Are you in the "middle class" ?
It all depends on how you define your words...
Associated Press
STEVE PEOPLES
9/14/12
BOSTON (AP) — Mitt Romney is promising to reduce taxes on middle-income Americans.
Quote:
But how does he define "middle-income"?
The Republican presidential nominee defined it as income of $200,000 to $250,000 a year.
Romney commented during an interview broadcast Friday on ABC's "Good Morning America."
The Census Bureau reported this week that the median household income
— the midpoint for the nation — is just over $50,000.
The definition of "middle income" or the "middle class" is politically charged.
Both presidential candidates are fighting to win over working-class voters.
President Barack Obama has defined "middle class" as income up to $250,000 a year.
Obama wants to extend Bush-era tax cuts for those making less than $250,000.
Romney wants to extend the tax cuts for everyone.
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