No word if Lois Lerner is coming out of retirement to use the new IRS power exclusively on conservatives.
Biden’s doubling the capital gains tax rate would decrease, instead of increase, federal revenue by $33 billion over 10 years, since investors exploit loopholes to avoid paying high rates, according to analysis by Penn Wharton.
So, Biden needs an additional death tax to grab up “unrealized capital gains” to prevent families from passing down wealth, which communists believe is better spent by bureaucrats.
KEY MONEY GRABS
Top rates on long term capital gains, dividends to 43.4% (record high)
IRS gets annual report on your bank accounts.
Second “Biden death tax” on top of current one for unrealized capital gains.
Top personal income tax rate from 37 percent to 39.6 percent.
New “Seniors and small businesses” 3.8 % surtax on Social Security payments, 401(k)s and pensions, IRA distributions, and small business S-corp and partnership profits for those making more than $400k per year.
Vice President Mike Pence released a document early on January 6, saying he would not block certification of the communist-led Biden election steal.
“Mike Pence didn’t have the courage to do what should have been done to protect our Country and our Constitution, giving States a chance to certify a corrected set of facts, not the fraudulent or inaccurate ones which they were asked to previously certify. USA demands the truth!”
Voting irregularities more than sufficient to swing the election outcome was laid out in a 36-page report by the Director of the Office of Trade and Manufacturing Policy Peter Navarro.
The report states, “patterns of election irregularities… are so consistent across the six battleground states that they suggest a coordinated strategy to, if not steal the election, strategically game the election process in such a way as to … unfairly tilt the playing field in favor of the Biden-Harris ticket.”