Search Results: tax dollars

Trump was also mostly wrong when he said Biden “wants the Trump tax cuts to expire.” Biden said he would extend them for anyone making under $400,000 a year.
Biden repeated his misleading claim that billionaires pay an average federal tax rate of 8%. That White House calculation factors in earnings on unsold stock as income.
Trump repeated his false claim that “everybody,” including all legal scholars, wanted to end Roe v. Wade’s constitutional right to abortion.
Trump falsely claimed that “the only jobs” Biden “created are for illegal immigrants and bounced back jobs that bounced back from the COVID.” Total nonfarm employment is higher than it was before the pandemic, as is the employment level of native-born workers.
Biden claimed that Trump oversaw the “largest deficit of any president,” while Trump countered that “we now have the largest deficit” under Biden.. scientists agree that climate action is still possible after passing the threshold.
Trump said immigrants crossing the border illegally were living in “luxury hotels.” New York City has provided hotel and motel rooms to migrant families, but there is no evidence that they are being placed in “luxury” hotels.
While talking deficit, Trump claimed "he largest deficit with China.” In 2023, the trade deficit in goods and services with China was the lowest it has been since 2009.
Trump wrongly claimed that prior to the pandemic, he had created “the greatest economy in the history of our country.” That’s far from true using economists’ preferred measure — growth in gross domestic product.
As he has many times before, Trump wrongly claimed, “I gave you the largest tax cut in history.” That’s not true either as a percentage of gross domestic product or in inflation-adjusted dollars.
Trump contrasted his administration with Biden’s by misleadingly noting that when he left office, the U. S. was “energy independent.” The U. S. continues to export more energy than it imports.

The US Tax Code with regulations and guidance is about SEVENTY FIVE THOUSAND pages long.

Not a single person in the country knows even a fraction of what is in it. And even the EXPERTS who DO know parts of it often disagree about their interpretation.

Yet, if you don't follow every rule, file every form, pay every penny, you will be fined or worse. How can people comply with something no one even understands? That just sounds unconstitutional.

We didn't even have a regular income tax until 1913 and every year since the tax code has gotten broader, bigger, more onerous and more impossible to comprehend. It has given the government more and more intrusion into you privacy and your life, taken more an more of what YOU earned to be spent by someone else and consumed more and more of your precious time to have to deal with.

Now we are paying tens of billions of dollars to pamper and attract illegal aliens? Who wants this stuff to happen? Not the ordinary citizens. So who?

Does this even sound like America to you?

What ever happened to "Land of the free?" How are you free when the average American in 2024 will be giving every penny they earn From January 1 to April 18th to the government? You are having FOUR MONTHS of your hard work stolen every year.

It's bad enough you are being robbed. But you also need to hire someone to figure out how much they will rob? Are you kidding?

This is unAmerican. We need to SCRAP the income tax system and come up with one that is not filled with corruption and that is simple and comprehensible to the average American.

It's not only a matter of fairness, it's a matter of FREEDOM!