I was drawn to the phrase, âon a tear,â which I heard in audio in this weekâs Barronâs magazine (June 6), reporting the good sales and profit performance of U.S. sneaker chain, Foot Locker: It says: Foot Locker is proving that expansion isnât everything.
Middle Class Average Income Range: $36,000 â $57,657. On a narrow view, a middle class family is said to have a mean average household income of $46,829 on a yearly basis. The numbers reflected on the 2010 Census showed that middle class average yearly income range from $36,000 â $57,657. Such figures fall on the third quintile.
Most middle-class families pay far less than this âaverage burden.â Suppose four families that each have incomes of $25,000 each pay $1,250 in income tax â fivepercent of their income â while one wea lthy family with $500,000 in income pays $125,000 inincome tax, or 25 percent of its income.ost middle-class families pay far less than this âaverage burden.â Suppose four families that each have incomes of $25,000 each pay $1,250 in income tax â fivepercent of their income â while one wea lthy family with $500,000 in income pays $125,000 inincome tax, or 25 percent of its income.