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September 18th, 2012
11:10 AM ET
MYB: Fact checking Romney's fundraising comments
The election is heating up with just 49 days before voters hit the polls. But the Romney campaign is facing heat today for critical comments Mitt Romney caught making at a fundraiser recently regarding the percentage of Americans who pay no income tax. Christine Romans fact checks those comments on “Early Start” this morning.
As one of the 47% that has worked for 50 years and paid taxes and have retired and now drawing social security: So far no one has mentioned the fact that if you manage to build a savings account during your working years and do not put your money in a Swiss bank, and your interest takes you a dollar over the cutoff on Social Security. You DO pay some tax on your social security income. Will someone let Mitt Romney know this, and maybe he will help us get our savings out of this country. SAD! 47% of this country isn't on welfare. There are people on welfare who really need the assistance, there are some who abuse it, but not 47%. From the Social Security website: "• between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits.
• more than $34,000, up to 85 percent of your benefits may be taxable."