Liberal billionaire George Soros signed an open letter in 2019 calling on 2020 presidential candidates to undertake the notorious “wealth tax” on the wealthy. However he reportedly paid no federal earnings tax three years in a row.
Soros-funded outlet ProPublica printed a report exposing how “Soros paid no federal earnings tax three years in a row.” A Soros spokesman reportedly instructed ProPublica: “‘Between 2016 and 2018 George Soros misplaced cash on his investments, due to this fact he didn’t owe federal earnings taxes in these years. Mr. Soros has lengthy supported increased taxes for rich Individuals.’” [Emphasis added.] However as The Dan Bongino Present’s Matt Polumbo famous, “the efficiency of Soros Fund Administration, the fund answerable for Soros’ huge wealth, gained 5% in 2016, 8.9% in 2017, and 0.9% in 2018. The place precisely is the loss that they’re talking of?”
Soros signed an open letter in 2019 calling on 2020 presidential candidates to undertake a wealth tax on the highest one-tenth of 1 p.c. The letter reeked of left-wing propaganda: “These of us within the richest 1/10 of the richest 1% ought to be proud to pay a bit extra of our fortune ahead to America’s future. We’ll be tremendous — taking up this tax is the least we are able to do to strengthen the nation we love.” In essence, it appeared Soros was being hypocritical.
Studying the textual content of the 2019 open letter additional underscored the quantity of hypocrisy in Soros’s push for a wealth tax, whereas he paid reportedly nothing in federal earnings tax for 3 years straight:
The idea of a wealth tax isn’t new: Thousands and thousands of middle-income Individuals already pay a wealth tax every year within the type of property taxes on their major type of wealth — their house. The form of reasonable tax on the richest 1/10 of 1% that we help simply asks us to pay a small wealth tax on the first supply of our wealth as nicely.
Conservatives are underneath assault. Contact ABC Information (818-460-7477), CBS Information (212-975-3247) and NBC Information (212- 664-6192) and demand they report on Soros’s hypocritical tax coverage propaganda.