Nick Hanauer - Job Creator Myth

[NC_Skins]

Originally Posted by firstdown

As far as the middle class now the poor that's just plan old stupid. I'm middle class and I'm far from being poor. A simple search you will find thounsands of articles talking about the 47% that pay no taxes. So I here is a clip from CNN which is no right wing news outlet.

NEW YORK (CNNMoney.com) -- Most people think they pay too much to Uncle Sam, but for some people it simply is not true.
In 2009, roughly 47% of households, or 71 million, will not owe any federal income tax, according to estimates by the nonpartisan Tax Policy Center.
Some in that group will even get additional money from the government because they qualify for refundable tax breaks.
The ranks of those whose major federal tax burdens net out at zero -- or less -- is on the rise. The center's original 2009 estimate was 38%. That was before enactment in February of the $787 billion economic recovery package, which included a host of new or expanded tax breaks.

47% of households owe no tax - and their ranks are growing - Sep. 30, 2009

1) That article was 3 years ago.
2) They are referring to households. (aka..married couples and families)

47% of the households making less than 50K have 0 liability. That's a far different claim than saying 50% of the American people aren't paying federal taxes.


Just curious, but how do you suggest a family of four or five to live off below 50K per year?

Food, rent, car, insurance, clothes, school supplies, college tuition, retirement, gas,...and so on and so on.

[firstdown]

Originally Posted by NC_Skins

1) That article was 3 years ago.
2) They are referring to households. (aka..married couples and families)

47% of the households making less than 50K have 0 liability. That's a far different claim than saying 50% of the American people aren't paying federal taxes.


Just curious, but how do you suggest a family of four or five to live off below 50K per year?

Food, rent, car, insurance, clothes, school supplies, college tuition, retirement, gas,...and so on and so on.

Sorry the number is still the same in 2011.

TPC Tax Topics | Who Doesn't Pay Federal Taxes?


As far as living off 50K per year that would not be very hard in our area. In the 80's when I was a single father trying to get my career started I made maybe $13,000 per year and made ends meet.

[NC_Skins]

Originally Posted by firstdown

Sorry the number is still the same in 2011.

TPC Tax Topics | Who Doesn't Pay Federal Taxes?


As far as living off 50K per year that would not be very hard in our area. In the 80's when I was a single father trying to get my career started I made maybe $13,000 per year and made ends meet.

Again, Households. HOUSEHOLDS. FAMILIES. What you said and what you are showing are two different things. The notion that a family of four or five living off of LESS than 50k a year after the stuff I mentioned isn't believable. Maybe if you live in a run down rat hole, and roll through it without insurance.


Also, calling shens on you supporting a family off of 13K, even during the 80s.

[firstdown]

Originally Posted by NC_Skins

Again, Households. HOUSEHOLDS. FAMILIES. What you said and what you are showing are two different things. The notion that a family of four or five living off of LESS than 50k a year after the stuff I mentioned isn't believable. Maybe if you live in a run down rat hole, and roll through it without insurance.


Also, calling shens on you supporting a family off of 13K, even during the 80s.

You can say what you want but I did have to raise a child for a few years making 13k. In life you have to do what you have to do to make things work.

I have seen it worded both ways and I'm not 100% sure which is the correct number.

Who Pays Taxes? Not As Many As You Think : NPR

Taxes are commonly referred to as one of life's certainties. You know what the other one is. And tomorrow is when Americans pay their federal income taxes. For many of us, the biggest single tax bill we see is at the bottom of an IRS 1040 form. For many of us, but not for all of us.
For many Americans, the Social Security and Medicare taxes take a bigger chunk of their income than the income tax does. And for quite a few Americans, that's a low threshold to clear since they don't pay any federal income tax at all.
Roberton Williams is a senior fellow at the Tax Policy Center, used to work on tax analysis at the Congressional Budget Office. And Mr. Williams' finding has gone viral. Let me ask you, now, how many Americans don't pay any federal income tax? And generally speaking, who are those people?
Mr. ROBERTON WILLIAMS (Senior Fellow, Tax Policy Center): By our estimate, about 47 percent of Americans will not pay any federal income tax for 2009. The people involved in that tend to be families with children, the elderly, low income households, those who either have too little income to pay taxes or who benefit enough from all the deductions, credits and exemptions in the income tax, so they're zeroed out on the bottom line of their 1040.
SIEGEL: And that number, 47 percent, is up from just a couple of years ago. What's the trend? By how much is it up and why?
Mr. WILLIAMS: Well, in 2007, just 38 percent of Americans didn't pay tax. It jumped to 49 percent for 2008, and 47 percent this year, primarily because of the stimulus bills that we've put in place trying to get the economy going again. In 2008, President Bush's stimulus payments sent $600 to individuals, $1,200 to couples, plus a little bit more if you had kids, and that all showed up as a tax reduction when you filed your income taxes.
This year we have the 2009 stimulus, which includes making work pay. Almost every American who works got benefit from that and a few other things that bring down tax bills.

[RedskinRat]

Originally Posted by firstdown

.............when I was a single father trying to get my career started I made maybe $13,000 per year and made ends meet.

Living in a van, down by the river?

[NC_Skins]

Originally Posted by firstdown

Sorry the number is still the same in 2011.

TPC Tax Topics | Who Doesn't Pay Federal Taxes?

Did you even bother to find out who that 47% you keep talking about?

• More than half are elderly

• one-third are nonelderly with income under $20,000

• Only about 1 in 20 is nonelderly with income over $20,000

But...the rich elite (not say you are) keep pointing and saying LOOK THESE GUYS AREN"T PAYING TAXES!!

Yeah, let's tax a person who can't even afford to support themselves on less than 20k. That's very smart.