BIDENS PLAN TO AUDIT THE POOR 3X MORE THAN THE RICH
Written by Peter Boykin on October 18, 2021
BIDEN'S PLAN TO AUDIT THE POOR 3X MORE THAN THE RICH
If you were President of the United States, would you focus on making sure the rich or the poor were paying their “fair share” of taxes?
Joe Biden has chosen to harass poor Americans.
According to an analysis of Biden’s new tax plan, the Internal Revenue Service (IRS) is three times more likely to audit Americans making less than $25,000 than people in the top 1% of the wealth.
Biden’s low-income harassment plan is part of his plan to fund the $3.5 trillion dollars in government spending he and the Democrat party are proposing.
Biden plans to direct the IRS to monitor all of your deposits and withdrawals that are $600 or more.
This would cover an estimated 140 million bank accounts and raise about $700 billion in tax revenue from them.
40 American banks are ringing the alarm bells, urging Democrats to eliminate this provision from their bill, saying “without proper explanation of how the IRS will store, protect, and use this enormous trove of personal financial information” it could become a “tremendous liability.”
This story is about Biden attacking working-class Americans, but I want to pivot to the wicked witch of San Francisco, Nancy Pelosi…
Nancy Pelosi responded to the bank’s concerns by saying: “If people are breaking the law and not paying their taxes, one way to track them is through the banking measure.”
What Nancy really means is: She wants every dollar you saved off the books. Did you get married recently? Nancy wants to tax your wedding gifts. Did you spend a weekend plowing driveways with your truck? Nancy wants her tax dollars.
This is the same garbage woman who quietly funnels stock advice to her husband, based on the policy decision she makes in D.C. so that the two of them can rake in MILLIONS of dollars in the stock market [60 Minutes did an expose on this a year ago and she’s still doing it today.]
[Source: The Federalist]
https://thefederalist.com/2021/10/17/under-biden-administration-plan-poor-would-be-three-times-more-likely-to-get-irs-audit-than-1-percenters
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