Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

TPM: These are the 47 percent (chart of the day)

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Editorials & Other Articles Donate to DU
 
antigop Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-14-11 09:58 AM
Original message
TPM: These are the 47 percent (chart of the day)
http://tpmdc.talkingpointsmemo.com/2011/10/chart-of-the-day-these-are-the-47-percent.php?ref=fpb

Right now about one-third of the 47 percent are people who are too old to work, full time students, disability beneficiaries, long-term unemployed and other such despicable freeloaders. Because the 47 percent figure comes from using "households that file" as the denominator it includes people who have part time jobs and low paying jobs, Social Security and unemployment beneficiaries. The rest were people whose jobs paid little enough that, on net, they owed no income taxes. These people may have benefited from the stimulus' Making-Work-Pay tax credit, or saw their incomes drop enough during the recession to qualify for the Earned Income Tax Credit, and so on.

In this regard, attacking the 47 percent for gaming the system is an implicit call for taxing Social Security income, taxing disability benefits, further taxing unemployment benefits, and so on.

Moreover, and this is key, the 47 percent is only 47 percent because of the recession. As CBPP wrote in May, the high number "reflects the unique circumstances of 2009, when the recession greatly swelled the number of Americans with low incomes and when temporary tax cuts created by the 2009 Recovery Act -- including the "Making Work Pay" tax credit and an exclusion from tax of the first $2,400 in unemployment benefits -- were in effect. Together, these developments removed millions of Americans from the federal income tax rolls. Both of these temporary tax measures have since expired. In a more typical year, 35 percent to 40 percent of households owe no federal income tax. In 2007, the figure was 37.9 percent."


Chart:
Printer Friendly | Permalink |  | Top
OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-14-11 10:07 AM
Response to Original message
1. When Republicans say "BROADEN THE BASE" when speaking
of TAX REFORM, decoded this means the working poor
will be asked to start paying taxes.

Ryan's Plan which was approved by the Republican Party
and currently the Cain 999 calls for having the Working
Poor pay INCOME TAXES.

Perhaps we should poll the Democrats in the House and
Senate and check out how many of them are for BROADENING
THE BASE OF TAXPAYERS.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Apr 25th 2024, 09:28 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Editorials & Other Articles Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC