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Well, he didn't use those exact words. But in an ABC video interview out today, Rand Paul outlined his vision for the next Congress. In discussing (at the 45s mark) the fairness of raising taxes on the rich, he tells Jonathan Karl:

Are rich people paying their fair share? Well, they're paying about half of their income. What's enough?
Wow, 50%.  Half of their income.  That's actually a pretty healthy number.  And the Democrats are trying to raise it even higher? And they deny that they are socialists?

But wait!  Not so fast.  The Earth was not created 6,000 years ago, Barack Obama is not Kenyan, and taxes on the rich in this country are nowhere close to 50%.

When you add in all federal, state, and local taxes, the Top 1% pays about 30% of their income in taxes. And they actually pay a little less than the people in the 80th to 99th percentiles; that is because at the very high end (the super rich), beneficial long-term capital and dividend tax rates (now both 15%) dramatically lower the total tax burden even greater for people whose income is mostly investment-related.

Senator Rand Paul thinks that rich Americans pay 50% of their income in taxes, when the real number is less than 30%.  I think it is quite fair to say that from his perspective, knowing that the rich actually pay 30% would be a welcome surprise.  I guess if the Democrats offer to tax the rich from now on at 40% of their income (combined), the GOP should jump at that, right?

Paul goes on to say that compromise is the key to the budget negotiations, and he's prepared to compromise.  But not on taxes; he will not support any deal that raises any taxes.

Is it possible that the GOP doesn't know, factually, how little the rich pay?  Maybe this entire disagreement on taxes is just one giant miscommunication!  Spread the word to your GOP friends and neighbors - you guys are being led by politicians who don't have the right numbers.

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Comment Preferences

  •  Gosh, didn't we just go through a campaign (3+ / 0-)
    Recommended by:
    Sue B, NormAl1792, doc2

    where Mitt Romney was paying 14% in federal income taxes? I can't believe the rest of his taxes would add up to 36%, although he probably pays some pretty high property taxes.

    And will somebody explain marginal tax rates to these people? If they have earned income, they also get the tax cut on the first $250,000 of their income ($200,000 for singles?).

    And also explain to small businesses the difference between revenue and taxable income? If I hear one more small business person say they are going to make sure they don't take in one penny over $250,000, I may have to shoot myself.

    Friends don't let friends vote Republican.

    by OhioNatureMom on Tue Nov 20, 2012 at 07:42:14 AM PST

  •  They can keep fudging the facts (0+ / 0-)

    And I think they are going to be called on it more and more.  I sense that there is a significant wakening in the general public to the GOP's constant inaccuracies.

    So they can keep it up, and they'll keep looking bad as the truth is exposed.

    Semms like they've learned nothing.  Good for them!

  •  Hmmm. (0+ / 0-)

    There was a time where the tax rates on them were about 90%, and the rich were still ultra-rich. Also,  the economy was better than too, and more people had jobs.

  •  In the same way a blind monkey sometimes (0+ / 0-)

    finds a banana, this guy sometimes says something I agree with. But then I remember his connection to libertarianism and what libertarianism really is - all the liberty money can buy - and I remember why I can't stand him.

    Send conservatives to for re-education.

    by filthyLiberalDOTcom on Tue Nov 20, 2012 at 10:15:03 AM PST

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