How Liberals Screw the 47 Percent

Everyone's getting their knickers in a twist about the 47 percent that Mitt Romney figures are going to vote for Barack Obama, no matter what.  But do you know why they will vote for Barack? Wyatt Emmerich did the math back in 2010 for The Clevelend Current in Mississippi.  It's been written up at ZeroHedge and by Kathy Shaidle. The message is simple.  Earn $3,600 per year as head of a family of three, and your net earnings (after taxes and government benefits) will amount to $31,630.  But if you earn $60,000 a year, your net earnings will be $34,366.  In other words, if you work your tail off and increase your earnings by $56,400, you will be only $2,736 ahead in take-home pay.  The reason is that your government benefits will be cranked down from $30,762 a year to zero, and your taxes (including child care) will crank up from $2,787 a year to $25,634.  Talk about chump change. But I am not interested in the raw numbers; I am interested in the...(Read Full Article)