Many people watch the news and listen to socialist politicians – and they want to TAX the greedy companies in America!

Let’s talk about this for a moment. What is the reality?

Biden is suggesting a 15% tax on company revenues (without deductions) – on all companies making more than $100 million per year.

Okay – so there are approximately: (Total Revenues)

211 Companies making up to $250,000,000

572 Companies making up to $500,000,000

1069 Companies making up to $1,000,000,000

500 Companies making up to $2,000,000,000

152 Companies making up to $5,000,000,000

53 Companies making up to $10,000,000,000

27 Companies making more than $10,000,000,000

Lets simply assume the companies are making the top end of these revenue categories!

Lets assume the 27 really big companies are at the $10bil revenue point (These companies would split up into subsidiaries etc. if taxed too much anyway)If you tax these revenues at 15% – the total would be:$59,516,250,000 Ta-Dah!

The Federal budget for 2020 was $4.746 Trillion! Or about 21% of the US GDP of about $21Trillion. So – the Democrats are now wanting to give away $1.9 Trillion – and everyone is blaming big business for the Govt not having enough money. Really? – These companies likely employ 50 Million people – (Wonder who they voted for?)

Seriously – the only way to reduce the Federal Budget is to stop spending more than revenue. (Seems like all of Biden’s Executive Orders – have a price tag! Which must mean the Republicans were cutting the budget?)

Anyway – To get more revenue – we need a prosperous economy – where individuals pay their fair share. The Tax Code could be simplified – fair share would mean – EVERYONE pay the same percentage – but lower economic individuals don’t have the same expenditures as higher incomes. (How much tax is paid on the sale of a $1 Mil home?) Another way to accumulate Federal Revenue is with an Ad Valorem Tax – (similar to Australia) – Thus, when economy is strong – more comes in – when economy is weak – less comes in.

This is very different from the Philosophy of the Spend all you can state of California – Which happens to be over $50Billion in debt! In California – they passed a law that the State’s Budget goes up 15% every year – not matter how the economy is doing! (Think about last year – when much of California’s income tax is through THE – Tourism, Hospitality, & Entertainment)

No wonder Pelosi is making Biden give states money – she wants to bail out California. Wait – did most liberals (Which tends to mean most in California) – complain when the Government bailed out Banks, and Car Companies? Well – there you go – if you can scrounge up enough mail in votes – you too can pay off debts!