The Obamas live the 1 percent life
Chuck Hays

Clifton Hill, MO

#42 Apr 3, 2013
The Surprising Facts About Mitt Romney's 47% Who Pay No Income Tax
by Bruce Watson, Sep 19th 2012 1:48PM

Who Are the 47%?

According to the nonpartisan Tax Policy Center, 53.6% of Americans pay a portion of their income in federal income taxes, and 46.4% don't. Of those who don't, 61%(28.3% of the population) pay payroll taxes, such as Social Security and Medicare, but have enough deductions and tax credits that their federal income tax liability has shrunk to zero. In other words, 81.9% of the population is gainfully employed and sends some measure of their income to the federal government.

As for the rest, 10.3% of the population -- 22% of non-income tax payers -- are elderly and are likely unemployed, i.e., retired. A further 6.9% are non-elderly but have incomes below $20,000, which in most cases puts them below the poverty line.

For that matter, it's not as if the rest of the 47%-- or, actually, 46%-- are doing especially well. Nearly 90% of the group consists of households making less than $50,000 per year, and 80% make less than $30,000. The remainder is mostly composed of higher-income households that benefit from significant tax credits for children and education.

This isn't to say that everyone who doesn't pay taxes is struggling. About 162,000 people among the top 10% of earners have found ways to avoid paying any federal income tax. This includes approximately 3,000 people in the top 0.1%, a group that makes $2,178,886 per year or more. A large part of their low tax rate, The New York Times' Bruce Bartlett suggested, lies in the fact that many -- like Romney -- derive most of their income from capital gains, which are only taxed at 15%. To further cut their liability, many are able to offset their taxes because of losses that they took in previous years. Alternately, some invest in tax-free municipal bonds or take advantage of a slew of other tax loopholes.

Since: Sep 08

Neon City Oh.

#43 Apr 3, 2013
We have our first non-white first family and wackjobs are now claiming they should buy their clothes at Goodwill.
MittWit lost get over it.

Since: Oct 12

Baltimore, Maryland

#44 Apr 3, 2013
Chuck Hays wrote:
<quoted text>
It is NOT the truth!!! There are not 47% of the people who are dependent on government.
Well, I guess the case could be made that 100% of us are dependent on government in some fashion.
You'll notice that after I posted that the 47% mostly live in Republican states, they got quiet as a mouse.

Since: Oct 12

Baltimore, Maryland

#45 Apr 3, 2013
WDRussell wrote:
We have our first non-white first family and wackjobs are now claiming they should buy their clothes at Goodwill.
MittWit lost get over it.
Well of course. It KILLS them inside. When they see the First Family doing the same things that the Bushes did, it literally makes them sick to their stomachs. They want this President to have to live in squalor. This is just the start. By the time 2016 rolls around, they'll be tore up from the floor up.

Since: Oct 12

Baltimore, Maryland

#46 Apr 3, 2013
I think Stephen King (a very rich man) summed it up best back in May of 2012.

"Mitt Romney has said, in effect,“I’m rich and I don’t apologize for it.” Nobody wants you to, Mitt. What some of us want—those who aren’t blinded by a lot of bullsh** persiflage thrown up to mask the idea that rich folks want to keep their damn money—is for you to acknowledge that you couldn’t have made it in America without America. That you were fortunate enough to be born in a country where upward mobility is possible (a subject upon which Barack Obama can speak with the authority of experience), but where the channels making such upward mobility possible are being increasingly clogged. That it’s not fair to ask the middle class to assume a disproportionate amount of the tax burden. Not fair? It’s un-fu**ing-American is what it is. I don’t want you to apologize for being rich; I want you to acknowledge that in America, we all should have to pay our fair share."
Nutz

Harrodsburg, KY

#47 Apr 3, 2013
WDRussell wrote:
We have our first non-white first family and wackjobs are now claiming they should buy their clothes at Goodwill.
MittWit lost get over it.
Once again, the ignorant Left plays the race card.

Has it ever occurred to you that there are those, like myself, that do not like his tax and spend policies? Has it ever occurred to you that we could see Obamacare was a train wreck by doing a little research?

I could care less where he buys his clothes or vacations.
Nutz

Harrodsburg, KY

#48 Apr 3, 2013
One True Digger wrote:
I think Stephen King (a very rich man) summed it up best back in May of 2012.
I don’t want you to apologize for being rich; I want you to acknowledge that in America, we all should have to pay our fair share."
Please define "fair share". Seems the POTUS can't.

Since: Oct 12

Baltimore, Maryland

#49 Apr 3, 2013
walker wrote:
<quoted text>It's one thing to be living lavishly when everything is fine, but when you have soldiers dying in a needless war, almost double digit un employment, almost 18 trill in debt etc, then I think it might be nice if the president could show some restraint in his play time
Maybe something like this? http://www.huffingtonpost.com/2013/04/03/obam...
walker

Lebanon, KY

#50 Apr 4, 2013
Was really hoping the o' nuts would come to bama's defense and. Instead they want to talk about romney.
smh

Since: Oct 12

Baltimore, Maryland

#51 Apr 4, 2013
walker wrote:
Was really hoping the o' nuts would come to bama's defense and. Instead they want to talk about romney.
smh
There's nothing to defend. It's been summed up. Obama won, again, and someone is pissed off about it. That's the summation.
Nutz

Harrodsburg, KY

#52 Apr 4, 2013
Ah, no answer on what the "fair share" is. Not surprising.
Nutz

Harrodsburg, KY

#53 Apr 5, 2013
Still no answer from the Leftist shills on what a "fair share" is.
walker

Lebanon, KY

#54 Apr 5, 2013
Nutz wrote:
Still no answer from the Leftist shills on what a "fair share" is.
They don't defend, they deflect
walker

Lebanon, KY

#55 Apr 5, 2013
One True Digger wrote:
<quoted text>
Maybe something like this? http://www.huffingtonpost.com/2013/04/03/obam...
so he gave back 20 grand....big whoop, chump change for a millionaire.

Since: Oct 12

Baltimore, Maryland

#56 Apr 5, 2013
walker wrote:
<quoted text>
so he gave back 20 grand....big whoop, chump change for a millionaire.
Bless your heart. I know it's killing you. If Mitt Romney had only picked Marco Rubio....
walker

Lebanon, KY

#57 Apr 5, 2013
One True Digger wrote:
<quoted text>
Bless your heart. I know it's killing you. If Mitt Romney had only picked Marco Rubio....
He was the least of 2 evils bart.
common sense

London, KY

#58 Apr 5, 2013
One True Digger wrote:
<quoted text>
Maybe something like this? http://www.huffingtonpost.com/2013/04/03/obam...
Big deal.. While Governor of MA Romney did not get a salary. He also gave 4 million dollars to charities last year. 19% of his income. The President is a rich man. He can afford to give some back.
common sense

London, KY

#59 Apr 5, 2013
One True Digger wrote:
<quoted text>
You'll notice that after I posted that the 47% mostly live in Republican states, they got quiet as a mouse.
Well Bart some of us have lives and reading your dribble is not something we all want to do all day.

Your buddy says that there is no 47% but you say there is. Who am I to believe....
common sense

London, KY

#60 Apr 5, 2013
One True Digger wrote:
I think Stephen King (a very rich man) summed it up best back in May of 2012.
"Mitt Romney has said, in effect,“I’m rich and I don’t apologize for it.” Nobody wants you to, Mitt. What some of us want—those who aren’t blinded by a lot of bullsh** persiflage thrown up to mask the idea that rich folks want to keep their damn money—is for you to acknowledge that you couldn’t have made it in America without America. That you were fortunate enough to be born in a country where upward mobility is possible (a subject upon which Barack Obama can speak with the authority of experience), but where the channels making such upward mobility possible are being increasingly clogged. That it’s not fair to ask the middle class to assume a disproportionate amount of the tax burden. Not fair? It’s un-fu**ing-American is what it is. I don’t want you to apologize for being rich; I want you to acknowledge that in America, we all should have to pay our fair share."
You are so full of shit. How is the system clogged. Everyone has a chance. Not all people are going to be rich. It takes brains hard work and some luck. If you don't make it rich blaming the government or the rich just makes you look like a pussy.

And the wealthy do pay their fair share. But you have yet to say what you think their fair share is....

Since: Oct 12

Baltimore, Maryland

#61 Apr 5, 2013
Notice how as the conversation proceeds, the anger rises. The bully attempts personal insults while pinning his frustrations on his imagined foe in a never ending, yet futile attempt, to best him.

If only to have been a fly on the wall on the night of November 6th. I'd about bet that the TV image of Karl Rove was shattered by a flying can of Pabst Blue Ribbon when it was announced that the President had won Ohio.

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