Yes, he lies. He lies ALL THE TIME.
There are some “facts” that Biden likes to recite in almost every speech. In the past year, in more than 30 appearances, the president has referred to billionaires paying about 8 percent in federal income taxes. He said it in his last State of the Union address, and odds are he will say it again when he addresses Congress in March.
The line is a key part of his argument to impose a minimum 25 percent tax on all taxpayers with wealth greater than $100 million. That would raise about $360 billion over 10 years, the administration estimates.
But if you check Treasury Department calculations for what the richest Americans already pay in taxes, you would see that the richest 1 percent pay in excess of 20 percent in income taxes and more than 30 percent in all federal taxes. Even if you drill down to the top 400 wealthiest taxpayers – data that was publicly available on an annual basis until President Donald Trump killed the report – they paid an effective tax rate of 23.1 percent in 2014. These taxpayers – with $127 billion of income – that year paid $29.4 billion in income taxes, or more than 2 percent of all income taxes, the IRS said. That’s more than the bottom 70 percent of taxpayers combined.
C’mon, man! He created 169 jobs in Wisconsin!
“The beer brewed here. It is used to make the brewed beer. During is define, oh, earth Rider. Thanks for the Great Lakes. I wonder why…” – Babblin’ Joe, yesterday, Superior WI
Also the great pic of Joe wearing a hard hat. Backwards.
But Phony nEvers got it right for once…
“I am the last speaker before the Big Guy comes out“
Evers… the one person that could make Joe Biden look cool and hip.
before the Big Guy comes out…
How many Democrats were in on the payoffs, anyway? Even Evers?
>These taxpayers – with $127 billion of income – that year paid $29.4 billion in income taxes, or more than 2 percent of all income taxes, the IRS said. That’s more than the bottom 70 percent of taxpayers combined.
This may sound somewhat Marxist, but what does it say that the 400 wealthiest people in the US had 127 billion in income? I wonder just how many people working for their companies are vastly underpaid… Anyway, you need a system rigged for the wealthy and heavy regulation (read bought pols, bribery and blackmails) to take home that big of a chunk in the first place. And how much money did the bottom 70% have in income? It might be a fun comparison, but the question would have to be how much in Government freebies do you count as ‘income’, I suppose.
I say kill both sides of that equation. Stop the Gov from pandering for votes with giveaways and from receiving anything from monied interests while in office. Then have the system support the workers in disputes instead of the monied interests. I would say 12.7 billion in ANNUAL INCOME would still be enough to scrape by with for the 400 wealthiest. I mean, I know 32,000,000 a year is a ridiculously low income for a truly wealthy person, but I bet they could still get by, at least with food stamps.
Lying’ Biden has a well deserved reputation as an accomplished lying liar, but I’m not sure old Joe is in touch with reality enough theses days to intentionally deceive anyone. Same difference, I guess.
Preachin’ to the choir here, Merlin. I have said virtually the exact same thing here as well.