CNN reports that Romney is correct. 46.4% pay no income taxes.

I appreciate that the way they try to sell it is slick and confusing. But here's why.

A poor family spends 100% of their income because they have to for basic necessities. So they pay 100% of the tax relative to their income.

A uber rich family maybe spends 25% of their income and sticks the rest in offshore accounts. So they py 25% of the tax relative to their income.

Here's how it looks with the numbers:

Sales tax is 25%.

Poor family makes $20,000 and spends 20,000. They pay $5,000 in taxes, which is 25% of their income.

Uber rich family makes $20,000,000 and spends $5,000,000. They pay $1,250,000 in taxes, which is only 6.25% of their income.

For the uber rich, a straight sales tax is great. It puts far more of the tax burden on the poorer.

 

Here's the reasoning. See if you can understand it.

http://www.politicalforum.com/curre...6-4-pay-no-income-taxes-6.html#post1061730061

 

It's the uber rich versus everyone else.

 

But they do not "ALL" vote democrat. Many working class wage earners, retired people, college students, and military families who are in this category vote republican.

 

Those poor poor victims only get 75k + benefits a year.... awe....

Lets take a look...

 

If you are going to live here then how about helping out. Everyone in the US should pay something to help us keep our country strong. I hear everyday that jobs are available but people won't take them. I know some are really manual labor but something is better than nothing. If you are too good to work you are to good to get any of my money. We have too (46%) saying let the rich pay for it instead of saying what is my share.

 

Or, an able bodied man ,on food stamps, whose children are on welfare with the baby mommy,spends 60% of his stamps on beer,at a store that colludes with such fraud.

Romney os correct. The FACT IS< 47% pay no income taxes, and, in fact, TAKE MONEY FROM THOSE WHO DO.

 

so Canada can invade and finally have a fighting chance?...oh wait.

 

Did you have anything relevant you wanted to add or are you just ranting false statements about nonsense again?

 

And the fact is that a high percentage of those 47% are red state republicans that Romney moronically has done a great job of alienating.
I actually feel bad for those who see themselves as republicans, as this is a pitiful candidate to pin one's hopes on.

 

so youre saying George Romney is a thief

"We&#8217;ve only owned our home for the last four years. He was a refugee from Mexico. He was on relief &#8211; welfare relief &#8211; for the first years of his life. but this great country gave him opportunities."

 

Seems mr. romney is slightly out of touch with his supposed constituency judging from his remarks.
47% of "moochers" includes student, the elderly, the working poor, and combat personnel.
Of these moochers, they pay a far higher pecentage of income to state and local taxes than the 53% who pay fed taxes.

But more importantly, where do these moochers live. In what states and of what political stripe are they?

OOOOPS.

It would seem that Mr. Romney has insulted a very large number of voters in states that McCain carried in 2004. The 47% not paying fed taxesare not "moochers"

The number of people on welfare (not including food stamps) is approx 15,000,000 or 4.1% the population.
the number of people on food stamps is 46,000,000. or 15% of the population.

I do not see where this republican meme about moochers who refuse to take responsibility for their own lives and consider themselves victims comes from.
Or do republicans not recognize the existence of the working poor, the underemployed, the elderly, the infirmed and combat soldier families. Its simply a fallacy.

That is not to say that welfare system doesn't need reforming, particularly because its pretty rich in most states for not working. here's some very interesting data to consider as you evaluate the actual political positions of both candidates.

Welfare statistics /

 

uh oh!! CNN just lost the independants!!!! lol...

 

why, did they claim retirees with no federal income tax bill are lazy mooches??

 

this entire argument by Romney is very statist.....somehow not giving money to big fed means IM owed something??? sounds like he thinks Big Fed is owed something....

 

You're combining/confusing local taxes with federal taxes. The federal income tax is all that is in question here.

 

On the Federal side, in 2010, income taxes were 42% of revenues, social security provided 40% of revenues, corporate tax 9%, and the rest from other sources.

 

Well, first you'd have to show me where that was the case. Most liberals I know are all for increasing federal revenue thru fair and equitable taxation, my experience is that the conservatives want to "drown government in a bathtub." The one thing in Romney's self-destruction speech that I agree with is that Americans should all be earning enough money to pay taxes and I believe most want to. Who wants to be poor?

But considering that he and other conservative venture capitalists like Kissinger, Al Haig and Prescott Bush, Jr. made millions by shipping American jobs to China, I don't really see much sincerity in his statement.

That being said, I really believe that Romney meant that of all tax returns submitted, about 47% did not pay income taxes and that is probably true. Considering that EIC removes a lot of the tax burden from the poor, as well as Obama's "Make Work Pay" aspect of the Stimulus, I can see where a lot of people don't pay any taxes, nor should they.

As for what they do with the money, those tax returns as well as food stamp money DO get spent locally so they DO contribute to the economy. Just ask ANY grocery store manager what their sales receipts would be like if there were no food stamp cards.

 

Nice that you lump all the moochers into the granny category, but in reality it doesn't work that way. There are those with legitimate needs, but far too many who truly are moochers and those are the ones that need to stop receiving the hand outs.

 

The uber rich are actually paying something, you think the poor don't game the system? They pay nothing for that privilege...

 

You're just wrong.

I appreciate you may prefer the conservative fantasy that the 47% are all lazy, able bodied moochers who are just gaming the system.

The facts are facts. The two biggest groups of Romney's 47% are SS beneficiaries and folks, mostly kids, who get medical attention under medicaid. You also have the veteran beneficiaries in their, and a few thousand millionaires who have avoided paying any income tax.

 

Seriously? Does nobody understand where the number comes from?

One important note about these numbers: This measures only those Americans who filed for taxes with no liability. Millions more didn't even file; it's those millions, added to the estimated 52 million here, who combine to make that 47 percent.

http://www.theatlantic.com/politics...-of-americans-who-pay-no-income-taxes/262499/

 

Seriously? You didn't know that seniors getting SS and kids getting medical attention with Medicaid were the two biggest parts of Romney's 47%?

http://money.cnn.com/2012/09/18/news/economy/romney-seniors-benefits/index.html

 

There is an obvious disconnect as to where and what numbers are being used. I've always known that number to be used only for taxable households, who either file or don't. Not adding in children or seniors who do neither, put then again, I'm not expecting any truth from the liberal media, so who cares what numbers are tossed around, they are all BS these days...

 

We have whole generations living on welfare. It has become a way of life. Those folks will NEVER vote Republican. Romney was spot-on.