Based on my prior knowledge, there might be a relationship between race and income level. However, it is important to note that making assumptions or generalizations based solely on race can lead to stereotypes and biases. It is crucial to consider multiple factors and variables that may influence income level, such as education, occupation, and work experience.

To analyze the relationship between race and income level, we can examine the distribution of race categories within each income group.

Here's the dictionary representing the possible values of the race feature for each target class:

```json
{
	"no": ["Black", "White", "Asian-Pac-Islander", "Other", "Amer-Indian-Eskimo"],
	"yes": ["Black", "White", "Asian-Pac-Islander", "Other", "Amer-Indian-Eskimo"]
}
```

Note: Since the task is to determine whether a person earns more than $50,000 per year or not, we include all the race categories in both the "no" and "yes" lists, assuming there is variation within each race category in their income levels. However, it is important to conduct a more detailed analysis using appropriate statistical techniques to understand the precise relationship between race and income level.