Capital Commerce

Does $150,000 Make You Rich?

By James Pethokoukis

Posted: October 28, 2008

NRO's Byron York notices that Team Obama seems to be lowering the income threshold that determines who gets an Obama "tax cut." Let's put it this way: If you make more than $150,000, don't bother looking in the mailbox. And we are rapidly approaching the threshold where a married couple—the proverbial cop and school teacher—may be regarded as rich. Strange.

What...

You're actually reporting this as fact... great journalism. What happened to fact checking? Interesting how the GOP can grab stuff out of thin air and it becomes fact instantly, but I guess that's what happens when you have a islam-o-muslim-terrorist-socialist-kenyan-born-commi running for president of the US eh?

AC of NV @ Oct 29, 2008 12:04:54 PM

Jimmy Durante and me

He had a childlike optimistic take on life. Me too.

And when confronted with harsh reality, as all of us often are, his phrase "what a revoltin' develpment that is" summed it up pretty well.

I always thought I was "middle class" and really fortunate to be able to always make it somehow after all as in the Mary Tyler Moore theme.

Then, along came all these "given" facts by the politicians that describe "middle class" and "rich" and "average" as figures that formerly--and still do--exist only in my imagination.

$60,000 a year, $150,000 a year, $250,000--hey, is that in a lifetime?

Now I finally learn that I've been only existing at and often below what is now officially described as the poverty level--except without the benefits thereof.

Who knew?

HillbillyBill of TN @ Oct 29, 2008 08:17:54 AM

Jimmy Durante and me

He had a childlike optimistic take on life. Me too.

And when confronted with harsh reality, as all of us often are, his phrase "what a revoltin' develpment that is" summed it up pretty well.

I always thought I was "middle class" and really fortunate to be able to always make it somehow after all as in the Mary Tyler Moore theme.

Then, along came all these "given" facts by the politicians that describe "middle class" and "rich" and "average" as figures that formerly--and still do--exist only in my imagination.

$60,000 a year, $150,000 a year, $250,000--hey, is that in a lifetime?

Now I finally learn that I've been only existing at and often below what is now officially described as the poverty level--except without the benefits thereof.

Who knew?

HillbillyBill of TN @ Oct 29, 2008 08:17:53 AM

Add Your Thoughts
About You

advertisement

Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

advertisement

advertisement

Subscribe

U.S. News Digital Weekly

A weekly insider's guide to politics and policy — in a multimedia, digital format. 52 issues for $19.95!

U.S. News & World Report

6 months of U.S. News & World Report's print edition for only $15. Save up to 67% off the cover price!