47% is now 43%

[Edgetho]

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.

Bottom line.....

If you have no Income, if you have no Job, you can not appear on that list one way or the other. Not part of the 43% of people not paying or the 57% who are.

So if you were one of the people in Romney's 47% and you lose your Job, you fall off the list.

MILLIONS of people that SHOULD have jobs.... Don't. Millions. Millions of people who should be on the list of those not paying Income Tax have fallen off because they don't have a Job.

I would much rather a person have a job and pay no Income tax than not have a job and collect Welfare, Food Stamps, Medicaid, live in subsidized housing, get free obama-phones, etc ad nauseam.

dimocraps are too stupid to think of this. They just follow their noses and listen to what the DISGUSTING FILTH in the LSM tells them.

I'm just pointing it out. Not that they're stupid.... Well, okay. Maybe a little bit.

Or a lot

 

[Samson]

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.

The facts do not support this hypothesis:

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.

If anything, the rise in income is indicative of FEWER jobs being "moved overseas."

 

[shintao]

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

well there is no escaping the Party of No, poor capitalism, and the bills.

 

[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.

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.

Well, you're quite an expert:

How many people don't pay income because they moved into their parents' basements because they couldn't find a job?

 

[Edgetho]

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!

You're not real bright, are you?

Socialist Security is deducted Pre Tax

And yeah, we're already aware of the number of retired people on the list of those who don't pay Income Tax.

Think you're cute?

You're not.

 

[Soggy in NOLA]

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.

The facts do not support this hypothesis:

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.

If anything, the rise in income is indicative of FEWER jobs being "moved overseas."

Don't confound him with reality...

 

[shintao]

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.

Bottom line.....

If you have no Income, if you have no Job, you can not appear on that list one way or the other. Not part of the 43% of people not paying or the 57% who are.

So if you were one of the people in Romney's 47% and you lose your Job, you fall off the list.

MILLIONS of people that SHOULD have jobs.... Don't. Millions. Millions of people who should be on the list of those not paying Income Tax have fallen off because they don't have a Job.

I would much rather a person have a job and pay no Income tax than not have a job and collect Welfare, Food Stamps, Medicaid, live in subsidized housing, get free obama-phones, etc ad nauseam.

dimocraps are too stupid to think of this. They just follow their noses and listen to what the DISGUSTING FILTH in the LSM tells them.

I'm just pointing it out. Not that they're stupid.... Well, okay. Maybe a little bit.

Or a lot

I thought it was returds who are to stupid to realize that. They want to keep on doing the same thing that produced millions on social programs. lol!

 

[Soggy in NOLA]

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!

You're not real bright, are you?

Socialist Security is deducted Pre Tax

And yeah, we're already aware of the number of retired people on the list of those who don't pay Income Tax.

Think you're cute?

You're not.

Not to mention, generally speaking, SS income is taxable... so, you pay taxes on the SS that is taken from your check, and you pay taxes on it when you receive it.

Great huh?

 

[Edgetho]

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.

If the Stuttering Clusterfukk is the Return of the Messiah, why hasn't he stopped that practice....?

No.... Wait. Didn't the Stuttering Clusterfukk of a lying dickbreath faggot have Jeffrey Immelt as his "Jobs Czar" at the VERY MOMENT Jeffie baby was moving THOUSANDS of Generous Electric Jobs to China?

Why, yes Virginia. He did.

Here's what you're too stupid to understand.... Big Business likes Big Government, not small government.

dimocrap scum like Big Government, not small government.

If that's too complicated for you than go play in your sand box

Your schtick is old

 

[GHook93]

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!

You're not real bright, are you?

Socialist Security is deducted Pre Tax

And yeah, we're already aware of the number of retired people on the list of those who don't pay Income Tax.

Think you're cute?

You're not.

Exactly fucko! That 43 or 47% that pay no INCOME taxes income current retirees! So including them in the 43 or 47% creates and illusion that the none tax paying base is higher that it really is! That's the point!

 

[shintao]

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!

You're not real bright, are you?

Socialist Security is deducted Pre Tax

And yeah, we're already aware of the number of retired people on the list of those who don't pay Income Tax.

Think you're cute?

You're not.

His point is valid idiot. I didn't see where he entered a beauty contest either, or are you trolling for a date?

 

[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.

The facts do not support this hypothesis:

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.

If anything, the rise in income is indicative of FEWER jobs being "moved overseas."

The trend is now reversing and the future estimates puts many of the companies moving back to the US, but since we a re talking about the past it was very clear that the trend of the past years did influence jobs and availability in the US.

 

[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.

Well, you're quite an expert:

How many people don't pay income because they moved into their parents' basements because they couldn't find a job?

A fresh college student living in their parent's basement who has a low paying job is more likely than not paying income taxes! Even if they make $20K! The reasoning? No deduction. No children, no dependents, no mortgage, no home-owners, no charity etc. More than likely they aren't in the 43 or 47%!

 

[GHook93]

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!

You're not real bright, are you?

Socialist Security is deducted Pre Tax

And yeah, we're already aware of the number of retired people on the list of those who don't pay Income Tax.

Think you're cute?

You're not.

Not to mention, generally speaking, SS income is taxable... so, you pay taxes on the SS that is taken from your check, and you pay taxes on it when you receive it.

Great huh?

Very few people pay taxes on SS!!! It's usu when a retiree has SUBSTANTIAL other income coming in.

Benefits Planner: Income Taxes And Your Social Security Benefits
Some people have to pay federal income taxes on their Social Security benefits. This usually happens only if you have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must be reported on your tax return) in addition to your benefits.

 

[Edgetho]

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!

You're not real bright, are you?

Socialist Security is deducted Pre Tax

And yeah, we're already aware of the number of retired people on the list of those who don't pay Income Tax.

Think you're cute?

You're not.

His point is valid idiot. I didn't see where he entered a beauty contest either, or are you trolling for a date?

His point was valid and I was mistaken. I admit when I'm wrong.

I was self-employed most of my life and SS is partially deductible on self-employed people.

No excuse. I was mistaken.

But I admit when I'm wrong.

oopsie

 

[Samson]

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.

Well, you're quite an expert:

How many people don't pay income because they moved into their parents' basements because they couldn't find a job?

A fresh college student living in their parent's basement who has a low paying job is more likely than not paying income taxes! Even if they make $20K! The reasoning? No deduction. No children, no dependents, no mortgage, no home-owners, no charity etc. More than likely they aren't in the 43 or 47%!

Low Paying Job?


No, these were all moved overseas.

 

[Soggy in NOLA]

You're not real bright, are you?

Socialist Security is deducted Pre Tax

And yeah, we're already aware of the number of retired people on the list of those who don't pay Income Tax.

Think you're cute?

You're not.

Not to mention, generally speaking, SS income is taxable... so, you pay taxes on the SS that is taken from your check, and you pay taxes on it when you receive it.

Great huh?

Very few people pay taxes on SS!!! It's usu when a retiree has SUBSTANTIAL other income coming in.

Benefits Planner: Income Taxes And Your Social Security Benefits
Some people have to pay federal income taxes on their Social Security benefits. This usually happens only if you have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must be reported on your tax return) in addition to your benefits.

Uhm, not really and the point is that it is taxable. Its called double taxation. You pay taxes on it on its way out, and again on its way back. It's a fucking scam.

 

[Samson]

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.

The facts do not support this hypothesis:

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.

If anything, the rise in income is indicative of FEWER jobs being "moved overseas."

The trend is now reversing and the future estimates puts many of the companies moving back to the US, but since we a re talking about the past it was very clear that the trend of the past years did influence jobs and availability in the US.

So the point you're making is that your points are based on data that are no longer valid.


Bravo!

 

[Wyatt earp]

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.

No it wasnt a ignorant statement, it was the simple truth, retires will fight tooth and nail to keep their ponzy scheme SS. and hands off the medicare and even will go as far as voting against their own party.

 

[GHook93]

I enlarged the middle section so people can see it. the elderly are a LARGE segment of that 47% or 43%!!!

Who are the 47%? ? USATODAY.com
The working poor. The earned income tax credit and the child credit can help families making $50,000 or more pay no taxes or get money back. About 60% of those not paying income taxes do contribute to payroll taxes -- which means they must have some source of earned income.

The elderly. An increased standard deduction for those over 65, and an exemption on part of Social Security earnings, means that many older Americans pay no income taxes -- even though most of them paid into the system through decades of paying taxes.

The low-income. A family of four claiming only the standard deduction and personal exemptions pays no federal income tax on its first $27,000 of income.

Interesting nugget from the story. Many in the so called 47% supported Romney!!!

And Romney was wrong to suggest that those 47% support his opponent "no matter what." Gallup's daily tracking poll shows that a third of those with incomes less than $24,000 support Romney, and about half of retirement-age voters do. Add those two groups together, and Obama has a slight lead, 49% to 43%, Gallup pollster Frank Newport says.