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.

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Friday, Feb. 16

12:00 PM

Crucial Conversation – Prof. Peter Edelman discusses his new book, Not a Crime to be Poor: The Criminalization of Poverty in America

Prof. Edelman is coming to the Triangle to mark the 50th anniversary of Durham-based nonprofit MDC. His visit is the first of a series of MDC-sponsored events focused on ways that Southern leaders can work together to create an Infrastructure of Opportunity that shapes a South where all people thrive.”