Romney has no use for 47% of Americans

Something the Dog Said wrote: RMoney was recorded at a private fundraisers essentially calling 47% of Americans "moochers". He claimed that 47% of Americans don't pay federal income taxes, expect everything they want to be free from the government, that they consider themselves victims, and he has no responsibly to those people. Here are his remarks:

There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it. That that's an entitlement. And the government should give it to them. And they will vote for this president no matter what…These are people who pay no income tax.
Romney went on: "[M]y job is is not to worry about those people. I'll never convince them they should take personal responsibility and care for their lives."

http://www.motherjones.com/politics/201 ... fundraiser

The truth? While there are some Americans who don't pay federal income taxes due to child credits and other family friendly tax credits supported by Democrats and Republicans alike, they still pay federal taxes in the form of Social Security, Medicare, gas tax and others. They probably pay federal taxes at a higher rate than RMoney did. They do not consider themselves "victims". Half of the 47% percent are elderly and retired. They have paid federal income taxes most of their lives, yet now that they no longer are working, RMoney has no use for them. They do not consider themselves "victims" or expect freebies from the government, only what they have coming to them.

So RMoney has no use for those who are elderly, those who are retired, those who are poor, those who are disabled, those who are able to take advantage of the tax code just as he has done.

What a creep! It would be interesting if he would show whether he has paid federal income taxes the past ten years.

I like how the Dog says the 47% "probably" pay a higher rate than Romney did but doesn't provide any evidence.

The fact is very few of those 47% would of paid a higher rate than Romney. In 2010 Romney paid 13.9% for income tax plus whatever he paid for SS/Medicare and other federal taxes. He estimated he'll pay 15.4% fed income tax for 2011.

I already posted this table which shows historical effective federal tax rates.

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=456

For all federal taxes, in 2007 the lowest 20% of earners paid 4% and the next 20% paid 10.6%. So very few of that 40% would of paid a higher rate than Romney. Even if you go to the next group in the 40-60% range, they are at at 14.3% which is probably still less than Romney (on average). So much for that claim.

That being said, I do favor taxing carried interest (which many of the hedge fund people get as income) at at the same rate as regular income. I could see raising long term capital gains back to where it was under Clinton at 20%. Then again, I'd like to get rid of most deductions and credits to make things simplier, and that could reduce rates without reducing money collected.

Becky wrote: Did I say that?.... Or did you just assume you know what I believe?

Whether you like it or not....there ARE a ton of able bodied folks who prefer their welfare check to a job.
There are a ton of illegals riding on our dime hoping their free ride will continue.....

You might find it easy to "assume" what you think many others here believe but I prefer to think and speak for myself.....thank you.

I'm sorry.. Which part of this did you NOT say?

Becky wrote: I agree with Romney. There is a huge segment of the population that does not want to work.

More people have slipped into poverty under Obama. More people have lost wealth under Obama. Real wages have declined under Obama. And all the Dems have are hit pieces. Actual economics versus manufactured outrages.

pineinthegrass wrote:

Something the Dog Said wrote: RMoney was recorded at a private fundraisers essentially calling 47% of Americans "moochers". He claimed that 47% of Americans don't pay federal income taxes, expect everything they want to be free from the government, that they consider themselves victims, and he has no responsibly to those people. Here are his remarks:

There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it. That that's an entitlement. And the government should give it to them. And they will vote for this president no matter what…These are people who pay no income tax.
Romney went on: "[M]y job is is not to worry about those people. I'll never convince them they should take personal responsibility and care for their lives."

http://www.motherjones.com/politics/201 ... fundraiser

The truth? While there are some Americans who don't pay federal income taxes due to child credits and other family friendly tax credits supported by Democrats and Republicans alike, they still pay federal taxes in the form of Social Security, Medicare, gas tax and others. They probably pay federal taxes at a higher rate than RMoney did. They do not consider themselves "victims". Half of the 47% percent are elderly and retired. They have paid federal income taxes most of their lives, yet now that they no longer are working, RMoney has no use for them. They do not consider themselves "victims" or expect freebies from the government, only what they have coming to them.

So RMoney has no use for those who are elderly, those who are retired, those who are poor, those who are disabled, those who are able to take advantage of the tax code just as he has done.

What a creep! It would be interesting if he would show whether he has paid federal income taxes the past ten years.

I like how the Dog says the 47% "probably" pay a higher rate than Romney did but doesn't provide any evidence.

The fact is very few of those 47% would of paid a higher rate than Romney. In 2010 Romney paid 13.9% for income tax plus whatever he paid for SS/Medicare and other federal taxes. He estimated he'll pay 15.4% fed income tax for 2011.

I already posted this table which shows historical effective federal tax rates.

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=456

For all federal taxes, in 2007 the lowest 20% of earners paid 4% and the next 20% paid 10.6%. So very few of that 40% would of paid a higher rate than Romney. Even if you go to the next group in the 40-60% range, they are at at 14.3% which is probably still less than Romney (on average). So much for that claim.

That being said, I do favor taxing carried interest (which many of the hedge fund people get as income) at at the same rate as regular income. I could see raising long term capital gains back to were it was under Clinton at 20%. Then again, I'd like to get rid of most deductions and credits to make things simplier, and that could reduce rates without reducing money collected.

His SS/Medicare is capped off at around $100,000, so those will be negligible on his tax rate compared to those making less than $100,000. As you know, federal payroll taxes will be over 15% for self employed, so already they have paid a higher rate than RMoney did. And federal gas taxes will have a greater impact on the rates of those making middle or lower income wages, than on the $20 million or so that RMoney claims on his taxes.

FredHayek wrote: More people have slipped into poverty under Obama. More people have lost wealth under Obama. Real wages have declined under Obama. And all the Dems have are hit pieces. Actual economics versus manufactured outrages.

More people were getting laid-off, in a 30-day period, under Bush... Does the figure "750,000/month" ring a bell?

Obama has already created MORE NON-GOVERNMENT jobs, (4.5 MILLION), than the Idiot-Son created in EIGHT YEARS, (3 million)...

Spare me your manufactured talking-points that have been proven to be lies....

FredHayek wrote: More people have slipped into poverty under Obama. More people have lost wealth under Obama. Real wages have declined under Obama. And all the Dems have are hit pieces. Actual economics versus manufactured outrages.

And what does that have to do with the topic at hand? Which by the way is RMoney claiming that 47% of Americans claim to be "victims" and demand freebies from the government?

Just an FYI......a few of you are on ignore.... lol ....for good reason. Makes reading intelligent dignified posts much easier.

Your quotes of slanted hit pieces don't change the facts that the jobs created under Obama suck and real wages continue to drop.

This privileged PoS has never had a financial worry in HIS LIFE... And he presumes to trash 47% of the population of the United States from his "exalted position" as a 1% elitist piece of slime, and suggests that 47% of the population are on "the dole", are "victims", are on government assistance?

This piece of garbage wants to be POTUS...but he doesn't have a reason, other than he wants it?

I feel like puking again...

I can tell you that this video is going to be played OVER AND OVER AND OVER AGAIN... And I hope it shows up in EVERY DNC commercial between now and November...

FredHayek wrote: Your quotes of slanted hit pieces don't change the facts that the jobs created under Obama suck and real wages continue to drop.

Facts are a stubborn thing... You can call them "slanted hit pieces", but the numbers from the Department of Labor don't lie... And Gov. NumbNuts has been shown to be the elitist PoS that he is.