Quote:
Originally Posted by NemesisX
Quote:
Originally Posted by ASAP
upper middle class is 350k lmao?
that is close to the 1%... math doesnt add up
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Ultimately it's pretty random how you define class. The only reason I include that income bracket within "upper middle class" is because most people who make that kind of income (plus or minus $50k/year) consider themselves to be squarely "upper middle class" (I had the article bookmarked but I can't find it at the moment)
If most of their money is coming in as wage income, they're part of the tax bracket that pays the highest effective tax rate of all income filers in the nation.
And obviously like others have mentioned location matters a lot. $350k/year in the middle of nowhere in Nebraska is very different from $350k/year in Palo Alto or Manhattan.
$350k/year for a single person (upper class?) is very different from $350k/year for someone supporting a wife and a child (upper middle class?) or someone supporting a wife and 2-3 children (upper middle class?). |
lol none of that changes official govt statistics or tax brackets