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re: President* Biden: $163 billion — that’s how much the top one percent evades in taxes...!

Posted on 9/8/21 at 2:41 pm to
Posted by Barneyrb
NELA
Member since May 2016
5139 posts
Posted on 9/8/21 at 2:41 pm to
How about we focus on the 61% that paid NOTHING in taxes last year. Stop giving them money, make them go back to work, and start paying taxes again.
Posted by bstew3006
318
Member since Dec 2007
12580 posts
Posted on 9/8/21 at 2:42 pm to
How much did Biden evade…I mean write off?

Similar to Bernie who pays 13% into taxes
Posted by mtntiger
Asheville, NC
Member since Oct 2003
26661 posts
Posted on 9/8/21 at 2:46 pm to
Well, if Hunter would just declare all of his illegal income then a quarter of that would be remedied.
Posted by themunch
Earth. maybe
Member since Jan 2007
64736 posts
Posted on 9/8/21 at 2:47 pm to
Big Joe is spending 4 trillion at a time multiple times . That would not put a dent in any of the spending they are doing.
Posted by jcaz
Laffy
Member since Aug 2014
15714 posts
Posted on 9/8/21 at 2:48 pm to
Federal Government:
Wasteful Spending of $163B = GOOD
Billionaires Investing $163B = BAD
Posted by Diamondawg
Mississippi
Member since Oct 2006
32348 posts
Posted on 9/8/21 at 2:49 pm to
quote:

Who writes the tax laws? He’s such a disingenuous prick. Good lord.


47 years he's had
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 9/8/21 at 2:49 pm to
First of all that's an exceptionally tiny number actually. Second of all I'm going to need his definition of evade. Is he talking about taxes they owed but failed to pay? If so why doesn't he just enforce current law? If not why use the term evade? You aren't evading taxes if you follow tax law and pay what you are required
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124175 posts
Posted on 9/8/21 at 2:51 pm to
In 2018 (latest info released):

The top 1% of taxpayers paid roughly $615 billion, or 40.1% of all income taxes.

• The bottom 90% paid about $440 billion, or 28.6% of all income taxes.


• The share of income taxes paid by the top 1% increased from 33.2% in 2001 to 40.1% in 2018.

LINK
Posted by Nosevens
Member since Apr 2019
10408 posts
Posted on 9/8/21 at 2:51 pm to
You mean the tax laws that he help make and in return use to not pay as much taxes as he blames others for ?
Posted by BlackAdam
Member since Jan 2016
6462 posts
Posted on 9/8/21 at 2:52 pm to
quote:

How about we focus on the 61% that paid NOTHING in taxes last year. Stop giving them money, make them go back to work, and start paying taxes again.


Last year is atypical, so I'll throw it out the window. In a typical year the bottom 50% pay no taxes. The bottom 40% actually have negative tax rates. Meanwhile the 1% earned 20% of the income, and shouldered 40% of the tax burden.

Also note the Trump tax cuts resulted in the 1% paying a larger percentage of an increased collections number.
This post was edited on 9/8/21 at 2:53 pm
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
10760 posts
Posted on 9/8/21 at 2:55 pm to
He talks about top 1% but his actions show he's coming after all of us:

Biden wants to see ALL of your financial transactions
LINK - TD thread

IRS push for more taxpayer info will ‘kill’ community banks, CEO says
IRS looking to crack down on tax dodgers

LINK. - foxbusiness

Community banks won't be able to affort to comply with this, more of the same re killing small business (small banks now) leaving behind only large corporations (large banks) that they have their claws in and can use to control us.
Posted by troyt37
Member since Mar 2008
13355 posts
Posted on 9/8/21 at 2:55 pm to
Evading taxes is against the law. Charge them. Prosecute them. Imprison them. Take their property.

Avoiding taxes is very much legal, and expected. Wealth can be moved around. Those with a brain take that into consideration when they are talking about doing things that will make the wealthy divest from your country, and invest in another.
Posted by Auburn1968
NYC
Member since Mar 2019
19683 posts
Posted on 9/8/21 at 3:02 pm to
He'll have the top 1% moving their money to some place safe from his grubby dem fingers.

Posted by thejudge
Westlake, LA
Member since Sep 2009
14070 posts
Posted on 9/8/21 at 3:06 pm to
85 billion...

That's how much he just gave the fricking taliban..
Posted by Crimsonmarine
Member since Jun 2020
194 posts
Posted on 9/8/21 at 3:10 pm to
quote:


$163 billion — that’s how much the top one percent evades in taxes they owe each year. It’s unacceptable


$4+ trillion - that's how much the gov and the Fed have stolen from our savings in the past year through increasing the money supply and inflation. That is what is unacceptable.
Posted by Figgy
CenCal
Member since May 2020
7242 posts
Posted on 9/8/21 at 3:26 pm to
quote:

47 years he's had


A 47 year track record of basically being wrong on everything and he tries to convince people that he has the answers for the most pressing issues of the day.

Posted by NC_Tigah
Carolinas
Member since Sep 2003
124175 posts
Posted on 9/8/21 at 3:50 pm to
quote:

47 years he's had
49.....but who's counting.
Posted by Plx1776
Member since Oct 2017
16271 posts
Posted on 9/8/21 at 3:52 pm to
Our gov needs that money!


Afghanistan needs at least $1b, to teach them some gender studies.

Need at least $80b to replace the equipment we gave the Taliban.

Need a few million dollars to open few new diversity and equity offices throughout our government.

Need to set aside a billion dollars, because all that woke literature we demand our soldiers read.. isn't free... and there will probably be endless streams of woke literature being released in the future.

Need at least $50b to study climate change.

Need to give our representatives and senators a little bonus. A million each sounds pretty good, because they do so much to help us common people. So need to set aside $535m.

Need to give Capitol police a few billion, so they can properly expand.


Need at least $50m in order to campaign to the black community about how everything is being done to help them. Even though none of the money is actually spent on black people.


Posted by Goonie02
Member since Dec 2019
2520 posts
Posted on 9/8/21 at 4:01 pm to
so he is asking for a 3 trillion dollars but can't make the top one percent cough up $163B?

What the heck is this guy even talking about at this point?
Posted by WildManGoose
Member since Nov 2005
4568 posts
Posted on 9/8/21 at 4:03 pm to
quote:

that’s how much the top one percent evades in taxes they owe each year. It’s unacceptable.
Evades? Tax evasion is a crime, right? Is Biden accusing these corps of crimes?

If so, why aren't they being prosecuted?
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