Harris says we should all “end up at the same place.” Equality of outcome. This is full blown Marxism. Plain as day. https://t.co/URmPI1RnsN
— Matt Walsh (@MattWalshBlog) November 2, 2020
So she's openly making the argument that inequality of outcome is in and of itself inequity. Which is called communism. https://t.co/IJ5OKJwpOw
— Ben Shapiro (@benshapiro) November 2, 2020
Biden/Harris closing argument —>
❌ Raise taxes
❌ Make paychecks smaller
❌ Eliminate opportunity zones
❌ Hurt familiesBAD FOR AMERICA!pic.twitter.com/b6aeCXvBI7
— Erin Perrine (@ErinMPerrine) November 2, 2020
Marxism is strong in today’s Democrat party. This is because their base is composed of frustrated losers.
The truth about Trump’s tax cuts by the numbers, not by Biden: Andy Puzder
Democratic presidential nominee Joe Biden often talks about repealing President Trump’s “tax cuts for the wealthy,” claiming in a recent town hall that “about $1.3 trillion of the $2 trillion of the tax cuts went to the top 1/10th of 1 percent” of earners. But did the Tax Cuts and Jobs Act (TCJA) disproportionally benefit high earners? Comparing the income tax data for 2017 (the year before the TCJA became law) with 2018, clearly demonstrates that it did not.
According to the nonpartisan Tax Foundation, the TCJA reduced effective tax rates “for all income groups in 2018.” Because we have a progressive tax system, high earners pay the highest rates and received the largest rate reductions. However, lowering rates for a group of taxpayers does not necessarily reduce their share of the tax burden.
White House chief of staff Mark Meadows discusses a potential second wave of coronavirus and President Trump’s economic policies for manufacturing.Video
Let’s look at the TCJA’s impact on the top one percent of taxpayers. In 2018, 1.6 million taxpayers reported earning $500,000 or more. While the amount all taxpayers owed the IRS in 2018 declined by $64 billion, the amount these high earners owed increased by $16 billion.
Their share of the tax burden also increased. They accounted for 22 percent of total income in 2018 (a 0.5 percentage point increase over 2017) but their share of total income taxes rose to 40 percent (a 2.3 percentage point increase).
BIDEN TAX HIKE WOULD ACCELERATE EXODUS FROM HIGH-TAX STATES, EXPERTS PREDICT
By the way, you read that right. About 1.6 million, or one percent of all taxpayers, bore 40 percent of the income tax burden due to the federal government.
Former Reagan economic adviser Art Laffer discusses President Trump and Joe Biden’s economic plans.Video
So, as a result of the TCJA, high earners paid more taxes to the government, while everyone else paid less. They also paid a larger percentage of all taxes, while everyone else paid a smaller percentage.
Harris says we should all “end up at the same place.” Equality of outcome.
Hungry, shivering without NG in the winter, rolling blackouts. Damn no thanks CommieLA.
@kitt: Do we all have to screw our bosses to wind up where she is?
@July 4th American: It’s not like Democrats aren’t aware but the top 20% of earners pay about 80% of the taxes. They just like to lie about that to promote class envy, divisiveness and hate. But, one thing they DON’T seem to know is that many of those “high earners” are small businesses. Like with large corporations, raising taxes on them does not force them to pay more in taxes; they don’t pay a dime. They pass taxes along to the consumer as Cost of Doing Business. So, the consumer pays the taxes… unless a foreign company offers the same product cheaper, since they DON’T pay those punitive taxes. Then, the businesses either move overseas (shedding jobs) or they go out of business (shedding jobs). But, again, Democrats don’t understand a bit of this. They just love to tax. They love for others to earn so they can step up and take.