The Conservative Cave
Current Events => The DUmpster => Topic started by: BannedFromDU on April 18, 2022, 09:50:08 AM
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Fri Apr 15, 2022, 06:34 PM
Star Member brooklynite (77,656 posts)
Biden releases tax return, reports paying 24.6 percent rate
Source: Politico
President Joe Biden and his wife paid $150,439 in federal income taxes on $610,702 in 2021 earnings, they said in a tax return released Friday.
That translates into an effective rate of 24.6 percent.
The Bidens also reported giving $17,394 to charity.
The release comes before the April 18 filing deadline, and it marks a continuation of what had been a decades-old tradition of presidents voluntarily releasing their tax returns that had been broken by former President Donald Trump.
Read more: https://www.politico.com/news/2022/04/15/biden-tax-return-00025643
See, I thought the rich, like the Bidens, who have income of over $600k but who have in-kind income of MILLIONS, should be taxed at 90%, like they claim people paid during the Eisenhower era. (https://www.democraticunderground.com/10142904476)
Instead, DU is trumpeting this super-low average tax rate.
So they're full of shit: if you make, say, over $500k, your "fair share" according to DU is less than 25%. Not 90% or whatever they've droned on about for years.
Thanks, DUmmies. **** off now.
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Not only that but they netted $450K+ and gave less than a measly 4% to charity, f'n cheapskates.
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See, I thought the rich, like the Bidens, who have income of over $600k but who have in-kind income of MILLIONS, should be taxed at 90%, like they claim people paid during the Eisenhower era. (https://www.democraticunderground.com/10142904476)
Instead, DU is trumpeting this super-low average tax rate.
So they're full of shit: if you make, say, over $500k, your "fair share" according to DU is less than 25%. Not 90% or whatever they've droned on about for years.
Thanks, DUmmies. **** off now.
PS - if your average tax rate is < 25%, the portion of your income taxed at 90% marginal rate is really small, or the marginal tax rate on the first dollars earned is really tiny. So spare me, DUmmies.
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The release comes before the April 18 filing deadline, and it marks a continuation of what had been a decades-old tradition of presidents voluntarily releasing their tax returns that had been broken by former President Donald Trump
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This is what they are really "proud" of.
Make note of "voluntarily" and "tradition", DUmmies. Not "required" like you buffoons claimed with Trump.
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President Joe Biden and his wife paid $150,439 in federal income taxes on $610,702 in 2021 earnings
But the crooked sob didn't pay a penny on the tens of millions he got under the table from Russia, China and the Ukraine. :mad:
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Not only that but they netted $450K+ and gave less than a measly 4% to charity, f'n cheapskates.
It did go to the human fund, so that's nice
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It’s also embarrassing that on an income of over $600K they only gave $17,400 to charity. At minimum they should have given $60K.
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