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In reply to the discussion: $20,833.00 per month???? [View all]mostlyconfused
(211 posts)71. interesting fact. federal education spending was not cut under those guys
At least not according to the US Department of Education. http://www2.ed.gov/about/overview/budget/history/index.html
But education funding was much smaller under Reagan and Bush because the department was just created in the last year of Carter's presidency (well, originally more than 100 years prior, but it had no real budget until the 80's). It grew only from $14 billion to $20 billion under Reagan, and is up in the $70 billion range today, with the largest increases in percentage terms coming in the 2000's under Bush.
Haven't gone through all the line items in the spreadsheet yet. Money for pell grants went up under them as well, but some of the other lines may not have.
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I know people who make 250,000K per year, they live on golf courses with elevators
Heather MC
Dec 2012
#6
Then you are doing something wrong and you are decidedly NOT middle class...
Luminous Animal
Dec 2012
#23
They might consider themselves middle class but they'd be in the 20% of the SF population
Luminous Animal
Dec 2012
#75
"Class" isn't a term strictly related to income, IMO. People who have an income in that range
pnwmom
Dec 2012
#101
Upper Middle Class, perhaps, with that as a family income in a high cost city
Tom Rinaldo
Dec 2012
#87
Subarus are high end cars? It depends. I live in Subaru-ville where yes, there are new ones
uppityperson
Dec 2012
#70
Do you have any data? Two income households. DINKS. I'm single... I'd need two times the income.
NYC_SKP
Dec 2012
#11
My DH has a Masters Degree a full time job in the Military and several part time jobs one as a
Heather MC
Dec 2012
#4
Obama and Boehner are going back and forth between 250,000 and 1 million as the cutcoff point
robinlynne
Dec 2012
#9
Only $16,666.00 per month, that's pennies how could anyone live off less than $16,666 per month?
Heather MC
Dec 2012
#13
That's the rich people's way of saying "get lost". It does not mean it isn't plenty of money.
JVS
Dec 2012
#27
The highest average income (by area) per household in LA is $141,000....
Luminous Animal
Dec 2012
#33
that;s Crap, most people in NYC and LA don't have anything close to 200k, it IS enough
JI7
Dec 2012
#36
Sure you can. Most professions make less than $250K/yr. Nurses, IT, Accountants, etc make less.
stevenleser
Dec 2012
#147
I made half that in LA and retired in 15 years. What I didn't do was pretend
Egalitarian Thug
Dec 2012
#78
Exactly. I hate when people that live in inexpensive locations attempt to make values
bluestate10
Dec 2012
#149
And the proposed increase in taxes is levied on taxable income (after deductions and execemptions)
Luminous Animal
Dec 2012
#14
I love it when people making that much try to act like they're struggling
RedCappedBandit
Dec 2012
#19
By definition, middle class means you are NOT struggling. Obviously at the high end of that you
stevenleser
Dec 2012
#115
For clarification, my post was definitely not directed at any particular DUer
RedCappedBandit
Dec 2012
#117
20k gets burned up real fast in expensive cities and high tax states
taught_me_patience
Dec 2012
#20
I live in the real world, I live in a very expensive area. I know the numbers thanks
Heather MC
Dec 2012
#22
Yep. I live in San Francisco and most of the people I know make between $50,000 - $80,000
Luminous Animal
Dec 2012
#25
$80,000 in income, and they can only manage? So $80k in San Fran isn't very much?
Honeycombe8
Dec 2012
#40
I'd say $50K is working class. Rent for a 2 bedroom apartment is over $3000 a month.
Luminous Animal
Dec 2012
#51
Well, you're the one who stated 250k households live on golf courses
taught_me_patience
Dec 2012
#26
I said I know people there's a difference in making up something and knowing facts
Heather MC
Dec 2012
#38
I know a few areas with nice homes on nice golf courses, with home costs in the mid to high $200s.
Incitatus
Dec 2012
#45
Sorry, but if you can't scrape by on $5000 per week, then you're an absolute failure
Orrex
Dec 2012
#50
No, it hasnt, as the poster of #20 explained. No one is saying they cant make it on $250K/yr
stevenleser
Dec 2012
#127
Its not the same point at all. I think $250K/yr is definitely middle class as I noted in this post..
stevenleser
Dec 2012
#141
You keep creating straw men and are deluded into thinking that they are logical points. They are not
stevenleser
Dec 2012
#145
You are now arguing with yourself about your 80% straw man. My comparison is EXACTLY the point
stevenleser
Dec 2012
#152
No, that is just your latest strawman. I never remotely said any such thing. nt
stevenleser
Dec 2012
#162
Sorry, no. Comparison of what is middle class or not IS the goal according to the OP. nt
stevenleser
Dec 2012
#166
The increase is on taxable income after deductions and exemptions. A small business owner with $200K
Luminous Animal
Dec 2012
#29
I wasn't implying that you were but I do question your assertion that 97% of small business owners
Luminous Animal
Dec 2012
#34
No, we don't. Maybe that's the basis for the tax rate for a certain income....
Honeycombe8
Dec 2012
#93
Actually, you are wrong. If you fall in the 25% bracket, it means that you earn enough that
coalition_unwilling
Dec 2012
#103
Well, I looked it up, and I was wrong. $250k does seem to be above "middle class" income levels.
Honeycombe8
Dec 2012
#61
I think that there's so much dispute here about $250k still being middle class indicates that it is
Incitatus
Dec 2012
#47
This all started during the Reagan and then the Bush years...with education cuts.
Honeycombe8
Dec 2012
#58
interesting fact. federal education spending was not cut under those guys
mostlyconfused
Dec 2012
#71
Sorry...you must be wrong. I REMEMBER EXACTLY Bush on tv announcing the CUTS to college grants....
Honeycombe8
Dec 2012
#111
No. What you are suggesting is the Dept of Education's own numbers are wrong
mostlyconfused
Dec 2012
#136
Because a program is cut does not mean the dollar amount goes down, correct?
Honeycombe8
Dec 2012
#140
Poverty is classified by income, not percent. Whatever percent makes below X amount is considered
stevenleser
Dec 2012
#114
please link some document that says the government has this definition of middle class. FYI:
HiPointDem
Dec 2012
#77
"Middle Income" means something. "Middle Class" is an arbitrary bullshit distinction.
lumberjack_jeff
Dec 2012
#98
The top 1% are the only ones who have made a killing in the last 30-40 years. And at the expense of
stevenleser
Dec 2012
#142
2/3 of households who make more than $250,000 a year are 1 percenters.
lumberjack_jeff
Dec 2012
#151
It's not a percentage/percentile thing, it's a "What is their life like" thing. Thats my point.
stevenleser
Dec 2012
#153
Almost none... which makes it easy for me to demand more taxes from "them".
lumberjack_jeff
Dec 2012
#164
Household making $250K/yr still has more in common with one making $50K than a 1 percenter household
stevenleser
Dec 2012
#113
the median income is 80,000 dollars mostly in those cities nowhere near 250 Km
uponit7771
Dec 2012
#134
That's the Median which, if I remember my math, is the exact middle point between
WCGreen
Dec 2012
#139
Yeah, but that's after taxes, and private school, and the vacation fund, and the three car payments
killbotfactory
Dec 2012
#159