A Big, Fat Liar
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Photo Credit:
*Image: Zohran Mamdani. Credit: Bingjiefu He via Wikimedia Commons, CC
BY-SA 4.0.*
Bingjiefu He
Zohran Mamdani has admitted listing his ...
14 hours ago
In 2012, Americans will pay $4 trillion in taxes. That is $152 billion MORE than they will spend on housing, food and clothing combined. That’s right, Uncle Sam is now a bigger expense in our lives than the costs of food, housing and clothing combined. So when Obama talks about tax rates being low compared to what they used to be, laugh in his lying face. Sure, rates are lower, but rates don’t tell the whole story. Rates don’t cover tariffs, fees, excise, use and sale taxes, they don’t account for disappearing and fading deductions, they ignore the alternative minimum tax, and they don’t account for a million other hidden taxes and the cost of regulations. (h/t commenterama)