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View Diary: Greenspan: Let the Bush tax cuts expire (205 comments)

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  •  Only the top 3-4% of filers make over $250,000 (2+ / 0-)
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    wsexson, squarewheel

    In AGI.  No way the top 3-4% is "middle class."  Sorry, Charlie.  The median income for filers in 2007 was $32,879.  If the "middle class" is everyone from 25% to 75%, then this encompasses up to $66,532.  We could say that "upper middle class" is people from there to $250,000 perhaps.  But the top 5% were $113,018 and up. It is only the top 1% that make over $410,000.  There aren't that many of them, but they have 23% of all the AGI reported.  The top 10% have 48% of all AG.

    The bottom 50%, those reporting less than $32,879, have to divide 12,26% of AGI amongst themselves and with no positive income.

    Your new Democratic Party: Billions for the bankster boys and not one dime for abortions. Even if it's your dime.

    by Mimikatz on Thu Jul 15, 2010 at 03:04:53 PM PDT

    [ Parent ]

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