Anonymous wrote:Well when a decent house costs over 1.5 million then of course 100k is poor. save me the drivel about how a post ww2 1200 sqrft rambler is good enough for a family of 4, it isn't. Move to any other area in the country and you can buy the equivalent size / located 1 million dollar house in DC on a 100k income.
jsteele wrote:Anonymous wrote:Jeff, lots of people on this site making $100K think they're poor. Check out the thread on the Private School forum by the poster asking for financial aid because her family makes $120K with a paid-off mortgage and $350K in inherited stocks. She calls her family "working class."
Yes, that's what I meant by going the "full DCUM". It is only here and a few other select places in America that you are going to find anyone who believes that $100k is poor. In the discussion about the Chicago school teachers, they were considered terribly greedy for making $75k in Chicago -- another expensive city.
As for the point that Obama thinks $250k is rich, I disagree slightly with that interpretation. Obama wants a higher tax rate beginning at $250,000. But, since that is a marginal rate and only a 3% increase, you have to make considerably more than $250,000 before you pay a significant increase. I would interpret Obama as saying anyone who would find themselves with a significant tax increase after a marginal increase starting at $250,000 is rich.
Anonymous wrote:Jeff, lots of people on this site making $100K think they're poor. Check out the thread on the Private School forum by the poster asking for financial aid because her family makes $120K with a paid-off mortgage and $350K in inherited stocks. She calls her family "working class."
Anonymous wrote:Nationally the average for the middle class/rich threshold is $387,000, in our area it is $527,000
http://www.washingtonpost.com/local/joining-washingtons-one-percenters-takes-more-than-the-us-average/2012/04/21/gIQAJ6YvXT_story.html
Anonymous wrote:Obama uses the same number (250K or less), and let's be clear: They mean total household income.
Anonymous wrote:Nationally the average for the middle class/rich threshold is $387,000, in our area it is $527,000
http://www.washingtonpost.com/local/joining-washingtons-one-percenters-takes-more-than-the-us-average/2012/04/21/gIQAJ6YvXT_story.html