Posted on 03/19/2023 5:22:36 PM PDT by Navy Patriot
Twitter CEO Elon Musk doubted the White House's figure
President Biden's Twitter account posted a questionable statistic on Saturday about how much tax Americans billionaires pay.
"Look, I think you should be able to be a billionaire if you can earn it, but just pay your fair share," Biden's tweet read. "I think you ought to pay a minimum tax of 25%. It’s about basic fairness."
The tweet included a graphic of a Biden quote that said: "You know the average tax billionaires pay? Three percent. No billionaire should be paying a lower tax than somebody working as a schoolteacher or a firefighter."
(Excerpt) Read more at foxnews.com ...
Musk sure has his good points.
“”No billionaire should be paying a lower tax than somebody working as a schoolteacher or a firefighter.””
Biden knows as much about tax rates as he does about running a country!! But he doesn’t USE the term tax rate, does he? He doesn’t know the different between “tax” and “tax rate”.
You make a good point about “Tax” and “Tax Rates”, and Biden is the Epitome of Stupidity.
Agree.
No. Not stupid, but rather evil. He knows the difference and knows how to manipulate very well.
The analysis from OMB and CEA economists estimates that the wealthiest 400 billionaire families in America paid an average of just 8.2 percent of their income
Whilw
than Half of America Gets More in Welfare than it Pays in Taxes
You are more correct than I.
His handlers know the difference and know how to manipulate very well. He is clueless.
.
“Biden is the Epitome of Stupidity.
No. Not stupid, but rather evil. He knows the difference and knows how to manipulate very well.”
Thomas Sorrell had a session in front of a committee during the eighties and his takeaway was that Biden is an idiot.
Biden’s “Billionaire Tax” only affects people who make over $400,000 a year.
Let me see: if you earn $400,000 a year; it will take you 2,500 years to make a billion dollars.
So who is really being taxed?
Democrat hacks keep harping about paying a fair share but won’t allow a flat tax.
A lot of their money is in a safe loop hole left over election money junket money.........................................
Biden has 17 million but it was spent on getting elected also has bridges for sale.
You make a good point about left over campaign funds, they are nothing more than Bribery, Graft and Theft Slush Funds with zero accountability.
Indeed so much for their argument about fair share it’s only for the peons make the pee-ons.
Sowell, maybe?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.