BIDEN'S TAX PLAN EXPLAINED:
Joe Biden says he wants to tax the rich (Those making over $400,000 a year) and corporations --- Let me explain why this will cost you more money than it will cost the corporations: Let's say Walmart makes a Billion Dollars a year, and Joe decides to take away 10% of that, do you really think the powers that be, at Walmart, will say "Wow - what a great thing it is that we make less money" .... Probably not, so what will they do to make up that hundred million dollars (You got it) they will raise the prices, but because of the "New" tax structure they will need to raise the price about 12% to recover that hundred million Biden took, for the government. Not only that you will pay higher prices, but you will also pay additional sales tax because the retail price is higher -- So that 10% old Joe took from the corporations, will cost YOU between 12% and 15%
depending on where you live. Now you might say well the rich will pay the higher price too, and you are right, but here is the catch, the average working person spends 98% of his income, while the wealthy spend roughly 60% of their income -- Taxing corporations benefit the rich, shifting the tax burden to the middle and lower class, but in a sneaky, roundabout way -- Believe me the Liberals know this, they are just hoping that you don't.
What about taxing people with incomes over $400,000: These are doctors, lawyers, business owners, maybe even the guy that owns the company you are working for. None of these people got up this morning willing to accept less money at the end of the week, so what will they do? .... Raise the prices for their services, layoff employees, freeze wages, cut benefits, cut hours -- Or more likely a combination of all of the above -- Again, guess who is paying the tab in the long run -- YOU ....... Don't be fooled by promises of free stuff or more government benefits, there is no such thing as a free lunch -- you WILL pay for it all in the end (And if you get politicians involved) there is going to be a massive "Administration fee" meaning you will pay more and get less.
In easy-to-understand terms, you will make less and pay more in this plan, bc the burden always comes back to the 99% that are not in the 1%. Get all your facts together people before you go and vote!!
Joe Biden says he wants to tax the rich (Those making over $400,000 a year) and corporations --- Let me explain why this will cost you more money than it will cost the corporations: Let's say Walmart makes a Billion Dollars a year, and Joe decides to take away 10% of that, do you really think the powers that be, at Walmart, will say "Wow - what a great thing it is that we make less money" .... Probably not, so what will they do to make up that hundred million dollars (You got it) they will raise the prices, but because of the "New" tax structure they will need to raise the price about 12% to recover that hundred million Biden took, for the government. Not only that you will pay higher prices, but you will also pay additional sales tax because the retail price is higher -- So that 10% old Joe took from the corporations, will cost YOU between 12% and 15%
depending on where you live. Now you might say well the rich will pay the higher price too, and you are right, but here is the catch, the average working person spends 98% of his income, while the wealthy spend roughly 60% of their income -- Taxing corporations benefit the rich, shifting the tax burden to the middle and lower class, but in a sneaky, roundabout way -- Believe me the Liberals know this, they are just hoping that you don't.
What about taxing people with incomes over $400,000: These are doctors, lawyers, business owners, maybe even the guy that owns the company you are working for. None of these people got up this morning willing to accept less money at the end of the week, so what will they do? .... Raise the prices for their services, layoff employees, freeze wages, cut benefits, cut hours -- Or more likely a combination of all of the above -- Again, guess who is paying the tab in the long run -- YOU ....... Don't be fooled by promises of free stuff or more government benefits, there is no such thing as a free lunch -- you WILL pay for it all in the end (And if you get politicians involved) there is going to be a massive "Administration fee" meaning you will pay more and get less.
In easy-to-understand terms, you will make less and pay more in this plan, bc the burden always comes back to the 99% that are not in the 1%. Get all your facts together people before you go and vote!!
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