Is $250,000 middle class? Hillary Clinton and Bernie Sanders think so

CNN Money reports that Comrade Clinton and Comrade Sanders don't exactly have the right numbers:

For Hillary Clinton and Bernie Sanders, the middle class extends to those earning up to $250,000 a year. Both have used that figure as the dividing line, raising taxes on those with higher incomes as part of their campaigns to ensure the wealthy pay their fair share.

But a deeper look into Americans' income data shows that threshold would let many well-off Americans off the hook.

Those with incomes of $250,000 a year are in the top tier of the nation's earners. A household income of $206,600 was enough to get into the Top 5% in 2014, according the latest U.S. Census Bureau statistics.

The typical middle class American family, meanwhile, made about $53,700 a year.

While there's no set definition for middle class, the Pew Research Center says it encompasses those making two-thirds to two times median income for one's household size. That means a middle class family of three would earn between $42,000 and $126,000 a year.

The struggles of socialism.