I Am the 47%

Ah, it’s good to be back. Diving into the blogging world at this point in an election year is probably just flat nuts, but I’ve had so many days recently when I wished for the release of simply writing down what’s swirling in my head. Now I can.

Good to know, for instance, that I’m one of the 47%, just a worthless freeloader who refuses to take personal responsibility or care for my life. Romney, verbatim:

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.

…my job is is not to worry about those people. I’ll never convince them they should take personal responsibility and care for their lives.”

A friend and I were joking on Facebook last night that we’d freeload together, once we got off work.

Now really, who are those 47%? The Tax Policy Center breaks it down (via Ezra Klein in the Washington Post):

Currently, just over electronic cigarette drops 46% don’t pay federal income taxes. Around 60% of those are working and paying other taxes, but their exemptions, deductions and credits abrogate their tax liability; almost all the rest either are elderly or have annual incomes under $20,000. These moochers include disabled veterans and college students working their way through school. If only the latter could just borrow tuition money from their parents

But I digress. What’s really curious is that <1% marked “Others”.

…a tiny sliver of this 47 percent includes the 1 percent — the country’s top earners.

According to the non-partisan Tax Policy Center, some 3,000 of the 76 million taxpayers that were expected to pay no federal income taxes in 2011 were members of Romney’s cohort, making nearly $2.2 million per year, which puts them in the top 0.1 percent income bracket.

Another 24,000 taxpayers expected to pay no income taxes last year were in the top 1 percent income bracket, according to the TPC, making between $532,613 and $2.2 million per year.

I’m one of the 47% who will vote for the President “no matter what”. Mitt Romney says he’s never in the last ten years paid less than 13% in federal income taxes, although he refuses to release the returns to prove it. I wonder if any of the attendees at the $50,000 a plate dinner are part of the “tiny sliver”. What do you think?

3 Responses to “I Am the 47%”

  1. Laura K says:

    Any minute now, Someone will start griping about Tipped Employees not paying taxes.

  2. Kathy says:

    Do you suppose any of the people at the $50K a plate dinner thought to tip the servers? And seriously, $50K for a dinner? Why don’t they use that money to, I don’t know, maybe create a JOB?

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