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re: What do you consider middle class?

Posted on 2/10/20 at 7:34 am to
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 2/10/20 at 7:34 am to
It's gross, has to be. No one makes close to that in those brackets after the government is done stealing from them.
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
37482 posts
Posted on 2/10/20 at 7:35 am to
quote:

Middle class is the middle quartile incomes. It's pretty straight forward.

The only reason the water is muddied is because a shite ton of this board was raised upper class and was told it was middle class, so their view is warped. People typically have no clue how many people are making it on far, far less than they are.
It honestly depends on where you live. If you live in New Orleans proper, you're going to struggle with a family of 4 on 120k (because you're most likely going to have to send your kids to private school, and shell out 400k+ to live in a home/area that is "safe").

"The South" is too broad of a description. Most places in the South, you are good to go on 120k income, but there are a few places where it's not going to go as far.
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 2/10/20 at 7:35 am to
quote:

Pew research defines it from 45-135k. Depending what part of the country you live, that is enough to drop 19.5k in a fund and pay bills. So my assumption is not far off.


You know people making $50k/yr and saving $19.5k in a 401k?
Posted by HempHead
Big Sky Country
Member since Mar 2011
56773 posts
Posted on 2/10/20 at 7:36 am to
I like the old English definition of classes. Working class is anyone who has to work in some capacity to survive - obviously, there are varying gradients. Middle class is someone who doesn't have to work/owns their own enterprise, or at least can pursue whatever they please. Upper class are those who can do whatever they want, as can their children and grandchildren.

Which probably puts 90-95% of the population as working class.
This post was edited on 2/10/20 at 7:37 am
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 2/10/20 at 7:36 am to
quote:

Amazon paid less than 2% on billions of profit

do you know why this is?

Posted by AUCE05
Member since Dec 2009
45425 posts
Posted on 2/10/20 at 7:36 am to
I mean, public services are expensive. Roads, civil workers, education, etc. No one does that for free.
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 2/10/20 at 7:36 am to
quote:


It honestly depends on where you live.


To some extent, sure, but if you're making $150k in New Orleans, you're likely in a field you could make $100k elsewhere. Those people are below middle class in New Orleans by choice.
This post was edited on 2/10/20 at 7:37 am
Posted by Centinel
Idaho
Member since Sep 2016
46710 posts
Posted on 2/10/20 at 7:37 am to
quote:

Amazon paid 1.2% versus 14% for average Americans.


Now go research why Amazon paid that rate. And other companies who pay similar rates during certain periods of time. I'll even give you a hint: losses carried forward.

And you want corporate taxes to be low. Any corporate tax increase is simply passed on to the consumer.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 2/10/20 at 7:37 am to
quote:

project and trailer park dwellers skew the mean

how do they skew it?

they only skew it if you want to pretend they're not people/households

...which was exactly my point
Posted by CivilTiger83
Member since Dec 2017
2525 posts
Posted on 2/10/20 at 7:38 am to
quote:

that means HALF the population has a household income sub-55k



What percentage of the population lives in the projects or on a farm in rural nowhere?

Take a place like Cobb County around metro Atlanta. Plenty of wealthy households, but plenty of poorer areas as well. The median household income in Cobb County is almost $80k.
Posted by NYNolaguy1
Member since May 2011
21849 posts
Posted on 2/10/20 at 7:39 am to
It is gross income.

What would be more interesting would be a chart of 25tu to 75th percentile by state.
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 2/10/20 at 7:39 am to
quote:


how do they skew it?

they only skew it if you want to pretend they're not people/households

...which was exactly my point


Exactly. Low income homes don't skew shite. They're real.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 2/10/20 at 7:40 am to
quote:

losses carried forward.

that, insane R&D spending, and deducting stock options used as salary

Amazon does it right. they invest heavily in R&D and don't do stock buybacks with windfalls. they also weren't profitable until basically last year
Posted by Centinel
Idaho
Member since Sep 2016
46710 posts
Posted on 2/10/20 at 7:40 am to
quote:

And a continuum between those two for places like Columbia, SC


Columbia is still cheap as shite to live. You can easily get a good sized house within 10 minutes of downtown for under 300k in a good neighborhood.

If you want a bit more of a drive but still 30 minutes or less, low 200s in new construction all over the place.

Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
151580 posts
Posted on 2/10/20 at 7:41 am to
I read your quote wrong
Posted by AUCE05
Member since Dec 2009
45425 posts
Posted on 2/10/20 at 7:41 am to
You are moving the goalposts. OP asked what does each individual consider MC. My opinion is saving for retirement and paying bills. There is behavioral component involved in the rankings. I provided research that supports my opinion. If you have evidence that contradicts what I posted, then link it and I will read.
Posted by Centinel
Idaho
Member since Sep 2016
46710 posts
Posted on 2/10/20 at 7:41 am to
quote:

that, insane R&D spending, and deducting stock options used as salary

Amazon does it right. they invest heavily in R&D and don't do stock buybacks with windfalls. they also weren't profitable until basically last year


But all that doesn't make for a nice sound bite to push your CORPORATIONS R TEH DEBIL narrative.

Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 2/10/20 at 7:42 am to
quote:

Columbia is still cheap as shite to live.


You can just feel the change coming, though.

First, the hordes blew up Charlotte. Then, Charleston became expensive as shite to live in. Now, Greenville is experiencing the wrath of transplants driving up the cost of living.
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 2/10/20 at 7:43 am to
"Does it right" is perspective. Depends on how you look at it. I doubt their employees feel the same. I sure as shite wouldn't want to work for Amazon.
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 2/10/20 at 7:44 am to
quote:

My opinion is saving for retirement and paying bills


OP asked for middle class by income.

You said being able to pay your bills and max our your 401k.

You posted income ranges as low as 45k to support your point.

I'm pointing out that your original premise doesn't match those ranges at all.

Your own evidence doesnt match your original post.
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