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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: i-node who wrote (739914)9/17/2013 11:04:12 AM
From: bentway  Read Replies (1) | Respond to of 1576378
 
Your boy was the champion of "signing statements":

Bush 'Signing Statements' Questioned

cbsnews.com



To: i-node who wrote (739914)9/17/2013 3:35:04 PM
From: bentway2 Recommendations

Recommended By
Alighieri
J_F_Shepard

  Respond to of 1576378
 
The famous “47 percent” are now down to 43 percent

Remember that moment in the 2012 campaign when Mitt Romney was caught on tape lamenting the fact that "Forty-seven percent of Americans pay no income tax"? Sure you do.

Well, it turns out that stat needs updating. The Tax Policy Center reports that the 47 percent is now down to 43 percent, as more and more households paid income tax in 2013:



The Tax Policy Center chalks the change over the past few years up to the improving economy, (slowly) rising incomes, and the expiration of various stimulus-era tax cuts. Those all add up to more people getting hit with income taxes. If current trends hold, the number of households that don't pay income tax is expected to fall to 34 percent by 2024.

The TPC also has a video explaining why this metric isn't nearly as revealing as it seems. As was the case before, most of those who don't pay income taxes still pay Social Security and Medicare taxes. And a big chunk of the rest are retirees

washingtonpost.com