Class is a complicated question. It involves more than just income. It involves the cost of living, lifestyle choices, and lived experience. It consists of social and cultural capital. So, while thePew income calculatormay tell us where we stand, the experience of class is entirely relative....
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the state does not have a personal income tax, and property taxes are on the low end when compared to those in other states, so Tennessee comes in at number three in our ranking.
Average taxes spent were added for each state to find the total percentage of household income paid to state taxes. Dollar amounts were rounded to the nearest cent. Percentages are rounded to the nearest hundredth of a percent. For purposes of this ranking, “family” means any household with...
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So, what is the "middle class," and how is it calculated? What Is the Middle Class? The middle class is loosely defined as those who fall into the middle group of workers compared to the bottom 20% or top 20%. However, the middle class has also been defined as those earning betwee...
To determine what “middle income” (what is also referred to in this story as "middle-class") means, the median household income for each state was used. However, the definition of “middle-income” can vary greatly. For purposes of this ranking, “family” means any household with at ...
To determine what “middle income” (what is also referred to in this story as "middle-class") means, the median household income for each state was used. However, the definition of “middle-income” can vary greatly. For purposes of this ranking, “family” means any household with at ...