President Biden got an instant fact check from Twitter on Friday after he posted his “let me give the facts” tweet.
In his tweet, which he claimed was giving his followers “the facts,” Biden asserted that 55 corporations made $40 billion in 2020 and “paid zero in federal taxes.”
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Fox Business reports: The tweet included context added by readers, noting that Biden’s Inflation Reduction Act imposed a minimum tax on corporations with average pre-tax earnings greater than $1 billion.
It noted that of the 55 corporations mentioned by President Biden, only 14 had earnings greater than $1 billion and would be eligible under Biden’s tax law.
President Biden signed the Inflation Reduction Act into law in August 2022. The law, a trimmed-down version of the president’s $1.75 trillion Build Back Better plan, was signed amid historically high levels of inflation.
Among its many provisions was incorporating a 15% minimum corporate tax for companies earning more than $1 billion per year.
The bill also granted an $80 billion boost to the Internal Revenue Service (IRS) over a 10-year period, with more than half of the funds intended to help the agency crack down on tax evasion by hiring 87,000 new agents and staff.
Niamh Harris
There should be limits placed on personal wealth and corporations need to be reined in very badly before they take over the whole world. It will need military intervention to dismantle the big 3 m
READ MY NAME . . . Protocols of Zion: Protocol XXIII – Instilling Obedience
That the peoples may become accustomed to obedience it is necessary to inculcate lessons of humility and therefore to reduce the production of articles of luxury. By this we shall improve morals which have been debased by emulation in the sphere of luxury.
http : // www . renegadetribune . com/protocols-of-zion-protocol-xxiii-instilling-obedience/ https://uploads.disquscdn.com/images/723579dc77f664d56152e525a7eb70a19cca0326f7450f5401e670f59338d147.jpg
Synagogue of Satan!
The roman s were who Jesus, the Jew Son of God called the synagogue of Satan. The Romans hate the Jews because they rejected Roman paganism. So they infiltrated the Jewish Temple and subverted it. Jesus lost his temper with them That’s why they crucified him They hate the truth. Still do.
READ MY NAME . . .
https://uploads.disquscdn.com/images/7b650fd0400442dcec5b96c478fb38b162755d6f70c891a7296dadc00964f7dc.jpg
Sure… it’s not that it was taken from Babylonian Talmud which is a pure satanic religion, nope nothing to see here people cause this troll has some rewritten history to push. Totally normal when they hump demons at the whining wall too totally normal and it’s all the Romans fault. Just wow! that coolaid must be good!
Satan is a Hebrew god . . . Satanism is a Jewish cult.
https://uploads.disquscdn.com/images/32817846c8e980871a846b006fb952ca572a764b71f3826e89922865043b2eca.jpg
Protocols of Zion: Protocol XXIII – Instilling Obedience
That the peoples may become accustomed to obedience it is necessary to inculcate lessons of humility and therefore to reduce the production of articles of luxury. By this we shall improve morals which have been debased by emulation in the sphere of luxury.
http : // www . renegadetribune . com/protocols-of-zion-protocol-xxiii-instilling-obedience/ https://uploads.disquscdn.com/images/723579dc77f664d56152e525a7eb70a19cca0326f7450f5401e670f59338d147.jpg