Isn't there music with that?![]()
Damn! I was goin for that honor!![]()
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Wrong. Obama says 95% of working Americans. Go read.
Whether people who owe no income taxes now should get refunds is a more of a philosophical question than a question for factcheckers. But we do want to answer reader questions about what happens to Obama's numbers if you don't count people who don't owe taxes. Would 95 percent of the workers who do pay taxes still see a reduction in taxes owed, or would that number decline?
We found the percentage drops, but only very slightly: It drops about 3 percentage points, from 95 percent to 92 percent.
We were surprised the change was that small. But it's easy to prove with a simple thought experiment. Here's how it works:
Let's say we're considering 100 workers. We know from the Tax Policy Center that five of them will not get a tax break under Obama's plan, and conversely 95 of them will. We also know that 38 of those workers do not owe any taxes thanks to credits and deductions.
So let's take the 38 workers who owe nothing and send them away. For the sake of our thought experiment, we're going to assume that all 38 got a tax cut under Obama's plan in the form of even lower tax liability. We should state clearly that this may not be the case — a few people with low incomes, depending on their specific circumstances, might not receive additional tax cuts under Obama's plan. But just to give the extra benefit of the doubt, we'll stipulate here that all 38 receive a tax cut.
So that leaves us with 62 workers who do pay taxes. If five of them don't get a tax cut under Obama's plan, that means 57 of 62 workers will get a tax cut. That's 92 percent.
So the "95 percent illusion" that the Wall Street Journal opinion piece describes is three points.
Also:
Why should those who don't pay taxes get a break? They already don't pay taxes. A break from what?
Wow, the denial is really thick where you live. You've never read any Karl Marx, obviously. What do you think "spreading the wealth" is, exactly?
To the contrary, those who don't pay FEDERAL INCOME TAXES would be given refundable tax credits. - meaning you receive the money even if you have no income tax liability:Like I said before, your argument is false. If they already pay no taxes, then their "tax break" will be zero. Nobody has claimed, other than McCain's campaign, that the IRS would be handing out checks to people who don't pay taxes.
You're right.Oh, OK, so handing out "economic stimulus checks" by the BuSh administration earlier this year, bailing out poor investments by handing the wealth of the taxpayer over to the greedy on Wall Street, and proposing another stimulus scheme by the GOP-chosen Fed chairman is "socialism". Got it, thanks.
Repeat!!!
Bump The Drama Vote OBAMA!!!!!
Bump The Drama Vote OBAMA!!!!!
Bump The Drama Vote OBAMA!!!!!
Bump The Drama Vote OBAMA!!!!!
Bump The Drama Vote OBAMA!!!!!
Bump The Drama Vote OBAMA!!!!!
Bump The Drama Vote OBAMA!!!!!
Bump The Drama Vote OBAMA!!!!!
Bump The Drama Vote OBAMA!!!!!
Bump The Drama Vote OBAMA!!!!!
Bump The Drama Vote OBAMA!!!!!
Bump The Drama Vote OBAMA!!!!!
Yes, I'm ignorant because I relayed a joke I was told and posting Photoshopped pictures of people isn't? That's ok. I think neither of these clowns is fit to run a video store let alone this country.