Mitt Romney’s latest campaign setback”
Sort of like his Libya “gaffe”
I’d like to “slag” the 47% too. How does one go about “slagging” somebody?
I may get blasted (nothing new :-)), but I know we are the party of lowered taxes, but we are not the party of no taxes. I think everyone should pay SOMETHING even if 5 bucks. It is sickening to me that 47 percent of the population are muchers.
This article is wrong. We live on Social Security and our SS is taxed as income.........thanks to Bill Clinton. Every April we write a check to the IRS.
Earned Income Tax Credit for instance. Not a bad refund considering what they "didn't" pay.
But they pay payroll taxes, they pay payroll taxes scream the media. Well don’t payroll taxes go to individual benefits like social security and medicare? They certainly don’t pay for the defense or general welfare of the nation.
Setback?
It makes me even MORE enthusiastic to vote for him.
I was not sure he was aware of these things, but I am glad to know he is.
So let me see if I have it straight MSM- Obama is the CAUSE of 47% of the people needing to be dependant on the government, but Romney makes a ‘gaffe’ by MENTIONING IT...???
Ok...
This is a case of watching the pea. Payroll taxes are essentially a forced saving program - everyone gets a % of their payments back, in some case the % is more than 100%. So the bottom line is that there remains a large % of folks who do not contribute via income taxes.
That said, I would have cautioned Romney from using this approach. Just ask Maggie Thatcher. Her poll tax, which is the natural implication of this line of argument, was an easy way to rally the disgruntled and demoralize the rest. Romney should avoid handing sticks to his opponents unless he is willing to follow through and go toe to toe with them. I certainly hope he has an answer when Barry throws this back at him in the debates.
Everybody pays for regulations, costs of compliance, etc.
Those on food stamps would get more stuff if prices weren’t inflated by subsidies, tort lawsuits, environmental policies, etc.
Reading the comments after the article, some clown wanted to know from one of the other respondents if he would be happy if they (the gov) were to tax SS (benefits I assume). Uh, they (SS admin) hold out taxes on every check I get. I did this so I wouldn’t need/be required to file every quarter. I don’t want to file every year and surely don’t want to deal with these clowns every three months.
Helping keep mankind warm for 65 years.
Are people who pay payroll tax but not income tax going to think Romney was talking about them? Maybe not. And if not why would Romney’s statement bother them? This is just another distraction attempt by the LSM (imo).
NOt all are slackers..
Total tax revenues collected by the IRS in 2011: $2,332,754 million and falling...
We are at that point where entitlement spending is about equal to total tax revenues - the problem is, that tax revenues are falling, while entitlement spending is rising.
There is no way to pay down the debt or pay for any other programs without debasing the currency now.
I think this article has useful info,
Except once again SS and Medicare taxes are called ‘payroll taxes’ as if those funds government operations like military, roads, education, etc. food stamps, sect 8, endless. They dont even cover those entitlements anymore as both are running huge deficits.
Yet they never come out and specifically say that those entitlements are unrelated to those taxes, or should be since thats what they imply.
What did Romney do?He told THE TRUTH!!!!!!!!!!!!!!!!!!!!
Hindsight being 20-20 I can identify exactly 3 mistakes that The Gipper made during his time in office.
1) Appointing Sandy Day “Affirmative Action should be fine for...oh, let’s say, another 26 1/2 years” O’Connor to SCOTUS
2) Pulling the Marines out of Lebanon and turning tail after the truck bomb.
3) Taking “low income” people “off the tax rolls”.
There were plenty of people at the time counseling him against #3.
And how many of those paid the “payroll tax” got it back (and more!) as “Earned Income Tax Credit,” eh?
The press is howling because they know Romney is right. There’s no other way to slice that pie. The bottom half of the population pay little or nothing in income taxes. That’s the reality. The liberal media is always hollering about wanting the “rich” to pay more income taxes. The top 50% already pay almost 100%. The top 1% pay close to 40% of all income taxes, the top 5% pay about 60%, and the top 10% pay about 70%. It would be hysterical if it weren’t so tragic.
Those that pay payroll but no income also get a check that they never paid in the form of EITC, which can be a few thousand, which offsets any payroll tax they paid.
“Earned Income Tax Credit” was a vote buyoff of the poor created in 1975. Today, the credit can be $3,094 for the first child. $3,094 offsets a lot of payroll tax.