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Reply to "Where do you draw the line between upper middle class and upper class?"
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[quote=Anonymous]“Class” in the US is defined by a ridiculous IRS statute that classifies by income. What it needs to do is redefine income and take the percentage of that income earned necessary to consistently purchase a set of goods and services in a fiscal year. This could be accomplished by setting a standard value for these line items annually and weighing them against net income. Then define class by that percentage the greater the % the lower the “class” Now that would shake things up.[/quote]
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