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Somewhere Lois Lerner Laughs Into Her Mimosa

OK, I admit that I shamelessly stole the title to this article from my new best friend on Twitter @hale_razor, who made the crack in relation to the news that someone at the IRS leaked, or

(laugh laugh) someone had hacked, the confidential tax records of a bunch of billionaires.

Razor’s take was that this was a Deep State leak to advance the Far Left Democrats’ plan to raise taxes by stoking the average Joe’s outrage that Soros, Buffet, Bloomberg, Bezos, et al paid little or no taxes.

“There is no deep state, but the IRS can leak tax returns for liberal politics just as the Dem president pushes for new tax policy, and instead of punishing the agency there’s talk of tripling its funding,” he tweeted.

And he’s right. Here’s what ProPublica said in their first article on the stolen records:

Taken together, it demolishes the cornerstone myth of the American tax system: that everyone pays their fair share and the richest Americans pay the most. The IRS records show that the wealthiest can — perfectly legally — pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes grow each year.

And the article went on to say:

Many Americans live paycheck to paycheck, amassing little wealth and paying the federal government a percentage of their income that rises if they earn more. In recent years, the median American household earned about $70,000 annually and paid 14% in federal taxes. The highest income tax rate, 37%, kicked in this year, for couples, on earnings above $628,300.
The confidential tax records obtained by ProPublica show that the ultrarich effectively sidestep this system.

One of the more interesting things ProPublica did with the stolen data was to compare how much in taxes the 25 richest Americans paid each year to how much Forbes estimated their wealth grew in that same time period. They called this their true tax rate.

The results are stark, wrote ProPublica's Jesse Eisinger, Jeff Ernsthausen and Paul Kiel.

According to Forbes, those 25 people saw their worth rise a collective $401 billion from 2014 to 2018. They paid a total of $13.6 billion in federal income taxes in those five years, the IRS data shows. That’s a staggering sum, but it amounts to a true tax rate of only 3.4%.

It’s a completely different picture for middle-class Americans, said Eisinger, Ernsthausen and Kiel. For example, wage earners in their early 40s who have amassed a typical amount of wealth for people their age. From 2014 to 2018, such households saw their net worth expand by about $65,000 after taxes on average, mostly due to the rise in value of their homes. But because the vast bulk of their earnings were salaries, their tax bills were almost as much, nearly $62,000, over that five-year period.

This “study” is of course intended to demonstrate that the wealthy, and who qualifies as such is a moving target for Democrats, do not pay their “fair share.”

But the “study” compares apples to oranges as our tax system does not tax “wealth” it taxes income, per the language of the Sixteenth Amendment: “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.”

However, as ABC News commented, the report on how little the ultra-wealthy pay in taxes is rejuvenating discussions over whether and how to make sure billionaires pay more.

The White House, while condemning any potentially illegal leak of private tax data, is using the disclosure to argue for repealing Trump tax cuts for those making more than $400,000 a year.

Except that the Biden tax proposals would have a negligible impact on the taxes paid by the richest of the rich. That, progressives argue, would require a wealth tax – for which the Far Left now has a powerful argument supported by previously protected and hence unavailable evidence. And true to the formula, minutes after the electrons conveyed the ProPublica article to their screens, the New York Times was advocating for a wealth tax.

Now here’s another tip-off that our new Twitter friend @hale_razor had it right about this being a Deep State leak to advance the Democrats’ tax raising agenda – as of this writing no Democrats have criticized the leak or called for an investigation – not one.

While Republican Senator Chuck Grassley of Iowa asked IRS Commissioner Charles Rettig if there would be an investigation and prosecutions, even as Rettig said YES there would be an investigation, Democrats were mum, obviously because the leak helps them politically.

And they can count on clueless Republicans in Congress to reflexively oppose any tax increase, even on political enemies like Soros, Bezos, Buffet and Bloomberg.

We predict there will be no real investigation of how ProPublica got this material, because such an investigation would gore too many sacred cows in the Democrats’ coalition – the Treasury Department’s union goons, establishment journalists and tax-the-rich Leftists being at the top of the list.

We don’t know by what beach Lois Lerner is sipping her mimosas, but as her case proved, any lawbreaking, malfeasance or misadventure by IRS employees (or imaginary hackers) that helps advance the Democrats’ agenda will be excused, covered-up or given a pass via prosecutorial discretion. So, we can expect to see a lot more of this material waved by Far Left Democrats like Reps. Ilhan Omar, Alexandria Ocasio-Cortez, Rashida Tlaib, Ayanna Pressley and Cori Bush as proof a wealth tax is needed, but don’t expect anyone to be perp walked out of the Treasury building for releasing it.

  • Lois Lerner

  • confidential tax records

  • IRS leak

  • Democrats tax raising scheme

  • Joe Biden tax policy

  • Joe Biden agenda

  • Stolen tax records

  • tax rates

  • true tax rate

  • income taxes

  • wealth tax

  • IRS Commissioner Charles Rettig

  • Liberal billionaires

792 views14 comments


when will american people be notified of investigative results of the whole biden corruption

Jul 13, 2021
Replying to

Dear Ziggy - WE don't ask for your password, if you sign in through one of the tech giants THEY ask for your password. Please sign up for a free CHQ account and establish a password unique to this website... and thanks for being a CHQ reader


As usual, a bait and switch by the Dem's. Complain about a handful of billionaires and then use that as an excuse to tax the crap out of upper middleclass people; the very people that DO already pay most of the taxes. (And if the Dem's really get what they want, tax the crap out of 49% of us while giving the 51% benefits so the 51% will keep voting for them. That's called slavery; a relatively comfortable slavery perhaps, but slavery none the less.)

Replying to

Exactly and precisely the reason those tax records were leaked, they always prime a narrative, figuratively telegraphing their punches! They are devious, deceitful, liars but they just aren't that bright!

They may as well of taken out an ad on TV to tell the nation they intended to steal the election, which they then did, as we all watched in real time!


Charles Wilkins
Charles Wilkins
Jun 12, 2021

Who is more disloyal or a disgrace to their Country, he Leader of Russia Vladimir Putin for giving 3 million plus to the Biden's(Hunter) Chairman of Communist China Xi Jinping for giving a Billion dollar contract, 200 million commission to the Biden's {Hunter] or "the persons who stuck out their hands to received that money" [Hunter}? This is the question all Americans should be asking now, under the current political decision process, Who is giving public quotes, using the "Communist leaders"? Who is trying to cancel July 4th holidays? Who did a "piss poor job" talking about our hero's on Memorial Day? Who is trying to kill our "pipe lines"? Who is driving our Country towards bankruptcy? Who won't protect…


I have some mutual funds. They derive income from stocks and bonds. Some of the income is capital gains and some is ordinary income. Most years I make money on paper, but that income is reinvested and I never actually see it. The kicker is that I have to declare the "income" and pay taxes on it every year. The reality is that the government gets its share, no matter what. I hope that at some point in the future, I will have more money than I put into the accounts. Should the funds go completely south, I will lose. I'd like to see Buffett, Soros and all those other clowns pay their fair share for a change.


That the income tax is only a tax on income derived from wages, salaries and capital gains is the problem. The ultra rich don't earn much in wages or salaries and they can manipulate their capital gains. A better plan would be to eliminate the income tax and impose, instead, a national sales tax, or fair tax as it is known. That way, people with more money would buy more things and pay more taxes. The 16th Amendment needs to be repealed and the IRS needs to be disbanded. We need a Convention of States under Article V of the Constitution. Every reader should push his state legislator to support an Article V Convention.

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