Friday, September 14, 2012

Romney Defines Middle Income: $200K to $250K

Turns out Romney's not lying this time. He won't raise taxes on  the "middle class." But his definition of middle income is $200,000 to $250,000:
‘‘No one can say my plan is going to raise taxes on middle-income people, because principle number one is (to) keep the burden down on middle-income taxpayers,’’ Romney told host George Stephanopoulos. ‘‘Is $100,000 middle income?’’ Stephanopoulos asked. ‘‘No, middle income is $200,000 to $250,000 and less,’’ Romney responded. His campaign later clarified that Romney was referencing household income, not individual income. The Census Bureau reported this week that the median household income — the midpoint for the nation — is just over $50,000. AP