By Randy Rossi -
Once again Democrat President Biden told his “Big Lie” to the American people. As he pitches his socialist multi-trillion dollar plan to bankrupt America, he says it will cost America nothing because he will dramatically increase taxes on the wealthy and corporations to pay for it. He then leans down to the mike and says the wealthy “Should pay their fair share”. That is a horrific lie because any informed American knows the wealthy already pay more than their fair share. In fact, thanks to wealthy Americans, over 40% of lower income Americans pay not one penny in federal income taxes to pay for the military which protects them, the roads they drive on, or the airports that they fly out of. Instead of constantly attacking the wealthy who create the jobs and products that we all live on, informed people know that we should thank and praise the wealthy for paying for and supporting the 40% of lower income Americans that pay zero federal income taxes!.
The facts proving President Biden is relentlessly lying to America are overwhelming. There are multiple sources you can use to confirm the truth, but here is a source (Tax Foundation) used on Fox News the other day:
From the Tax Foundation
Income Group Percentage of Federal income Taxes Paid
Top 1% (earn 21% of U.S. income) Paid 40.1% of all federal income taxes
Top 5% Paid 60.3% of all federal income taxes
Top 10% Paid 71.4% of all federal income taxes
Top 50% Paid 97.1% of all federal income taxes
Bottom 40% Paid 0% of all federal income taxes
Think about that for a minute! The bottom 40% of American income earners pay zero federal income taxes while the top 10% of income earners pay 71.4% of all the federal income taxes that fund America. They are paying more than their fair share, they are paying the federal income taxes that the bottom income earners don’t have to pay. President Biden’s lie gets even worse. According to the Tax Foundation, the top 50% of American income earners paid 97.1% of all federal income taxes while the bottom 50% of American income earners only paid 2.9% of all the federal income taxes. Who is not paying their fair share? The lower 50% of all American income earners only pay 2.9% of the federal income taxes that run this country! If all Americans knew the facts, they would be outraged when they see Democrat President Joe Biden lean down to the mike and dishonestly say to the wealthy “Pay your fair share”!! When President Biden says that, he is actually insulting Americans because he is assuming that they are ignorant of the truth and will fall for his lies designed to create hatred for the successful Americans that provide the vast majority of federal income taxes that run this country!
Sadly, it gets worse. Democrat President Joe Biden and his socialist Democrat allies also want to increase corporate taxes saying that they are not paying their “fair share” either. He tries to paint a picture that his proposed tax increases won’t affect anybody earning less than $400,000 a year. But that is a lie too. Corporations live and exist on profits. Without profits they go out of business. If socialist Dems do raise corporate income taxes, those corporations will simply raise their prices to maintain the profits they need to exist. Guess who will pay for those higher prices? Every single American, not the corporations! That means the socialist Dems plan to increase corporate taxes is a tax increase for every single American including you!!! Higher corporate taxes are also why millions of US jobs were shipped overseas. Many other countries are smart enough to know that lower corporate income taxes create more jobs and more jobs create a healthy economy. It is not “rocket science” folks.
So the next time Democrat President Jo Biden leans down to the mike and says the wealthy and corporations need to pay their “fair share”, he is insulting you because he thinks you are not smart enough to know he is lying to you!!!!
