Again with the 47%! This is the breakdown of the 47% from Fox News. 10.3% elderly. This people are living on social security, and small pensions. Their combined income doesn't throw them into a tax payment situation.
6.9% non-elderly Either make less than $9,500. or do not work. They do not file income taxes.
28.3% They pay social security, and Medicare Taxes. They work at very low wages or part time jobs, which doesn't raise them to the level where they have to pay income taxes. They receive Earned Income Credit.
less 1% other.
The Bush tax cut lowered the tax rate for all tax brackets. There were some capital gains changes. The child credit went from $500. to $1,000. per child. These changes benefitted the higher tax brackets more than the all the others. Other than the child tax increase, it didn't do a damn thing to the 47% of people that pay taxes. First grade math any number multiplied by zero the answer is zero.
The 47% was a mistake by Romney. It might have cost him the election. A great number of the 47% live in Republican dominated states. The takers in these states certainly didn't change the outcome in these states. Concerning the Democrat states on each coast, these states are paying more in taxes than they are receiving back from the federal government. Your argument doesn't hold water.
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