The Democratic Party is now undeniably the party of the wealthy.
According to Bloomberg, IRS data from 2020 shows that Democrats represent 65 percent of taxpayers with a household income of $500,000.
Meanwhile, the same data establishes that 74 percent of taxpayers in Republican districts have household incomes of less than $100,000.
The Bloomberg report also references Census Bureau data that showed the typical congressional district represented by a Republican was 14 percent richer than the typical Democratic district in 1992. But nearly 30 years later, in 2020, Republican districts were 13 percent poorer than their Democratic counterparts.
A somewhat less scientific analysis from 2020 reinforced that the GOP is the party of working Americans. According to The Cook Political Report, 85 percent of counties with a Whole Foods store voted for Joe Biden over Donald Trump, while only 32 percent of counties with a Cracker Barrel Old Country store did so — a “culture gap” of 53 points.
This demographic shift is part of a long-term trend that began well before the arrival of Trump and his MAGA policies on the political scene.
A 2015 study revealed that families registered as Democrats have higher annual salaries than Republicans.