Romney/Obama: Middle Income/Middle Class is $250,000 to 200,000income!

[kiwiman127]

This is what we get to choose from, two out of touch typical politicians who are completely out of touch of what is the real income levels for what is considered Middle Class/Middle Income.
According to the census bureau, the median income is just above $50,000
Romney: 'Middle-income' is $200K to $250K
Romney: 'Middle-income' is $200K to $250K- MSN Money

Factbox: What is "middle class" in the United States?
Factbox: What is middle class in the United States? | Reuters

Well Middle Class makes up the middle the 60% between the top 20% and the lower 20%, in other words the middle class income goes from $25,000 a tear to $100,000.

So when Romney says middle income taxes won't be raised, he's talking about the top 20% earners. Sorry real middle class GOP voters.

 

[kiwiman127]

Bump to seperate a duplicate thread I started.

 

[Lovebears65]

A lot of people in that bracket are Small business owners and that is their income prior to paying their employees so YES they are middle class .. IF you live in NY apt can go for 5K a month . You need that much just to live in NYC I bet..

This is what we get to choose from, two out of touch typical politicians who are completely out of touch of what is the real income levels for what is considered Middle Class/Middle Income.
According to the census bureau, the median income is just above $50,000
Romney: 'Middle-income' is $200K to $250K
Romney: 'Middle-income' is $200K to $250K- MSN Money

Factbox: What is "middle class" in the United States?
Factbox: What is middle class in the United States? | Reuters

Well Middle Class makes up the middle the 60% between the top 20% and the lower 20%, in other words the middle class income goes from $25,000 a tear to $100,000.

So when Romney says middle income taxes won't be raised, he's talking about the top 20% earners. Sorry real middle class GOP voters.

 

[waltky]

Granny says Uncle Joe tellin' it like it is...

Biden: Middle class 'buried' the last 4 years
October 2, 2012 — Vice President Joe Biden said Tuesday that the middle class has been "buried" during the past four years, a statement that Republicans immediately seized upon as an unwitting indictment of the Obama administration.

Biden tried to clarify his comments later in the day, declaring that Republican presidential candidate Mitt Romney and running mate Paul Ryan would hurt middle-class voters. "The middle class was buried by the policies that Romney and Ryan supported," Biden said, attempting to squelch the controversy before it could provide momentum to the GOP heading into the first presidential debate, a session on economic policy scheduled Wednesday night in Denver. Romney pounced on Biden's initial comment, saying on Twitter that he agrees with the Democratic vice president: "the middle class has been buried the last 4 years, which is why we need a change in November." Biden told about 1,000 people in Charlotte that Romney would cut taxes for millionaires and raise them for middle-class families. "This is deadly earnest," Biden said. "How they can justify raising taxes on a middle class that has been buried the last four years? How in Lord's name can they justify raising their taxes with these tax cuts?"

Romney's running mate, Rep. Paul Ryan, said a Romney presidency is a solution for middle-class families who feel "buried" by taxes or government policies. "We need to stop digging by electing Mitt Romney the next president of the United States. Of course the middle class has been buried," Ryan said in Burlington, Iowa. "They're being buried by regulations; they're being buried by taxes; they're being buried by borrowing. They're being buried by the Obama administration's economic failures." Lis Smith, a spokeswoman for Obama's campaign, said the Republican response to Biden's remarks was "another desperate and out-of-context attack." Republicans hoped that Biden's remarks would give them a boost heading into Wednesday's debate between Romney and President Barack Obama.

In an afternoon conference call arranged by the Romney campaign, former New Hampshire Gov. John Sununu said Biden's comment helped "set the stage" for the debate. Of the two candidates on the debate stage, only Obama is responsible for the pain middle-class families feel, Sununu said. "Vice President Biden finally got something right when he made the admission that the middle class has been buried in the last four years under President Obama. I suspect it is probably in his debate preparation he's been looking at the statistics that are out there. The middle class has been devastated under President Obama," said Sununu, who served as White House chief of staff under President George H.W. Bush. Sununu said viewers should expect Romney to refer to Biden's remarks as they watch the debate Wednesday night.

How the middle class has fared during Obama's tenure is a mixed picture. Many have benefited from an extension of the Bush-era tax cuts under Obama, and a new cut in payroll taxes over the past two years. A resurgent stock market has helped those who have 401k retirement accounts. But the value of houses, the most valuable investment for many families, still hasn't fully recovered from the housing bust that started before Obama took office in January 2009. Unemployment remains stubbornly high from the Great Recession of 2007-2009 and wages are stagnant. A September Associated Press-GfK poll found 36 percent of likely voters think their family's financial situation has worsened in the last four years, compared to 27 percent who see improvement. Those with annual incomes below $100,000 are twice as likely as their higher-earning counterparts to say their finances have gotten worse in the last four years, 41 percent compared with just 20 percent among the higher income group.

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GOP pounces on Biden's middle-class remark
Oct. 3,`12 (UPI) -- Republican Mitt Romney and his campaign seized on a remark by Vice President Joe Biden that America's middle class has "been buried" for the past four years.

Romney, the GOP presidential nominee, said in a Twitter message Biden's remark at a Charlotte, N.C., campaign rally was an admission of President Barack Obama's failures. "Agree with @JoeBiden, the middle class has been buried the last 4 years, which is why we need a change in November." Campaign spokesman Curt Cashour called Biden's stray sentence, a day before Obama and Romney hold their first debate, "a stunning admission ... the middle class has been 'buried' under the last four years of this president's policies."

Romney running mate Rep. Paul Ryan told supporters in Burlington, Iowa: "Of course the middle class has been buried. They're being buried by regulations, they're being buried by taxes ... they're being buried by borrowing, they're being buried by the Obama administration's economic failures." Obama campaign spokeswoman Lis Smith called the attacks "desperate and out of context.'' "As the vice president has been saying all year and again in his remarks today, the middle class was punished by the failed Bush policies that crashed our economy,'' she said Tuesday.

Biden made his remarks when he told about 1,000 people Romney would cut taxes for millionaires and raise them for middle-class families. He cited an independent study by the Urban Institute and Brookings Institution's Tax Policy Center that found cutting tax rates by 20 percent and closing loopholes to avoid increasing the deficit, as Romney proposes, could be done only by raising taxes on households earning less than $200,000. The audience booed.

"No, no -- all kidding aside," Biden said. "With all the boos -- I mean, we can stop all that malarkey. Look, guys, this is deadly earnest, man. This is deadly earnest. "How they can justify raising taxes on the middle class that's been buried the last four years. How in Lord's name can you justify raising their taxes with these tax cuts?"

Read more: GOP pounces on Biden's middle-class remark - UPI.com