Quote:
Originally Posted by privateer
So Mitt? Who's the 47% *****?
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Language, mate. You can disagree, but watch the language.
Quote:
Originally Posted by privateer
Couple hundred and 20,000 don't equal 47%
so the pensioners make up the bulk of the 47%?
What kind of math or what kind of madness figured this out?
Oh, wait........... Some idiot running for office had one of his flunkies come up with numbers that scare people.
MITT!! Watch the string closely!! See how it sways in the window?
Dumb arse!
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People pay all different kinds of taxes.... But specifically regarding income taxes - you have people who have deductions or credits that are larger than their tax liability. Childcare credit, Earned Income Credit, etc - can add up to a few thousand dollars at least. Now, if a couple make 30k a year and has 3 kids and spends $1500 in child care a year, guess what - they not only don't owe taxes - they get money BACK over and above what they put in. In fact - they could do the W2's so that there is NO deduction for income taxes and they STILL would get a "refund" at the end of the year.
Roughly 42% of taxfilers in 2011 fell into the above type situation - where their deductions and credits were equal to, or higher than - their tax liability. Thus, they (net) paid nothing or got a refund, thus making money off the tax system. This doesn't count the additiona' "freeloaders" that make up a much smaller segment - but are somewhere between 5%-8% as addressed above.
So the 47% is not just some "made up" number. Check the IRS data....
There is no reason to get defensive.