Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Monday, August 3, 2009

CNBC starts the middle class tax increase MEME

it's great how they don't even know who middle class is.

when asked they said it was "people in the Middle"

the middle 20% of households make 35k-57K Which means they make
$17,500-$28,000 as individuals

Median wage is 25K

but for some reason Average is 38K

Health insurance coverage for a family of 4 is $12,700.

Which means your average household brings in $23,000-$44,000. Which is 2,700 per month.

For some reason, the 1.52 multiplyer between the Average and Median incomes..... I think that you could somehow tax that money....

What all this may mean is that there could be a Tax on incomes from 60-250K.... Which are not Middle Class.

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