47% is now 43%

[rightwinger]

Romney's untaxed '47 percent' of Americans shrinks

The "47 percent" of U.S. households who owe no federal income tax, memorably disparaged last year by former Republican presidential candidate Mitt Romney, has shrunk to 43 percent, said the research group that produced the original estimate.

New data on Thursday from the nonpartisan Tax Policy Center said 43 percent of households will owe no federal income tax in 2013, down from an estimated 47 percent in 2009.

Looking further ahead, the center forecast that by 2024, about a third of households will owe no federal income tax.

 

[Vox]

Still extremely high figure. Should not be more than 15-20% if the economy is healthy and the laws reasonable

 

[TakeAStepBack]

I'll bet this really gets your leg tingling. Thinking about all those people who will be grouped in to pay the Mob their protection money.

 

[DiamondDave]

43%, 33%, anything above the number 0 is TOO HIGH...

 

[TakeAStepBack]

43%, 33%, anything above the number 0 is TOO HIGH...

I'd say anything under 100% is too high.

 

[martybegan]

43%, 33%, anything above the number 0 is TOO HIGH...

Everyone has to have a stake in the game. Even if its 5% of thier salary at the lower levels.

 

[blackhawk]

I guess they got those part time jobs all the stimulus money created.

 

[bripat9643]

Romney's untaxed '47 percent' of Americans shrinks

The "47 percent" of U.S. households who owe no federal income tax, memorably disparaged last year by former Republican presidential candidate Mitt Romney, has shrunk to 43 percent, said the research group that produced the original estimate.

New data on Thursday from the nonpartisan Tax Policy Center said 43 percent of households will owe no federal income tax in 2013, down from an estimated 47 percent in 2009.

Looking further ahead, the center forecast that by 2024, about a third of households will owe no federal income tax.

Bad news for Democrats. How are they going to use class warfare against people who pay income taxes?

 

[Stephanie]

wow, we should all be jumping for JOY...

 

[rightwinger]

Wow.....Conservatives sure are party poopers

They have posted endless threads about the 47% of Americans they call deadbeats and now that the trend is dropping significantly they still bitch

I thought more Americans paying taxes would make you happy?

 

[The Rabbi]

Nearly half this country pays no income tax but has a say in how the money is spent. No representation without taxation!
Make it flat and fair!

 

[The Rabbi]

Wow.....Conservatives sure are party poopers

They have posted endless threads about the 47% of Americans they call deadbeats and now that the trend is dropping significantly they still bitch

I thought more Americans paying taxes would make you happy?

47% to 43% is not dropping significantly.
Dope.

 

[Soggy in NOLA]

Romney's untaxed '47 percent' of Americans shrinks

The "47 percent" of U.S. households who owe no federal income tax, memorably disparaged last year by former Republican presidential candidate Mitt Romney, has shrunk to 43 percent, said the research group that produced the original estimate.

New data on Thursday from the nonpartisan Tax Policy Center said 43 percent of households will owe no federal income tax in 2013, down from an estimated 47 percent in 2009.

Looking further ahead, the center forecast that by 2024, about a third of households will owe no federal income tax.

And for this you cheer? 43% of Americans have no skin in the game and you cheer?

Good Lord.

 

[Edgetho]

What they don't tell you is that people who have no Income -- AT ALL, aren't included in that figure. ONLY people with an Income and NO TAX LIABILITY are included.

Millions are not working now that should be. Millions. The number of working age Americans has increased by 9 Million while the number of jobs has only increased by just over 1 Million.

Do the math

IOW, the number of people with NO Income has increased.

80 Percent Of U.S. Adults Face Near-Poverty, Unemployment: Survey

The Real Unemployment Rate Is Worse Than You Think - Careers Articles

» More Than 101 Million Working Age Americans Do Not Have A Job Alex Jones' Infowars: There's a war on for your mind!

At least under Bush more people, a higher percent of people, had jobs and weren't sucking at the government teat. Welfare recipients and the disabled don't appear on that list of 43% and 47%

Statistics don't lie, but liars use statistics.

This is an example of why I say,

"dimocraps lie, it's what they do"

 

[RKMBrown]

And in other news... the length of term of UI benefits was cut, the thus forcing the unemployed to go back to work and pay taxes.

 

[Samson]

Romney's untaxed '47 percent' of Americans shrinks

The "47 percent" of U.S. households who owe no federal income tax, memorably disparaged last year by former Republican presidential candidate Mitt Romney, has shrunk to 43 percent, said the research group that produced the original estimate.

New data on Thursday from the nonpartisan Tax Policy Center said 43 percent of households will owe no federal income tax in 2013, down from an estimated 47 percent in 2009.

Looking further ahead, the center forecast that by 2024, about a third of households will owe no federal income tax.

Two other interesting points from the MSN article you've sited (which incidentally, are much more germain than the fact that the Partisan slanted HEADLINE regarding Romney, or Republicans).

1. The center's estimate only encompasses the federal income tax. It does not include state and local, Medicare and Social Security, sales, or other taxes.

State and Local taxes are DEDUCTED from Income that is Federally taxed, therefore, the higher these taxes become, the lower your tax bracket, and fewer people end up paying Federal taxes...which brings us to the second point

2. About half of the 43 percent will owe no federal income tax because their [adjusted] incomes are too low. The other half will face no income tax because they qualify for credits, such as the earned income tax credit and the child credit.

Deductions (e.g. for state and local taxes, and mortgage interest) are different than credits. Both the credits sited are generally only given to lower income earners, thus the more lower income earners in the population, the % that owe no Federal income INCREASES. The fact that half of the 4% change (2%) could theoretically be attributed to there being a rise in income.

 

[GHook93]

Romney's untaxed '47 percent' of Americans shrinks

The "47 percent" of U.S. households who owe no federal income tax, memorably disparaged last year by former Republican presidential candidate Mitt Romney, has shrunk to 43 percent, said the research group that produced the original estimate.

New data on Thursday from the nonpartisan Tax Policy Center said 43 percent of households will owe no federal income tax in 2013, down from an estimated 47 percent in 2009.

Looking further ahead, the center forecast that by 2024, about a third of households will owe no federal income tax.

It was an ignorant statement when Romney made it. Many of the people that don't pay INCOME taxes are retires collecting tax-free retirement benefits and social security. Take them out of the equation and that 47% (now 43%) would look more like 22-25% or lower.

 

[GHook93]

Still extremely high figure. Should not be more than 15-20% if the economy is healthy and the laws reasonable

Take out the retirees on SS and tax-free retirement plans and it's around that number! These retirees have paid income taxes their entire life, they should pay it once they are on a fixed income in retirement!

 

[GHook93]

43%, 33%, anything above the number 0 is TOO HIGH...

43%, 33%, anything above the number 0 is TOO HIGH...

I'd say anything under 100% is too high.

You people really think retirees on fixed income that paid their payroll tax for decades should be taxed again on the same income! What kind of conservatives are you?

A large chunk of the so called 43% or 47% are retirees!

 

[Moonglow]

You can thank greedy businesses that have depleted the job force in the US by moving the jobs over seas and hide their profits in offshore accounts.
Which is one reason Mittens was not as popular as he could have been.