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Started By
Message
What is the income range for "middle class" per the board?
Posted on 9/27/17 at 12:06 pm
Posted on 9/27/17 at 12:06 pm
20
Posted on 9/27/17 at 12:13 pm to MSMHater
I would define middle class as the range of 25% - 75% of income earners. I do not know what that translates to dollar numbers. Median income +/- 25%.
ETA: I found some numbers.
The overall average household income in 2015 was $67,565. I would call middle class to be $50,674 to $84,456. Sounds low, but middle class isn't as easy of a life as it was in the past.
ETA: I found some numbers.
The overall average household income in 2015 was $67,565. I would call middle class to be $50,674 to $84,456. Sounds low, but middle class isn't as easy of a life as it was in the past.
This post was edited on 9/27/17 at 12:18 pm
Posted on 9/27/17 at 12:31 pm to TigerFanatic99
quote:
The overall average household income in 2015 was $67,565. I would call middle class to be $50,674 to $84,456. Sounds low, but middle class isn't as easy of a life as it was in the past.
I think that says more about just how many people we have in this country who make retarded amounts of money...
...and more importantly, just how many we have that live off of those of us who are paying taxes.
Posted on 9/27/17 at 12:33 pm to MSMHater
quote:For most people...
What is the income range for "middle class" per the board?
if you make less than me... you’re “poor”
If you make more than me... you’re “rich”
If you make about what I make... you're “middle class”
There’s nothing better than people making $120k/yr that tell you the top 10% are “rich” but they are “middle class”
Posted on 9/27/17 at 12:34 pm to MSMHater
$75k-$225k, but that depends on a lot of other factors.
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Posted on 9/27/17 at 12:36 pm to DisplacedBuckeye
Cost of Living is really important to consider. You can’t use a simple dollar figure due to that.
Posted on 9/27/17 at 12:36 pm to Taxing Authority
A family making 120K a year is middle class.
Posted on 9/27/17 at 12:37 pm to MSMHater
I define it pretty broadly - between the $50k range of household income, up to about $400k.
Maybe I'm old and I should punch the bottom up to about $60k or so, but I'll stand by $50k to $400k.
(In case it's not clear, I'm saying $50k is the bottom edge of lower middle class and $400k is at the upper end of upper middle class - much below $50k is working poor. I set the upper edge of upper middle class pretty high because you don't really grow out of confiscatory taxation until you're approaching half a million - no shite.)
Maybe I'm old and I should punch the bottom up to about $60k or so, but I'll stand by $50k to $400k.
(In case it's not clear, I'm saying $50k is the bottom edge of lower middle class and $400k is at the upper end of upper middle class - much below $50k is working poor. I set the upper edge of upper middle class pretty high because you don't really grow out of confiscatory taxation until you're approaching half a million - no shite.)
This post was edited on 9/27/17 at 12:55 pm
Posted on 9/27/17 at 12:38 pm to Rougarou13
Notice ... that is just "combined FEDERAL taxes."
That % is a lot fricking higher when you factor in state taxes, local/county taxes, city taxes, sales tax ... tax....tax....tax....tax....tax....tax....tax.
frick a DAMN TAX.
That % is a lot fricking higher when you factor in state taxes, local/county taxes, city taxes, sales tax ... tax....tax....tax....tax....tax....tax....tax.
frick a DAMN TAX.
Posted on 9/27/17 at 12:41 pm to Ace Midnight
quote:
$400k is at the upper
bro, that’s a lot of money
Posted on 9/27/17 at 12:42 pm to sorantable
quote:
bro, that’s a lot of money
In Louisiana, yes. In NYC or San Fran? Not really.
This post was edited on 9/27/17 at 12:43 pm
Posted on 9/27/17 at 12:42 pm to TigerFanatic99
quote:
I would define middle class as the range of 25% - 75% of income earners. I do not know what that translates to dollar numbers. Median income +/- 25%.
Posted on 9/27/17 at 12:43 pm to sorantable
quote:
bro, that’s a lot of money
"Comfortable" money in NYC is north of $175k.
If you have kids add $50k.
Posted on 9/27/17 at 12:43 pm to MSMHater
Wouldn't middle class be by definition the average household income? Which is right around 55k.
Posted on 9/27/17 at 12:44 pm to Centinel
quote:
In Louisiana, yes. In NYC or San Fran? Not really.
$400K is a lot of money in 99% of the country.
Posted on 9/27/17 at 12:44 pm to NYNolaguy1
Damn I just need to marry someone in my class and were 10% ers 
Posted on 9/27/17 at 12:46 pm to sorantable
quote:
bro, that’s a lot of money
It is - but it doesn't make them out of the middle class.
You want to know what that guy's take home is, after Federal, State, FICA, 401K (I know his money, but not now, later) - Medicare, etc. get done with him? Maybe $20k a month. Yeah, that's a lot of money, but it ain't $400k - barely over half that. Don't get blinded by the zeros. Gross income ain't what it used to be.
ETA: To add insult to injury, the crooks in congress are going to come at him for another few points a year, which will come right off the top of all of that.
This post was edited on 9/27/17 at 12:48 pm
Posted on 9/27/17 at 12:46 pm to TigerFanatic99
quote:its never been better. People always complain how things are worse. Like housing costs. But...
Sounds low, but middle class isn't as easy of a life as it was in the past.
Houses are getting bigger...
With fewer people in them ...
For most people if they lived with same spending and ammenitites of the 70s.. they’d feel a lot more wealthy.
This post was edited on 9/27/17 at 12:55 pm
Posted on 9/27/17 at 12:48 pm to MSMHater
quote:
What is the income range for "middle class" per the board
You need more than 3 terms
People who use the same word to describe a family making $300k per year and a family making $5M a year are insane
Posted on 9/27/17 at 12:49 pm to MSMHater
About three-fiddy
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