Friday, September 14, 2012
Republican presidential candidate, Mitt Romney, a man with a net worth of at least $250 million with secret bank accounts in mysterious, off-shore tax havens like the Cayman Islands and Switzerland, was asked by ABC’s George Stephanopolous if $100,000 is middle income. His reply may or may not surprise you.
STEPHANOPOLOUS: Is $100,000 middle income?
ROMNEY: No, middle income is $200,000 to $250,000
Poor Mitt. He lives in an alternative universe. According to recent U.S. Census data, just 1.9% of U.S. households fit that definition.
Median U.S. household income is around $50,000.