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

Sinn Féin Pre-Election Analysis

Operating off the recent in-depth RedC poll, while taking other recent polls into account, one thing is certain, Sinn Féin will have a time-machine on the top of their list to Santa if the election isn’t called before Christmas. It seems like it was only yesterday when the party was polling in the mid-30s, reaching a high of 36%, and seemed like a government in waiting if they managed to get some smaller parties and independents on board. What must have been a scramble for candidates to even get within a whiff of a majority, now some tough decisions will have to be made as to whether they will even run a second candidate in some constituencies. Keep in mind that in some constituencies where the polled well in 2020, and were polling very well in polls, such as Donegal, Cavan-Monaghan, and Louth, there were rumours of a third candidate being added in the 5-seater constituencies where they were polling close to 50% of the vote. When once there were talks of 60+ seats, now they...

Book Review : Animal Farm by George Orwell

BOOK REVIEW : ANIMAL FARM There is no doubt that George Orwell’s classic Animal Farm will divide opinions depending on what side of the political spectrum that you stand on, and your understanding of late imperial and early soviet Russian history. I tried to put the historical reflection to the back of my mind while reading this book, and as a historian it was rather difficult. Some of the analogies were downright wrong, many were open to interpretation, and some were fair. What I gathered about the author from this read was that he was a diehard Trotskyist, eulogising the assassinated liberal-left ideologist in the form of Snowball the pig, and Communist leader Vladimir Lenin in the form of Major the pig; while vilifying Josef Stalin in his depiction as tyrant pig Napoleon. While the pigs represent Soviet leadership, the dogs represent the Soviet Army and Police, and the other animals the general workers of the USSR. I would argue that more time is spent vilify...

Rebelling Against The 1% One Beer At A Time

If you're heading to the pub this weekend, then you may have an important choice to make, do you want to join a rebellion? Across Ireland, and indeed across many parts of the world, a beer revolution is taking place in the form of Craft Beer. Local breweries are popping up across the map, and are offering beer drinkers the chance to support business in their own areas. For many years the choice was between national or international beers, such as choosing between Guinness and Budweiser, but now many pubs have a choice between beers brewed by local entrepreneurs or big corporations. Local breweries produce small quantities of beer that are described as craft made, with special attention given to each batch, and the best part is that the profits go to local people, rather than to investors scattered around the globe. The idea of supporting local has many positives; it's more environmentally friendly as the beer is transported a very short distance, is supports local jobs, and...

Séighin Ó Ceallaigh

Search This Blog