Skip to comments.Mitt Romney does not think middle class starts at $200,000 a year (Your Going to love this one...)
Posted on 09/14/2012 1:01:13 PM PDT by apillar
In an interview that aired Friday morning, Republican presidential nominee Mitt Romney told "Good Morning America" that the definition of middle income in America is "$200,000 to $250,000 or less."
Romney's answer is a bit confusing, because 200,000 is included in the universe of numbers less than 250,000. If you take the statement at face value, however, it appears that Romney is using the same upper limit as President Barack Obama when it comes to middle-income earners. Obama's proposed tax hike for the richest Americans begins with taxable income over $250,000.
(Excerpt) Read more at news.yahoo.com ...
When Obama's presidential failure meter is charting off the map?
I’d define the middle class from $75K to $400K, with the upper limit very location dependent. Does see how anyone stays afloat these days who makes less than $75K.
WE DO NOT HAVE “CLASSES” OF PEOPLE IN THIS COUNTRY!!!! PERIOD!!!! That only exists in INDIA!!!! Are we now trying to become like INDIA????
Middle class is a pretty subjective term. I’ve known people who made a half million dollars and chose to live in ancient house trailers and dove old beater pickup trucks.
Between $40 and $50 grand for a single person is what I consider to be middle class depending on things like location and lifestyle.
They have both parents working, kids go to subsidized day care with free meals, food stamps, subsidized housing, mortgage forgiveness and lots of coupons.
It all depends on many factors. A single guy renting an apartment for $800 per month making 75k does very well. A family with a $2,000 mortgage plus private school or daycare, 2 car payments, a 30 mile one way commute, and a $75k household income is indeed struggling mightily. How well one is doing has almost as much to do with expenses than with income.
I considered myself “middle class” when I made $30K (in the ‘90s). I think it’s more a state of mind than a defined income range, as well as how you manage your income.
I’m beginning to wonder how Mitt Romney ever even held down a middle class or better job himself given his difficulty in putting a clear sentence together.
Gee, you’re usually so supportive.
BINGO! Use of Marxist terms is Un-American!
Better yet, I guess that theory could be used to explain why BO has never held a real job.
Yeah I was comfortable enough at around $30,000 in the mid 90s. I’ve always been pretty frugal anyway.
Now let’s look at what Romney actually said, in an interview with “GMA” host George Stephanopoulos:
Stephanopoulos: Is $100,000 middle income?
Romney: No, middle income is $200,000 to $250,000 and less.
Peoples leaves out the words “and less,” making it sound as if “$200,000 to $250,000” is the range Romney considers “middle income” when in fact it is the upper limit.
Oh, and how does President Obama answer the question? Peoples again: “President Barack Obama has defined ‘middle class’ as income up to $250,000 a year.”
So Romney’s definition of “middle income” is identical to Obama’s definition of “middle class.” One may quibble over where to draw the line, and we’d question the premises behind the whole line-drawing exercise, but here the AP misrepresents the facts in order to score a partisan point against Romney.
Very astute! Location has everything to do with how far your money goes. Live in a liberal state - you need a lot more money to buy the same as you could buy in a low-tax, low-regulation state!
Why has Texas enjoyed a high influx of people and businesses fleeing high-taxed states?
The so called 'middle class' is a highly subjective term that means almost nothing. Most people assume that once they obtain permanent employment, and own a home, that they have become part of the middle class. Many that can pay rent comfortably, and have a good job also consider themselves part of the 'middle class.'
BUT - this idiotic administration is deliberately tearing down the middle class - desperately trying to create a second Soviet Empire - where there are only two classes, the slave class, and their slave masters.
Romney speaks just fine. Not sure why you make such a strange statement. For all his RINO faults public speaking isn’t one of them. He is as slick as a used car salesman and even kind of looks like one. :-)
I read somewhere that the median income in Manahattan is $280K/yr. Not that surprising if two professionals combine their incomes. That sounds like a lot, but RENTING a 1000 sq.ft. apartment can run $5000 per month easily in a choice neighborhood.
My expenses are 12k/year.
Every time I listen to him under any kind of stress he says a lot of “ums” and “ahs,” and he seems to be giving more just plain unintelligible answers since getting the nomination in an increasingly strained effort to try to take all sides of every issue at the same time. Not that he hasn’t had verbal problems before, like his infamous FOX interview last year with Bret Baier and his disastrous, election-losing answer regarding his tax returns in the South Carolina GOP debate.
“My expenses are 12k/year.”
That’s my health insurance cost.
If I were to go out and purchase a non-subsidized policy, the cheapest appears to be a premium of $256/month (age 58, male, non-smoking) with a maximum benefit payout of $100,000/yr (not much by modern standards), but a very small deductible. Prescription coverage IS included. The quote for my wife is about the same. This is in Washington State. So for both of us the annual premium would be about half the 12k.
Ok. Well I don’t have a problem with his speaking and always considered him polished in that regard. Not as good as bill clinton but much better than obama or bush. Speaking is the least of his problems IMO. He must persuade and not sure he has enough passion to get that done.
So at $50K with just one income and a nice house on a golf course, half paid for, I am lower class?
I couldn’t get by on $50K. Of course, I still have one kid in college. If you can, my hat is off to you.
I’ve always defined middle class as somebody who had to earn an income in order to make ends meet. If you do not need to earn an income to make ends meet, you are either upper class, or lower class (welfare + food stamps).
That’s enlightening. They manage to twist every Republican’s quote into the worst interpretation possible.
But is there a single FReeper remaining who doesn’t know that the commie leftists continually lie about absolutely everything?