Biden want Billionaire to pay their Tax, Watch out for your 401Ks and IRAs

    Joe Biden may not know it but no doubt his Treasury Secretary does.  A tax labeled a ‘Billionaire’s Tax’ is being pushed by the Biden gang that will in reality tax Americans’ 401Ks and IRAs.

    PJ Media reports:

    A wealth tax on billionaires is included in the latest version of Joe Biden’s “Build Back Better” agenda, but it’s a sure thing the real target is your retirement savings.

    “It’s not a wealth tax, but a tax on unrealized capital gains of exceptionally wealthy individuals,” U.S. Treasury Secretary Janet Yellen told CNN on Sunday.

    That’s like saying you have a four-legged pet that eats kibble, barks, fetches, and looks exactly like a Golden Retriever — but it isn’t a dog.

    Yellen told Jake Tapper, “I think what’s under consideration is a proposal that Senator Wyden and the Senate Finance Committee have been looking at that would impose a tax on unrealized capital gains, on liquid assets held by extremely wealthy individuals, billionaires. I wouldn’t call that a wealth tax.”

    It’s a wealth tax.

    Worse, it’s a tax on the investments and productivity gains that make the entire country richer.

    Others see this as a tax on 401Ks and IRAs.

    Remember, income taxes were introduced only on the rich.  Now look who pays income taxes?  If these taxes target the super-rich now, how many years before they tax all of us?

    Who here trusts Joe Biden with your money?

    Content created by Joe Hoft

    What are your thoughts on the story? Let us know in the comments below!

    Previous articleFrench Fishermen:UK ‘too timid’ to resolve licence row
    Next articleHow Wildfires affect the Wildlife