthodontist, perhaps) or two people averaging $125K each (perhaps as an associate at a good law firm; a management consultant; an engineer). They wouldn't be considered wealthy, but these are not the kind of jobs everyday people have. The number of dependents you have is irrelevant. Someone raising five kids on $250K may have to live a middle class lifestyle because they opted to breed like rabbits, but they are not middle class income-wise. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Indy Texas on September 14, 2012, 07:18:21 PM $200-$250k OR LESS FOR HOUSEHOLD is considered middle income, stop twisting the words around. No, it's not. The median family brings in $50,000 a year, and if you divided it by 4 (assuming there are 2 parents and 2 children) that would be $12,500 per. capita. Thus, $50k-$75k is actually high. That is highly atypical. We're talking about real American families, not the cast of Jersey Shore. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Lief 🗽 on September 14, 2012, 07:21:08 PM Also I'm pretty sure four adults can't file a single tax return together?
Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: 5280 on September 14, 2012, 07:22:03 PM $200-$250k OR LESS FOR HOUSEHOLD is considered middle income, stop twisting the words around. No, it's not. The median family brings in $50,000 a year, and if you divided it by 4 (assuming there are 2 parents and 2 children) that would be $12,500 per. capita. Thus, $50k-$75k is actually high. That is highly atypical. We're talking about real American families, not the cast of Jersey Shore. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Fuzzybigfoot on September 14, 2012, 07:47:43 PM $200-$250k OR LESS FOR HOUSEHOLD is considered middle income, stop twisting the words around. No, it's not. The median family brings in $50,000 a year, and if you divided it by 4 (assuming there are 2 parents and 2 children) that would be $12,500 per. capita. Thus, $50k-$75k is actually high. Read my post. Where do you get the idea that a per. capita of $50,000 or more is average among middle class families? Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: LastVoter on September 14, 2012, 07:53:59 PM $200-$250k OR LESS FOR HOUSEHOLD is considered middle income, stop twisting the words around. No, it's not. The median family brings in $50,000 a year, and if you divided it by 4 (assuming there are 2 parents and 2 children) that would be $12,500 per. capita. Thus, $50k-$75k is actually high. That is highly atypical. We're talking about real American families, not the cast of Jersey Shore. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Filuwaúrdjan on September 14, 2012, 08:21:30 PM Ah, give it up guys. Some sh!t you just can't defend...
Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: I spent the winter writing songs about getting better on September 14, 2012, 08:37:26 PM $200-$250k OR LESS FOR HOUSEHOLD is considered middle income, stop twisting the words around. No, it's not. The median family brings in $50,000 a year, and if you divided it by 4 (assuming there are 2 parents and 2 children) that would be $12,500 per. capita. Thus, $50k-$75k is actually high. That is highly atypical. We're talking about real American families, not the cast of Jersey Shore. It's probably not that uncommon, it just sounds like roommates with notably high incomes or two married couples living together, I know a ton of people who are roommates with married couples, even one who was a roommate with a couple with a kid. Granted that is in a major city but still... But what is absurd is that four people who live in the same house are not a "household", they'd all be separate filers. You can bring up scenarios that make it even more absurd, let's imagine you have a house of four people all just out of college who average $30k, does that make that a household of six figure income? Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: jaichind on September 14, 2012, 08:58:12 PM Ok. See this
http://www.huffingtonpost.com/2012/09/05/chuck-schumer-speech-_n_1853045.html Charles Schumer at the Dem Convention pointed out: "Under this plan, under this Ryan budget, Mitt Romney's own taxes would drop to almost zero," Schumer said. "But for the middle class, it's a rip-off. Families with children whose household income is less than $200,000 would see their taxes go up $2,000, on average. Seems like Schumer defines middle class at household of $200K or less. How is that any different from Romney? BTW, in NYC $200K or $250K is really not that much. It is a good upper middle class income but not rich. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: True Federalist (진정한 연방 주의자) on September 14, 2012, 09:36:18 PM Well, if you're going to restrict the upper class to the top 1%, then the upper limit of middle class is around 350K. If you expand the upper class to the top 5% it's around 180K. If you consider the top 20% to be the upper class, then it's around 100K.
So by the standards of the 99%ers, Romney's problem is he is counting some middle class households as upper class. However, by any reasonable definition of middle class, his definition is too expansive. The 33% income tax bracket kicks in at approximately $200K. (Exact value depends on whether you are married, head of household, or single.) Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: King on September 14, 2012, 10:00:17 PM Sweet. Does this mean everyone who makes under $200k gets Medicaid and an EBT card?
Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: H.E. VOLODYMYR ZELENKSYY on September 14, 2012, 10:06:02 PM Ok. See this http://www.huffingtonpost.com/2012/09/05/chuck-schumer-speech-_n_1853045.html Charles Schumer at the Dem Convention pointed out: "Under this plan, under this Ryan budget, Mitt Romney's own taxes would drop to almost zero," Schumer said. "But for the middle class, it's a rip-off. Families with children whose household income is less than $200,000 would see their taxes go up $2,000, on average. Seems like Schumer defines middle class at household of $200K or less. How is that any different from Romney? BTW, in NYC $200K or $250K is really not that much. It is a good upper middle class income but not rich. Um, Romney defined middle-class income at above $200K. That's the exact opposite of below $200K. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Sbane on September 14, 2012, 10:11:26 PM Also I'm pretty sure four adults can't file a single tax return together? This^^^. At least for tax purposes a household is anyone that is paying taxes separately, as far as I know. So a single mom with two kids would be a household. Throw in a dad and it becomes a family. I could be wrong though. I don't think four people with 60k incomes renting a house would be considered a household. And in any case if you are single and making 60k, and not living in NYC or SF, you are fairly well off. Still....depending on how you define a middle class lifestyle Romney is kind of right. Even the Democrats don't want to raise taxes on anyone making less than 250k. Is the upper middle class not middle class? Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: ○∙◄☻¥tπ[╪AV┼cVê└ on September 14, 2012, 10:15:00 PM Amazing that he could be so out of touch that he thinks that $100,000 is below middle income.
Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: jaichind on September 14, 2012, 10:16:26 PM How is
"No, middle income is $200,000 to $250,000 and less," Romney responded. that much different from "But for the middle class, it's a rip-off. Families with children whose household income is less than $200,000 would see their taxes go up $2,000, on average." Schumer said. Ones says 200K-250K and less, the other says $200K and less. Seems like the same thing to me with the exception of this fuzzy $200K to 250K zone. If that is what the Dems want to battle Romeny on ($200K vs $250K) then fine. But anything else seems to contradict what the Dems themeslves said. Um, Romney defined middle-class income at above $200K. That's the exact opposite of below $200K. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: 🐒Gods of Prosperity🔱🐲💸 on September 14, 2012, 11:58:24 PM "Middle class" has no connection to actual median income, and never has.
Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Lief 🗽 on September 15, 2012, 12:01:21 AM Good thing Mittens was defined "middle-income" instead of "Middle Class" then.
Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Link on September 15, 2012, 12:26:34 AM Ah, give it up guys. Some sh!t you just can't defend... This. You cannot defend calling a income of a quarter of a million dollars a year "middle income." Sweet. Does this mean everyone who makes under $200k gets Medicaid and an EBT card? No he is not concerned about the very poor. They already have an adequate safety net. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Tender Branson on September 15, 2012, 12:44:10 AM He's an out-of-touch Massachusetts flip-flopper who grew up with a golden spoon in his ass.
What else would we expect to hear from him ? Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: ○∙◄☻¥tπ[╪AV┼cVê└ on September 15, 2012, 02:36:27 AM No he is not concerned about the very poor. They already have an adequate safety net. No one who actual knew some poor people would say that. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Filuwaúrdjan on September 15, 2012, 09:50:51 AM Anyways, this is very much another Mr Burns moment, no?
Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Link on September 15, 2012, 09:55:44 AM No he is not concerned about the very poor. They already have an adequate safety net. No one who actual knew some poor people would say that. Romney doesn't know any poor people. Anyways, this is very much another Mr Burns moment, no? Si. Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Simfan34 on September 15, 2012, 11:13:24 AM Perhaps he is a false flag operation....
Title: Re: Romney says Middle Income is $200,000-$250,000 a year Post by: Brittain33 on September 15, 2012, 11:16:23 AM Does anyone dispute that this is an out-of-context quote?
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