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April 17, 2024

Biden Taxes Revealed as Americans Getting Crushed by His Economy

This week, Joe and Jill Biden released their tax returns to the public.

Biden, the multi-millionaire who likes to pretend he is just an average guy, earned over $600k with the help of his wife, Jill Biden.

All the while, the average American is getting crushed by rising gasoline and grocery prices, and fewer and fewer people are seeing tax returns these days.

Not Your Average Joe

Between state and local taxes, the Bidens collectively paid $181,106, which is probably more than just about everyone reading this report makes in a single year before taxes.

A recent report in Politico pointed to how fewer Americans are receiving tax refunds compared to years past.

There are a variety of reasons, one of which is a change in how the government calculates how much taxes you owe, as well as people taking more from their paychecks due to the economy and rising costs.

I remember when we were young, we would all claim “zero” deductions, more or less looking at the tax return as a savings account so we had vacation money to look forward to in the spring.

That is far from the case today, and the price of gasoline and groceries has a lot to do with that.

Since Biden took office, gasoline prices have been all over the place, at one point rising more than 100% of what they were from the day that Biden took office.

Currently, prices are up about 50% from when Biden entered office, averaging about $3.63 on Tax Day.

Yet, all Biden brags about is how the average price of gasoline is down about $1.40 from its height, which happened on his watch. It is that type of twisting of the facts that has Americans steaming and digging into their savings more and more these days.

Between the cost of gasoline, groceries, rent/mortgage, energy, and medical insurance, most people have little left in their checks for anything else.

There is only one way to fix this, and that is to remove Biden from office and get this country back to being energy independent again, as people are finally realizing the trickledown effect the price of gasoline has on the overall economy.

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