Biden Allowed Trump To Pay So Little Taxes

Joe Biden has come out with an unsurprising attack on Donald Trump for paying just $750 in Federal Income Tax, with reports that Trump paid virtually no FIT for the 10-15 years prior, due to bad business affairs.

And while it is an unfair system that sees Trump and other millionaires pay so little tax, it must be pointed out that in 2016 Joe Biden was the Vice President of the USA. He has been the VP since 2008, which is possibly the last time Trump paid FIT, though more details will surely come out over the coming weeks.

Joe Biden has spent 8 years as VP, and decades as a Senator, overseeing the various tax loopholes that allow millionaires and billionaires to get away without paying their fair share of taxes. Yet here he is today saying that millionaires and billionaires need to pay their fair share of taxes.

Joe has had ample time to ensure that the super-wealthy pay "their fair share", but has decided to wait until little over a month before the Presidential Election to finally decide to care about this issue.

Most people can see that this is going to become a focal point of this campaign, with Biden playing up that most Americans have paid more than the President in FIT. It is likely that even more information will come out over the coming weeks, with FIT being the focus. But there are more taxes that Trump's businesses pay, other than his personal taxes, including various taxes on his businesses around the world, such as his golf course in Doonbeg, Ireland. It will be interesting to see if these figures are too released over the coure of the remainder of the campaign.

What this shows is that neither candidate is really willing to tackle the issue of tax loopholes used by the wealthy, because one candidate clearly benefits financially, and the other hasn't done so in his long political career.

Comments

What's The Beef With Beef ?

The Irish Beef Industry has been going through turbulent times recently, most notably because of the proposed Mercosur deal and the prices farmers receive for their cattle. We haven't even reached Brexit yet, and are still weeks out from the latest withdrawal deadline, and beef farmers are at their wits end. But how has it got to this and can farmers cope if there is a no-deal Brexit? Farmers' incomes are under threat, not just because of the reasons outlined above, but also because of the threat to grants which keep small and medium farms in business. The recent EU elections have seen the status quo remain in the European Parliament, with parties of the right keeping their large dominance of the union. There has been some debate surrounding the EU's agricultural plan over the course of the previous five year parliament, particularly regarding the EU's farm subsidy. Now that the elections are over, the EU government could proceed with plans which could see a standard ...

A 2023 Election Not To Be Ruled Out

With the Fianna Fáil, Fine Gael, Green Party coalition now entering its third year of a maximum five-year term, many are of the opinion that the trio will ride out the rather undesirable polling figures and wait until the last possible moment to call another general election. Another common opinion is that an election will be called in the second half of 2024, how late in that half dependent on the results of the European and Local elections in May of that year. Both valid points, particularly the latter; a bumper budget in October, semi-decent canvassing weather, and pre-empting the inevitable winter healthcare crisis, all make for a workable scenario for the government parties. However, strategically speaking, taking those points and applying them to October 2023 may make more sense for Martin, Varadkar, and Ryan, should they be willing to gamble their final year of the term for the prospects of another five-year stint running Leinster House. Despite current polling having ...

Schrodinger’s Election: Can an election be both good and bad at the same time?

Two elections took place in Ireland last Friday (Three in Limerick, which also had its first Mayoral Election), but you would be forgiven for thinking that there were in fact four or more. Depending on who you asked, a variety of parties had both a good and bad day at the polls. Unlike Schrodinger’s Cat, the parties remain very much alive, though some more alive than others, with none actually licking their wounds. We knew much of the results of the local elections by Sunday evening, apart from the epic count in Newbridge which saw four re-counts and neither candidate involved being elected. They key result, which we knew on Saturday night, was the national result. By the time the weekend came to an end, we knew that there was a correlation between the local and EU results, in terms of party polling at least. Sinn Féin’s Michelle Gildernew MP conceded a little early, but was quick to change her mind and put herself back in contention for a seat, which she was. Fine Gael leade...

Séighin Ó Ceallaigh

Search This Blog