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Flow · 09-24-2012, 07:13 AM

Breaking down the 47% (46.4% actually) who don?t pay federal taxes:
** 50% - families who make less than $30,000. After the standard deduction and exemptions for children, they owe no taxes
** 44% - tax expenditures that benefit older people.
** 6% - People benefiting from Tax Exempt Interest, Itemized Deductions for those making $30~50,000 annually, a favorable Capital Gains Rate and everything else.
So this group is almost entire composed of the really, really poor and the elderly.

************************************************** ************************

Breaking down the 49% of households that get some type of government benefit:
** 26% - Household with somebody enrolled in Medicaid
** 16% - Household with somebody receiving social security
** 16% - Household with somebody getting food stamps
** 15% - Household with somebody getting Medicare benefits
** 5% - Households that got rental assistance
** 2% - Households that got unemployment benefits

60% of the ?49%? receive Medicare, Medicaid or social security ? almost entirely paid for by payroll deductions outside of federal income tax. Because of my special needs son, I am included in this ?49%? because he is enrolled in Medicare (though he does not get benefits) and also receives social security despite the fact I make a good living and pay a ton in federal income tax, social security and Medicare. It is all based upon my over 17 year old son, who is now a legal adult with no income and who will never be able to earn one. I can assure you, my family is not dependant on the government for survival.

(Note: These government benefit numbers do not total 100% due to an overlap being as some households receive more than one type of aid)

Long story short, don?t buy into the spin. When you hear ?47% don?t pay taxes? (or 49% of all households get some form of government aid) they want to you to think that these people are all on welfare, food stamps and/or getting paid to sit at home, smoking pot. I know there are those people out there who abuse the system but they are nowhere near the majority that is spun.

Ventura/Stern 2016!!!!

09-24-2012, 07:13 AM
Flow Confirmed User Join Date: Aug 2002 Posts: 518	Breaking down the 47% (46.4% actually) who don?t pay federal taxes: 50% - families who make less than $30,000. After the standard deduction and exemptions for children, they owe no taxes 44% - tax expenditures that benefit older people. 6% - People benefiting from Tax Exempt Interest, Itemized Deductions for those making $30~50,000 annually, a favorable Capital Gains Rate and everything else. So this group is almost entire composed of the really, really poor and the elderly. ********************************************** ******************** Breaking down the 49% of households that get some type of government benefit: 26% - Household with somebody enrolled in Medicaid 16% - Household with somebody receiving social security 16% - Household with somebody getting food stamps 15% - Household with somebody getting Medicare benefits 5% - Households that got rental assistance ** 2% - Households that got unemployment benefits 60% of the ?49%? receive Medicare, Medicaid or social security ? almost entirely paid for by payroll deductions outside of federal income tax. Because of my special needs son, I am included in this ?49%? because he is enrolled in Medicare (though he does not get benefits) and also receives social security despite the fact I make a good living and pay a ton in federal income tax, social security and Medicare. It is all based upon my over 17 year old son, who is now a legal adult with no income and who will never be able to earn one. I can assure you, my family is not dependant on the government for survival. (Note: These government benefit numbers do not total 100% due to an overlap being as some households receive more than one type of aid) Long story short, don?t buy into the spin. When you hear ?47% don?t pay taxes? (or 49% of all households get some form of government aid) they want to you to think that these people are all on welfare, food stamps and/or getting paid to sit at home, smoking pot. I know there are those people out there who abuse the system but they are nowhere near the majority that is spun. Ventura/Stern 2016!!!!