Mitt doesn't realize that the median income is actually less than Rafalca's yearly tax break

[kpete]

Mitt doesn't realize that the median income is actually less than Rafalca's yearly tax break

by digby

Things you learn from Mitt Romney:

GEORGE STEPHANOPOULOS: Is $100,000 middle income?

MITT ROMNEY: No, middle income is $200,000 to $250,000 and less.

What a funny out of touch rich man:

Regionally, in 2010, the Northeast reached a median household income of $53,283, the West, $53,142, the South, $45,492, and the Midwest, $48,445.

Another common measurement of personal income is the mean household income. Unlike the median household income, which divides all households in two halves, the mean income is the average income earned by American households. In the case of mean income, the income of all households is divided by the number of all households.[50] The mean income is usually more affected by the relatively unequal distribution of income which tilts towards the top. As a result, the mean tends to be higher than the median income, with the top earning households boosting it. Overall, the mean household income in the United States, according to the US Census Bureau 2004 Economic Survey, was $60,528

http://digbysblog.blogspot.com/2012/09/mitt-doesnt-realize-that-median-income.html

[hfojvt]

1. okay I read this clip even went to the link

and I still don't know what (or who) the hell Rafalca is. Nor why they get a yearly tax break, or how much it is.

It might as well be a gigawatt.

[bklyncowgirl]

3. Rafalca is Ann Romney's Olympic Dressage horse

Apparently through the magic of high priced lawyers and accountant the Mittster was able to swing a $70,000+ tax write off.

Nice work if you can get it.

[Indykatie]

4. Rafalca is Ann Romney's Horse - Google Rafalca Olympics for Further Details

[aint_no_life_nowhere]

2. It would be nice if Mitt occasionally backed up his vague pronouncements with sources and facts

Everything he says seems to depend on mood and his feelings about something but never on facts.

[hfojvt]

5. in this case though, he was essentially saying the same thing as Obama

Romney claims that his tax plan will not raise taxes on the middle class. He defines middle class the same way Obama does, as households making $250,000 or less.

Now Hullabaloo is correct to call BS on Romney's definition of "middle" class.

However, the same call could (and should) be levelled against Obama.

Bottom line is, the Bush tax cuts should be eliminated for incomes over $80,000.