AIER and others take issue with the ProPublica story shared recently at Tidewater Forum.
First is the technical detail that ProPublica’s “true tax rate” is a make-believe and irrelevant number because no one in the U.S. is taxed on their wealth. To illustrate the error, imagine you have a stock portfolio that went up in value over the last several years. You would be wealthier, but the increase doesn’t count as income.
Second, is the scandal that the IRS released the confidential information ProPublica used for its story. This shouldn’t have happened. How would you like it if 15 years of your tax returns were made public by the IRS?
The story and the IRS leak appear to be part of a conspiracy to create propaganda in support of the administration.