- The two men do have a few things in common. Both want to cut the corporate tax rate, though Romney would cut it more. Romney would permanently extend all of the 2001-2003 tax cuts while Obama would continue nearly all of them. Both men would let the 2010 payroll tax reduction expire as scheduled in January. And both apparently believe that households making up to $200,000 or $250,000 are middle-income.
And both apparently believe that households making up to $200,000 or $250,000 are middle-income.
If that's middle-income, what on earth qualifies as high-income?
High income is when you can afford to have someone clean your home everyday and not just once a week. BIG difference :)
I think $250,000 for a household is high-income. Only a rather small minority of Americans achieve this. However, I grew up in this neighborhood, and most people in this bracket think of themselves as middle income. It's classic American culture; we are typically more interested and informed about those with more than us, rather than those with less.
I would certainly agree that $250k is high income. That said, it's been my experience that if you're the type of person that always feels something is lacking or that you need "more" to be happy, this will not change whether you make $30k a year or $250k. Fuck the Jone's, the only person I compete with is myself.
You ought to get that recurrent cough checked out.