Who are Mitt Romney’s freeloading 46 percent?

Who are these 46 percent* of Americans who pay no income taxes (but who do pay a variety of other federal taxes, including payroll taxes that fund Social Security and Medicare)?

The Tax Policy Center, which generated that statistic in the first place, breaks it down for us. They are:

  • Fifty percent of those not paying income tax are “tax units” — someone filing as an individual or a couple filing jointly — that simply make too little money. For example, ” … a couple with two children earning less than $26,400 will pay no federal income tax because their $11,600 standard deduction and four exemptions of $3,700 each reduce their taxable income to zero.” These are often working people — janitors, nursing home aides, Walmart clerks, etc. An income of $26,400 breaks down to one full-time job paying roughly $12.70 an hour.
  • Two-thirds of those who do not pay income taxes do pay Social Security and Medicare taxes. The combined payroll tax on their labor of 15.3 percent exceeds the 13.9 percent effective tax rate paid by Mitt Romney in 2010. Because payroll and income taxes are collected the same way, many Americans may confuse the two and falsely believe that they pay income taxes and thus are not part of Romney’s despised 46 percent.
  • Roughly 22 percent of those not paying income taxes are low-income elderly on fixed incomes. Individuals on Social Security with an income of less than $25,000 and couples with an income of less than $32,000 pay no income tax on that money.
  • Roughly 15 percent pay no income taxes thanks to “credits for children and the working poor (the child tax credit, the child and dependent care tax credit, and the earned income tax credit).” Pushing those people back onto the income-tax rolls would requiring eliminating those tax breaks. A low-income working couple with three young children, for example, would no longer be able to deduct the cost of providing daycare for their children. That in turn would substantially reduce the financial incentive to work.
  • Some 3 percent pay no income tax because their income is derived through Social Security disability, TANF (better known as welfare) or unemployment benefits.
  • An estimated 2.6 percent of the 46 percent escape income taxes through “above-the-line” or ATL deductions, most of which are business-related expenses or items such as alimony; or because their income comes from tax-exempt sources such as interest earned from muni bonds.
  • Another 2.5 percent escape income taxes because they have relatively low incomes but have significant education expenses, such as college tuition. For example, somebody working his or her way through college would fall into this category.
  • TPC offers no data on how many tax units escape paying income tax through bank accounts in Switzerland or the Cayman Islands.

Finally, here are the percentage of tax units in each income level that do not pay federal income taxes, according to TPC data:

  • Zero to $10,000: 99.4 percent
  • $10,000 to $20,000: 80.8 percent
  • $20,000 to $30,000: 60.9 percent
  • $30,000 to $40,000: 41.3 percent
  • $40,000 to $50,000: 30.6 percent
  • $50,000 to $75,000: 14.4 percent
  • $75,000 to $100,000: 5.3 percent
  • $100,000 to $200,000: 2 percent
  • $200,000 to $500,000: 1 percent
  • $500,000 to $1 million: 1.5 percent
  • Above $1 million: 1 percent

Conceivably, Romney and other Republicans who profess to be so upset about this phenomenon could introduce legislation this very day that would ensure that those making more than $50,000 a year, for example, pay at least something in the form of income taxes. But somehow, despite the passion and the anger that they feel about this issue, they aren’t likely to do so.

I wonder why that would be….

*In his now infamous video, Mitt Romney quoted the number at 47 percent, but 46 percent is the accurate figure.

– Jay Bookman

680 comments Add your comment

JOE COOL............

September 18th, 2012
10:29 am

Fred ™

September 18th, 2012
10:30 am

Where the soldiers be?

JOE COOL............

September 18th, 2012
10:31 am

You telling me all them people at the DNC convention didn’t pay no taxes and get Govt handouts? Say it aint so…….

Keep Up the Good Fight!

September 18th, 2012
10:33 am

99.4% make $10,000 or less. According to the conned, if we tax them 100% that will pay off the deficit. :roll:

Granny Godzilla - Union Thugette

September 18th, 2012
10:35 am

Reposted fron downstairs:

Granny Godzilla – Union Thugette

September 18th, 2012
10:33 am
More of the videos have been released….

http://www.motherjones.com/politics/2012/09/romney-secret-video-israeli-palestinian-middle-east-peace

Did I mention he’s toast?

Cosby

September 18th, 2012
10:36 am

cut the crap…Romney was correct, the moocher class votes democratic for the freebee’s…the taxes discussed above is another fine argument to dump the 16th amendment and pass the fair tax…tax the rich, 48% do not pay taxes, tax credits to those who do not pay taxes…all ove big scam by the US Government..and yes Jay you drink the cool aid…time to talk serious and dump the tax code altogehter and take power out of DC…but are you to inlaid with the Dem’s and the moochers to understand that!

Nice Guy

September 18th, 2012
10:36 am

Erwin's cat

September 18th, 2012
10:37 am

I guess there’s nothing happening on the global scene to talk about :roll:

Mary Elizabeth

September 18th, 2012
10:38 am

When the consciousness of a people centers on “tit for tat” instead of simply understanding, those people have been diminished in their thinking and in their souls. And, people who think in those ways are diminished people no matter what the status of wealth is.

I appeal to the American people, and to Southerners, not to elect Mitt Romney as our President. We deserve better.

St Simons - (ab)original Georgian

September 18th, 2012
10:39 am

“TPC offers no data on how many tax units escape paying income tax
through bank accounts in Switzerland or the Cayman Islands.”

its a damn sight bigger than the 3% on TANF & UI

sheepdawg

September 18th, 2012
10:39 am

crosby, chill dude. you and the other walmart republicans of the deep south are not significant in the national picture. you make good fodder for reality shows for the rest of the country to laugh at. realize that and get over it. go fishing or whatever you political scholars do down there

M

September 18th, 2012
10:39 am

Whatever happens this presidential election, I want a moratorium on the phrase “drink the Kool-Aid” and harsh penalties for anyone who repeats it.

M

September 18th, 2012
10:41 am

The easiest way to tell you’ve landed a body blow in this blog is by seeing how fast someone mentions a completely different topic.

Keep Up the Good Fight!

September 18th, 2012
10:41 am

time to talk serious and dump the tax code altogehter and take power out of DC

Ahh the rant to demand to change the tax code….. and then the push to elect Romeny who has every desire to put some lipstick on the pig that he gorged at so often. :roll:

Jay

September 18th, 2012
10:41 am

“Who is truly more despised…the 1% or those who pay no taxes?”

You act as though they are mutually exclusive, Stevie. See sheets above; they are not.

Road Scholar

September 18th, 2012
10:42 am

Jm

September 18th, 2012
10:42 am

As liberals love to point out, a good portion of those that pay NO income tax are wealthy

Which is why we do need tax reform that reduces deductions as Romney would like to do.

Good job Romney.

John Birch

September 18th, 2012
10:43 am

It’s a beautiful world when the gorvernment provides incentives for families who can’t support the children they have to have even more children. How about a piece on how the shallow end of the gene pool is doing most of the reproducing, creating more little Democrats every day?

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 18th, 2012
10:44 am

JAY,

Don’t forget the corporations that pay no taxes…we need ATM for domestic as well as reverse flow foreign corporations….GE is a shining example despite being led by Obama favorite…

We should keep that rate competitive….but paying nothing using tax carry forwards, green writeoff’s and the overall BS tax code is absurd….I guess they will keep supporting both candidates (in fact Obama out collects the GOP and has gotten more Wall Street money than any candidate in 20 years…what incentive does he have to change this???

too little time

September 18th, 2012
10:44 am

And what exactly is the controversy here? Romney is correct: those who do not pay for the federal government either 1) care less about taxes or 2) want INCREASED taxes in order to get more for the government. These people are not going to be persuaded by lower taxes. These people are not going to vote for a politician that would take away their tax free status or benefits extracted from the government. These people are going to vote for the politician who will give them the most, today, and the future be damned!. How is truth controversial?

I am of the opinion that EVERYONE should pay federal income tax. When EVERYONE pays federal income tax, then EVERYONE cares about how his/her money is spent. When one group has no skin in the game, then they simply vote themselves the largess at the expense of those who do pay.

Kamchak ~ Thug from the Steppes

September 18th, 2012
10:45 am

…48% do not pay taxes…

Not this crap again.

All consumers pay taxes. Perhaps you should google federal excise taxes.

Ahem

September 18th, 2012
10:45 am

bman
From the previous thread:
@September 18th, 2012
9:25 am
I can’t quite figure out why they didn’t sit on this video until the week before the election.

Plugs Biden phoned in his answer: “I can answer that in three words. Middle East.”

Road Scholar

September 18th, 2012
10:45 am

Jm : you mean they’ll pay less than nothing????? Now answer this one: Which deductions? Now be specific with links to tapes of what Romney/Ryan have said. Specific!

East Cobb RINO, Inc. (LLC)

September 18th, 2012
10:46 am

Just keep talking Mitt. The more the better for all to see who you really are.

mm

September 18th, 2012
10:46 am

“Conceivably, Romney and other Republicans who profess to be so upset about this phenomenon could introduce legislation this very day that would ensure that those making more than $50,000 a year, for example, pay at least something in the form of income taxes. But somehow, despite the passion and the anger that they feel about this issue, they aren’t likely to do so”

It gets the con troups fired up. Same with abortion.

You don’t think the GOP could actually run on their record or their policies do you?

Whatever

September 18th, 2012
10:46 am

It doesn’t matter who they are or how they got there. We can’t afford to keep spending and spending and spending. Change is going to be very hard but it’s got to come.

Jay, you see anyway around that?

D-Noch

September 18th, 2012
10:47 am

anyone who argues for a national consumption tax on principle and/or calls it a “fair” tax, has never taken a serious macro econ class in their entire life. You understand that consumer spending drives the economy right? yeah? so further reducing the purchasing power of those making under the FPG is a fantastic idea! especially given how many people are under FPG or 150% of FPG which is still impossible to live on. There would literally be people starving in the streets. I guess you must be an atheist cause Jesus would sure have something to say about your selfish, deluded ass

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 18th, 2012
10:47 am

JAY,

Your comment is BS and you are taking my comment and attempting to get to the answer you want…both parties have made victims of voter blocks….I suggest that the hatred of the 1%’ers exceeds and is more mentioned by media than the reverse..

M

September 18th, 2012
10:47 am

Remember, increasing a poor man’s taxes is incentive for him to work harder; increasing a rich man’s taxes is punishment.

F. Sinkwich

September 18th, 2012
10:47 am

This just in:

“The Democrat National Committee (DNC) has notified its campaign event organizers that the DNC has secured exclusive rights from The Pipkins for the use of their 1970 hit song, the chorus of which MUST be played at the beginning and end of all Presidential and Vice Presidential rallies:

Ah, gimme dat, gimme dat, gimme, gimme, gimme dat
Gimme dat ding, gimme dat, gimme, gimme dat
Gimme dat ding, gimme dat, gimme, gimme dat
Gimme, gimme, gimme, dat ding

In addition, new placards are being printed and must be displayed prominently at ALL events:

No To Free Markets
Yes To Free Lunch
Obama / Biden 2012″

Verbal Kint

September 18th, 2012
10:48 am

Romney knows he’s not getting these people’s vote so whatever…

Jm

September 18th, 2012
10:48 am

“Romney and other Republicans who profess to be so upset about this phenomenon could introduce legislation this very day”

I’m sorry. What federal government office is Romney CURRENTLY holding?

I admit, he can do this in February. Until then it is wishful thinking.

Road Scholar

September 18th, 2012
10:49 am

tlt:”I am of the opinion that EVERYONE should pay federal income tax. When EVERYONE pays federal income tax, then EVERYONE cares about how his/her money is spent. When one group has no skin in the game, then they simply vote themselves the largess at the expense of those who do pay.”

I understand your sentiments. Now answer this: You make $20K dollars/year and support your family of four. What money, under present tax law, do you have to pay additional taxes?

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 18th, 2012
10:49 am

BTW,

Has anyone been able to quantify exactly how many jobs Bain offshored? I can’t determine if it is relevant unless I have comparison to the norm…

Peadawg

September 18th, 2012
10:49 am

“I guess there’s nothing happening on the global scene to talk about”

Blogspot.com is ready when you are, punkin.

kayaker 71

September 18th, 2012
10:49 am

And then there’s always Bozo’s jobs czar, that dude that ran GE. Paid no corporate tax on close to 5B in earnings. Moved a WI x-ray manufacturing plant to China and invested 3B and change in infrastructure, hiring over 65 Chinese mechanical engineers to run the facility. And he’s Bozo’s JOBS CZAR. Jeez.

JOE COOL............

September 18th, 2012
10:49 am

Crosby…
“Romney was correct, the moocher class votes democratic for the freebee’s…”
You haven’t seen this then:

http://www.youtube.com/watch?v=E48QqcTOXeY

RAMZAD

September 18th, 2012
10:50 am

Romney pointed to 47% of Americans who paid no taxes, but he refuses to prove that he is paying any. “Do as I say, but not as I do.” You have to tell Americans the same thing a lot of different ways and a lot of times for them to get it. Romney is getting prolific in explaining what kind of slime he is. There is a God!

Brosephus™

September 18th, 2012
10:50 am

All this information has been know for a long time. Putting this information out will help those who seek to better inform themselves. As we will soon find out, those who really need to open their mind will respond with the same ignorance and vitriol that they normally would. I’ll sit back to see if I’m right or wrong about this, but I feel I might not have to wait too long for my answer.

Stonethrower

September 18th, 2012
10:50 am

Hey Cosby, more millionaires’ voted for Obama last go around also. Tell me what is your point?

Gary O paradis

September 18th, 2012
10:52 am

the so called tax payers pay 7.65%. The people who sign the front of the check pay the other 7.65%

Matti

September 18th, 2012
10:52 am

sheepdawg,

What’s up with the “Walmart Republicans” anyway? I know several, and I just don’t get it. They claim they hate for their hard-earned tax money to go to useless things like food stamps and peach care (state-level subsidized health insurance for children), but they just luuuuuuuuuv shopping at Walmart, whose employees comprise the single largest group of peach care recipients in Georgia, and many of whom qualify for food stamps to feed their children, since their 37-hour work week does not pay them enough to put food on the table and pay the light bill in the same month. The Walton family is worth $100 Billion…. in part because they refuse to pay people a living wage, and leave it to the rest of us to prop up their employees. Their low low prices are not worth it to support their locust-plague of a business model, IMO.

MANGLER

September 18th, 2012
10:52 am

If we went to a flat tax rate, the same rate for all, it would be the most fair option. That would eliminate all of this fixation on who pays what.
However, that would swell the rolls of people who would then qualify for the services that the higher earners balk at. So you’re dam ned if you do and your dam ned if you don’t.

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 18th, 2012
10:53 am

MM,

Anymore than President Trillions can run on his record… is how I’d finish that statement..

JOHN BIRCH,

Yes it seems nobody on the left want to admit or address the phenomenon of these programs being enablers as opposed to entitlements……I think we get the waste out and remove these incentives..

Jm

September 18th, 2012
10:53 am

I do wonder how long Jay will have this on recycle mode.

I admit it’s a win for his side. So I guess this will get gobs of play time. But for the already informed, it is getting boring.

America is tired of the democratic class warfare.

East Cobb RINO, Inc. (LLC)

September 18th, 2012
10:54 am

Looking at the data above, it seems the answer would be if everyone made at least 75,000 per year that would greatly reduce the percentage of people that pay no income taxes. Thus the solution is raise the minimum wage to 36.06 per hour.

Mick

September 18th, 2012
10:54 am

jm

The jokes on you mister, it’s not about crappy teachers, its more about crappy parents, crappy cultural influence; the majority of teachers are hard working professionals, yet all you conned wingers do is focus on the few bad apples; pathetic morons the whole lot of you…

Welcome to the Occupation

September 18th, 2012
10:54 am

Frank Sinkwich’s 10:47 shorter: you will NOT change the subject from what I want it to be about you will NOT change the subject .. you will NOT NOT NOT!!!

As Plato said, there is no greater passion in human beings than the passion to cling to our delusions and myths, to our narratives and memes of how we want to believe the world works.

Yeah, this is about moochers alright. But the moochers are the 1% capitalists and the proponents of “free enterprise”.

TaxPayer

September 18th, 2012
10:55 am

I suggest that the hatred of the 1%’ers exceeds and is more mentioned by media than the reverse..

Why do you suppose these one percenters hate others.

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 18th, 2012
10:56 am

Didn’t mean enablers to all and I don’t propose to requiring income tax be paid for that 46%…

Just thought I’d clarify lest I get attacked for suggesting otherwise..

Jm

September 18th, 2012
10:58 am

RCP has finally moved Michigan and Missouri to the Obama column out of toss up

Think I coulda told them that… :)

Jay

September 18th, 2012
10:58 am

“the so called tax payers pay 7.65%. The people who sign the front of the check pay the other 7.65%”

Every economist I’ve seen treats that as a tax on the worker’s labor, not on the employer. You’re relying on a bookkeeping fiction to make your point.

RobK

September 18th, 2012
10:58 am

How many that pay no taxes actually get money back (negative taxes)? Not artful is right. There are many that support Mitt Romney that also pay no income taxes. Once the majority realize they can get away without paying taxes, the country is lost.

St Simons - (ab)original Georgian

September 18th, 2012
10:58 am

“I don’t always care about people – but when I do, its no more than 53%”

Stay arrogant, my friends.

Jm

September 18th, 2012
10:59 am

Actually RCP has Missouri for Romney

That’s dumb I think….

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 18th, 2012
10:59 am

TAXPAYER,

I don’t see shear hatred coming from the righties who have a clue…but I do feel that the 46% have been more victimized by the media to have a need to hate the 1%’ers…BO is certainly doing his part to make same appear to be victims..I guess that’s what we are reduced to….

TaxPayer

September 18th, 2012
10:59 am

It is a shame that Mitt still does not possess the fortitude to address the corporations that pay no federal income taxes each year.

Thulsa Doom

September 18th, 2012
10:59 am

Jay,

Where do you stand on rolling back the W tax cuts? As you have noted his tax cuts and the earned income tax credit went to the middle and lower class as well so it was a broad based tax cut.

Do we roll back W’s cuts and hit the 47% with the same tax burden as pre W as well as rolling back the tax cuts for the wealthy so that everybody takes a haircut? Or do we tax the wealthy only? Cause it seems to me we just aren’t going to get there by taxing the wealthy alone. There just aren’t enough of them.

man behind the curtain

September 18th, 2012
11:00 am

Cosby

September 18th, 2012
10:36 am
cut the crap…Romney was correct, the moocher class votes democratic for the freebee’s…the taxes discussed above is another fine argument to dump the 16th amendment and pass the fair tax…tax the rich, 48% do not pay taxes, tax credits to those who do not pay taxes…all ove big scam by the US Government..and yes Jay you drink the cool aid…time to talk serious and dump the tax code altogehter and take power out of DC…but are you to inlaid with the Dem’s and the moochers to understand that!

Jay may have drunk the coolaide but, brother, you drank the poison.

NoMoreTaxes

September 18th, 2012
11:01 am

Why would Republicans enter legislation making people who don’t pay taxes today pay? Are you crazy?
Romney is not saying that he is upset that this people are not paying taxes, he is saying that his lower tax message does not reach this people. They don’t pay taxes, so why would they care if taxes are reduced? That’s what he is saying.
Let’s start taking entitlements away from those 47% of people who believe to be entitled and start forcing them back into the labor market, so they take responsibility for their lives and stop relying on the government for handouts. “Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.”

kayaker 71

September 18th, 2012
11:01 am

And if any of you 1% wannabees were to win a healthy sum in the lottery, I am sure that you would donate most of it to the federal government. You would go into the projects and raise these people up and give them hope. You would donate your money to the welfare of those less fortunate than yourselves. You would volunteer to pay taxes at a 75% rate so we can provide more “programs”.
It’s penis envy, liberals, nothing more. All of this wealth envy is getting old. So is the hypocrisy.

Bob Loblaw

September 18th, 2012
11:01 am

The 47% include those, I assume, who lost jobs and got remodified mortgages. They may be on Medicare, obese and on power chairs they ordered off TV to roll up to the Tea Party Rallies. They likely include folks that lost health insurance but caught a break in the stimulus on COBRA so they could keep it. Maybe they had pre-existing conditions preventing them from finding a health plan in the free market, so they’re paying for the Obamacare insurance now. I guess that’s who he’s talking about, because there aren’t 47% of American’s that aren’t producing something or the GDP would be down, well, around 50%.

Where’s that da%& Etch-a-Sketch??

RobK

September 18th, 2012
11:01 am

Just saw an article that the majority of Americans will soon be obese. And they will all eventually get free health care courtesy of the Democrats, paid for by the taxpayers.

mm

September 18th, 2012
11:01 am

“Anymore than President Trillions can run on his record… is how I’d finish that statement..”

Stevie ray, yes he can and he is. You clowns are just ignoring it.

I know it’s disheartening for you righties to first have the blundering McCain and now the incompetent Romney as your great white hope.

And if the GOP doesn’t change, there is no way to win the WH in 2016 with the population changing the way it is.

Mick

September 18th, 2012
11:02 am

So, what are all the freebies that the conned are moaning about? Unemployment compensation? It has a time limit. Food stamps? How much does it cost? Social Security? Sorry, paid in. Medicare? Sorry, paid in. Propaganda much? Absolutely…

mm

September 18th, 2012
11:03 am

“they will all eventually get free health care courtesy of the Democrats, paid for by the taxpayers.”

So you are foolishly claiming democrats don’t pay taxes?

I’d be willing to bet the majority of the 47% you cons are berating vote republican.

Jay

September 18th, 2012
11:03 am

Thulsa, personally, I would roll back all of the Bush tax cuts over a period of years, with those at the top end ending first. We would still have to make spending cuts across the board in addition to those steps, but that would at least give us a reasonable revenue base from which to work.

TaxPayer

September 18th, 2012
11:03 am

Stevie Ray,

I disagree with your assessment of who “hates” whom or what. The one percenters that are attracted to Mitt and the Republicans clearly “hate” paying whatever taxes they pay while some of the 99% may hate the fact that the one percenters pay so little for the benefits they receive.

You libs

September 18th, 2012
11:04 am

There is no hatred that I’ve ever seen in my 63 cycles around the sun that exceeds the irrational hatred of Obama by the lowest common denominator.

RobK

September 18th, 2012
11:04 am

Social Security payouts favor the poor. Those with lower incomes get much more out of Social Security than they ever paid in.

TaxPayer

September 18th, 2012
11:05 am

kayaker has penis envy! Who would have ever guessed were it not for his obsession over “Obozo”.

BlahBlahBlah

September 18th, 2012
11:05 am

15.3 vs. 13.9% is a Bookman “half truth”, because that combined tax rate of 15.3% is frequently reduced by the Earned Income Tax Credit and/or refundable child tax credits. Put differently, many people paying no income tax often have a negative tax rate due to these refundable credits. Citing 15.3% doesn’t reflect this.

RobK

September 18th, 2012
11:06 am

We should keep the current tax brackets and eliminate all deductions and exemptions. Everyone’s tax returns should fit on one page.

TaxPayer

September 18th, 2012
11:06 am

Social Security payouts favor those that paid in.

Kamchak ~ Thug from the Steppes

September 18th, 2012
11:07 am

…this people are not paying taxes, he is saying that his lower tax message does not reach this people. They don’t pay taxes, so why would they care if taxes are reduced? That’s what he is saying.

“not paying taxes”, “don’t pay taxes”

The talk-radio stoopid is strong in this one

Jm

September 18th, 2012
11:07 am

Jay 10:58

Interesting point. So taxes a corporation pays on labor are really incurred by the worker.

But Corporate Taxes paid by the company are paid by the company and not incurred by the consumer?

Or if you disagree, then we can agree consumers really pay corporate taxes and would benefit immensely from elimination of the corporate tax.

Doggone/GA

September 18th, 2012
11:07 am

“the same rate for all, it would be the most fair option”

Only in mathematical terms, not in compassionate terms

Citizen of the World

September 18th, 2012
11:08 am

Thanks, Jay. Many of these Republicans are now meeting the enemy, and it is they.

Redneck Convert (R--and proud of it)

September 18th, 2012
11:08 am

Well, seems to me Romney’s just bound and determined to lose this election just to spite me and make #1 Foxy Lady get on here Nov. 7 and tell me to go Suck It!

Don’t he know there’s cameras in the room and some dirty rat with a smart phone recording every thing he says? I mean, I agree with everything he says but he don’t have to come out and say it till the day after the election. I mean, once we’ve won and we got the losers bent over the table, he can come out and tell the Truth, but not now.

And I just hate these people that slam WalMart Republicans. I’m one of them WalMart Republicans. There ain’t nothing strange about us. It’s just that we’d rather die ourselfs than tip off somebody we hate about a danger. Me, I just don’t want the guvmint paying off Those People and the illegals and women with bas-rd kids and the lazy jobless bums. That’s a All-American way of thinking, far as I’m concerned. And if other good Conservatives on here would just admit it, they feel the same way.

Well, my 4th break of the morning is over so I better get back to hauling and lugging. It’s wet out here, in case you didn’t know. And that reminds me of how much I hate people that set indoors dry and warm behind a desk. . .

Regnad Kcin

September 18th, 2012
11:08 am

“I admit it’s a win for his side. So I guess this will get gobs of play time. But for the already informed, it is getting boring.”

For once, I agree with jm – let’s talk about the NEW Romney video!

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 18th, 2012
11:08 am

MM,

I’m no rightie or leftie and feel that anyone who subscribes to either party hook, line and sinker are simply sheep…no party is correct about all positions and it is naive to think so…

Obamas record is crap…what has he done that is really gonna materially change to amount we spend in excess of what we take in, our foreign policy..we are hated more than every, PelosiCare, which he had nothing to do with beyond signing this bill that will only end up costing taxpayers tillions, making good on his promises to cut deficit in half, promise to keep unemployment below 8%, promise to “end the days of lobbyist controling the DC agenda, promise to purse criminal charges against Wall Street fat cats and telecon…

If you remove all these, you got nothing much of a record on the things that matter the most..

BlahBlahBlah

September 18th, 2012
11:09 am

Jm @ 11:07 = win.

Erwin's cat

September 18th, 2012
11:09 am

… the fortitude to address the corporations that pay no federal income taxes each year.

they don’t/wouldn’t pay them anyway…consumers and customers do

M

September 18th, 2012
11:09 am

“Eliminating all deductions” would cause a middle-class riot.

RobK

September 18th, 2012
11:09 am

““the so called tax payers pay 7.65%. The people who sign the front of the check pay the other 7.65%”

Every economist I’ve seen treats that as a tax on the worker’s labor, not on the employer. You’re relying on a bookkeeping fiction to make your point.”

Who cares how economists define things? What’s important is who’s pocket the money comes out of.

Keep Up the Good Fight!

September 18th, 2012
11:09 am

Those Americans who paid payroll taxes, but had no income tax liability, still pay about 15 percent of their income, higher than the 13 percent Romney pays.

TaxPayer

September 18th, 2012
11:10 am

Put differently, many people paying no income tax often have a negative tax rate due to these refundable credits. Citing 15.3% doesn’t reflect this.

And “many” escape income taxes by hiding money off shore. The facts are insufficient to quantify the amount though.

Thulsa Doom

September 18th, 2012
11:10 am

Matti,

The flip side of that Walmart coin is that Walmart provides very inexpensive food and everyday household items at very reasonable and affordable prices to lots of poor and lower income people who otherwise would have a hard time affording those goods. And when I go to Walmart I see a lot of younger people in entry level jobs, some retirees just looking to supplement their incomes, and not that many people in their prime earning years of their 30s to 50s. Like a McDonalds job those jobs are mostly entry level but if you’re in it for the long haul you can still be promoted to department manager after a few years and work your way up just like at any other company. There are people who started off in entry level positions at Walmart, Home Depot, and many other similar companies that are now managers, executives, that are solidly in the middle class, and in some cases millionaires. But its like anything else- ya gotta start at the bottom and pay your dues.

RobK

September 18th, 2012
11:11 am

““Eliminating all deductions” would cause a middle-class riot.”
Not if everyone knew that everyone else was paying their fair share. (And a real fair share, not Obama’s undefined fair share)

jconservative

September 18th, 2012
11:11 am

I know dozens of people who fall into Romney’s 47% who are going to vote for Romney because they detest the idea of a black president. They will, according to Romney, vote against their own economic self interest just to get the black guy out of the White House. Getting the black out of the White House is their top priority.

man behind the curtain

September 18th, 2012
11:12 am

“America is tired of the democratic class warfare.”

Come on, jm, who exactly has used every possible wedge issue, from every possible angle, to divide Americans so that they can stay in power?

RobK

September 18th, 2012
11:12 am

“Put differently, many people paying no income tax often have a negative tax rate due to these refundable credits. Citing 15.3% doesn’t reflect this.

And “many” escape income taxes by hiding money off shore. The facts are insufficient to quantify the amount though.”

Get rid of deductions so that people can’t hide money off-shore.

Thulsa Doom

September 18th, 2012
11:12 am

… the fortitude to address the corporations that pay no federal income taxes each year.

they don’t/wouldn’t pay them anyway…consumers and customers do- EC

Erwin’s cat,

That is a basic economics principle that is going to fall on a lotta deaf ears around here.

Jay

September 18th, 2012
11:13 am

RobK, it comes out of the workers’ pocket. It is a tax on their labor; if the employers’ share wasn’t going to the government, it would go to the worker, as part of their compensation. For example, if an employer wanted to stop paying that money, he’d have to fire the worker. That’s how tightly bound the two are.

That’s also why economists treat it the way that they do, as part of the workers’ compensation.

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 18th, 2012
11:13 am

LEFTIES,

Do you realize that shortly after taking office, Cantor et all approached BO with a proposal to cut the lower two tax brackets, eliminate taxes on unemployment as well as a couple other items favorable to DEMS…they were rejected due to the fact “we won”….BO has cared for one thing only since getting into office..being responsible for nothing and making sure the media supports him…he is all about appearances and has ZERO leadership skills….he even got no respect from DEMS in HC passing and got their ire when he took the lead in the debt ceiling debate directly with GOP without including his own party..at one point Reid told him he left us out so it’s his problem..

RobK

September 18th, 2012
11:14 am

“I know dozens of people who fall into Romney’s 47% who are going to vote for Romney because they detest the idea of a black president. They will, according to Romney, vote against their own economic self interest just to get the black guy out of the White House. Getting the black out of the White House is their top priority.”

Perhaps there are dozens that feel that way, but there are millions who vote against their financial self interest just because it is the right thing to do. They don’t want handouts from the government and they don’t want to pay for handouts to others that don’t really need them.

Jm

September 18th, 2012
11:14 am

Corporate taxes come out of purchasers’ pockets.

M

September 18th, 2012
11:15 am

OK, eliminate the mortgage interest deduction and watch the housing industry collapse upon itself. But remind everyone that now they’re paying their fair share.

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 18th, 2012
11:15 am

JAY,

If corporations didn’t pay, is there any legal reason that requires employers to return that money to employees versus doing what they are evaluted to do which is to maximize shareholder value??

East Cobb RINO, Inc. (LLC)

September 18th, 2012
11:15 am

Jay, I agree with your position that all tax cuts should be rolled back starting with the high earners. I would even go further that all income regardless of source be taxed the same. That specifically includes capital gains.