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What is wrong with Romney's 47% statement?
LooneyBin
Registered User
User ID: 113718
09-18-2012 08:02 PM

Posts: 2,757



Post: #1
What is wrong with Romney's 47% statement?
Seems like he is telling the truth...

[Image: 6EAA_5058B732.gif]
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Old Whatshisname
Registered User
User ID: 104225
09-18-2012 08:08 PM

Posts: 6,909



Post: #2
RE: What is wrong with Romney's 47% statement?
Good point.

The problem is that even many of the people who think the government is "doing too much" and "should be doing less" don't include their pet projects (whether it's home mortgage tax exemption, social security, "free" public schools, subsidized housing, military spending, etc.) as something the government is "doing too much" about.

Fighting ignorance -- one ignoramus at a time.
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It's Hot Here
Registered User
User ID: 83804
09-18-2012 08:12 PM

Posts: 4,706



Post: #3
RE: What is wrong with Romney's 47% statement?
Jhikpghf

http://blogs.wsj.com/washwire/2012/09/18...-comments/

Entitlements:

According to the Census Bureau, 49% of Americans in the second quarter of 2011 lived in a household where at least one member received a government benefit. (The total population at the time was 305 million).

That’s up from 30% in the 1980s and 44.4% in the third quarter of 2008, a recent growth in part attributable to the bad economy of President Obama’s first term.

The Census Bureau broke the data down like this:

26.4% of U.S. households had someone enrolled in Medicaid (the health-care program for low-income Americans)
16.2% of households had at least one member receiving Social Security.
15.8% lived in a household receiving food stamps
14.9% had a member with Medicare benefits
4.5% of households received assistance with their rent
1.7% had a member receiving unemployment benefits.


Taxes:

Mr. Romney correctly noted that nearly half of Americans pay no federal income tax. Who are all these people? And how did we get here?

Here’s a quick answer. Roughly half of U.S. households that pay no federal income tax are exempted because of basic provisions such as limitations on tax for low-income earners, according to a 2011 study by the nonpartisan Tax Policy Center. The other half benefit from targeted breaks (known to tax geeks as “tax expenditures”), such as assistance for the working poor and for children in moderate-income families. Seniors also benefit from some of these targeted breaks.

To analyze which breaks are most important in moving people off the income-tax rolls, the TPC study arranged these tax expenditures into eight categories:

Elderly tax benefits (the extra standard deduction for the elderly, the exclusion of a portion of Social Security benefits, and the credit for the elderly);
Credits for children and the working poor (the child tax credit, the child and dependent care tax credit, and the Earned Income Tax Credit);
Exclusion of other cash transfers (such as welfare and disability payments);
Tax-exempt interest and some other deductions, such as for retirement savings;
Itemized deductions;
Education credits;
Other credits; and
Reduced rates on capital gains and dividends (zero rate on gains and dividends that would otherwise be taxed at 10% or 15%, 15% rate combined with credits).

It really is.

TANSTAAFL

Ignorance and obscurantism have never produced anything other than flocks of slaves for tyranny...
Emiliano Zapata
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LoP Guest
lop guest
User ID: 84193
09-18-2012 08:12 PM

 



Post: #4
RE: What is wrong with Romney's 47% statement?
When was the last time the government wrote off 10 million worth of debt while you were getting a 200,000 a year paycheck? But hey... That f*cker getting 150.00 in food stamps per month is a lazy son of a b*tch.
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Doodie
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User ID: 120636
09-18-2012 08:15 PM

Posts: 7,641



Post: #5
RE: What is wrong with Romney's 47% statement?
Republicans could pull all their kids out of public schools and pay for private schools.

stop calling the police to solve their problems

and stop enlisting in the military.

I mean if they really wanted to shrink the govt.

But I dont hear anyone campaigning on that.

chuckle
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Eclectric
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User ID: 13383
09-18-2012 08:18 PM

Posts: 8,511



Post: #6
RE: What is wrong with Romney's 47% statement?
Yo_Momma  Wrote:
Republicans could pull all their kids out of public schools and pay for private schools.

stop calling the police to solve their problems

and stop enlisting in the military.

I mean if they really wanted to shrink the govt.

But I dont hear anyone campaigning on that.

chuckle

All Republicans are rich? That is a very interesting broad generalization you got going on there.

By all means, marry. If you get a good wife, you'll become happy; if you get a bad one, you'll become a philosopher.
- Socrates
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LoP Guest
lop guest
User ID: 119225
09-18-2012 08:20 PM

 



Post: #7
RE: What is wrong with Romney's 47% statement?
PresidentFreeStuff  Wrote:
Seems like he is telling the truth...

link to image: http://imgupld.lunaticoutpost.com/graphi...58B732.gif

If you really have to ask.....
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Doodie
shill
User ID: 120636
09-18-2012 08:20 PM

Posts: 7,641



Post: #8
RE: What is wrong with Romney's 47% statement?
Eclectric  Wrote:
Yo_Momma  Wrote:
Republicans could pull all their kids out of public schools and pay for private schools.

stop calling the police to solve their problems

and stop enlisting in the military.

I mean if they really wanted to shrink the govt.

But I dont hear anyone campaigning on that.

chuckle

All Republicans are rich? That is a very interesting broad generalization you got going on there.

they like to pretend they are, while using the same services as the Democrats.

chuckle
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AMPAMPERSAND
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User ID: 121811
09-18-2012 08:21 PM

Posts: 2,871



Post: #9
RE: What is wrong with Romney's 47% statement?
It's a long held Republican talking point that 50% pay no income tax. But it's another half truth, while the bottom 50% get most or all of their income tax returned at the end of the year, most pay 3-4 times what they pay in income tax for social security and Medicaid/ Medicare.etc. but they use this money exactly the same as they use income tax, so really it is an income tax, and it means the bottom 50% are the ones paying the most while corporations pay very little, but cry the loudest.
Historically (before the federal reserve) income could only be earned by these corporations and taxed, earnings (wages) where not taxed federally. And that is how we became/are becoming wards (slaves) of the state.

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Ka$h Killa
lop guest
User ID: 110725
09-18-2012 08:22 PM

 



Post: #10
RE: What is wrong with Romney's 47% statement?
I dont think private businesses should exist. Everything should be done publically (not nessecaryily government) and that way there would be no need for buying and selling and no need for a currency
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LoP Guest
lop guest
User ID: 67754
09-18-2012 08:25 PM

 



Post: #11
RE: What is wrong with Romney's 47% statement?
The problem is he said he is not concerned about them...that includes the people he put out of work to join the growing ranks of the people dependent on the government to supply them with food and housing that they used to be able to afford on their own...
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WhenWillitEnd
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User ID: 120696
09-18-2012 08:25 PM

Posts: 1,028



Post: #12
RE: What is wrong with Romney's 47% statement?
I dislike how only the size of the federal government is argued about...

The federal government should be as small as possible to let the state and local governments decide how many social services to have and how to raise revenue..


DUH
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LoP Guest
lop guest
User ID: 60111
09-18-2012 08:25 PM

 



Post: #13
RE: What is wrong with Romney's 47% statement?
Lack of compassion.
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LoP Guest
lop guest
User ID: 118858
09-18-2012 08:25 PM

 



Post: #14
RE: What is wrong with Romney's 47% statement?
Everyone pays a sales tax when they buy something. Even the bums on the street are paying a tax when they go to buy their booze.
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Bond, James Bond
Licensed to kill
User ID: 007
09-18-2012 08:28 PM

 



Post: #15
shocked1 RE: What is wrong with Romney's 47% statement?
LeftWing Terrorist  Wrote:
I dont think private businesses should exist. Everything should be done publically (not nessecaryily government) and that way there would be no need for buying and selling and no need for a currency

OMG simply astounding that people have not learned from history and still spout this crap.
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