THE NEW HOLISTIC RETIREMENT • 79
The Middle What? It fh ye omu itnotook fai vl let he eq uhaolups ae rhtosl, dyionuc owmoeusl di nhAamv ee rf ii vc ae aqnudi ndt ii vl ei ds eodf it nh ceo ml oe w. Tehs te l oqwu ienstti l ien, c oamn ed- e at rhnei n gh iAg mh eesrti c ainnsc owmoeu-leda rbnei ni ng Ai nmc oemr i cealnesv ewl so, ut hl de obne e si nI twhaes hriegfheer rsitn gq ut oi n, twi l eo.u lTdh eb emi ni dtdhl ee middTlheeqmuiindtdillee.quintile represents what everyday Americans aq ruei nl ti ki l ee lsy ptaoy pvaeyr yi nl i tt at lxeeos f. Ionucronma et i oe na r’ sn tearxs ri ne vtehneu be o(tat roomu nt dw 3o ptreurlcyebnetg)i,nsso. the middle quintile is where U.S. tax revenue ³³ And, it paints a very different picture from the top tax rate analysis above. The most recent year for which we have readily aisvai2la0b1l8e.quintile information regarding American incomes ³⁴ In that year, the average middle quintile household reported $63,572 of income. That amount of income placed the middle quintile family in the 12 percent single filing tax bracket. Now let’s go back twenty years. ³³ Demian Brady. National Taxpaer Union Foundation. May 25 , 20 22 . “Who PinacyosmInec-toamxeesTaxes?” https://www.ntu.org/foundation/tax-page/who-pays- ³⁴ Tax Policy Center. May 25 , 202 2 . “Household Income Quintiles.” https:// www.taxpolicycenter.org/statistics/household-income-quintiles
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