The 47%

[MoreCoffee]

Just a thought for consideration.
The 47% who do not pay federal income taxes might pay other taxes:

1. Payroll tax
2. social security tax
3. state tax

Take those taxes into consideration and the 47% shrinks to around 2%.

There was a time, not so long ago, when cutting taxes was considered a good thing, do you think that the 47% are really dependent on the government, with a sense of entitlement, and somehow unwinnable for the conservative cause?

Consider also that of the 47% who do not pay federal income taxes almost half are pensioners, mainly aged pensioners. Who would they be most likely to vote for, and do they have a sense of entitlement? Is it unjustified?

 

[Tigger45]

I saw this great clip in black and white where Mitt's own mother was so grateful for this country because when Mitt's father was young his family was on government assistance and also for the opportunities this country afforded his father to become the success he was. I guess Mitt's own father is a victm by being a 47%er. Or at least his paternal grandparents would have been by his own definition.

Just a thought for consideration.


The 47% who do not pay federal income taxes might pay other taxes:

1. Payroll tax
2. social security tax
3. state tax

Take those taxes into consideration and the 47% shrinks to around 2%.

There was a time, not so long ago, when cutting taxes was considered a good thing, do you think that the 47% are really dependent on the government, with a sense of entitlement, and somehow unwinnable for the conservative cause?

Consider also that of the 47% who do not pay federal income taxes almost half are pensioners, mainly aged pensioners. Who would they be most likely to vote for, and do they have a sense of entitlement? Is it unjustified?

 

[WarriorAngel]

Just a thought for consideration.
The 47% who do not pay federal income taxes might pay other taxes:

1. Payroll tax
2. social security tax
3. state tax

Take those taxes into consideration and the 47% shrinks to around 2%.

There was a time, not so long ago, when cutting taxes was considered a good thing, do you think that the 47% are really dependent on the government, with a sense of entitlement, and somehow unwinnable for the conservative cause?

Consider also that of the 47% who do not pay federal income taxes almost half are pensioners, mainly aged pensioners. Who would they be most likely to vote for, and do they have a sense of entitlement? Is it unjustified?

Actually poverty is now - since 2009 - at 14% and no doubt if i recheck the facts in more recent history it is likely much higher.

So it kind of stretches back up to at least 14% and not 2%.
14 in 100 are destitute in America now. If we continue on the way we are - it will be much higher.

 

[FriendlyJosh]

I don't think i've ever seen a presidential candidate do so many things wrong during a campaign heh. Obama is probably laughing because Romney has made re-election so easy for him

 

[WarriorAngel]

Obama's own actions are no better.
Not only because he says really stupid stuff - but he messed us up.

I think ppl - come election day - will wake up with the grim knowledge - [with several more in Ohio for instance who work in the coal industry] - that there are no jobs to be had.

In the end - ppl wont be able to ignore our depleted job sources.

 

[FriendlyJosh]

Obama's own actions are no better.
Not only because he says really stupid stuff - but he messed us up.

I think ppl - come election day - will wake up with the grim knowledge - [with several more in Ohio for instance who work in the coal industry] - that there are no jobs to be had.

In the end - ppl wont be able to ignore our depleted job sources.

I think Obama is one of the most gifted speech givers that's ever held the presidency, at least in my life time.(granted I haven't watched *that* many presidents give speeches)

Romney on the other hand seems to always be putting his foot in his mouth, by saying things so off beat that sometimes even republicans won't back it. He's essentially telling a massive part of the population to not vote for him, even worse he's telling an even bigger part of the population that he's going to tax them and give tax breaks to the rich, Lol...and of course it doesn't end there, he wants to repeal and ruin various things that actually benefit the middle and lower classes. I guess he's going for a mind warp, reverse psychology tactic. Telling people how bad he's going to be and to not vote for them so that they'll vote for him anyway.

 

[WarriorAngel]

I think Obama is one of the most gifted speech givers that's ever held the presidency, at least in my life time.(granted I haven't watched *that* many presidents give speeches)

Romney on the other hand seems to always be putting his foot in his mouth, by saying things so off beat that sometimes even republicans won't back it. He's essentially telling a massive part of the population to not vote for him, even worse he's telling an even bigger part of the population that he's going to tax them and give tax breaks to the rich, Lol...and of course it doesn't end there, he wants to repeal and ruin various things that actually benefit the middle and lower classes. I guess he's going for a mind warp, reverse psychology tactic. Telling people how bad he's going to be and to not vote for them so that they'll vote for him anyway.

If you think he is gifted - uh uh uh uh - uh - you havent heard too many at all. Uh uh uh - where did my teleprompter go uh.?

You are so young.
You have no clue how things used to be - before the more [i'm really rich - and will ruin your life when i go after your employer] liberals have ripped apart our system.

Maybe - when the right person gets in - you will actually see what governing a country is.

 

[Fantine]

This table is for married people filing jointly:

If taxable income is over-- But not over-- The tax is:
$0 $17,000 10% $0

So let's take a struggling family or couple earning $15,000 after taking the standard deduction and exemptions.

If they are paying 10% on their taxable income---plus 7.65% Social Security and Medicare tax--they are paying a 17.65% tax rate....

To put it another way, their tax rate is 3.45% higher than Mitt Romney's was in 2011.

As I said yesterday, that couple not only has skin in the game but muscle and sinew as well.

Romney knows so little about what he earns, and needs so little of the pittance that he pays that he isn't even sure what his income is. His accountants file returns, he signs them (or maybe they have power of attorney for all I know.)

 

[Fantine]

Maybe - when the right person gets in - you will actually see what governing a country is.

Since we have lived through a few takeovers and acquisitions, we are all too aware of what "governing" is to sociopathic CEO's with no values.

It's a miracle we survived as long as we have where we are, especially since my hubby will retire next year.

But at some point (around 50) he decided it was better to stay at the management level he was at instead of striving to be where he had been.

"I just try to stay under the radar," he said....

And, luckily, staying under the radar worked.

 

[tadoflamb]

This table is for married people filing jointly:

If taxable income is over-- But not over-- The tax is:
$0 $17,000 10% $0

So let's take a struggling family or couple earning $15,000 after taking the standard deduction and exemptions.

If they are paying 10% on their taxable income---plus 7.65% Social Security and Medicare tax--they are paying a 17.65% tax rate....

To put it another way, their tax rate is 3.45% higher than Mitt Romney's was in 2011.

As I said yesterday, that couple not only has skin in the game but muscle and sinew as well.

Romney knows so little about what he earns, and needs so little of the pittance that he pays that he isn't even sure what his income is. His accountants file returns, he signs them (or maybe they have power of attorney for all I know.)

Don't forget, only the first $108,600 of anyone's income is subject to the social security tax.

 

[Michie]

Since we have lived through a few takeovers and acquisitions, we are all too aware of what "governing" is to sociopathic CEO's with no values.

It's a miracle we survived as long as we have where we are, especially since my hubby will retire next year.

But at some point (around 50) he decided it was better to stay at the management level he was at instead of striving to be where he had been.

"I just try to stay under the radar," he said....

And, luckily, staying under the radar worked.

Are you one of Thom Hartmann's call-ins??

 

[MoreCoffee]

Actually poverty is now - since 2009 - at 14% and no doubt if i recheck the facts in more recent history it is likely much higher.

So it kind of stretches back up to at least 14% and not 2%.
14 in 100 are destitute in America now. If we continue on the way we are - it will be much higher.

my figures were based on something over 20% of the taxable population (excluding children) being on pensions of various kinds, most of whom are aged pensioners. And many of the working poor pay some or all of the taxes I mentioned. So 14% on or below the poverty line does not mean that they do not pay state tax or payroll tax or social security tax. All in all, the 2% figure is fairly accurate.

 

[Fantine]

Are you one of Thom Hartmann's call-ins??

As if we were the only ones. I could write you a list of at least 50 names with similar stories before I even blinked.

But I do find Hartmann interesting. I find his theory on people with ADD being hunter-gatherers and those without being farmers compelling.

I think it's important for people with ADD to realize that they have traits that are very much needed in the world--imagination, creativity, independence, intellligence.

 

[Michie]

As if we were the only ones. I could write you a list of at least 50 names with similar stories before I even blinked.

But I do find Hartmann interesting. I find his theory on people with ADD being hunter-gatherers and those without being farmers compelling.

I think it's important for people with ADD to realize that they have traits that are very much needed in the world--imagination, creativity, independence, intellligence.

I like Harmann too. The reason I asked is there was an older woman that called in yesterday fumbling with reading the definition of sociopath. I was wondering if it was you since you dropped the term.

Hartmann said that he could not simply put Romney in that box as all he was trying to determine was what the man actually stood for & his plan of action.

 

[S.ilvio]

I don't think i've ever seen a presidential candidate do so many things wrong during a campaign heh. Obama is probably laughing because Romney has made re-election so easy for him

I hear Jim Carrey is suing the Romney Ryan ticket for breach of copyright...

Here's our two heros at their latest campaign fund raising dinner...


Dumb & Dumber Charity Ball Entrance - YouTube

 

[S.ilvio]

If you think he is gifted - uh uh uh uh - uh - you havent heard too many at all. Uh uh uh - where did my teleprompter go uh.?

You are so young.
You have no clue how things used to be - before the more [i'm really rich - and will ruin your life when i go after your employer] liberals have ripped apart our system.

Maybe - when the right person gets in - you will actually see what governing a country is.

Patronising post of the week...

 

[AMDG]

Just a thought for consideration.

The 47% who do not pay federal income taxes might pay other taxes:

1. Payroll tax
2. social security tax
3. state tax

Take those taxes into consideration and the 47% shrinks to around 2%.

No it doesn't. Payroll tax is federal income tax. People have to file IRS to get it *back* in the form of Refunds. (If you ever got a refund from the IRS, didn't you wonder where the IRS got that money to refund to you?) Social Security tax is different. (Same with state income tax, for the states that have it--some don't--and are able to have it subtracted from a person's salary.) Think there's money taken out for disability and unemployment insurance, but they are different from Federal income tax.

Went through this 47% of people who don't pay *federal* income tax about a year ago. (I think there was some radio d-jay that mentioned this government statistic when the Occupy Wallstreet crowd were claiming that they are part of the 99%. When it was discovered that most of them didn't pay *federal* income tax, he had people call in if they were part of the government statistic--the 53% who actually paid *federal* income tax.)

 

[Fantine]

Jim Carrey remembers what it was like to be one of the 47%. I have often found that comedians have often drunk from deep wells of sorrow in their lives, and Carrey is no exception:

Jim Carrey was born on Jan. 17, 1962, in Newmarket, Ontario. He was the youngest of four children to mother, Kathleen, and father, Percy; both performers themselves. Prior to starting a family, Percy was a saxophonist with a Toronto big band and his mother had been a singer, but when the couple settled down, Percy sought financial stability by landing a job as an accountant with a large company. From a young age, it was apparent that Carrey took after his father, then the notorious comedian of the family. Around the age of seven, while trying to cheer up his sick, bedridden mother, Carrey discovered the power of pratfalls and his wacky impersonations of animals. But as an early teen, Carrey's father was unexpectedly downsized and the class clown was forced to grow up quickly when the Carrey family accepted an offer to live onsite at a factory, in exchange for the labor of the entire family. Carrey attended high school during the day and worked eight-hour cleaning shifts every night until he could no longer keep up his grades or his energy, leading to the unfortunate choice of dropping out of high school. After a year, the family had had enough of the miserable situation and headed to the home of eldest sister Pat, where they lived in a tent on her front lawn and their VW bus in the driveway.

Jim Carrey Booking Agent - Jim Carrey Booking Info, Prices for Concerts, Private Parties & Corporate Events Worldwide

Yes, even Canada has people that Mitt Romney would consider slackers with entitlement mentalities. Carrey's parents felt entitled to park their camper in their daughter's yard.

 

[Needing_Grace]

As if we were the only ones. I could write you a list of at least 50 names with similar stories before I even blinked.

But I do find Hartmann interesting. I find his theory on people with ADD being hunter-gatherers and those without being farmers compelling.

I think it's important for people with ADD to realize that they have traits that are very much needed in the world--imagination, creativity, independence, intellligence.

Love Thomm Hartman. Unfortunaley, he's now scheduled for the same time Randi Rhodes is on (and I like Randi).

Sent from my iPhone using CF

 

[AMDG]

For the one who noted that Romney paid (after taking the legal deductions that reduced his tax liability to 14%, I'll have to agree, he shouldn't have put it that way. A better way to have put it was "my tax bracket was 33.3% and dividend bracket was 48.5%, but after taking that 10% that is given outright to all who file tax returns, and the various legal deductions (as are offered to all who file tax returns, it was determined by the government that I wasn't eligible to get my money back but had to pay an additional 14%--that was about 3 million dollars and on top of that I gave 16% to charity on top of my tithes.

Yep, that would be more accurate.

BTW, if you really want to see Romney's fianacial disclosures (and Ryans too) go to his website. I was surprised to see some all the way back to 1999. (Surprised because the IRS can only go back 7 years, and usually it's just 3.)