News Ticker >
[ December 8, 2019 ]

Trump on Boycott of Jewish State: Americans will not stand for it

[ December 8, 2019 ]

TEN More Jihadis Arrested in Pensacola US Naval Base Islamic Terror Attack, 3 DEAD, 8...

[ December 8, 2019 ]

Pennsylvania: Muslim State Rep Charged with Perjury and Theft Illustrates the Dangers of Identity Politics

[ December 7, 2019 ]

Saturday Night Cinema: From Here to Eternity (1953)

[ December 7, 2019 ]

Jihadi who killed three at Pensacola naval station ‘hosted dinner party with three fellow Muslim...

[ December 7, 2019 ]

Trump tweets “Great Jobs Report!” as U.S. adds 266,000 jobs—Trudeau tweets nothing about economy as...

[ December 7, 2019 ]

Pearl Harbor Remembrance Day 2019: Historic photos of Pearl Harbor attack on December 7, 1941

[ December 7, 2019 ]

Self-loathing Jew Sanders Aide’s Hires Antisemitic, Homophobic, Racist

[ December 7, 2019 ]

Jihad-Rep. Rashida Tlaib wears terrorist symbol on the House floor while opposing existence of Jewish...

[ December 7, 2019 ]

Pensacola Naval Base: Muslim terrorist quotes Bin Laden in justifying slaughter, said US was committing...

TAX THE POOR: Commie Bernie Promises To Raise Taxes On “Anyone Making More Than $29k”

165

You didn’t think that Bernie would only tax the rich did you? When Marxist’s such as Bernie Sanders say they will only tax the rich, then you better watch your wallet. There are not enough rich people to pay for Bernie’s insanity. Not even close. The American middle class will pay a very big price if Bernie Sanders is elected POTUS.

Bernie Promises To Raise Taxes On “Anyone Making More Than $29k”

By Bongino.com, November 26, 2019:

A lifelong socialist, Bernie often gives us the impression we could afford the world if only we taxed “millionaires and billionaires.”

He’s at least partially woken up to fiscal reality, and revised “millionaires and billionaires” downwards to $29,000.

Explaining additional taxes needed to fund his Medicare for all program, Bernie proposed effectively a new payroll tax of 4% on all income above $29,000. “What we will do, is have a 4% tax on income, exempting the first $29,000… What that means is that you are the average family earning $61,000 a year, that means we’re going to tax you on $31,000 at 4%.”

Or in other words, a new tax of $40 per $1000 earned after $29,000.

While this could be a fine deal for some, it does prove that contrary to the claims of the other Democrat front-runner. When Elizabeth Warren was asked about paying for her Medicare for all plan, she shortened “millionaires and billionaires” to just “billionaires.”  “It doesn’t raise taxes on anybody but billionaires,” Warren told reporters when asked what income bracket she defined as middle class. She added, “And you know what? The billionaires can afford it.”

In a country like Sweden, which has the entire array of social programs Bernie wants to bring to the U.S., the lowest tax bracket is 32%, and there’s a national sales tax of 25% on top of that.

I’ve found that whenever a politician tells you how much something will cost, or how much they’ll raise your taxes by, it’s a good idea to at least double that estimate. In this case, maybe quadrupling…

The Truth Must be Told

Your contribution supports independent journalism

Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.

Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.

Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.

Please contribute to our ground-breaking work here.


Make a monthly commitment to support The Geller Report – choose the option that suits you best.

Contribute Monthly - Choose One

Have a tip we should know? Your anonymity is NEVER compromised. Email tips@thegellerreport.com

Pin It on Pinterest