Tuesday, June 10, 2008

McCain: Americans making $200,000.00 are 'Not Rich'

The McCain campaign’s perception of American incomes is woefully out of touch. An income of $200,000 places an American family firmly in the “rich” category:
– The 2006 census showed that an income of $174,012 put an American household within the top 5 percent of income earners.
– A report by the Citizens for Tax Justice estimates that in 2008, “only 3.2 percent of taxpayers will have adjusted gross income (AGI) greater than $200,000 and only 2.1 percent will have AGI over $250,000.”
– A 2007 Wall Street Journal article placed earners who make $277,000 in the top 1 percent of all income earners.

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