Posted on 09/18/2021 8:30:47 PM PDT by SeekAndFind
President Biden has long demanded that the wealthy "pay their 'fair share' of taxes," which raises the question: What is "fair," and who decides what is "fair"?
Is it honest brokers? Or ideologically driven fascists such as the Soviets, who caused the great Ukrainian famine of 1932–1933, when the then-ruling communists decided it was "fair" to take everything the people they branded "kulaks" had?
Quis custodiet ipsos custodes? as the Roman Juvenal noted.
In Biden's Sept. 16 speech about the economy, fair taxes, and the China virus, Biden extended his anti-rich rhetoric into dangerous waters. He accused the top 1% and wealthy corporations, not merely of legal tax evasion by intelligent uses of the tax code, but of downright criminal tax evasion.
I quote from the rev.com transcript of his speech:
All I'm asking is you pay your fair share. Pay your fair share, just like middle class folks do. But that isn't happening now. Today in this country right now, the top 1%, for example, evade an estimated a 160 billion in taxes that they owe each year.
And how do they do that? There are only two ways not to pay taxes: one can do it legally through intelligent use of the tax code as it is written, or one can do it illegally and criminally by refusing to report income to the IRS. Only in the latter case is the money actually owed to the government. In the case of the former, laws as written say the taxes aren't owed, and that's neither illegal nor criminal.
(Excerpt) Read more at americanthinker.com ...
My plan would help solve that. For example, it would give the IRS the resources it needs to keep up with the lawyers and accountants of the super wealthy. It would ask just for two pieces of information from the banks of these folks, the amounts that come into their bank accounts and what amounts go out of their bank accounts, so that the wealthy can no longer hide what they're making and they can finally begin to pay their fair share what they owe.
He wants to make "Hiding" taxable income a crime.
What about all of biden’s hidden taxable income? 10% for the Big Guy.
Biden is asking for $80 billion tax dollars to enable the IRS to monitor bank accounts to find out what everyone was doing with their money:
<><>How much are they spending?
<><>What are they buying?
<><>Who are they paying?
<><>Where does their money come from?
I’m OK with this......as long as the Biden family goes first.
Simple solution. EVERYONE pays 7% of gross income. No deductions. It’ll never happen but that solves the problem. Too many tax lawyers and accountants would have a fit.
Funny cause most of the top 1% are leftist supporters and backers of toads like Joke Biden. How do you think that's gonna work out?!
Words fail. What I need to say cannot be said. So many Freeps are even clueless.
Considering closing all bank accounts at this point.
Takes one to know one.
Where will you put the money? They are tracking large amounts being moved out of accounts.
Well,... Prosecute the lot of them and jail them for their criminal tax evasion. If we do that enough, the rich liberals will have to spend gobs of money on defense lawyers and have less to give liberal PACs and politicians to continue their deliberate destruction of our society. Also, the experience of paying huge legal defense bills to defend themselves against charges levied by the ones they are voting for might even open a few eyes (maybe).
Minimizing ones taxes by heeding the tax code and arranging one’s affairs accordingly isn’t referred to as ‘legal tax evasion’. The correct phrase is ‘tax avoidance’.
A bit pedantic, maybe, but if you make the two things sound alike, people will think they’re morally similar.
RE: Considering closing all bank accounts at this point.
OK, where is my company going to deposit my fortnightly paycheck?
I don’t know. That’s the hell of it. I’ve been reviewing interest bearing instruments; purchasing in very small increments. At this point though, I just don’t know.
Those people are not looking for ‘solutions’. They are looking to snuff out the middle class and steal accumulated wealth.
Would they be willing to pay in the traditional manner? v/s direct deposit?
This is all theatre for the little people. Biden gonna go after Soros et al? Yeah right.
RE: Would they be willing to pay in the traditional manner? v/s direct deposit?
That’s what they’re doing. It’s deposited to my bank account. So, how can I close that account and be paid?
It’s not actually those guys he’s after, but it makes the idea palatable to the LIVs, many of whom are actually the target group.
Kind of like guns. Since some use them in crime, all have to be traced.
Is Joe paying his “fair share”?
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