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by stusmall
3155 days ago
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That's why I said wealthier. As a lot of people pointed out new cars, especially electric, are still something bought by people earning more than average. These aren't yachts but they are still target higher end come breaks. Even with the tax breaks that include middle class earners benefit the rich more just by the nature of how deductions work. The rich tax payer would have had this deducted income taxed at a higher bracket than the middle tax payer would thus a bigger absolute savings on their tax bill. |
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Between 2015 and 2016, US median household income rose 3.2% from $57,230 to $59,039, according to a new report released by the U.S. Census Bureau on Tuesday.
So, yes, the median household income is right in line with being able to purchase a 20k vehicle.