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I have been following the middle class tax cut extension debate. This is where people who make $250,000 a year call themselves middle class. Those middle class households are in snoburbia, where all the politicians and media commentators live.
The Census Bureau would call them something else: rich. The median family income is $50,223. Only 1.9 percent of American households earn $250,000 or more. This may come as something of a shock to people living in the snoburbs.
When your neighborhood norm is that people send their kids to $30,000-a-year private schools and then $50,000-a-year private colleges, you just might feel entitled to tax relief if you make only $250,000 - or [gulp] under.
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