Range Of Middle Class Income
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They do not pay any direct tax.
Range of middle class income. This would put the middle class in the 34 352 to 103 055 income range based on the census median income of 68 703. Lower middle class. A family of 4 which can afford to rent a 1 bedroom house in low class areas of the city buy and maintain a two wheeler or entry level hatchback on loan. 70 indians belong to this class.
Provide food and education to kids in government college and cheap private schools. Other definitions of middle class income. Car such as alto and keep it for 15 to 20 years. 34 203 50 to 102 100 3 person family middle class income range.
The middle class range although estimates vary pew research center has claimed that a middle class income range is anywhere between 40 500 and 122 000 per year. Former secretary of labor robert reich suggests that the middle class should be defined as households making between 50 below and 50 above the median. Family of four earning between 50k and 4 5 lacs a year. Now going back to the pew research definition that the middle class is two thirds to two times the median income we get a range of 406 1 232.
41 735 64 to 124 584 4 person family middle class income range. Pew research center defines middle class as those earning between 67 percent and 200 percent of the median income which works out to income between 39 560 and 118 080. The lower range of 406 is particularly depressing.
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