FactFinder
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- Mar 1, 2009
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Well Kevin, thanks for that helpful and enlightening observation. I never would have guessed that.
But your helpful observation does raise another question, if you hadn't already anticipated it I'll spell it out for you: Which forms of taxation if income taxes and tariffs are eliminated?
Let me spell it out for you: I'm not going to go through every tax the government uses to get revenue. The income tax accounts for around 30 - 40% of the federal government's revenue, and they can go without that to do their constitutional duties.
So Paul's plan is to eliminate the income tax the wealthy pay, but keep the regressive SS tax the working poorer pay.
I can see why rich folks would love Paul. Leona Helmsley's fantasy come true.
And I can see why others call him a whacko.
Another misrepresenting him. I didn't see that at all about him. Do ya mind showing some facts to back that up?