"A decision based on knowledge produces less commotion than one based on emotion." -- Jim Tanner

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And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states

President Biden has formally proposed the highest top capital gains tax in over 100 years.

Here is a direct quote from the Biden 2025 budget proposal: “Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent.”

President Biden vowed Friday that former President Donald Trump’s 2017 tax cuts would lapse next year if he’s re-elected and “stay expired” — meaning higher taxes for middle class and low-income Americans — prompting a hasty walk-back by aides.

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It’s Tax Day, which, for most Americans, means it’s time to fork over lots of cash to the feds.

Unless you’re running Pfizer, which is paying a grand total of zero dollars and zero cents in taxes this year. In fact, Pfizer is expecting a hefty refund!

"Congress gave the IRS $80 billion dollars to augment their audit functions" said Adam Andrzejewski, CEO of Open The Books.com, "And as of last summer, 63% of the new audits targeted taxpayers with incomes less than $200,000."

That is not what they said. Remember this letter for Treasury Secretary, Janet Yellen?

"Contrary to the misinformation from opponents of this legislation, small business or households earning $400,000 per year or less will not see an increase in the chances that they are audited," Yellen penned in a letter to IRS commissioner Charles Rettig, in 2022.

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Biden’s written plan calls for a small business tax hike, a corporate tax hike, a capital gains and dividends tax hike, income tax hikes, energy tax hikes and even a second Death Tax on top of the first one.

Biden would increase the corporate income tax from today’s 21% to 28%. That’s a higher tax rate than communist China and France and the U.K., each at 25%.

The average U.S. taxpayer was forced to contribute more to militarized programs than to Medicare and Medicaid combined in 2023, according to a new analysis released Tuesday by the National Priorities Project.

Published ahead of Tax Day, the analysis sheds light on the extent to which the federal income tax dollars of ordinary Americans are fueling "militarism and its support systems" such as the Pentagon, which currently accounts for roughly half of the federal government's total discretionary budget.