Republican Would Exempt The Rich From Paying Taxes

Do you have any doubt as to whether Republicans favor rich people over everyone else in this country? If so, then Rep. Paul Ryan (R-Wisconsin) has a proposal that should remove those doubts.

Rep. Ryan has come up with a new tax system that he says would be more "fair" to everyone. Take a look at it and determine for yourself if it is fair to everyone, or just a huge boon for the rich. Here are the components of Ryan's plan:

* Would give everyone a choice of using the current tax plan or his new plan.

* Those making less $50,000 ($100,000 for a couple) of earned income would pay a flat 10% tax.

* Those making over $50,000 ($100,000 for a couple) of earned income would pay a flat 25% tax.

* There would be a standard deduction and personal exemption ($39,000 for a family of four).

* Eliminate the Alternative Minimum Tax.

* Eliminate the Estate Tax.

* Eliminate the Capital Gains Tax.

* Eliminate the tax on interest.

* Eliminate the Corporate Income Tax.

* Institute an 8.5% business consumption tax.

Now consider this. Except for some athletes and entertainers, most rich people do not have earned income. They make the bulk of their money from interest and capital gains. That means that multi-millionaires and billionaires would pay no taxes at all. Nothing, zip, nada, zilch, not a damn penny!

He lets the rich off the hook of paying taxes and puts the burden for financing our government squarely on the shoulders of the middle class. Is that fair? Is it fair for the people who make the most money in this country to pay no taxes at all? Instead of paying nothing, they should pay the highest percentage of their income in taxes (because they have reaped the highest level of benefits from their income).

This is just one more example clearly showing that working and middle class people are voting against their own interests when they vote for Republicans. Republicans only care about one class of people -- the rich.