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Wednesday, April 20, 2016

Bernie A Top Two Percenter Not Paying Fair Share Of Taxes


Bernie Sanders has spent the past six months campaigning for President as Karl Marx’s surrogate.  His entire campaign rants are focused on the premise that the “rich” don’t pay their fair share of taxes.
Turns out he’s "the rich" and yes, he doesn’t pay his fair share of taxes!

The Washington Post produced one of the best examples of Pravda Press coverage in their distortion of Bernie Sanders income and taxes paid.
Sanders and wife report $200,000 in income and paid 19.6% taxes.
https://www.washingtonpost.com/news/post-politics/wp/2015/06/30/on-tax-returns-sanders-and-wife-report-200000-in-income-mostly-from-his-senate-post/
Really?

Sanders reported receiving $156,441 from his Senate job, after contributions to a savings plan and health insurance (that’s income: how much was that?).
The couple reported receiving another $46,213 in Social Security benefits, of which $39,281 was taxable.
Sanders also reported income of $4,982 from the pension he receives having been mayor of Burlington, Vt., in the 1980s.
And his wife had another $4,900 in compensation for sitting on a commission devoted to the management of low-level radioactive waste disposal.

THEREFORE THE FAMILY INCOME WAS: $212,536+
That’s rather important because it places Bernie in the top 2% of US family income!
Pretty good for a Socialist ranting about those “rich” people.
$220,000 Income is top 2% of US household income
http://www.mybudget360.com/how-much-average-household-income-us-recession-income-distribution/

The Washington Post continued their Pravda Media coverage with the following review of Bernie’s taxes.
According to his tax forms, Sanders and his wife paid $27,653 in federal income tax and another $7,903 in Vermont income tax last year. The couple paid an effective tax rate of 19.6 percent on their federal taxable income of $140,994.

NO!  That’s NOT It!  Bernie is ranting about the Federal Tax Code and FIT and nary a word or inference to any State taxes some of which do not have any income taxes.

Bernie’s FIT Income = $212,536+. (A top two-percenter)
He paid $27,653 in FIT
Therefore he paid a measly 13% in Federal Income Taxes FIT!
Clearly Bernie is a top 2% who isn’t paying his fair share of Taxes!
Talk about a Leftwing Hypocrite!
Karl Marx would be so disappointed in his protégé!

For The Record, For Bernie and all his cronies:
The top 10 percent of taxpayers paid over 70% of the total amount collected in federal income taxes in 2010, the latest year figures are available, according to the Tax Foundation, a think tank that advocates for lower taxes. That's up from 55% in 1986.
http://money.cnn.com/2013/03/12/news/economy/rich-taxes/
AND
47% or 77.5 Million Households Are Not Paying Any Federal Income Taxes At All
http://www.cnbc.com/2015/10/09/
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http://roanokeslant.blogspot.com/2016/02/bernies-victory-speech-communist.html
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http://roanokeslant.blogspot.com/2015/10/reflections-on-democrat-cnn-hillary.html
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