Thursday, October 29, 2020

JOE BIDEN'S TAX PLAN WILL REULT IN BAKRUPTCY FOR THE MIDDLE CLASS EVERYWHERE!!!

 Submitted by: Craig Maus

Permission to Forward: 

 

There’s an old saying-  

Never Assume because it makes an Ass out of You and Me.’ 

 

Yesterday in talking to a neighbor he made me aware that he didn’t or hadn’t ‘reviewed’ BIDEN’S TAX PLAN. 

 

As such, I thought that MOST FOLKS already understood Biden’s Shenanigans when he said: 

“NO ONE making under $ 400,000.00 will have their TAXES Increased.” 

 

I made the assumption that Most understood what Biden WOULD DO to ANYONE making Under $400,000… was I wrong. 

 

Let me Explain- Did you know that: 

 

1)    In REVERSING President Trump’s Tax Reductions that He and Harris plan TO DO,  that this will Reduce your take-home pay by Returning the Federal Withholding Tax to the level it was at under 
Obama & Biden. 

What does that Mean? 

For the Average American, depending upon the Number of Dependents YOU are declaring, a LOSS of ANYWHERE between $1,700.00 and $6,800.00 a year in  Take Home Money. 

ARE YOU AWARE of that?  

Sure you don’t make over $400,000 but this Tax Reversal HITS YOU/US the Hardest! 


2)    YOUR 401K Plans. 

Are YOU AWARE that Biden & Harris PLAN to put a TAX on YOUR 401’s ? 

(I assume THAT MOST ARE AWARE of how a 401 works but if NOT, let me explain): 

A 401 allows YOU to Defer Federal Withholding TAXES by REDUCING YOUR GROSS INCOME thus allowing YOU to SAVE for YOUR RETIREMENT- that is what it was Designed For. 

  1.  In other words, let us say YOU are making $50,000 a year gross. 
  2.   And let us presume you want to put 10% ($5,000) of your $50,000 a year gross salary aside thru your 401. 

    That REDUCES YOUR TAX RATE, (from your annual salary) from $50,000 to $45,000- A HUGE DIFFERENCE. 

     And if your salary increases, along with your wife’s who can ALSO have a 401 plan, SAVINGS begin to add up fairly significantly. 

     
  3. These deferred monies thru your 401 are ONLY taxed when YOU reach, I believe, the age of 65. 
  4. BUT what BIDEN & HARRIS want to do IS INSTITUTE A TAX ON YOUR 401’s NOW which DEFEATS the Original Purpose of the 401 plans and YOUR ability to save for Retirement. 

    This is IN ADDITION TO THE TAX YOU WILL PAY AT RETIREMENT

    Talk about BAIT & SWITCH! 

     ARE YOU AWARE OF THAT? 

     

3)   The Capital Gains Tax- BOTH for YOU and Corporations…. Do YOU know that BIDEN & HARRIS propose INCREASES 

Do YOU know what that will do? 

President Trump reduced the Capital Gains Tax. 

  1. What that means for YOU on Income that You invested depending upon where you have put it (IRA or Direct Dividends),  
  2. LESS money Being Taxed with MORE TAX DECREASES being proposed by President Trump both for General Income and Capital Gains if re-elected. 
     
  3. BIDEN & HARRIS will impose HIGHER Capital Gains on us ALL. 
     
  4. Do you know the IMPACT that will have on Corporations and YOU as it relates to JOBS & GOOD PAY

    The MORE (Corporations) HAVE TO PAY the Greater the Probability that we will see LAYOFF’S and Companies again Fleeing to other Countries because they … 
    Will NOT be able to PAY YOU- THE Average American the type of salary YOU are deserving of. 

    This is ENTIRELY how it was Before under Those Crooks! 

     4)   Are YOU Aware of the Sur-Tax BIDEN & HARRIS want to IMPOSE on YOUR Real Estate? 


In addition to the State Tax that many States impose on you when you sell YOUR Home, Condo, etc. for more than you paid for it , 

( NOTE: New York under ‘Governors’ Cuomo & Murphy of NJ (DemonRat Pirates) have already instituted, on TOP of the Taxes One has to PAY for ANY PROFITS REALIZEDan EXIT TAX should they sell and LEAVE those States on TOP of ALL ELSE! ) 

 

NOW BIDEN & HARRIS want a Federal Sur-Tax IMPOSED on YOU as well on TOP of EVERYTHING!!! 

 

ARE YOU AWARE OF THAT? 

 

5)   Now to Medicare, etc. 

BIDEN & HARRIS want to INCREASE YOUR MEDICARE, ETC. payments (to PAY FOR ALL the ILLEGALS they intend to INCLUDE on this System effectively Bankrupting it and Putting YOU, the Seniors on Their Federal Plantation) 

  1.  OUR current Deductions are PAID thru and TAKEN out of YOUR Social Security payments. 
  2. Imagine what a wide scale INCREASE in payments will do to ANYONE on a Fixed Income? 

     YOU will be LEFT with NOTHING and Social Security, like Medicare will GO the Way of the Wind thanks to what These MARXISTS are PLANNING. 

     Now I could go on relative to other things but I think YOU have seen what “Those People” intend on DOING! 

     
    Sure ‘THEY WILL ONLY TAX ANYONE over $400,000 but those UNDER $400,000 will be OBLITERATED, Wiped Out & Effectively Destroyed. 

    The LITTLE GUY, YOU AND ME will be NO MORE! 

     
    Again, we Confederates have been following these BANDITS and Ideological Conspirators for Decades. 

    We KNOW what they will do to YOU ! 

    Are Y’all Hearing Us NOW? 

     

    BETTER WAKE UP IN THESE LAST 6 DAYS because, as stated numerous times... America, You, Your Families, Children & Grandchildren’s LIVES Depend on WHO YOU VOTE FOR! 

     

    For GOD, Family and the Republic of the Original Confederation (Confederate) of Sovereign & Independent States, 

    Craig Maus, 

    President, The Confederate Society of America 

    www.deovindice.org 

    ‘Connecting the Dots’ since 1992- Will You Join Our Society & Become a Member? 

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