The poverty threshold is mainly used for statistical purposes and to help calculate poverty guidelines. The federal poverty level is the annualized income earned by a household below which they ...

For this calculator, we define middle class as two-thirds to two times median income for the county. In counties where two-thirds of median income would fall close to the poverty line, we set the ...

Additionally, because it calculates incomes pre-tax, it leaves out tax credits like the Earned Income Tax Credit. As a result, the official poverty rate misses how major social programs are ...

You can also do the math yourself to calculate your discretionary income. The formula is pretty simple: Household Income (AGI) - 150% Of Federal Poverty Guideline = Discretionary Income If you're ...

Now, the federal poverty line is the same no matter where you live. Rep. Mikie Sherrill introduced a bill to require regional adjustments.