Posted 1 year ago on Nov. 20, 2011, 4:57 p.m. EST by stephenadler
This content is user submitted and not an official statement
I just read a piece in the NYTimes about how the super committee is about to give up with the in pass on raising taxes on the 1%. Rand Paul states "The vast majority of millionaires and billionaires are paying all of the taxes, That’s who pays the income tax.”
How is it that Senator Paul can come off with such statements. I don't have the actual figure in front of me, but my interpretation is that dollar wise, the 1% pay more in taxes, but percent wise, they pay less. If the 1% hoards over 50% (or what ever the figure is) of the county's wealth, they should be paying 50% (or what ever the figure is ) of the taxes of the country.
Basically, Senator Paul is blind to the rise in the near poor, which shot up at an unprecedented rate as discovered from the last census data. And I'm sure his solution is to give more tax breaks to the 1% to create jobs for these people who are just barely making by, living paycheck to paycheck. When in fact, all the 1% are doing is cutting jobs as aggressively as they can in order to maximize their profits. Thus they hire sweat shop labor in China, India, South America etc.
Who in the media is going to call Rand Paul on his disingenuous statements about the 1% paying all the taxes?