NC Budget and Tax Center, Uncategorized

American Middle Class earns less than $250 K

The Economic Policy Institute released a telling graph this week on the distribution of tax filers by adjusted gross income.  The finding is that over 87 percent of taxpayers make less than $100,000 in adjusted gross income. Furthermore, those earning just under a million make nearly 20 times the average household.  Definitions of middle-class may certainly vary but this data confirms that reasonable definitions certainly would find the upward bound is below $250,000 a year.  This will be important as debate continues in earnest on the Bush tax breaks and their impact on the middle-class.

Check Also

House Finance Committee considering bill to amend state constitution tonight

UPDATE:  House Finance was cancelled last night.  Stay ...

Top Stories from NCPW

  • News
  • Commentary

Members of North Carolina’s State Board of Education passed down $2.5 million in legislative cuts Tu [...]

North Carolina Attorney General Josh Stein’s most important job is to keep people safe. For the Depa [...]

When Gov. Roy Cooper visits Wilmington on Monday, it's unlikely that he will be greeted by the [...]

When Gov. Roy Cooper signed the Strengthen Opioid Misuse Prevention or STOP Act into law last month, [...]

The destructive delusions in the Right’s opposition to public transit The modern day conservative op [...]

The post GenX & ’emerging contaminants’ appeared first on NC Policy Watch. [...]

73---number of days since the Senate passed its version of the state budget that spent $22.9 billion [...]

When you lower the bar enough for what’s possible, you create a new normal in which an inch forward [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more