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2016 Postmortem

EndElectoral

(4,213 posts)

8. Here's the problem with indexing income.

Reply to MineralMan (Reply #2)

Fri Nov 20, 2015, 01:09 PM

Nov 2015

The IRS has simply NEVER done this for differing geographical incomes.

To try and set an indexing income means test creates its own set of major problems. For example, one could say that the average middle class income in New York is higher than in West Virginia, but it doesn't tell the whole story. The average middle class income of say Elmira, New York may be significantly lower than Westchester, and more in line with say Charleston, WV. Even among a city like NYC there is great disparity of income among boroughs.

One may be able to create a geographic inflation deducter which could be used to adjust income in excessive situations, but I think a standard rate has to be established.

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Highlight:

Hillary Clinton's Strange Definition Of "Middle Class" - MoJo [View all] WillyT Nov 2015 OP

So a family that makes almost 700 dollars a day is "middle class"? That's interesting. BlueJazz Nov 2015 #1

Where to set the cutoff point for the middle class is always MineralMan Nov 2015 #2

good points, and I do not think it would be fair to force Rose Siding Nov 2015 #5

I don't think we're talking about downsizing starroute Nov 2015 #9

Can you confirm that the increases Rose Siding Nov 2015 #10

The income tax is already progressive starroute Nov 2015 #17

I'm not understanding how the "lion's share of income is circulated back into the economy" erronis Nov 2015 #14

Here's the problem with indexing income. EndElectoral Nov 2015 #8

LOL at the ponderous attempt at deflection. nt Romulox Nov 2015 #20

Just an LOL, eh? MineralMan Nov 2015 #23

I didn't *really* laugh out loud. But the derision is there! nt Romulox Nov 2015 #24

Thanks for the excellent discussion, then. MineralMan Nov 2015 #25

There's nothing to "discuss" with you. You're here to speak soothing words to power, nothing else. Romulox Nov 2015 #26

Below $250k sounds great. JaneyVee Nov 2015 #3

When you earn $250,000 for a half-hour speech you might not be able to relate to the rest of us. Scuba Nov 2015 #4

Matches her definition of "broke". Fuddnik Nov 2015 #6

"Bernie Sanders has called for a roughly 9-percent tax hike on middle-class families" EndElectoral Nov 2015 #7

There would be winners and losers under Sanders plan dsc Nov 2015 #13

oh dear me. According to that chart, I am so fucked. Hiraeth Nov 2015 #11

She hasn't "evolved" on this issue.... bvar22 Nov 2015 #12

Great reminder. I find it odd, people making $250,000 calling themselves 'middle class' 99th_Monkey Nov 2015 #15

K&R. n/t winter is coming Nov 2015 #16

Biden defined Middle Class as difficult to miss two pay checks. Seems 250K is a little high for that EndElectoral Nov 2015 #18

Yikes. I feel like a peasant. Vinca Nov 2015 #19

$250,000 a year isn't middle class, and it's embarrassing for her supporters to argue that it is. Romulox Nov 2015 #21

It's her base Doctor_J Nov 2015 #22

That definition of middle class is a little crass. aidbo Nov 2015 #27

Evening Kick... WillyT Nov 2015 #28

I'll be honest.... My household income is top 5% (barely) Adrahil Nov 2015 #29

Huge K&R, WillyT... MrMickeysMom Nov 2015 #30

The truth is that there isn't much of a middle class left Hydra Nov 2015 #31

Sounds a lot like how they like to view small businesses. raouldukelives Nov 2015 #32