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What Mitt Really Said in That Speech : Swingers Discussion 20879810161
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TOPIC: What Mitt Really Said in That Speech
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The truth:

— 53.6 percent of households pay the federal income tax. Presumably Romney is okay with these folks.

— 28.3 percent of households pay no federal income tax, but they do pay the payroll taxes for Social Security and Medicare. That means they don’t need Mitt Romney to convince them to “take personal responsibility and care for their lives.” They already have jobs.

Most of the households in this group don’t pay any federal income tax because they qualify for enough deductions that their income tax liability has shrunk to zero. See this Tax Policy Center report for more, which gives an example of “a couple with two children earning less than $26,400. They get an $11,600 standard deduction and four exemptions of $3,700, and that takes their liability to zero.” Indeed, it’s worth noting that many of these deductions and credits were part of the 2001 and 2003 Bush tax cuts, which Romney wants to extend.

— 10.3 percent of households pay no federal income tax because they’re retired and elderly. Many retirees aren’t taxed on their Social Security benefits, which they earned by paying into the system over many years. If Mitt Romney secretly thinks that these households are all irresponsible freeloaders, he has a weird way of showing it, as he keeps insisting that he doesn’t want to cut Medicare or Social Security benefits for those over the age of 65.

— That leaves 6.9 percent of households which are non-elderly and have incomes less than $20,000 per year and aren’t paying the payroll tax. These poorer households pay neither income taxes nor payroll taxes. Perhaps Romney thinks that they should all pay more in federal taxes. It’s hard to say. But this is also a much smaller fraction of Americans.

Meanwhile, just as a reminder, the vast majority of Americans still pay state and local taxes — in fact, these taxes tend to be more regressive. When you add up all the different types of taxes, most income groups in the United States tend to pay an amount that’s roughly commensurate with their share of the national income. Here’s a relevant report from Citizens for Tax Justice:

East Fishkill NY
 
 
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15 million more Americans on food stamps since OweBama came to office.

Entitlement spending up 5,500% since 1970. It's unsustainable.

Pittsburgh PA
 
 
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I have no idea what anybody is complaining about. It's the truth. Does the truth bother Liberals this much?

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MITT ROMNEY: Well, there are 47% of the people who will vote for the president no matter what. All right? There are 47% who are with him. Who are dependent upon government, who believe that-- that they are victims, who believe that government has a responsibility to care for them, who believe that they're entitled to healthcare, to food, to housing, to you name it. But that's-- it's an entitlement. And the government should give it to them. And they will vote for this president no matter what.

And-- and-- I mean the president starts off with 48%, 49%, 40-- or he-- he starts off with a huge number. These are people who pay no income tax. 47% of Americans pay no income taxes. So our message of low taxes doesn't connect. And he'll be out there talking about tax cuts for the rich. I mean that's what they sell every-- every four years.

And-- and so my job is not to worry about those people. I'll never convince them that they should take personal responsibility and care for for their lives. What I have to do is convince the 5% to 10% in the center that are independents, that are thoughtful, that look at voting one way or the other depending upon in some cases emotion. Whether they like the guy or not. What they-- what it looks like. I mean the-- it's the-- the-- when you ask those people-- we do all these polls. I find it amazing. We poll all these people, see where you stand in the polls. About 45% of the people will vote for the Republican and 48% or 49%-- "

I think that's pretty damn clear.....

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TOPIC: What Mitt Really Said in That Speech