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View Diary: Romney says his tax cuts for individuals are for businesses, not for individuals (117 comments)

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  •  For Mitt 98th Percentile Is Middle Class (0+ / 0-)

    $250,000 AFAICT is about 98th percentile, meaning only 3% of US tax payers earn more than that. Mitt's on record as saying that $250k is middle income. That's where his focus is.

    Reality says that 50th percentile is around $42k.

    For example, the difference in income between a household at the 50th percentile and a household at the 51st percentile is $1,237 ($42,327 versus $43,564). But the difference in incomes between a household at the 98th percentile and the 99th percentile is $146,118 ($360,435 jumps up to $506,553).
    cf NYT

    Not that many credit Mitt with much contact with reality.

    Time is an enormous, long river, and I’m standing in it, just as you’re standing in it. My elders are the tributaries, and everything they thought and every struggle they went through & everything they gave their lives to flows down to me-Utah Phillips

    by TerryDarc on Wed Sep 26, 2012 at 09:17:20 AM PDT

    [ Parent ]

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