Tag Archives: 47%

idiot

Quoting from CNN.com –

Millions of poor Americans who don’t pay federal income taxes actually do have jobs. They just earn too little to pay taxes, and in some cases, to escape poverty.

This is very different than the portrayal Mitt Romney offered in videotaped remarks made public this week. The Republican presidential candidate said that 47% of Americans pay no income tax and are dependent on the government. He said he’ll never convince them to take personal responsibility for their lives.

However, nearly two-thirds of the 33 million people living in families below the poverty line have at least one family member working in 2011, according to figures from the Census Bureau.

The number of people working full-time in the lowest income group, those earning less than $20,262 a year, soared 17.3% in 2011. This was by far the largest increase for any income group. The poverty threshold for a family of four was $23,021 last year.

But more than 30% of people who owe no income tax escape the levy because of credit for the working poor and children. Nearly 9 million have income of less than $40,000. The vast majority have their income tax liability erased by the earned income tax credit, which is designed to encourage the poor to hold down jobs.
 

And what is really scary is that so many people believe Romney’s bullshit….

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