Right now, someone making under $10,000 doesn't pay anything in income taxes, because at 10K a year you're already surviving on under a thousand bucks a month. Under Ron Paul's plan, with 23% income tax, someone making 10K a year would be paying $1000-2000 in taxes.
#1, Ron Paul isn't going to raise the income tax to 23%. I'll realize there will be some changes, but the dollar will increase in value too. #2, Anyone who makes 10k like in your example is living on welfare/social security/unemployment/entitlements of some kind and I don't think those people would be affected anyway.
Catwho, you're guilty of fear mongering here. Where did you even find these numbers?
No, he doesn't want to raise income tax to 23%. He wants to completely eliminate income tax and move to excises (read: sales) tax instead. This is common knowledge and is on his own campaign page.
The 23% number was an example calculated for Chicago, in order to compare to the amount of revenue currently gathered via state and local income tax.
Minimum wage, 40 hours a week, is $14000-ish. Unfortunately, most minimum wage jobs aren't full time jobs. There are a large number of people who are working
, but are under-employed, who aren't able to break the federal poverty line because they just can't get a full time job even just paying minimum wage. (Federal poverty line is $10,890 for an individual.)
Moving to any
form of excise tax will effectively raise their tax rate.