Middle class

The deteriorating definition of middle-class America

President (and candidate) Obama has pledged numerous times not to raise taxes on Middle-Class Americans.  Any tax!

  • No raise in Income Tax.
  • No raise in Capital Gains Tax.
  • No raise in Payroll Tax.

But – What is the definition of Middle-Class?

Who belongs to the Middle-Class and therefore ‘deserves’ to see no tax increase?

And who of us belongs to the Upper-Class and therefore ‘deserve’ to be taxed more?

 

Let’s see:

 

1) The $250,000 threshold

On numerous occasions Obama has promised that your taxes won’t go up if you’re making under $250,000 a year.

2) The $200,000 threshold

In a campaign ad from October 2008, Obama pledged a tax cut to any family making less than $200,000 a year.

3) The $150,000 threshold

In an interview given in October 2008, Vice President (then candidate) Joe Biden said tax breaks should go to middle-class people – people making less than $150,000 a year.

4) The $97,500 threshold

In November 2007, President (then candidate) Obama said he wanted to raise payroll taxes on people making over $97,500 a year, defining this portion of the population as “upper-class”.

 

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