Well this is awkward.
Senator Rand Paul
last week, discussing among other things, how the rich pay the most in taxes, where the poor pay nothing.
audience, of what I assume is mostly cackling witch doctors, was none too pleased with Paul's pronouncement. Except left-leaning Politifact had to admit
is right. That must have caused quite a diaper rash. Worse, in fact, as his original estimation of how much the top 1 percent pay is too low! Watch:
For the federal income tax, the committee found that every income group below $50,000 paid a negative average share of the income burden. That means that, on the whole, families in these income groups got deductions and credits that reduced their federal income tax liability below zero.
But Courtney, how can people's income tax liability be "below zero." I'll tell you. There are credits which actually give people a huge "refund" as they're clicking through TurboTax. In short, they don't get paid a
on taxes, they're paid by the government (taxpayers) for having a low income. Now there's probably some language here the fact-checkers won't like, but the result is a lower income household receives a CREDIT bump. So MORE than what they paid in taxes is refunded to them.
Meanwhile, the same analysis provided a snapshot of the tax burden shouldered by the top 1.2 percent of tax filers, those earning at least $500,000. This elite group collectively footed 51.5% of the nation’s individual income tax bill. That’s a larger share than what Paul said.
Okay, so the top 1% of income-earners pay more than half of the tax burden. Which means the "rich need to pay their fair share" talking point is kind of a load of crap. The rich are paying more than their fair share, where the poor aren't really paying any.
It's just easier for a majority of people to point to a minority for demonization. Mob rules. Kind of the crux of what "democratic socialism" is, and why mob rule is a problem. We already have a plethora of voting numbskulls believing the rich aren't paying enough. Imagine if one of their tinfoiled-hat leaders ascended to the presidency. Hold onto your cash.