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Rigs11
09-09-2013, 11:04 AM
You know those free loaders that you so despise? They have shrunk in numbersHa!

Now it's the 43 percent: Fewer households paying no federal income tax

That "47 percent" quote that helped sink Mitt Romney's presidential hopes? Better make that 43 percent now.
The share of households who arenít paying any federal income tax has fallen, and a new analysis from the Tax Policy Center predicts that it will continue to shrink in years to come.


Thatís partly because a slew of temporary tax cuts enacted during the Great Recession have started to expire. And itís partly because an improving economy means peopleís incomes should slowly start to increase, adding to their income tax bill.By 2024, the tax policy think tank projects that only about one-third of households wonít be paying any federal income taxes. The improvements might take a while because the economy has been adding new jobs at a painfully slow pace, and many workers aren't yet seeing much bigger paychecks.

Romney made ďthe 47 percentĒ famous during his 2012 Republican presidential campaign, after he was secretly recorded at a closed-door fundraiser saying that 47 percent of the population is dependent on government, believes the government has a responsibility to care for them ďand will vote for this president no matter what.Ē


ďThese are people who pay no income tax. Forty-seven percent of Americans pay no income tax,Ē Romney said in the secretly recorded video, which was obtained first by Mother Jones and later by NBC News.

Romney was widely believed to have been referencing an earlier analysis released by the Tax Policy Center, which estimated that 47 percent of households paid no federal income taxes in 2009.

Roberton Williams, a senior fellow with the Tax Policy Center, notes that households that pay no federal income tax are very likely to still be paying other taxes. Those include payroll taxes for Medicare and Social Security, sales taxes and other state and local taxes.

ďThese people are taxpayers. Thatís an important point to make, I think,Ē Williams said
So who makes up the 43 percent?

Williams analysis found that about 29 percent of all households include people who are working, and subject to payroll taxes, but donít have a federal income tax bill. That could be because of deductions or other tax breaks.

Another approximately 10 percent are elderly, and they likely arenít paying federal income taxes because they donít have much income beyond Social Security.

A smaller portion Ė about 3 percent Ė are making less than $20,000 a year and therefore arenít subject to federal income tax because they are too poor.

That leaves about 1 percent of taxpayers who have other special circumstances, such as they are already paying foreign taxes.

Those who pay no federal income taxes arenít all low wage earners. Thousands of people who have income of more than $200,000 a year have been able to zero out their federal income tax bill, according to data from the Internal Revenue Service.

http://www.today.com/money/now-its-43-percent-fewer-households-paying-no-federal-income-8C11090371

Meck77
09-09-2013, 11:07 AM
The democrat party is probably growing. More and more people are dependent on the government than ever. Sad really.

peacepipe
09-16-2013, 03:19 PM
The democrat party is probably growing. More and more people are dependent on the government than ever. Sad really.

what's sad is your misguided opinion that conservative/liberatarian policies actually work when over the last 30 yrs they have failed.

Arkie
09-16-2013, 05:01 PM
It's those Libertarian policies that put us 17,000,000,000,000 dollars in debt and gave us a record number of people dependent on government assistance. LOL ::)

Rohirrim
09-16-2013, 05:05 PM
It's those Libertarian policies that put us 17,000,000,000,000 dollars in debt and gave us a record number of people dependent on government assistance. LOL ::)

Damn! I didn't know that welfare cost us $17 trillion. Yikes!

We've got to do something about this.

Arkie
09-16-2013, 05:10 PM
Damn! I didn't know that welfare cost us $17 trillion. Yikes!

We've got to do something about this.

List the all libertarian policies of the last 30 years that put us in this mess. Ron Paul was the only libertarian and he couldn't get anything passed.

peacepipe
09-16-2013, 06:22 PM
funny if you read alot about liberatarian policies they all mimic that of the conservative wing of the rethug party. GWB is by no means,by liberatarian standards,a liberatarian but pushed a very conservative"liberatarian" idea in trying privatize SS. at the end of the day there is not an inch of differance between conservatives and liberatarians on domestic issues. from privatizing SS & medicare to the DEREGULATION OF BANKS (a liberatarian ideology) which lead to the 2008 collapse. If liberatarians ruled the day,the U.S. would nothing more than a glorified Syria.
Liberatarians don't believe in a united country but a everyone out for themselves fantasy.

El Minion
09-16-2013, 07:24 PM
funny if you read alot about liberatarian policies they all mimic that of the conservative wing of the rethug party. GWB is by no means,by liberatarian standards,a liberatarian but pushed a very conservative"liberatarian" idea in trying privatize SS. at the end of the day there is not an inch of differance between conservatives and liberatarians on domestic issues. from privatizing SS & medicare to the DEREGULATION OF BANKS (a liberatarian ideology) which lead to the 2008 collapse. If liberatarians ruled the day,the U.S. would nothing more than a glorified Syria.
Liberatarians don't believe in a united country but a everyone out for themselves fantasy.

http://images4.wikia.nocookie.net/__cb20120708103406/wikiality/images/f/f8/Somalia.jpg

nyuk nyuk
09-16-2013, 08:04 PM
http://images4.wikia.nocookie.net/__cb20120708103406/wikiality/images/f/f8/Somalia.jpg

Anarchy shirt?