► Should Billionaire/Job Creator John Paulson pay more or less in taxes? Print E-mail

Should Billionaire/Job Creator John Paulson pay more or less in taxes?

 
John Paulson is the president of Paulson & Company; a New York City based hedge fund. According to right-wing conservative ministers such as Rev. Sean Hannity, Rush Limbaugh and Sarah Palin, John Paulson is one America’s “job creators.”
 
As a result of Bush era tax cuts, Johnny’s $4.9 billion income was treated as capitol gains, meaning his tax rate was 15%. The aforementioned ministers along with presidential candidates Michelle Bachman, Mitt Romney and Newt Gingrich have declared that if elected they’d reduce the 15% capitol gains tax to a much more human rate of “Zero.” How cool would that be?
 
Now let’s compare Johnny’s earnings of $4.9 billion against UAW workers and members of the U.S. Marines, losers all who do not qualify as “job creators.”
 
GM & Ford Union Worker Wages + Taxes
$4.9 billion = yearly wages for 84,280 union auto workers
$1.2 billion = federal income taxes at 23.5% avg. per worker
 
Military wages – U. S. Marine Corps
$4.98 billion = total basic wages for 153,000 Marines (Privates – 4 Star Generals)
$1.2 billion = federal income taxes at 23.5% avg. per worker
 
Johnny the “Job Creator”
 
Johnny owns at least three homes; one on the Upper East Side in NYC, one in Southampton, NY and one in Aspen, Colorado. It is estimated that Johnny has personally created the following jobs over the past 18-months:
  • 4 – Landscapers for his multiple properties (no green cards)
  • 2 – Additional chauffeurs (2 w/no green cards)
  • 4 – Additional maids for his multiple properties (no green cards)
  • 8 – Part time craftsman at Burger Yachts working on Johnnie’s new yacht
Compare Johnnie’s multiple instances of “job creating” against that of the 238,600 military and UAW auto workers aforementioned. Let’s be pragmatic here folks, if all 238,600 of these losers went out and purchased a new car would that really create as many quality jobs as Johnny has created?
 
Fairness of Johnny “The Job Creator’s” Tax Rate
 
Is it really fair for a “Job Creator” of Johnny’s stature to pay taxes at the same rate as non-job creating union losers at GM and Ford? We need to have Johnny’s tax rate cut from 15% to Zero! If we do, Johnny will be free to create even more quality jobs in 2013, such as:
  • 8 – Part time construction workers for new home in Montana (no green cards)
  • 3 – Part time craftsman to build specially ordered Ferrari
  • 11 – Part time craftsman to build new Gulfstream jet
  • 7 – Fulltime maids, butlers, chauffeurs for new home in Montana (no green cards)
And of course we’ll need to increase the tax rate on the 238,600 losers aforementioned to make up for what Johnny ain’t gonna pay. Therefore, it would be only fair and reasonable to increase their average rate from 23.5% to 38.5%, which means they’d pay an additional $1.5 billion.
 
Just remember one thing, if it wasn't for super patriots like Johnny, y'all likely wouldn't even have a job!
 
 
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