How does a 20% cut make the 47% pay income taxes?

Discussion in 'Politics' started by zeke, Oct 14, 2012.

  1. zeke
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    zeke Gold Member

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    Romney proposes a 20% across the board tax cut. Right? And Romney says that 47% of Americans have "no skin in the game" because they don't pay any Federal Income tax.
    SO how does a further 20% cut make the 47% now pay Federal Income tax. My inquiring mind wants to know.
     
  2. Stephanie
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    Stephanie Diamond Member Supporting Member

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    lol, still with this silliness:lol:
     
  3. zeke
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    zeke Gold Member

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    Did you ever try and answer that question yesterday. Or are you still under the impression that Mittens knows best. And the hell with any logical questions of your savior Mitt?

    Come on, give it a shot. How will he make the 47% pay Federal Income tax?

    Will he eliminate the EIC? Then he should say so, don't you think?
     
  4. NYcarbineer
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    NYcarbineer Diamond Member

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    All else being equal it would add to the number of households who pay no taxes.

    A simplified example:

    1. If your taxable income - before you take your credits - was 20,000, and your tax rate was 10%,

    you would owe $2000.

    2. If you then found you had $1600 in tax credits, i.e., child tax credit, EIC, etc.,

    your final tax bill would then be $200.

    3. If your tax rate were cut 20%, however, instead of owing $2000, you would owe $1600.

    THEN when you took your $1600 in tax credits, your tax bill would fall to ZERO.

    * * * *

    The question is, does Romney really think that people paying no taxes is a bad thing, like he said when he thought no one was listening, and if so,

    why does he want to make more of those people?

    I happen to know the answer....
     
  5. zeke
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    zeke Gold Member

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    Good example. But give it up. You can't know the answer and not share. That wouldn't be "right".

    Why are the rethugs not asking this very same question. They are the ones all worked up about those 47%.

    Why do they not want to know what Mitt plans to do to make more people have some "skin in the game".

    Must be becasue so many rethug voters get the Earned Income Credit. And Mittens don't want to lose them. They might figure out that voting Rethug would really be against their own self interest. And that would be bad. For Mittens.
     
  6. RDD_1210
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    RDD_1210 Forms his own opinions

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  7. zeke
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    zeke Gold Member

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    It is a sad state of affairs that rethugs are so gullible. Not even curious from what I can tell.

    Or is it that the rethugs need wedge issues like the 47% to keep their base all riled up?
    Kinda like the abortion issue. The last thing the rethugs really want is abortion made illegal.

    What would they bitch about if not the 47% (of which many vote rethug) and abortion (of which many are performed on women voting rethug).
     
  8. NYcarbineer
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    NYcarbineer Diamond Member

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    The answer is,

    Romney and the Republicans raison d'etre is to cut taxes for the Rich. That is their number one job duty. That is what the Rich are investing in when they 'invest' in Romney's campaign.

    But they can't run a viable political campaign around only cutting taxes for the Rich. They have to run on cutting everyone's taxes, or at least whoever's left paying taxes.

    They hate that, as Romney revealed on hidden camera behind closed doors, but that's the bitter pill they have to swallow, in order to get what they really want.

    The only reason you hear so many conservatives around here openly griping about the poor and low and moderate income Americans paying no income tax is that these conservatives aren't running for office...

    ...they can afford to be honest.
     
  9. Old Rocks
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    Old Rocks Diamond Member

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    Except that they will then cut all the middle class deductions, so that in the end, we are paying more taxes, while the very wealthy pay almost none when compared to their income.

    How anyone but the very wealthy can swallow this line of crap from the GOP is amazing. As Clinton stated. ARITHMETIC!!!!
     
  10. zeke
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    zeke Gold Member

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    Linked to the thread you started. Not a single rethug tried to answer your very logical question.

    Guess we are to figure they really don't care about who pays what. And whether or not Mittens plans INCREASE the number of people getting back all they paid in. And like the one poster said; his kid gets back all his money from filing the EIC. But he hates it. Go figure.

    Or is Mittens wanting to eliminate the EIC? Then he should say so, don't you rethugs think?
     

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