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The New York Times Redefines Middle Class Upwards

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-13-10 03:23 PM
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The New York Times Redefines Middle Class Upwards
In an article that discussed the benefits of the tax deal for the middle class the NYT told readers:

"And other provisions that benefit the middle class have gotten virtually no attention, including a temporary repeal of a limit on itemized deductions and repeal of the phaseout for personal exemptions. Together, those tax breaks will cost nearly $21 billion."

The phaseout of the personal exemption only begins to kick in for couples with incomes over $250,000. This places them above 98 percent of the population in income.

http://www.cepr.net/index.php/blogs/beat-the-press/the-new-york-times-redefines-middle-class-upwards

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The Magistrate Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-13-10 03:26 PM
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1. Unfortunately, Ma'am, That Is Probably About Where 'Middle Class' Really Begins
People say 'middle class' when they ought to say working class or laboring class....
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