Who are the 47% who pay no federal taxes?

Discussion in 'Politics' started by rightwinger, Sep 18, 2012.

  1. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    The 47 percent: Here's who pays no federal income tax - Economy Watch

    Just who are the 47 percent?

    The Tax Policy Center researchers found that about half of the group is basically exempt from federal income taxes because they are low income and also may have a large family.

    In a blog released not long after its report, the TPC explained that "a couple with two children earning less than $26,400 will pay no federal income tax this year because their $11,600 standard deduction and four exemptions of $3,700 each reduce their taxable income to zero."

    The other half are zeroing out their federal income tax bill with other provisions, such as itemized deductions or the child tax credit. Some are seniors who are living off Social Security.

    To be clear, the people in this group are still paying taxes. They are subject to payroll taxes for things like Medicare and Social Security, federal excise taxes on things like gasoline and state and local taxes including sales taxes on items they purchase.

    Not everyone who pays no federal income tax is in the lower income brackets. A separate report released last spring by the Internal Revenue Service found more than 35,000 people who made more than $200,000 in 2009 also managed to zero out their tax bills. That report noted that it generally takes a number of different credits and deductions for wealthy people to not pay any federal income taxes.
     
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  2. g5000
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    g5000 Diamond Member

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    Romney did not say he was talking about all the people who pay no federal income tax. He said that 47 percent of Americans had an entitlement mentality and would vote for Obama no matter what.

    While there may be some overlap between those two groups, they are separate demographic groups.

    He is saying Obama has a lock on 47 percent of the necessary 51 percent needed to win an election.

    The election is therefore determined by the narrow band of swing voters, and that is who he must focus his efforts on capturing. There is no point wasting his time on the 47 percent who are madly in love with Obama.

    This also implies that Romney believes he has a lock on his own 47 percent of the vote as well. So the battle will be over the remaining 6 percent.




    .
     
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  3. SniperFire
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    SniperFire Senior Member

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    Romney already dismissed the statistical gotcha that Libtards think they have, he stuck to his guns, and now the conversation has morphed into something the Libtards really don't want - a discussion of the government dependent mentality of the typical Obama voter.

    I love it.
     
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  4. beretta304
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    beretta304 BANNED

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    "The video is only horrible to Democratic base voters. Show it to an undecided swing voter, and there’s far too high a chance that he or she will pretty much agree with the sentiment. Which is something that Mitt Romney knows very well, which is why he smilingly encouraged the people who published the clip to publish the whole video."


    Obama for America’s quiet, nervous, base repair efforts. | RedState
     
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  5. SniperFire
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    I have been saying this since the start!

    :clap2::clap2:
     
  6. LadyGunSlinger
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    LadyGunSlinger Conservative Babe Supporting Member

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    Hang on while I go and get a box of tissues...
     
  7. beretta304
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    I hear you. I must have posted it 3 times today. The "opposition" only wants to hear what they have to say along with their spin on it.
     
  8. beretta304
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    The bottom line when all is said and done is that no matter what the reason or situation, the country can not have nearly half it's population being supported by the rest. It's unsustainable. All day long, back and forth, who comprises it, who needs it, who doesn't deserve it, who pays taxes, who doesn't....

    The whole point being missed is as plain as the nose of one's face. It can't continue.
     
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  9. Charles_Main
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    The thing that confuses most people is everyone pays taxes through out the year, money does come out of their Checks, But the 47% either get it all, or even more than they Paid in, Back in a return at the end of the year, after they take all the Credits and Exemptions they qualify for.

    My family Income fluctuates from year to year. Sometimes we go over the threshold and end up paying a good chunk in, But other years our income is lower and with the Kids and what not we end up getting a little more back than we paid in.

    So I guess sometimes I am part of the 47% and other times I am not. :)
     
  10. xsited1
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    Losers.
     

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