Townhall.com, Where Your Opinion Counts
Talk Radio:   Bill Bennett   Mike Gallagher   Dennis Prager   Michael Medved   Hugh Hewitt   
BREAKING NEWS  LeftArrow - Townhall.com : Conservative, Political, Republican   RightArrow - Townhall.com : Conservative, Political, Republican  
Columns, funnies & more in your inbox!
  • Check the boxes and send us your email address to receveive your free newsletter
  • Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
  • Townhall.com’s weekly inside scoop on what’s happening behind the scenes in the world of politics. When news breaks, we report.
  • Signup to receive the latest daily Townhall cartoons

Comment on: Search for the cure

The Middle Class is now $120,000

53 Comments

Middleclass now defined as $120,000

See for yourself

But

As inflation surges 120k will be Taco Bell wages. All these idiots are going to get soaked. If anyone votes for Democrats thinking that their own taxes arent going they are living in a dream world. The redistribution will take place with everyone's money.

Mildred...$120.000

Temporarily...if they can make it to the WH, it'll go waaay down...however, I believe Mac/Palin are going to surprise the pundits...

Go Mac/Palin!

Skep41 & Shiela:The truth is coming out

Thanks for stopping by. I agree, and out of the mouth of the guy who introduced him a number of times. Now we know that there is a relationship here.

well

that is NOT wealthy. that is comfortable. not with the price of gas, food, mortgages, student loans, college for your kids, car note, and basic every day necessities.

AmSweet Comfortable????

That's just making it when homes are so expensive, cars aren't cheap, clothing adds up, childcare for working couples, food, and that's for a famiy of 4. I had 4 children plus myself, and my smallest child was 6'1" and that was a girl. My taller daughter was 6'2" and the boys were 6'4'. and nobody wore a reular sized shoe. I always had to special order their shoes and clothes.
After paying the bills, I scraped just enough by to start a 401K which Obammy wants to tax now. I shutter to think what else he'll tax to keep the poor fat and happy.

mildred

I say comfortable only because that is about what my dad makes and his house is almost paid off...mind you the house I grew up in was purchased 20 years ago, so the mortgage is a LOT lower than by standards today!

So depending, it might be comfortable. But you are right by today's standards.

Mildred

$120,000 would be pretty comfortable to me. That would allow me to pay my mortgage, my bills, get a new car, spoil my kids a little more, maybe have a vacation, and start thinking about a retirement. That would actually be pretty comfortable for a lot of the middle class around here. Comfortable depends a lot on where you live, and how extravagant your tastes are, but I think I can safely say that for most, comfortable is about ten percent more than they are making now.

Amsweet: I hear you ....my point is

to live within your means. We did fine but I still clipped coupons and had a home within my means. Now remember, my children are your age. Let's look at it this way, you are 2 teachers or a nurse and carpenter and together you make 125k. you struggled for the first 20 years, this is what you are making midlife. You have a home and 2 children. Now, Obama and Bill Richardson say you are rich, so now they want to take more of your hard earned money to "spread it around". That extra money was to start a 401K or if you are self employed, an IRA. Not only are you paying taxes, but when you go to take your IRA/401K out in your golden years, after 55, you now have to pay higher taxes on it. 401 k/IRAs were created to avoid any taxes when your income become fixed. If that doesn't make the regular person uncomfortable, something is wrong.

Arik: Ditto

Arik see my answer to American Sweetheart. I am the 2nd of 8 children of a firefighter. Yes 120k is comfortable, but not RICH. At that income, you don't get tuition assistance from the state or federal government for your children's college education. I had 4 children, one is disabled...and they all atteended community then state colleges, on my dime. That's doing the loaves and the fishes. 120K still ain't rich!

oh i completely understand that!

I actually almost came back and added that exact point haha

great minds think alike

One of the biggest problems that caused this mess is people not living within their means.

I personally don't make anywhere NEAR $120K a year and I have bills and a child, but I make do and my kid wants for nothing. Is it hard when there is something I really want? Sure. Is it hard when there is more that I wish I could do? Absolutely. But this isn't a forever thing. I am still working through it and what I am doing now isn't the last stop. It is a step.

Exactly what I wrote about in the blog I have up about Tito the Builder and the one about nothing in life being guarenteed.

AmSweet: You are at the sunrise....

of your life, just like alot of other individuals. If, after getting an education, working, and raising a family (or not), all you have to show is $120,000 per year, that is not rich, and then to have the government come in and say you make to much, so we are going to give some of your money away... i just can't accapt that. For most people 45-60, they are paying the principal and not the interest, don't have children as dependents (or as many), and are paying federal and state taxes (some even pay city taxes), and then there is sales tax. We are at the time in our lives where we are closer to the horizon than theacme, and soon enough we will be retiring...to a fixed income.

Now we are mean and selfish

Michele says we're a mean country and yesterday Obama said conservatives make selfishness a virtue? Since when is it selfish to take care of yourself and your family and want a little left over for some of the rewards in life?

Pepp: Back on board

Listen these witless wonders are being sold "widgets" and are so entranced that the Widget Wizard can't produce enough fictional products fast enough. Free healthcare- widget, tax rebates for incomes under $120,000- widget, tax breaks for job creation (after he increases corporate taxes)-widget, balancing the budget-widget, tuition assistance(but only for those who file FAFSA & qualify)-widget.

And these cork soakers are just standing there with a big smile. Then when they get their widgets home, what are they going to do when t doesn't work....afterall he is lowering his post election expectations.

Irish Eyes

Obama is a lie! Nothing more! He is so arrogant he makes Billy Jeff look humble. He lies! He will bring back reparations, too! We think Political Correctness is bad now? Each word said or printed will be scrutinized looking for the hidden racial slam. Cannot believe this could happen in my lifetime. I can make it through these next few days, it`s the aftermath! Good post, Mildred!

Dawndawn: What happens when

These witless wonders wake up and find out their widgets are useless. Surprise! surprise! Surprise! These widgets are just as fictional as growing up on food stamps while living in Indonesia and then attending private school in Hawaii!
I beg to differ though, BO makes the guy that wanted to use his widget to crush Barry's n#ts look humble, Jesse Jackson.

120,000 dollars is not chump change

But I guess it's relative....I make far less and am doing o.k. Like many conservatives, i live within my means and work hard to improve the life of my family.I have a multitude of skills and will never starve..even if there's a depression someday. That being said, we shouldn't even fall into the trap of defining wealthy. It's none of anyone in the government's business to make assertions about the morality of being rich, or what their charitable obligations are. We should all revisit the constitution and remember what the job of government really is. Snap out of it conservatives. They work for us, not the other way around. When we entertain this division we encourage it.

Amerisweet: my post from earlier

Hope you don't mind me sharing my recent post on this subject.

Obama calls resistance to socialism selfish. The truth is that conservatives believe in giving to charity on a voluntary basis. Apparently, this is supported by recent studies that show conservatives give to charity way more than liberals. Forced donations to specific causes is socialism...not to mention a provably less efficient way of helping anyone in need. Earlier in the history of our nation , people addressed the needs of their neighbors and family without the help of government. The local churches also played a large role in charity. This burden has been shifted from interested parties to somewhat disinterested parties....just another chapter in the book of liberal short-sightedness. Another nasty result of this forced compassion is the ever increasing culture of dependence.When your neighbor helps you, you are reluctant to take advantage of them, theres a built in shame factor... when government helps, it is easier to disconnect morally from the benefactor. Obama's lack of wisdom is indeed dangerous. If he wins , it's one large step backward for selfdetirmination .... one giant leap for government dependence.

Redmeat: Not at all

Thanks for stopping by and feel free. Using Biden as a democratic example, he refuses to use Church envelopes to keep a record of his donations and reports a miniscule amount of charitable donations on his taxes, yet he claims that he does charitable work...for who? Barry and the Democrats? He is not earning his senatorial pay as far as I am concerned.
Our Constitution is not "a living document" which we change at whim without it being by the people and for the people. At present, it is at the disposal of politicians and for the politicians.
This is our second marriage. Together we raised 6 children, one is handicapped and we still provided for five college educations. However, the kids had to contribute too. I had 2 kids in college for the same 4 years and for 3 of those years, it was 3 kids. $120,000 is comfortable, but knocks you out of the box for tuition assistance. we live modestly, but feeding and clothing 6 kids, all over 6" tall and 3 of them girls ain't cheap either. NJ has the highest real estate taxes in the nation, and then there is the mortgage. I work for the health benefits, and I have a professional license, so I shouyld meet my own needs.

Yes Pepp: Biden did have a ........

lobotomy. The surgeons did it the old fashioned way, intranasally and filled the holes with hair plugs. I won't even tell you what part of the body they got his donor hair from, but it they never had exposure to the sun before then.

Mildred re Middleclass

Now $120,000! Do I hear $100,000!!??? 100 gets ya $75,000!! $75,ooo -going...going...lower...Where it stops no one knows!!!!!!

Hi KevInFL: $41, 999

And that's after deducting the wife, 3 kids, dog, 2 gerbals, and the Mexican lawnmower. But don't forget, they are living in the 4 bedroom 2 1/2 bath full basement house with the 110% mortgage and the 2 new cars. Don't forget, they'll need federally funded healthcare because the swimming pool in the backyard was a priority.
Thanks for stopping by.

Mildred

great post---I cannot wait to get that far!!LOL!and Kev and skip41 I agree!!

Cross: Those old actors are the ........

best. Even that b movie actor...what was his name???? Ron Something, no It was Ronald Reagan. yeah that was the guy. thanks for stopping by.

Mildred

Ah, I finally made it over here. I've had one busy day to say the least. And, I just got done tying up my rosemary herb cuttings for drying. Whew, what a job that was. Then Ron hung them up in the laundry room. It smells really nice in there.

Yeah, now how long will $120,000 hold? btw, has anyone seen or heard from Bill Richardson today? Halloween may have been quite a scary night for him.

Let's see, how far down will we go? Hmm....$42,000? Ha, the magic Negro number who voted 94 times for a tax increase on people making that little! Voila!

Oh, Biden was dripping diarrhea this evening. I put the TV on mute. thank God for that button. But, not soon enough before I saw him telling people in an angry manner that he's a patriot and will pay his taxes just like the rest of the people who are patriots. Right.

Have you gotten a hold of that proctologist yet? We are in dire need of him soon.

Mildred

I soooooooo love your sense of humor!

Pepp; Biden borrowed a rupublican line..

They'll have to pry his taxes from his cold dead hands (Charlton Heston NRA).He's so cheap...when he opens his wallet the moths fly out.
In previous years, he and his wife reported earnings of $314K now as the VP candidate...he was under the magic number of 250K oh my God! What is he going to do next year??????? He's rich at 246K.
As for the prctologist, they diagnosed Biden with money up the wazooo caused by his close association with Obama, which explains the fact that he's an anacephalic (for the non medical personnel, born without a brain).
Thanks for stopping by. We'll continue this until Tuesday.

Mildred

By election day it will be $15,000. Heck it will probably be everyone. No acceptions.

In my city, we have a guy running for city council that wants to make minimum wage $15/per hour. Sure! Lets see some more jobs go away and never come back! Oh and he wants to give free health care, child care and something else. He also believes in socialism. I kid you not, that was in his bio! Good grief!

People need to learn to live within their means. In CA everything is so over priced, but that does mean if you make $80,000 that you go out and buy a $750,000 home. And then a few months down the road realize, hey you can't pay for that. Now what? Oh 1-800-helpme! Compliments of the United States Government!

Hi Sue: NJ is another costly place

Well here in NJ the democrats are nuts too. We have the highest property taxes in the country, and believe it or not, the most expensive homes in the country.
Corzine's approval rating is in the 20's and the dems still prevail. He ran on lower taxes and the first thing he did was cut benefits to state unions, then he slashed jobs and finally a buy out. We are still in a defecit. This is disgraceful. But it is never the dems fault. And former Gov. McGreevey........what a fool.
Thanks for stopping by.

Mildred

You forgot to mention the 1-cent sales tax increase Corzine pushed through by telling us half would go toward lowering our property taxes. Only to say after it was passed that he couldn’t put it to the taxes like he said as it would only be for a year or two and that wouldn’t be right. Then a year later he tries for another 1-cent sales tax increase saying the same thing again. Only this time he got turned down, I couldn’t believe hearing him on the radio saying he didn’t understand why the sales tax increase was turned down. DUH!!

Dogged: What else I can't believe ...

is that the unions continue to support the democrats eventhough corzine plans to reduce the workforce through attrition. And last month the legislature passed the pension eligibility reduction.
The sales tax....don't even get me started on that. Hubby is a CPA and the state income tax and sales tax for businesses is a disgrace. What you forgot is the sales tax on services now.

redmeat

I don't mind at all. Spread the intelligence!


Mildred:

Would it be nice to one day make $120K a year? Sure. But it's not in my future with the careet path I want to take. My dream isn't to be wealthy. It's to make an honest living doing something I enjoy and being able to provide for my family. You don't need to be rich to do that because I'm already rich in other things that don't have a monetary value.

But it is still not the government's right to tell me I make too much money so I have to give it to someone else!

AmSweet: Money doesn't buy health or

happiness. most young couples start out struggling, then the kids come. If they make enough to squeek by and save for their retirement, which is evidence that they lived successful lives. Once the kids are grown and the home is almost paid, they should be able to squirrel some money away for retirement. Now they have to worry that when they are on a fixed income they will pay additional taxes on their 401K plans. And for what? The people that live off of the hard work of others?
Most Americans never expect to be rich, just comfortable. I do not believe in being taxed to share the wealth no more than I believe in society having to pay for my mistakes. There must be personal accountability to be a productive member of society, community, and country.

The point is,

the amount keeps coming down. It started at $250,000. That's a dip of $130,000 in a couple of months!

Let Obama and the Dems have control and you can skim off another 60,000 or so!

Obama has said that seniors making less than 50,000 will get a tax brake. So, if you make over $50,000 as a senior you are rich.

Sandra: There are sooo many points

The fact that Obama is preparing his team to prevent lowered expectations should be cause enough to send older voters to the polls for McCain.He has cut it by 52% already and the xpectation is that seniors will pay additional taxes on the capital gains from their pension plans 401Ks, 403Bs and probabky their IRAs. For a married couple with 2 pensions, social security, and the above add in any capital gains on the sale of a home/business and they will be paying taxes like never before.
Tey also pay sales tax and state income taxes.
Thanks for stopping by.

The Dems

over the past 20 years or so have defined "rich" as someone who actually pays taxes. So I guess the progression now goes from: gummint ward, poor, rich, able to pay bills, middle class, evil rich, Democrat elites and Hollyweird schmucks.

Mildred...

Why penalize hard working folks, when lowering taxes brings more revenue anyway? It's all about power over the people for socialists.

Mildred

I am some relatives who have spread out to New Jersey. I lived in Cherry Hill for two whopping years of my life.

I have to say you have some weird Gov's in that state. And I have heard by many with the property taxes are out the window. Didn't Corzine work for Bear Sterns or something like that? Wasn't he a big Wall Street guy? Or am I dreaming. That other Gov, that entire divorce was played out in the news.

So, did we get a new middle class defintion today? I mean new day, new gaffe meister to tell us something new. Oh sorry, today we had the entire coal industry on it's ear. Can hardly wait for tomorrow.

Crawfish: Is there a class for lazy

Today's argument is the clean coal....Michele Malkin brought it out yesterday and Fox is running with it. He will bankrupt the caol industry and electricity will skyrocket.

Shiela: Not only do they not

pay taxes, they get the earned income credit if they have children. BO wants to increase taxes as he skyrockets electricity bills and put coal workers out of business.

Sue: Land of liberals

Weird? just plain loco. McGreevey was gay, Corzine divorced his wife after the senate race, literally was in bed with the unions (CWA head was his girlfriend), worked for Sachs and Goldman, drives at 95 mph without a seatbelt.

He's a bum....raised taxes in the first 6 months and extended it to other services.

Mildred

"As for the prctologist, they diagnosed Biden with money up the wazooo caused by his close association with Obama, which explains the fact that he's an anacephalic (for the non medical personnel, born without a brain)."

LOL! Oh I have quite the imagination so I know where they got that hair too.

I love the line about moths flying out of his wallet.

Today is the big news broken on how Obama wants to bankrupt coal companies. This should go over real well in states like OH, PENN, W.VA, KY (which already is in the bag for McCain so no sweat there). His big mouth, BHO's got him into this new mess. I hope it changes a lot of votes in these states to McCain.

Pepp: I agree and my fingers are

crossed. Where the heck were the repub researchers for this? You forgot to mention that electricity bills will skyrocket. Let's hope the elderly voters hear that part of Obammy's message too. Limited income homes did not get his promise not to raise their electricity bills, only their taxes. And I don't recall hearing a share the electricity quote either, or a call for universal electricity coverage.

Mildred

Corzine sounds like a swell guy. I remember the seatbelt incident.

As for the Gov before him, I remember when he came out and cried with his wife standing by him. I like how she writes the book and then during the divorce he is crying that he is poor and she should pay him alimony.

We have enough Libs here; Waters, Pelosi, Feinstein, Boxer, Mayor Newsome (San Fran - loon), Mayor Tony (LA County), and the list goes on and on and on!

Sue: You forgot...now he is

studying to be an Episcopalian priest. McGreevey went to school with my sister-in-law and now lives adjacent to my high school friend. If you are a Democrat then you should be living in NJ.

I live on the shore and in the Pinelands.....the land of rednecks.

Mildred

I guess I missed his new profession. Oh please! I don't know whether to laugh or cry about that. Ugh!

Sue: We went .....

Republican in our town. Right now, I informed hubby that we are pursuing my Irish citizenship. As second generation, I am entitled. Then we are moving there since he is a professional and will be eligible for social security and medicare. I'll work and get their healthcare and we'll invest our money there.
I told my husband that if the country is "tested", remember everyday that I love him because of our proximity to NYC and nuclear power, 2 major targets.

Mildred

Well, I did see on the map that Orange County CA did vote (majority) for McCain. Pretty large margin. Good! In Los Angeles, they really went Obama.

I noticed the Dow has continued to go down. I set up all my sales. I dumped it all. I will pay the taxes this year not after Obama takes too much of them. I also halted any contributions to my 401K. Congress mentioned 401K creeps me out, so I will keep it as is. I have moved onto other investment options.

I saw this story online. Just makes you want to pull your hair out some more.

"Who’s going to be the leader of the financial world in the role of Treasury Secretary under President Obama? It may be Democratic New Jersey Gov. Jon Corzine, who has pushed for an additional economic stimulus package to the tune of $300 billion to support infrastructure projects."

Link to article - hope it works. http://www.businessandmedia.org/articles/2008/200811051314 06.aspx

Sue: The automakers want more

I will read your article in a few. I am in Florida and on dial-up..so be patient...the typing keeps cutting out..due to pop ups and animation. I am posting a new blog on the automakers going with the UAW to the beggar's ball at Pelosi's office. Look for it by 2pm EST.

The market is in the tank, and the answer is not extending unemployment or more bailouts. The American peolple need to be innovative, not lethargic.

As for Corzine, he went into politics because Goldman Sachs was letting him go. NJ is in a fiscal crisis, and now 2 days afer the election in a swing state Phil. mayor announces 108,000,000 deficit. POLITICS!

Mildred

I saw that about the automakers. I am printing out your letter to read it.

I see that Reid is meeting with Leiberman to throw him under the bus. Heard about Pelosi, but apparently she is wielding her gavel power and Dems and Repubs are getting sick of it.

Corzine seems to have done wonders for New Jersey. Stop the madness. Almost as good as Gov Arnold.

I saw that about the deficit. Good grief. What the heck? This is so out of control. It really is.

I see the Dow continues to tank. I was going to buy, but decided no. Just waiting for my check on what I sold. My dad sold half the other day. He also wants to know how he can get on the entitlement list. I was laughing.

Su: Had to go take care of

the old folks, but am back now. We have mostly 401Ks, 403Bs, and some IRAs. We keep most of out assets in property. I'll get a small pension & we will sell the CPA practice in time. I have some J&J stock, and will keep that. It is only about 100 shares. I prefer US Savings bonds, and have them for the children.

I will stopby other blogs and let them know what I posted. Who knows, maybe I am nuts, but rather than blog I feel we need to get a grassroots action going. Look what it did for OBAMA. He had groups of 40 spammers sending out his message. We should do the same, but with solutions, not gripes.

Mildred

Today while being on hold, I was on the web and I went to the site that Rush had been talking about. It is for the new administration. The address is http://www.change.gov. They have their health insurance plan up there and everything from Homeland Security, etc...under the agenda heading. If you get a chance, look at the health care section.

I do not want to sit and complain, but a lot of the items on the agenda seems to favor the "world" and the lower income for almost everything.

Now as for grassroots, I did happen to go to the site of http://www.moveon.org. I don't like that site, but I went for one reason. I wanted to see the organization that they had and also everything they did for him. It was very well done.

Sue: Feeling your pain is called empathy

I know how you feel. My problem with the republicans is what I see here, all talk and no action. I sent dozens of letters to my representatives, andin each state that I own property. I have 4 properties, one is undeveloped and one was purchased at a bargain in an adult community for our parents.

Even if the bloggers don't beleive in unions, they should support alternative ideas that leave both parties wanting and room for each party to improve. The Dems learned the hard way that apathy is not an answer and took action in 08. Unfortunately, I think they backed the wrong candidate.

I will continue rally for what I believe in, which is more responsibiity and accountability for healthcare, the fair tax, and improving lifestyles through motivation, not stagnation, whic i where I think we are headed. Check out http://www.bondinfo.org., his pastor holds conservatve values. I checking your site out now.