I am astounded that they all only add up to 47%
Only an Absolute Idiot would not agree with Romney !!
Analysis by the Chairman of the Economics Department at Harvard University:
Because transfer payments are, in effect, the opposite of taxes, it makes sense to look not just at taxes paid, but at taxes paid minus transfers received. For 2009, the most recent year available, here are taxes less transfers as a percentage of market income (income that households earned from their work and savings):
Bottom quintile: -301 percent
Second quintile: -42 percent
Middle quintile: -5 percent
Fourth quintile: 10 percent
Highest quintile: 22 percent
Top one percent: 28 percent
The negative 301 percent means that a typical family in the bottom quintile receives about $3 in transfer payments for every dollar earned.
The most surprising fact to me was that the effective tax rate is negative for the middle quintile. According to the CBO data, this number was +14 percent in 1979 (when the data begin) and remained positive through 2007. It was negative 0.5 percent in 2008, and negative 5 percent in 2009. That is, the middle class, having long been a net contributor to the funding of government, is now a net recipient of government largess.
CBO report cited:
I think Romney’s remarks will hurt him. Tonight on our local news they interviewed people about his statement and a lot of working class people are not happy with his remarks. Sometimes I think Romney just doesn’t want to win, just like I felt about McCain. Just wish we had a better candidate - someone who knew how to just shut up.
I agree with what Romney said but think he used too broad a brush. But my concern is that as Governor he only added to the problem. He just recently said how proud he is of RomneyCare which gives free health care as well as free abortions. He implemented a free cars for welfare which included free repairs and even free AAA cards. He governed as a liberal. I suspect his fund raiser was with conservatives so he said what he believed they wanted to hear. He has a history of doing that. His record is in conflict with his statements.