The Dan Bongino Show - The Bongino Brief - First Some Personal News, then, Taxes - Who Pays What!

Episode Date: April 22, 2023

On this week's Bongino Brief, I have important news to share. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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my future and yours. Text DAN to 989898 today. Past performance is not a guarantee of future results. Message and data rates apply. Dan Bongino. Welcome to the Bongino Brief. I'm Dan Bongino. So I've got some personal news to share. Let's just get right to it. Folks, regretfully, last week was my last show on Fox News, on the Fox News channel. I haven't told Joe that. I know Guy, who's in the office with me, knew before the show. I did let my team know here this morning. And it's tough. It's tough to say that. I've been there doing hits and working there for 10 years. Hits, appearances. I'm sorry, I shouldn't talk in media jargon.

Appearances on the network for, I think, close to 11 years. So the show ending last week was tough. And I want you to, it's not some big conspiracy. I promise you there's not, there's no acrimony. This wasn't some like WWE brawl that happened. We just couldn't come to terms on an extension. And that's really it. The sad part is, again, I really enjoyed myself there. And they were good to me for 10 years. I mean, it allowed me to do a show called Unfiltered. We did what we wanted to do over there

and covered the topics we wanted to cover. And it's a sad day. It's a sad day. They did give me the opportunity to do one last show. I don't want you to think they like showed me the door. That's on me, not on them. But I just thought it was best to kind of go this way for now. Like I said, it's not acrimonious. I have a great team over there. You know, I want to thank everyone. I especially want to thank first a woman by the

name of Lauren. Why is this hard? I didn't think this was going to be hard. Really. She really took a chance on me early on at Fox. I mean, when nobody knew who I was. So she's just a really good person. And Megan and Suzanne, the boss over there, for giving me a lot of opportunities. And I had a great team, folks. You might not know them. You're probably never going to meet them. But when you saw the show, I assume a lot of you enjoyed it. We went out as number one.

We were the number one show last week. And we were the number one show about 90% of the time. We had a great team. Sabrina was the executive producer. And Will, who was our number two. And Kirsten was there. She was great. Nico, Isabella, Will, who was our number two. And Kirsten was there. She was great. Nico, Isabella, Sam, Patrick.

We had Joey. We had a really great team over there. And I really, really appreciate the opportunity to do it. And I'm sorry to pass that on to you. But again, we just couldn't come to terms. There's no big conspiracy. I promise you, you're going to read a thousand left-wing articles about some nonsense. I'm guaranteeing you on my reputation, it is all made up.

It's a simple contract thing and that's it. It is no more complicated than that. Unfortunately, the timing's not great. I get that. But I just want you to know we have some really great things planned in the future. We are going to be doing a lot more with Rumble. Asble as you know disclosure i have a significant equity stake here in the company uh but i'm not going to tell you that's not that's not one of the reasons but that's not the reason i i like to be on free speech platforms that's why we separated from youtube a long time ago i think

it was the best decision we ever made you can see see with the live chat. Now, thank you to Jball76, by the way. Maybe the greatest name in the live chat. You're the best, Dan. I appreciate it. Thank you. I'm trying my best here, too, to get through this without getting choked up because, you know, 10 years of working here, I just want you to understand. Guy, if this is long-winded, tell me to shut up.

You're really good at this. But ladies and gentlemen, the most important events in my life I learned about on Fox News. I was sitting there in the Secret Service office on September 11th in Melville when the second plane struck. I learned about sporting events I was interested in on Fox News, election results on Fox News. I kind of grew up there in this space and it's not easy to leave. But I'll be doing a lot more with Rumble. I'll be announcing that in the future. So please stay tuned. We may be moving some times around and some stuff and doing some different things. We're obviously here only to please you, the audience. It's the only goal. You're what matters. You owe me nothing.

I owe you everything. And I just want you to know that there are a lot of good people over there. And this is not some kind of acrimonious, you know, again, wrestling match out the door. That's not what happened at all. It's been going on for a long time. Like, it's standard contract negotiation in any business. And it just didn't work out. And I attribute no malice to

anybody. Again, I don't want any, the timing's bad, but it has nothing to do with it. There are a lot of really, really good people there and I wish them all the best. I'm just sad to leave my team. They're a great team of people. So who knows, maybe we'll see more from them in the future. See, I'm getting on. Listen, I said a long time ago, did I not, Guy, that all the advice, Joe, you heard it give that all the advice Joe you heard it too all the advice you ever need in life you can hear in Kenny Rogers song the gambler right listen to the song go listen to Kenny Rogers the gambler know when to hold him know when to fold him you got it so uh the Fox Nation show for the radio show I will have some updates on that I

think that's going to end at the end of the month and we'll have some updates on that. We'll have some options for that too. More in a minute, but first. Folks, inflation has consequences as the Fed raises interest rates to combat out-of-control government spending. Long-term bonds have diminished in value, crippling banks. I've explained that before. Diversification of your assets has never been

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Birch Gold is who I trust to protect my future and yours. Text DAN, D-A-N, to 989898 today. Past performance is not a guarantee of future results. Message and data rates apply. So let's get to this video. This is good stuff, man. So here is a good friend, Stephen Moore, one of the best economists in the country. He's at this press conference on Capitol Hill, and there's a bunch of dorky, patriotic millionaire losers who are sitting there going, we want to pay more in taxes. Okay, great. He whips out a form. You guys want to sign here? You can voluntarily pay more. Not one of them, not one of them will sign. Check this out. We have these pledges. How many of you are millionaires here i know you are a number of you we're hoping that

each one of you will sign this pledge which says that you will pay a 90 tax just as you're endorsing today because you say it's in your patriotic duty to do so and so i'm hoping that each one of you will sign this uh pledge that says i'm willing to pay a 90 tax because it's your as you said it's your patriotic understand you want to do that individually miss disney yeah let's get people i've got pens let's sign these you know that you'll so we can solve the problem policy or do you want me to do it no we want you all said that you wanted to pay um you said you wanted to pay more taxes no no no you said you wanted to pay more taxes. No, no, no.

You said you want to pay more taxes. So don't you think it's your duty? I'm sorry. Don't you think it's your patriotic duty to pay more taxes? You're saying that the voluntary paying of more is not what you're saying. But you all are millionaires. Sorry, we've got another question. Okay. Because you guys are millionaires and you're saying you don't want to pay more. Well, you do, or you don't want to pay more taxes. Yes, it's disingenuous to say.

Why? Voluntary change to the law is going to make a structural difference. But you could make, you all can make a huge difference. There's a little bit of hypocrisy when a bunch of millionaires get together and say, raise taxes, but they're not willing to pay them themselves out of the 20 millionaires here not one of them was willing to pay more taxes all right all right finally i love to see thank you joe you and i were right and gee finally capitulates here's one thing about gee folks you know you see him in a live chat feel free to go after him in a live chat if you need to he'll fire right back and gee takes a a position. That's it. He doesn't care. The fact that I run this company means nothing to him. Maybe like it's an ugly shirt today. What do you mean? I just bought it. It's a great shirt. Paul loves it. I don't care. He's like, you know what? I think I

was too hard on that video. That's a really great video. That's a great video. That is, that's exactly, there is nothing better than exposing these idiots. They're at a press conference on Capitol Hill. It's their press conference. They're thinking, look, we're going to get all this awesome coverage, Joe. Media from all around the country is in D.C. They're going to cover us. We're millionaires. We're being benevolent, philanthropic, calling for higher taxes because we want to pay more.

And you get little Steve Moore. Well, he's not little, but he's not really like Dave Bautista. He's not Randy Orton, right? He's not like a pro wrestler. Little Steve Moore. He's like, okay, guys, I'm cool. Here's a pledge. It's not a legal pledge.

It's just like, you know, we'll take your word for it. Here's a pledge that you'll voluntarily pay, but you want others to pay. No, no, no. No, no, we don't want that. We don't want that. Alinsky's rules, baby. Alinsky's rules. Ridicule. Ridicule, baby. Oh my gosh, Dan. I don't like ridicule. It seems immoral. Listen, I don't believe in immorality or unethical stuff. I try. I screw up a lot. Unfortunately,

I do a lot of things I wish I could take back, okay? I try to do my best. I'm telling you, this is politics. You want a friend, go get a freaking dog. You want to play hardball and save the country, get into politics. This is the kind of crap everybody needs to be doing. Everybody. Next time they give a defund the police press conference, I don't have the capability of the staff to do it. Joe's in Maryland. I only got Guy down here with me. Send one of your people, send them up there to get them to sign a pledge to forego any personal security. Just humiliate them. These people are total fakes and phonies. Every single one of them. I tried to get that buffoon on the Fox show when we were still going to do one this weekend. Unfortunately not, but he wouldn't come on. He wouldn't come on.

So Jim, Jim, you're listening, right? Text me if you're listening. So I know sometimes he listens to the podcast. He doesn't try to get that guy again. I will give the patriotic millionaire an opportunity on my radio show. I will give him another. I will give him an opportunity for a 15, 20 minute interview to make his case, make your case because here are the actual facts. And again, we always bring the receipts. You can link to the articles that link to government websites. You want to see what rich people really pay? Here's the actual data from the government liberals want you to pay more for. The link of the Tax Foundation article is in the newsletter today.

Here's a summary of the latest federal income tax data. They did an update in 2023. Now, it lags behind for a couple of years because they need the full data set. So the full data set they have is now for 2020. The average income tax rate in 2020, 13%. The rich people, Joe, the top 1%, paid a surely less than 13%, the average, right? I mean, that guy just said that. Hey, a payday for sure.

No, they paid twice that, 25.99%. That's their average rate. And that's more than eight times higher than the 3% paid by the bottom half of taxpayers. Wait, wait, wait. I thought we were told they paid a lesser rate than their accountant. Yeah, you're an idiot. You believe that. See, you can look this up yourself. You can look this up yourself. Well, how do they get to that number? What they do is they factor in capital gains, which can be capital losses. In other words, if Joe's worth $20 million and it's all held in stock,

then the stock goes down to 18 million. Joe has $18 million, but Joe doesn't pay taxes on it. Why? Because he lost money and never cashed it out. You don't pay taxes on money you lost. Liberals are like, what? Freaking idiots. They really are stupid people. Here, the top 1%. Look this up yourself, folks, please. The top 1%, their share of income rose from 20% to 22%. So the top 1%, the rich people earned 22% of income in 2020. Well, what share of taxes did they pay? 42%, almost double what they earned as a collective group of evil rich people. One more stat. This one's even more shocking. I got into it on Twitter with some moron about this one. The top earners,

the top 50% as a collective group of people, the top 50% paid 97.7% of federal income taxes. You know what the bottom 50 paid? 2%. Tell me again about your stupid fair share arguments. Listen, man, you want to make an argument you think you're entitled to rich people's money? Whatever, man. Do your thing. Everybody's going to laugh at you. You're not entitled to squat. Go get a freaking job. Stop being a lazy bum. Stop being a lazy bum. Get a freaking job and stop worrying about the other guy. Get a job. But stop telling me we don't pay our fair share. You're just embarrassing yourself like the morons you are.