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Detailed text transcripts for TV channel - MSNBC - 20120508:20:58:00

Taxes. 40% of federal revenues are payroll taxes taken right out of your paycheck to pay for social security and medicare, two of the most popular programs in american history. so who pays payroll taxes? well, people who earn a salary. so we re not talking about hedge fund managers who take a percentage of their investment gains, or small investors who make capital gains on good trades. no, we re talking about wage earners like cops, teachers, doctors, pilots, all of them earn cages and all of them pay payroll taxes. there s more. the federal take roll tax applies up to $110,000 per year. so any dollars you earn over that amount get a payroll tax rate of zero. so here s the whole truth about taxes. a teacher or cop making $80,000 a year pays a much higher proportion of their income in payroll taxes than does a lawyer making a million bucks a year. the cop contributes payroll taxes on 100% of her income ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120308:15:17:00

Just a couple of months ago, over a million. let s take a look at what that number was back in 09 and let s take a look at this one, which was a huge number, the average weeks that someone is unemployed, 40.1 weeks is the average amount of time that somebody is spending unemployed, versus 2009 wrrks it was 19.8. you know, all this does all of this does really flesh out the picture of what the real story is out there, right? if you tell people they have to take part-time jobs, after they go after they go back to work after 40 years weeks, they were making 80,000 a year, many 35 now, if you include them it goes up to about 15 percent. so we just want to know what the truth is because we can t make good policy here unless we know what the actual unemployment number is. it s not 8 percent. anybody who s out there in the real world knows that. we need real numbers, not d.c. numbers. that s what this does. it says hey, what s the real unemployment. that s what we re asking for. we w ....

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