Posted on 05/04/2024 7:33:06 AM PDT by Kaiser8408a
I doubt if Biden really understands what he is saying. He simply reads (badly) off a teleprompter.
Biden has repeatedly claimed that no new taxes on anyone making less than $400,000. Remember, he has repeatedly said “You have my word as a Biden.” Which is worthless, by the way.
There are TWO taxes that are hitting people making under $400,000 per year. First, the INFLATION tax coming from Biden’s/Congresses spending binge, The Fed printing gobs of money, and insane regulations.
Biden and his mouthpieces like Karine Jean Pierre (KJP) claim that Biden inherited inflation from Trump. FALSE. Inflation was only 1.3% YoY in December 2020. Inflation was 3.5% YoY in March 2024, an increase of 166% over Trump’s final month in office. THAT is one heck of an inflation tax.
In House testimony, Treasury Secretary Janet Yellen (falsely) claimed that Biden’s massive tax increase won’t hit middle class households. That is a plain lie. the Tax Foundation said that someone who’s married, two kids, making $85,000 would pay $1,700 more in taxes. A married couple with two children making $165,000 annually would pay $2,450.50 more than in the previous year, while a family with three kids pulling in $200,000 per year will shell out almost $7,500 more per year.
So much for Biden’s “No one making under $400,000 will pay and additional penny of tax.” Between the inflation tax and Biden letting Trump’s Tax Cuts and Jobs Act’s (TCJA) expire, people making under $400,000 per year will get scalded. All so Biden/Congress can keep spending on Ukraine, fund endless wars, and buy countries cooperation with the US.
(Excerpt) Read more at confoundedinterest.net ...
I’ve said it before and I’ll say it again - if the country wants HUGE SOCIAL GIVEAWAYS, which certainly seems the case for a large chunk of the voting public, there are TWO OPTIONS - either fund those giveaways with taxes, or go back to who the Founding Fathers wanted to vote, and only them (male property owners).
The ‘third option’ of printing money has now run its course, so it is no longer viable.
Just add another zero to the printing press.
(or two)
BTTT
$85,000. Whew, what I couldn’t do with that over several years time. After constantly taking the belt in notch by notch, we’ve recently taken an unexpected terrifying income cut.
Biden has the best interestd of Americans in mind, and part of that plan is to help people lose weight.
For example, I eat less because I’ve had to cut on my food consumption because of the high prices of food and drinks. I’ve lost 30 pounds in the last 3 years, all thanks to Biden. Biden’s inflation is the alternate weight loss program to Ozempic.
Vote Biden this year, if you want to lose more weight. ;)
Hey, we just have to give Bidenomics a century or two to work.
Do not forget all the other wonderfulness he has given us, pay 1/3 to a 1/4 more for less of the same stuff you bought 4 years ago. He also is trying his hardest to destroy our energy industry.
Under the communist you will always pay more for less going forward.
Perversion, bastardization and evil all in one package.
“Just add another zero to the printing press.
(or two)”
The problem, of course, is that each time they add a zero to their printing press, my savings lose a zero, and while I have many zeros to give, I doubt that others are in the same boat.
I apologize. I forgot to conclude with /s.
My kid told me today that Trump’s tax rebate was temporary, and it was expensive for him to pay back. I told him I’d research it. Anyone know?
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