File this under: You’ve got to be kidding, but I’m not.
According to the Republican Party, you are low or middle income making $450,000 a year and deserve a great big Trump tax cut.
Keep in mind, median income in the US is $59,000 a year.
On Thursday, House Republicans issued a fact sheet about their new tax cut plan that referred to Americans earning $450,000 a year as “low- and middle-income” — even though that income level would put those taxpayers in the top 0.05% of all individual Americans.
The median household income in the United States is $59,039, after all.
The GOP made the announcement as part of the rollout of the tax cut plan, saying they would cut tax rates from 39.6 percent to 35 percent for those $450,000-earning middle class members — but the announcement was quickly overshadowed by the Republicans' bizarre understanding of wealth.
Their own fact sheet below spells it out. If you’re in the top 0.05% of income earners, you are low or middle class. This would be funny, if it weren’t so sad.
The Republicans and Donald Trump are trying to transfer a massive amount of wealth to those who’ve made out like bandits since the Great Recession.
Trump and his elitist Swampers want the personal benefits of these tax cuts.
I believe AFL-CIO Policy Director Damon Silvers sums up this ridiculous assertion by Republicans perfectly. Hard working Americans don’t exist to Republicans.
"Did somebody make a mistake?" laughed AFL-CIO Policy Director Damon Silvers when told of the income classifications by the GOP. "[Republicans] think that the income level of the top one percent is lower- and middle-class. This is a world where if you make less than $500,000, you don't exist."