Reply to Can we stop referring to households making $200 or 300K a year as "middle class"?

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Reply to "Can we stop referring to households making $200 or 300K a year as "middle class"?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Of course I am proud of my achievements. I live a disciplined life of hard work, with long hours and tireless dedication. I pay a huge amount in taxes each year, and the lifestyle I live is not fabulous, just marginally better than the average middle class. Yet at every opportunity, liberal politicians label me as the rich, they claim I don't pay my fair share. They use their position of power to rally the masses against the likes of me in order to advance their agenda. People like you then pile on top telling me how good I have it. Yes, I have it good, but it's not as good as you imagine it. I am more like you than I am like someone in the top 0.5%. We share the same concerns, we have the same need to stay working to support a family. [/quote]

God, you're ridiculous.  You make it sound as soon as if you make a dollar over $250K, you'd have to hand half your income to the IRS.  Not to mention your TAXABLE income is always less than your net income.   If you make say, $270K, you're not likely to be any more in taxes at all, or if not a pittance.   One can debate the merits of raising taxes on very high incomes, but this idea that you'd be significantly impacted in any way is ridiculous. [/quote]

You are, of course, wrong. Here's a graph of the effective tax rate by income:

http://cdn.theatlantic.com/static/mt/assets/business/effective%20tax%20rates%20by%20income%20group%202009.png

Note the drastic increase in taxes as you go from 100k to 500k per year in income. This is because at this income level, you hit the highest percent marginal bracket and deductions start fading away.[/quote]

So, those of us who make 100K, and bring home 85K according to that chart, should feel bad for those who make 5 X what we do but only bring home about 4.4 times as much as we do? [/quote]

No one is asking for your sympathy. As another perspecitve, the folks making 100K+ have made less than you at one time. They put money away, defer gratification, etc they don't live extravagant lives...[/quote]

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