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President* Biden: no one earning less than $400,000 will pay a single penny more...!

Posted on 12/1/21 at 7:02 pm
Posted by Seldom Seen
Member since Feb 2016
39990 posts
Posted on 12/1/21 at 7:02 pm
LINK
quote:

President Biden
@POTUS

1h
United States government official
Under my Build Back Better Act, no one earning less than $400,000 will pay a single penny more in federal taxes.

But 55 of the largest companies — that paid zero in federal income taxes last year on $40 billion in profits — will finally start paying their fair share.
Posted by Dawgfanman
Member since Jun 2015
22220 posts
Posted on 12/1/21 at 7:04 pm to
He didn’t mention all those earning over 400,000 with big expensive homes in the NE who will get a huge tax break.
Posted by Black Hole
Member since Nov 2021
140 posts
Posted on 12/1/21 at 7:06 pm to
quote:

no one earning less than $400,000 will pay a single penny more in federal taxes.

A flagrant lie

quote:

But 55 of the largest companies — that paid zero in federal income taxes last year on $40 billion in profits .

Also, a flagrant lie. He can't name a single one that falls into this category.
Posted by Civildawg
Member since May 2012
8549 posts
Posted on 12/1/21 at 7:06 pm to
Like I’m not paying more now with inflation and the stock market crashing?
Posted by UAinSOUTHAL
Mobile,AL
Member since Dec 2012
4826 posts
Posted on 12/1/21 at 7:29 pm to
He’s a lying sack of shite. With the inflation we are having the tax tables have been increased for all taxpayers.
Posted by CGSC Lobotomy
Member since Sep 2011
79978 posts
Posted on 12/1/21 at 7:30 pm to
You don't pay taxes on profits. You pay taxes on revenue. Profit exists after taxes have already been paid. Economics 101.
Posted by Bulldogblitz
In my house
Member since Dec 2018
26774 posts
Posted on 12/1/21 at 7:40 pm to
But if you don't "earn" it....
Posted by memphis tiger
Memphis, TN
Member since Feb 2006
20720 posts
Posted on 12/1/21 at 7:43 pm to
quote:


President* Biden: no one earning less than $400,000 will pay a single penny more


Except for higher gas prices, higher utilities prices and higher grocery prices.
Posted by LRB1967
Tennessee
Member since Dec 2020
15438 posts
Posted on 12/1/21 at 7:46 pm to
Good thing his nose doesn't grow when he lies!
Posted by TigerAxeOK
Where I lay my head is home.
Member since Dec 2016
24675 posts
Posted on 12/1/21 at 7:51 pm to
quote:

no one earning less than $400,000 will pay a single penny more*...!

...well,, except for fuel, electric, gas, water, groceries, medicine, sundries, Christmas gifts, electronics, new and used vehicles, television and video, phone bills, medical care, lumber and building materials, event tickets, subscriptions and internet...

You'll pay more for those things. But nothing else!!
Posted by Speckhunter2012
Lake Charles
Member since Dec 2012
5774 posts
Posted on 12/1/21 at 7:57 pm to
quote:

that paid zero in federal income taxes last year on $40 billion in profits — will finally start paying their fair share.


Hey Brandon - ? % tax at 40 Billion < 3 Trillion or 1.7 Trillion or WTF it is. Where is the other money coming from? Please tell.
Posted by Swamp Angel
Georgia
Member since Jul 2004
7245 posts
Posted on 12/1/21 at 8:00 pm to
quote:

Good thing his nose doesn't grow when he lies!


Biden makes Clinton look like "Honest Abe" or a young George Washington who "could not tell a lie." If Biden says it, you can bet that the exact opposite is the truth.
Posted by thejudge
Westlake, LA
Member since Sep 2009
14037 posts
Posted on 12/1/21 at 8:02 pm to
I pay 400/month more than I did in January.


*I haven't done November's consolidation of costs so I'm sure it will be higher now.
Posted by lsu13lsu
Member since Jan 2008
11474 posts
Posted on 12/1/21 at 8:15 pm to
*needs access to $600 bank transactions
Posted by back9Tiger
Mandeville, LA.
Member since Nov 2005
14130 posts
Posted on 12/1/21 at 8:16 pm to
These fricking lying democrats keep saying fair share when they know damn well, they have no idea what that means….
Posted by AUauditor
Georgia
Member since Sep 2004
981 posts
Posted on 12/1/21 at 8:22 pm to
quote:

You don't pay taxes on profits. You pay taxes on revenue. Profit exists after taxes have already been paid. Economics 101.


Not sure if I get what you are saying…but a minor part of the entire thread.
Posted by bhtigerfan
Baton Rouge
Member since Sep 2008
29409 posts
Posted on 12/1/21 at 8:23 pm to
quote:

that paid zero in federal income taxes last year on $40 billion in profits
Taxes on $40 billion? How much will this raise?

These morons are trying to pass a $1.8 trillion bill. Where the frick is that going to come from?
Posted by Zarkinletch416
Deep in the Heart of Texas
Member since Jan 2020
8369 posts
Posted on 12/1/21 at 8:41 pm to
Joe Biden lies. Hillary Clinton Lies. Bill Clinton lies. Susan Rice lies. All documented liars.

Democrats lie. Want to know the really bad part about all this? The American People let them get away with it. It's like, well they lie, so why can't I?

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