(1/7) So @RandPaul just went on @TheView and claimed that the rich are suffering under the current tax code....
Um, we beg to differ. And herein is a thread to correct Rand Paul and explain why we must #TaxTheRich
Um, we beg to differ. And herein is a thread to correct Rand Paul and explain why we must #TaxTheRich
(2/7) @RandPaul wants us to believe that those who earn less than $50,000 "don't pay income tax anymore."
That's simply not true. Just ask the people we met on our national #TaxTheRich bus tour this summer.
That's simply not true. Just ask the people we met on our national #TaxTheRich bus tour this summer.
(3/7) @RandPaul touts the progressiveness of our tax code, meaning that people who make more money pay more in taxes.
But that's not the whole story. In reality, most state tax systems are regressive, meaning lower-income people are taxed at higher rates than top-earners.
But that's not the whole story. In reality, most state tax systems are regressive, meaning lower-income people are taxed at higher rates than top-earners.
(4/7) That means that in total, when taking into account federal AND state taxes, the poor are the ones who are paying more.
Check out this report from @ITEPtweets: itep.org/whopays/
Check out this report from @ITEPtweets: itep.org/whopays/
(5/7) And just today, Emmanuel Saez & @gabriel_zucman published a NYT op-ed showing that:
"For the first time in the past 100 years, the working class — the 50 percent of Americans with the lowest incomes — today pays higher tax rates than billionaires." nytimes.com/2019/10/11/opi…
"For the first time in the past 100 years, the working class — the 50 percent of Americans with the lowest incomes — today pays higher tax rates than billionaires." nytimes.com/2019/10/11/opi…
(6/7) The rich got a GINORMOUS, unearned tax break from the 2017 #TrumpTaxScam: In 2020, the top 1% will get a collective $78 billion in tax cuts.
On average, each member of the top 1% will get a $49,950 tax cut next year!
On average, each member of the top 1% will get a $49,950 tax cut next year!
(7/7) So, @RandPaul, care to explain to us how exactly the rich are struggling?
