Wednesday, May 5, 2021

Biden & Taxes

 FIRST OF ALL...

All Americans, except for illegal immigrants, are going to be paying more in taxes this year because Biden removed all of Trump's tax cuts...

The proposed taxes for Americans making $400,000 were not based upon individuals but upon families...  so, more taxes in that bracket will be paid as well...

Biden will be increasing the following taxes:

  1. gasoline tax
  2. sales tax
  3. capital gains tax
The first two will be felt by all Americans who drive gas burning vehicles or who buy goods and services in America...


Capital Gains Taxes will be paid by all Americans who sell their investments at a profit (the Feds don't give a shit about loses) and/or all Americans who sell their homes for a profit (again...  the Feds don't give a shit about loses)...

RIGHT THERE...  BIDEN LIED THREE (3) TIMES TO THE AMERICAN PUBLIC...

Unintended Consequences:
If the wealthy are not smart enough to hide their monies in tax free off-shore bank accounts, then they deserve to pay more in taxes; however, I think they are smart enough which means as soon as Biden realizes he is not taking in the taxes he NEEDS to pay his increased expenses, he will have no choice but to lower the tax brackets in which increased taxes are being assessed...  this means, a majority of ALL AMERICANS will eventually be paying higher taxes.

WAKE UP AMERICA...

No comments:

Post a Comment

BEGINNING TODAY

All postings for this blog will appear on my blog:  JOURNAL FOR DAILY PAGES....  all of the internal page links have been switched.  This bl...