Man Behind Romney's 47% Video Comes Forward
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03-23-2013, 06:53 AM
Join Date: Feb 2012
Originally Posted by
well the figure he was citing basically refers to the fact that just under half of Americans aren't paying federal income tax. The problem with this is that people hear this and think that people aren't paying taxes on their income. In reality, the vast majority of working people are paying payroll (social security, medicare, unemployment) taxes and those who aren't are mostly making less than $20,000 for a full time job; i.e., minimum wage. The people who paid payroll taxes but no income tax actually, on average, pay a higher tax rate on their income than Mitt Romney does. So if those people are moochers, then he is too.
Once you filter out the people who aren't paying income tax because they have no income (elderly people, who generally paid income tax before they retired), disabled people, and people who are paying payroll taxes, you're only left with like 6% of Americans. Who, as I mentioned, are hardly in a position to be paying a higher tax rate.
I am fairly anti tax to begin with but this seems hardly fair in my opinion. I never knew that people who make more money may actually pay less percentage wise on their income taxes. In my opinion, everyone should have to pay the same percentage of income tax. I am glad you educated me on this important information as my opinion on Romney has soured even further.
I really dislike the idea of the government taxing individuals who are financially successfully at a higher income tax rate. However, only for those individuals who made it themselves. There is nothing at all special about inheriting wealth or a successful business. I like Marx's idea in the Communist Manifesto about the abolition of inheritance. Obviously I do not 100% support the abolition of all inheritance in all circumstances but I think the idea is a great one. There are extremely rich families out there that live life styles that we cannot even begin to imagine. To make matters worse, it has been going on for generations.
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