General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDid President Obama lower taxes for the middles class, or did someone just try to redefine "middle
class" because of it?
Why can't I *resist* this shit sometimes...
Angry Dragon
(36,693 posts)asking them the definition of middle class.
All I got was that everyone has their own definition.
No one will stick their neck out and give a definition
hfojvt
(37,573 posts)and Obama kept those tax cuts in place, supposedly to benefit the middle class, even though most of the benefits goto the upper classes.
But there has never been a clear definition of middle class, and politicians have ALWAYS been defining it UP.
Romney has gotten a bunch of flack for saying that middle class was households making $250,000 or less.
But that is exactly what Obama has been saying.
In 2008, Obama proposed keeping the Bush tax cuts for all income below $250,000 for a couple. His reasoning, such as it was, was that he did not want to raise taxes on the middle class. Yet, look how Citizens for Tax Justice analyzes that Obama plan
http://www.ctj.org/pdf/taxcompromise2010.pdf
Obama's original proposal gives 13.3% of its benefits to the top 1% about the same percentage that it gives to the bottom 40% (13.9%). It gives more benefits to the richest 5% than it does to the bottom 60%, and it gives a whopping 54.2% of its benefits to the richest 20%.
Those people are at the top, not in the middle.
Then there is the accursed payroll tax cut. Another tax cut sold as a "middle class tax cut". What a load of excrement. If Bush had tried to sell this, the liberal world would have been all over it for being tilted to the rich. But when Obama does it, it is all good. Almost nobody complained - except me http://journals.democraticunderground.com/hfojvt/160
LaydeeBug
(10,291 posts)Trajan
(19,089 posts)1) Buy a home in the low-medium range for the area ... or rent in the low-medium range in the rental market ....
2) A) Buy a car, used or new, on time payments or full cash .... Also buy insurance ... also buy gas and oil and occasional interval maintenance service .... OR ....
2) B) Purchase monthly transit passes for most the household
3) Purchase utilities and services on a monthly basis
4) Pay a monthly premium for medical services ....
5) Buy enough food for everyone in the household to eat approx 2-4 meals per day (Depends on the individuals)
6) Buy enough consumables for the household to exist in reasonable, minimal comfort ...
If you can do at least that and remain solvent each month, you are at the bottom of the middle class ...
My opinion ....
No college fund ... no vacation house .... A no frills but pay your bills existence ....