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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Trump + North Carolina News + Commentary
In dozens of vitally important areas, policy decisions of the Trump administration are dramatically affecting and altering the lives of North Carolinians. This growing collection of stories summarizes and critiques many of the most important decisions and their impacts.