We know it’s our job to hold politicians accountable, but we’re starting to get a little bit tired. Frankly, there just aren’t enough hours in the day to cover all of them when Joe Biden alone requires so much attention. It’s actually getting difficult to keep track of all of his lies, there are so many of them.
So if you’ll allow it, we’d like to briefly hand the keys to the car over to Carol Roth, who was inspired by this tweet from Joe Biden to call out the Biden White House’s distinguished record of insane, brazen dishonesty:
The fact is we’ve got about 790 or so billionaires in America.
You know what their average tax rate is? About 8%.
I believe that no billionaire should be paying a lower tax rate than a teacher, a firefighter, an electrician, or a cop.
— President Biden (@POTUS) June 14, 2022
You’re gonna want to stick around for Roth’s entire thread:
Important thread: MISINFORMATION and LIES
How does Twitter allow this tweet to stay up given their misinformation policy?
This is not only misleading, it is an intentional, egregious, bald-faced lie.
Read the thread for the breakdown. https://t.co/1XZsUw628h
— Carol Roth (@caroljsroth) June 15, 2022
Carol Roth has gotta lotta problems with the White House, and now, you’re gonna hear about ’em:
I saw this above tweet and went 8%?!
How do I get in on this sweet tax rate?
So, I went to the White House site + looked at their “study”
It was not based on tax records or even income (which is what is tax rates are based on).
The study said they included UNSOLD STOCK… pic.twitter.com/WPN1TDZKDM— Carol Roth (@caroljsroth) June 15, 2022
Recommended
I was confused. What is income from unsold stock? Dividend rates don’t get you there, so what do they mean?
What they are using is not INCOME at all, it is stock appreciation, NOT realized.
This is a made-up proxy of a wealth tax.— Carol Roth (@caroljsroth) June 15, 2022
This is not how income tax works, and it is straight up a lie to say this is an income tax rate for billionaires and portray it as an average tax rate of the "wealthiest" pic.twitter.com/fwLUCf7KKo
— Carol Roth (@caroljsroth) June 15, 2022
Using stock holdings at some point in time and adding estimated gains to income is the equivalent of looking at the gains in the estimated value of your home and saying that is part of your yearly income.
This jeopardizes home ownership, business ownership, etc.— Carol Roth (@caroljsroth) June 15, 2022
This is intentional.
The media has picked it up. They want you to believe billionaires only pay a 8% income tax rate, which is false. They want you to believe it so you give them permission to pass a wealth tax, which they will promise won’t be used on you, but eventually will.— Carol Roth (@caroljsroth) June 15, 2022
Effing nefarious.
Billionaires will find loopholes. The Biden administration wants to hire more IRS agents and lower reporting requirements to $600 (which they did in the American Rescue Plan for sites like Esty, Venmo, etc), not for billionaires, but to come after YOUR WEALTH.— Carol Roth (@caroljsroth) June 15, 2022
… and Twitter does nothing to curb the spread of misinformation and disinformation from the Biden administration.
***
Related:
Join the conversation as a VIP Member