Biden to billionaires: 'You're going to stop paying 3%' tax rate
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- Опубліковано 28 лют 2023
- President Biden announced his intentions to tax billionaires higher than 3% at a speech in Virginia Beach, Virginia on Tuesday, Feb. 28, 203. Biden said, "The idea that they pay at a rate that is lower than the rate of a police officer, a school teacher, a nurse...is bizarre."
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Considering that I pay 24% every week out of my check, I believe that these billionaires should be paying their fair share.
...but those billionaires call the shots when it comes to determining how much tax they don't pay, cos they own politics.
what? you think those billionaires don't own Joe Biden.... are you a joke? this baggot has been in politics for 40 years and he is the one who backed racist laws.
@@None-zc5vg you understand perfectly my friend. It’s too bad a majority of people do not. it’s too bad I can’t buy a politician. Maybe I could change the world in a positive way.
This is just a vote grab… .. u really think he’s going to raise taxes only for billionaires… he’s giving billions of dollars to migrants and other countries… and instead of dealing with that issue or finding some sorta of solution to major issues in this country… he’s like… the rich should pay more then the poor people “look how much I’m trying to help the lil guys” lmfao.. ok Biden.. go get some ice cream.. this is all to just try to get dumb uneducated people to give him support
@@None-zc5vgexactly why we should be voting for people who refuse to take money from corporations until we get enough who can get the big money out of politics like other democracies whose citizens are actually happy
Politicians should be paid minimum wage
No they should live free in public housing, eat prison food and use public transportation. Make sure they know how we live... maybe they'll have some empathy on themselves and in turn we'll live better.
@@jeffreydallas6047a few years ago I watched a video that in one country they live like that I don't remember where but it's Europe.
They are PUBLIC SERVANTS not in it for a pay check but it has changed to how much can I steal
@jeffreydallas6047 I get they should understand that but who would want to be a politician if your life was that poor
@@b19gow76 people who are actually trying to do good in the world instead of for themselves...
He’s only gonna tax middle class cuz we don’t have as many resources as the billionaires to be able to find the loopholes lol. What a load of bs
Yep. Never actually hits the billionaires. Don't forget they are both party's donars lol
Exactly and thats simply why Trump has my vote. I dont care about his words he uses. The fabricated exagerration of him being racist and all the things people say about him that makes them think biden is better. Sorry biden is not better with the economy and technically what bigger political issue is there out there than the economy. It may be one thing but its the biggest thing especially someone like me an average middle class guy whos fed up with being $8000 in debt on my credit card. Fed up with only being able to fill up my gas tank half way. The fact that walmart is impossible to shop at. These are my good reasons to want biden the F out of here
Like Trump said, if you want me to pay more taxes, change the tax law, but you will not because you use them same laws to avoid paying taxes
There is no middle class anymore. Either rich or poor.
Keep in mind, Joes been in political office for decades and couldn’t do this. I guess he wants 4 more years to raise taxes
More than 4 decades
He tried 5 times but was denied by religious republicans
@@glennsuki8440 riiigghhhhtttt
@@glennsuki8440 6th times the charm I guess?
hhhhh,
He is absolutely right and it's not a joke.
Acting like he’s gonna do anything about which he won’t.
@@Puzzled_Moose He's already done something about it. but you wouldn't know because you are far too ignorant.
@@Puzzled_Moose
He been did something about It where you been on Fox News ?
😂
@@Puzzled_MooseYou would know about it if you weren't to blinded by the color of what orange MIGHT TRY TO DO.
@@Puzzled_Moosecry harder, lie less
I will never understand why a person needs more money than they could spend in 10 lifetimes.
Look up the word greed...
@@Pha-qbecause they dont pay their fair share while others foot the bill, it makes zero sense
@@Pha-q “Federal income tax is only one of many taxes Americans pay. Apologists for the rich often minimize this reality by noting that federal income taxes contribute about 50 percent of all federal revenue. That’s deceptive. With state and local taxes included, the Tax Foundation noted, the share of tax revenue from the federal income tax drops to the 25 percent range. The other 75 percent of tax revenue includes steeply regressive federal payroll taxes and state and local sales taxes. When you account for all taxes, as professors Emmanuel Saez and Gabriel Sucman did in their book, “The Triumph of Injustice,” the overall tax system in America is nearly flat, and the 400 taxpayers at the very top - billionaires, that is - pay the lowest overall rate. It was factual, not “demagoguery,” as some have charged, for President Biden to say that billionaires pay lower tax rates than their secretaries.“
@@Pha-q, That is amazing!
I didn’t believe that anyone was still regurgitating that stupid right-wing talking point while still thinking it is good optics for the right !
@@Pha-q, I don’t really CARE who you “say” you voted for, that does not stop the comment from being silly.
The reason why the few pay most of the taxes by dollar amount is because they take in most of the money being generated by the economy.
It is not that the others “don’t pay taxes”, it is just that so much is taken by the few that there is hardly anything left over for the majority and hence, VERY LITTLE to tax them on !
Has Joe Biden or any other politician for that matter ever paid any taxes?
We know Trump don't he admitted it lol
Plenty do. They usually release their tax returns when they run. I think Trump was the only politician that didn’t release them or was hesitant too. Idr if he eventually released his.
@@wesleyhunt1932And? At least he's honest about things and doesn't spout habitual lies.
@jeepsarefun21 that's a lie they never had to show their taxes before Trump!
@@wtfisittoyou What I said is true - most politicians release their tax returns when they run for President. The tradition started with Carter and ended with Trump. Trump claimed he couldn’t release his tax returns because of an ongoing audit. Biden restarted the tradition.
I’m not sure what you mean by “had to” though. As far as I know there is no law that requires the release of tax returns. So if you really mean to say that no other President had to, as in was required to, then you are correct, but nobody is saying it’s a legal requirement.
Billionaires and millionaires are in a 50% tax bracket. They pay that on profit. The 3% is on money they have in the bank.the same amount as everybody else. This is political posturing at its worst.
Thank you for further context, I had a feeling that this is lip service.
Agreed Joe Biden is horrible and we need trump back now
I mean you are right. But there are various ways you "if you have the capital", you can just go around the taxation. Stock, bonds, subsidiaries, hell you can just choose to not get paid in stock not cash, get a tax write off and sell it within a year to 5% taxation.
But I'm not to judge, don't know what's best.
@@Sterling_ClarkSo basically you want to give up your own social benefits so that billionaires can get even wealthier? Why?
Was looking for the comment ❤
3% is not bizarre ... it's an outrage
Joe lied to you, the Billionaires pay the highest tax rate of any Demographic.
Straight facts
They paid 42 percent of tax revenue in 2020. And what the government do with it? Give it to foreign nations. The govt doesn't need more money it needs to stop being so corrupt and wasteful.
... I mean it can be both
@@EdenMisc."erm aktually☝️🤓"
Don’t forget Your son evaded taxes .
Smoke and mirrors..thats all old brandon is good for...you can always tell when hes lying...if his mouth is running,hes lying!
This why Elon and the billionaire class have been so insanely against Biden
can u name another billionaire that is against biden?
@@sebianuu107 Rupert Murdoch, Charles Koch, Robert Mercer. There’s loads of them.
They use social isssues to achieve that goal like migration. People like elon live in gated communities. If you go in there, they will arrest you regardless of if you're a legal citizen or not. It's a game of fooling people to go against their own interests.
@@sebianuu107and Don the Con, if that isn't over inflated like everything else!😅
@@thl205 About a thousand I guess.
Thank you, President Biden. This should have been done years ago. I am tired of paying for their luxury lives while this nurse works 60 hours a week
He’s going to do nothing. Didn’t he run his campaign off this in 2020? He’s telling people what they want to hear.
Thank you for caring for people! ❤ Whenever I’ve been in a hospital, nurses like yourself have been so kind and caring - and I appreciate that so much!
@@TimboCanada Thank you for your comment
how are you paying for their luxury lives? a tax cut is an expense how?
@@Themagalorian yes? This is still that same term do you not realise
FJB forever
Are democrats clueless when it comes to taxes? The rich have assets and credit not money.
And stocks. Don't forget stocks.
Don’t bother, these people are helpless, hopeless and clueless.
No the democrats are not clueless. They too have non cash assets and qualified dividends. It's their gullible voters that are clueless. How many elections have we heard this spiel by liberal con men.
Your Point ?
@@marvin2678point is if you have a house and the price of house is increasing than you would not pay tax on that.
It's absolutely insane that the extreme rich don't pay their share of taxes!
💯 %
GOP ECONOMICS.....
They are going by a tax code, that Biden and people like him put in place, you are thinking Biden and he probably don't pay takes either. Do you think he is going to change the laws so he has to start paying taxes . Anybody that thinks that is not very smart .
@@LOCKHIMUP2024 Absolutely! It helped us go to MINUS $8 TRILLION. It's the best way to get that money back! I remember the day tRump announced lower taxes for the rich. I didn't want to think he was serious! But he wasn't paying his fair share of taxes & he just wanted to make it legal! 💙😾😾💙
@@LOCKHIMUP2024Yes, I believe they spell it loophole.
They can pay higher taxes, and STILL be billionaires!!
No billionaire pays 3%, don't believe the propaganda
They could also pay more taxes for the government to lose trillions more a yr, misspend on everything, and overspend on what helps their stocks hand in hand with lobbiests like they always do and it wouldn't matter a bit.. that would be ironic huh?
The more the gov has to spend (it goes up every yr) the more family members get contracts for 25 million dollar bathrooms in parks that are dilapidated and 5million a pc on more round a bouts. Schools will lose more funding/ programs, kids will be dumber, people poorer.. fun times
The loss and misspending is in giving billionaires breaks. Who do you think are the lobbyists?@@ryancicci1589
You want to have different laws for different people
He is a liar. He is a traitor. He has committed crimes against humanity. He should not be listened to.
Source?
@@user-yp5sw3ud8tliterally the news. 🤦♂️😂
It's not a joke. It's a lie.
Question I have is how many millionaires are in congress that were not when they started?
Probably every single one of them
All of them
True but it's also definitely possible to become a millionaire on senator pay, which is almost 200k a year. Less than 10 years and you can easily be a millionaire just on the salary alone. But y'all act so surprised at simple math.
@@RedceLL1978 their pay is a small part of the benefits that they either receive or what they manipulate. Yes, easy math, but where does it stop? Y'all.
Joseph ROBINETTE Biden is certainly one of them !
I agree completely. Thanks Biden. No more tax cuts for billionaires.
Good luck on that. History shows such sentiments never actually work in real life. The rich will simply move their money or businesses abroad and get a better deal. You then have NOTHING left to tax.
Plus, you really think the Democrat donors are not going to get an exception to this?
I honestly don't care if the billionaires get taxed more, it's not like the government is going to lower everyone else's taxes after raising them on billionaires
Presidents Eisenhower and Truman both taxed the rich and we had the best economies when they did😁👍 Eisenhower taxed them more than Truman did and we had the best economy😁👍
@@henewcom50 Trump had the highest unemployment sents the depression. 3.1 and 2.8 trillion annual deficits. Trump did not have a good economy. It was pretty good at first when he was riding Obama's good economy, but ones Trumps policy and tax code set in it was all downhill from there.
@andrewa2173 you mean once covid started
does everyone realise that 3% of an income of a billionare will most likely be more than almost a month of salary from someone working 9 - 5?
Lol its way more than a measly 4000 dollars dude.
As it should be
This guy has the nerve to talk about people not paying their taxes... Do you mean like your son? Let's Go Brandon!
It's sad that millions of us are forced to suffer and be dirt poor so the super rich don't have to be a little less rich is absurd
Yes, Disposable income. How much do you have left after necessities?
It's wild how few people care about that concept. Too many have nothing after necessities.
*Wait, did you say **_"is absurd"_** because its not true..? Or because its a terrible situation..??* not sure exactly what your stance is..?lol_
🧐🤔😳🤦🏼🙄😆🤷🏼
_Sorry, im stupid lol_
*(Not trying to hate, just want clarification before I hit "like👍🏻" lol)*
#Please_Advise!
The billionaires have that much money bc they create that much value, if you tax them more you may get some moral victory but some of that value is just not going to exist if you make it not worth it to work any harder.
when joe says he's gonna raise taxes , he means your taxes
😅
😅
@@nealwhite5602 intelligent people read the policy instead of assuming who is taxed. It's in writing and we can read...
that’s the most coherent statement that ANY politician has made this election cycle.
And it’d be even greater if he actually kept his word this time. Not that it would make a difference. A million tax loopholes
@@ZachofPotatoes732Biden hired more IRS agents and they are focusing exclusively on the wealthy. It is already working. If Biden says it he means it. It does take congressional approval so vote blue.
This idiot couldn't find a coherent statement at gunpoint!
Ha! ha! ha! ha! ha!
Joe is smarter and more well-spoken than much of the planet.
But most billionaires own or control huge corporations that employ tens of thousands of employees
Except for what he's actually going to do is just raise it on normal people
The big man needs his 10%
Thand. Man. Is. Cazy. Bidem. He. Doed. No. Whant. Do
Always 10% to tha big guy. 😂
In the interest of fairness he'll make sure there are no more billionaires. Except himself, his family and his friends
@@DickDebonairehe can’t be a billion air if he forget the 4 digit pass number of his visa💀
Hahahaha😂😂😂
Well done, President Biden!
The 1% pay more in taxes than any other wage group, look it up. This is election talk from a failing politician. It sure works well with us working class folks though. And, taxing the wealthy ALWAYS ends up taxing the middle class.
Hunter did not pay taxes. Great job Joe. How fake.
Did he manage to not fall down, get lost, shake hands with a ghost, check his watch, speak coherently?
@@kampfer3146What I'm hearing is that you don't have a response to the tax issue 😅
@@hrodebertcoad9848 it ain't saving me any money so I don't care. 👍
49% of people don't pay federal income tax.
it’s not an income. You cannot tax unrealized capital gains. That would be like them taxing you on the appreciation in value of your house. You are not taxed until the property is sold. Duh!!!! Maybe they should just tax the police officer less.
*_He's completely right about this. Everyone should pay taxes according to their personal income and wealth. I appreciate him. A nurse and a billionaire businessman should not pay the same tax. This is a great injustice. Just for this reason, if anyone claims that Joe Biden is a socialist, he should first go and learn what socialism means._*
So you want to add the value of your house/retirement fund/pension to your "income" and get taxed on that because that how he turned 50+% tax bracket into 3%.
So.people should get punished for being successful?!?!
@@6181green When you have more money than you can ever spend it's not success is called hoarding
@@6181green And another question how about somebody they got rich off a ponzi scheme or somebody who got rich by ripping people off?
A successful criminal, criminal being the operative word.
@@felo7343 You mean the Biden’s I assume? They don’t report their incomes. Tax rates make no difference to them whatsoever.
We need to have all politicians pay taxes on their bribes
If 5% of lobbyist money was taxed we would probably get out of national debt within the generation
and quadruple the taxes on their shitass money laundering schemes
@@Brskit they dodge that by establishing foundation charities.. and as everybody knows these foundations are taxed free
If they actually arrested these criminals like the clintons we could just pay off the debt with their bank account
hahahahah😂
These lefties keep stating it wrong. 3% is the percentage paid vs their gross income. Business income is taxed on profits not revenue. Which is after expenses. It ends up being a lot higher than most people when you actually state the figured right.
Yes, businesses are taxed separately, but we're talking about personal, or 'take home', income. Just because you own the business and that business pays taxes on its profits doesn't mean what you bring 'home' afterwards as personal income should be taxed at a lower rate than your employees.
These are two different situations and I wouldn't be shocked if you're just spouting talking points you heard from a corporate/billionaire-backed podcast or news network without any actual knowledge of the subject.
@@Merble you do understand that the vast majority of wealthy people don't have personal income in the first place. Personal Income is taxed the highest so they just simply don't do that. Stock and corporate dividends are the way to go, they are taxed significantly less. Also no billionaire ever has billions of income, personal or otherwise, because that would be stupid. And furthermore according to the IRS the top 1% of earners pay more than 50% of the collected taxes every year. So really if the argument is that they need to pay their fair share, they would happily agree because they'd pay less not more.
I have direct experience with this because i run a contracting business. I never have personal income, i only have business income.
The fact that w2 earners think that billionaires make a similar w2 income like they do, proves people don't understand how taxes work, and how billionaires handle their income and finances. Let's talk about the Biden family and how they don't pay taxes or pay lower tax rate thru their scorps.
Nice, billionaires will pay more in taxes finally but now the poor will have to pay more.
Let’s not forget who lowered taxes for billionaires = dump
Because he is one lol. Why would he do the right thing and tax the rich when it would mean taxing himself? That is the problem with a billionaire having any kind of political power. It shouldn't be allowed. Too biased.
Trump had plenty of suspect policy and broken promises to go after…there is no need to become the man by insulting as he does.
@@k.elysium6819 it’s so disappointing how stupid and gullible people can be
Trump was the second one; Reagan was the first one; since then, they control pretty much all USA economy; and lobby republicans as hell, to keep it that way.
The deception is he lowered your taxes temporary which expires now. His millionaires and billionaires got cuts that have no end date......infinity till a president changes it against odds if Gop Majority. Yeah what a shell game for fools to believe in.
Yes exactly. These billionaires are mentally ill with greed.
😂
For normal people it's a matter of survival. For Billionaires it's just a game of monopoly!
Greed makes everyone nuts.
It’s as if becoming a billionaire strips you of humanity
They aren’t mentally ill lmao they are just greedy
Yet they keep donating to him. Insane
Let punish the rich for being rich
And punish the poor for being poor
This world makes no sense
It's far pass time for the rich and wealthy to pay their fair share. And for Republicans to stop trying to cut social security, Medicare, Medicaid, Veterans benefits and other programs that helps the average American to keep the rich and wealthy and large corporations from paying their fair share.
There are about like 200 or so millionares and billionaires that want their taxes raised because they realize what they have now is unsustainable.
You need to get your head out of the sand, Republicans will not touch social security. Biden is the one who help to pass a bill to charge taxes on social security, once was not enough, so he did it twice. Look it up.
They already pay more lol
The GQP gives them cuts amounting to almost half the government's revenue, then tries to tell us that there's no money for Social Security, health care, education, infrastructure etc. ???
THEN they vote themselves raises, tax cuts and complete retirement packages - all the while taking big corp and special interest money on the side.
Do they think we don't notice?
They want to gut Social Security and Medicare to pay for the deficit cutting taxes creates. Corporations pay nothing in taxes. Steal from the poor and elderly to give more to people already in abundance.
Do it! Billionaires are the highest paid welfare recipients.
No billionaire pays 3%, don't believe the propaganda.
How about stop giving people with 10 kids that never worked and paid taxes $12000 a year in tax returns
the billionaires have all their money in company shares taxing them is almost impossible
Term limits for the House & Senate ... #EndCorruption
Yes
In my opinion, a four term limit would be ideal for the house, and a two term limit for the senate. Terms in the House of Representatives are 2 years long, and terms in the Senate are 6 years long. So basically, 8 years maximum in the house, 12 years maximum in the senate. Enough time to allow experience to be built, while also enough to allow for new faces to run that would represent the inevitable changes in opinions that occured over the previous politician’s terms.
Term limits for billionaires
And drug screening
@@joecorbett7489 including alcohol
I agree. The rich can pay some taxes!
The top 10 percent Pay 90 percent of all taxes collected...
@nickdarago4708 the top 10% make 99% of the money. If they don't get taxed how are we going to be for useless wars and the prison pipeline? We have 4% of the world's population and 25% of the world's prisoners. Most crimes are committed by white collar criminals who own this country.
@@nickdarago4708The 10% of income taxpayers with the largest incomes contribute over 60% of income tax, whilst owning 85% of the wealth. .
@alexvaraderey try 90 percent... but the fact that we have a progressive system means they already pay more than their fair share.. fair share would be a flat tax.
@@nickdarago4708 It doesn't matter how much Billionaires contribute, it does matter they pay their fair share regardless what is collected.
How did he become a multimillionaire?
Money laundering!!!!!!
He means to raise taxes across the board, everyone pays more, except his billionaire donors, of course
I'm gonna go out on a limb here and say most of the commenters on here did not listen to what the president said. He is saying he is going to raise the taxes for billionaires which should raise the standard of living of most Amercans because they will be paying less taxes. Taxes are what pays for our schools, roads bridges, fireman, police officers. Billionaires are hoarding trillions of dollars that could be proving jobs for more people who can pay even more taxes to make life better for everyone instead of a thousand billionaires.
At no time did he say anything about lowering anyones taxes
He said what he said. That he's going to raise taxes on the billionaires. Not a single mention of lowering any one else's taxes.
The Billionaires use all the infrastructure to make the money. Time to pay for it!
Even billionaires are now calling for governments to raise their taxes. The responsible ones understand that the tax rate they have now is not sustainable.
Because he raises taxes on Billionaires doesn’t mean other taxes will become lower. If he raises their taxes to what everyone else is already paying, nothing changes for everyone else. They will still pay what they’re already paying.
Politicians shouldn't be allowed to invest in public trading. It's a gross conflict of interest and provides incentive to act in your own best interests and not the interests of your office.
LIAR
Billionaires should be paying 30% minimum.
One of the things hes doing right honestly. Rich people have gotten away with way too much especially tax evasion. They need to pay their fair share. ITS ABOUT DAMN TIME
They already pay more than their fair share lol
@@nickdarago4708 in what way? As I said there's tax evasion and they will try whatever way to avoid it like tax breaks.
@mlggamer5296 except tax breaks aren't tax evasion lol neither is using all the loopholes and deductions in tax law lol the top 10 percent pay 90 percent of all taxes collected...
@nickdarago4708 They're not the same but either way they are NOT paying their share. More like a decreased amount
@@nickdarago4708 I'd love to see your evidence that rich people pay 90 percent of America's taxes. Where'd you get that from?
Vote blue for a fairer America.
Hell no I love america I would never vote blue
I can't wait for November to vote blue!!
🌊🌊🌊🌊🌊
Yes you are @@ianwillmott3408thanks for pointing that out 👍
@ianwillmott3408 America isn't Trump and Trump isn't America. Being pro America means betraying Trump because he is the opposite of what we aspire to be. Pay attention. Stop swallowing so many lies.
How about vote for a person that has common sense instead of blind party loyalty like youre a brown coat.
Billionairs pay 90% of all taxes in the US
And yet it is never "We will reduce the taxes on the rest of the people".
Gotta get that money back somewhere first. Make the rich pay more then the middle and lower class can pay less
This country has always looked out for the rich off the backs of the working class.
In fairness, pre-Reagan, billionaires were in a 75% tax bracket.
Your are nieve, Noone pays 3%, do your own research, don't believe the propaganda
Thank you, President Biden !!!
hes only doing this to get more votes
🤗👍👏👏👏✨✨
Dishonest politician blabbering
My guy says that while using loopholes not to pay his taxes. 💀
I am no fan of Biden, but I can’t disagree with him on this.
Biden implemented an alternative minimum tax for corporations in the build back better bill. For some reason, as someone who follows politics, I didn't even know about that till recently. It's like capitalist media doesn't want us to know the wins we're getting at their expense, so we think nothing is getting better and vote their guy back into office.
Then vote for him or we lose Democracy & Social Security
@@laurirohr5364 He’s got nothing to do with it. He can’t change the tax code. He can secure the border though…and is the first president ever to not even try to do so. For that alone, he won’t get my vote.
@@hammer3353so you’d rather vote for the insurrectionist who quite literally opposes democracy? please, this is a genuine question.
This is not the only area in which he makes sense. Look at his actual record of accomplishments during his presidency.
The fact people are not having a revolution is astonishingly mind BLOWING
I with you, so how do we kick that one off?
@@catchingwildmeats you kick that off by doing what you just did! By speaking out you show the rest of us that you feel the same way we do!
@@JohnDoe-py7tb shhhhhhh your going to get us kicked off youtuy
Most people aren't insane, so that's probably why.
Just curious, what would the revolution be over?
Billionaires do not make a salary. Therefore they aren’t taxed at the income tax rate. Their wealth is in private investments and stocks that only pay tax when they are actually sold generally at the long-term capital gains rate of 20%. Everyone should know this
Then raise taxes ONLY for billionaires not for the common folk
Anyone who votes for this guy should be cancelled
😂 keep crying. He’ll win in 2024 too… watch
@@ThomasShelby-xz2fk if Biden wins then china Russia n Korea will win big time
@@ThomasShelby-xz2fk so you want an 81 year old w dimentia whom is also over the average life expectancy to run the most powerful country in the world? You’ve gotta be joking if you truly think that’s a good idea
@Thomas Shelby As he imports voters.
Can sense your lack of awareness
@@ThomasShelby-xz2fk damn I feel bad for you
As he should. The ratio of who pays the most percentage of taxes these days in the USA, is a crime.
Billionaires hire accountants to do financial engineering. To pay less taxes😂😂
@@Sataka23clips exactly
Make them pay their fair share. I pay 17% and so should they. No more capital gains tax loopholes
Do some research they actually pay 50% or more on income you only pay 17% they are paying half if not more than half of what they make
This president is a joke
Do you not realize how many jobs billionaires bring to the table? They should be taxed less for all their hard work.
Trump would let them pay 0%
Even worse, he'd give them more money, which he has already done.
@@Mortuus101You also forgot that he also did that for the middle and lower class.
But sure, seethe harder over billionaires because you're lazy lmao.
@@mrgarybusey2052Extreme wealth Inequality is objectively harmful to society. Emotion is irrelevant. Facts are facts.
@@mrgarybusey2052 Umm, no. Go look at how much millionaire and billionaires are paying percent-wise on taxes versus everyone else. It doesn't take rocket science to figure out.
You mean like Hunter?
Best underrated president!
😝😂😭
So that's why muskrat started shilling for Trump
A billionaire doesn’t have a 3% tax rate that’s complete bullshit
Finally!!! Thank you president Biden. TAX THE RICH
For what??? What that benefits for you? Nothing will change for you if the rich paids more taxes.
@@fci2023 because the rich have been cheating the system for decades. It's time they pay their fair share. Donald Trumps tax cut for the rich added 3 trillion dollars to our debt in just his single term. Now closer to 6 trillion added for the unjustified tax cut. TAX THE RICH
@@paulbunyan6024It also doesn't help the 3% tax much. Double the rax and those people pay 6% while billionaires doing the right thing pay over 100%. They need to stop the loopholes not raise tax.
Well he'll have to tax himself due to all the money he got from China ...Remember 10% to the "big guy" ...He's filthy rich from doing dirty deals with the Chinese ,him and his son
Won't happen😂
They need to raise the top income tax rate back to 70% like it used to be.
During Republican Eisenhower Presidency The Top Income Rate Was 91% And Corporate Tax Rate Was A Flat 50%. This Lead To The Rise Of The Real Middle Class And Paid For The Interstate Highway System. Most Jobs Were Jobs For Life With High Pay, Benefits & Great Retirement. The GOP Destroyed It And Gave All the Middle Class Money And Gave It To ThevRich & Corporations🤬
You’re a sick minded individual. In what world would you ever imagine that any man should give up 70% of his earnings to the government? What is wrong with you? How could you ever think this is ok?
And just FYI, there isn’t a single rich individual in the history of this country that has ever paid 70% in taxes on their income not ever. And if you think they have then you are clueless about taxes and the tax code and how corporations work.
unfortunately the reason they pay 3 percent is that they move their money around legal loopholes, according to records they make only average wage, but they get wealthier and wealthier. and its not a crime. its so wild. (they pay lawyers and financers to find out ways.)
Only new money paid the 70% rate. Old money did not.
They don't take much income, it's mostly in stock and options. We need to start taxing wealth to get them to pay
And sent to evil chosen people
Straight up, as here's why.
Political stones. The honesty is refreshing
It’s about time ! The working man pays for it all .
Mr Biden, if you don't end up serving a second term in the US... would you like to come over to the UK and fix our country for us? We could really do with a guy like you in charge!
I sure pray that WE get to keep him another 4 years!!! Will be VOTING BLUE. WE NEED SOMEONE WHO CONTINUES TO BE ON THE SIDE OF THE COMMON PEOPLE !! AMERICA LOVES PRESIDENT BIDEN!!?!
@@juneramirez8580then you should be voting red lol
Take him please 😂
@@nickdarago4708 you wish, I just know better. The red Republicans haven't given me any reason to vote for them. I was taught better than to vote for nasty, know it all, who really know nothing. I saw the changes in the red party years ago. Reason I became an Independent and VOTE BLUE!
@@juneramirez8580 you need someone who is a zombie? cant think cant talk? a nice puppet indeed
The only joke is Biden.
How about you cut our taxes in half. This just makes you sound money hungry.
What needs to happen is for all of those politicians need to stop spending our money like a drunken gambler
Our govt is Frank Gallagher 😂
They have forgotten they are employees of we the people.
Yeah maybe they should spend it on healthcare education and social safety nets for people who grow in poverty
that,s " like a drunken sailor"
@@2024MakeAmericaGreatAgain no we just stopped caring
Trump 2024! But I agree with this. 🎉 😮
Can I pay only 3%? That would fix everything, oh no wait I have to pay 40% lol
Raise those taxes, Joe! No more free rides for the disgusting rich! 🇺🇸💙✊️
Absolutely I don’t know any billionaires and I pay like 28% in taxes I paid the same as a former POS in taxes in 2016. It’s about damn time😢
Yes, this cycle needs to stop. Democrats get in office and champion the working class, the Republicans come along and stick it to the American citizens, while giving their elite friends all the breaks they possibly can. I'm so sick of it. People who vote against their own best interests need to wake up...why do for the wealthy who will do absolutely nothing for you? This makes no sense. They are so easily manipulated it's insane. Trump gave them permission to hate, and it's become their true religion, with an unregistered sex offender as their god. The most insane fiction writer couldn't come up with such a bizzare plot...😒
He’s such a liar. Why do people believe this man. For over forty years he’s not told a truthful thing.
It's not only bizarre, it's also false.
Their income is passive income, non taxable because their debt level is so high... They have deduction due to the high level of debt... Therefore their tax deductions are huge... Your not going to change that... In a capitalistic society this is perfectly legal... A teacher, nurses and police officers do not have the same risk level as a billionaire... The billionaire are smart and employ thousands of people... The tax laws are not going to change...
I have a 2-year degree in accounting and I kind of can understand quite what you're referring to level of debt to how much income taxes you pay.
People who say tax the rich have no idea how the rich handle money, there’s no cash to tax
Lies lies and more lies from the traitor in thief
How about you give the working class a tax cut and tax the billionaires to make up for it..?
The top 1% earners already pay nearly HALF of all taxes. The reason our taxes hit everyone so much is that our politicians can't spend it fast enough. Politicians ARE the tax problem.
@@user-ti6ny2nk9m please quote your sources as the only sources I find that say anything like that are right wing fringe groups. Oh and donald trump and the republicans. You’re totally wrong.
No, billionaires hiring millionaires (pucker carlson, hanjob, etc..) to con simple minded dimwits that they should shoulder the tax burden for the wealthy. It's kinda like Stockholm Syndrome, for taxes...😅
@@user-ti6ny2nk9m😂 Imagine simping for a billionaire
@@sirKonradical Imagine going through life...assuming that your opinion matters. Imagine what type of person it is, that sticks to a narrative, without ever being curious if it's true. Yeah, not for me.
Additionally, my post was supposed to say that "the top 1% pay nearly HALF of all taxes". I omitted the word half.
Then go after Corporate Greed that are artificially keeping prices high just because they can.😡🤬
Flat tax for everyone. 15%. Problem solved.
What is bizarre is that this lie is still being told, and believed.
That will be impossible. Loopholes must be closed which would hurt too many of his friends. More lip service.
it would hurt billionaires like the trump family more.
@@saimaberrii What he is trying to say is these politicians can close the loopholes the billionaires are using but they won’t because their close friends use them and they themselves use it
@@sggbuffistrash3445 that's what biden's saying should be done. That's why he's raising the corporate tax. The only ones arguing against and voting against closing loopholes for billionaires is republicans. Biden would sign that in a heartbeat if congress could pass it.
Exactly!
@@sggbuffistrash3445 Kinda like Trumps retort to Hillary about her donors and friends during their debate? 😁
Billionaires pay 3 percent while I pay more as a nurse.
And I hate when people say "you get it back at the end of the year"... like the hell I do.
@@brianstidd856 that's right...
Everyone who earns enough to actually live on pays a higher percentage than that in taxes.
Okay mr.biden . Sounds great. I hope your friends have the proclivity to pay up 💰💰.
Yes, keep raising them taxes on the poor and middle-class Joe
meanwhile his son pleads guilty to tax evasion. It's not a joke
He’s the one who indicted him
Yep but he is not a billionaire if he was they would not touch him
And he’s been indicted idiot
Yea I mean it’s a less concerning than a candidate for president who has 91 charges and will be convicted next year in Georgia for soliciting election fraud, but it’s still a little concerning
What's your point? He broke the law and is paying the price for not paying his taxes. Donald Trump is getting better treatment than Bidens son under Biden. Lol
He and his cronies are the ones responsible for the tax loopholes
Yep, it's all verbal bluster because they need their rich donors.