TAXES | WHAT REALLY HAPPENED

TAXES

Oct 21 05:19

How Bad Is Biden's Tax Plan? It's Getting Rappers To Back Four More Trump Years

The 45-year-old hip-hop personage, born Curtis James Jackson III, took to Instagram on Monday to offer his support for President Trump after seeing figures related to former Vice President Joe Biden's proposed tax plan.

The hip hop star shared an image from what appeared to be a news broadcast, representing the "top tax rates by state under [the] Biden tax plan."

Among the states mentioned was New York, which the broadcast said would be taxed at a rate of 58% while New York City would be taxed at 62%.

Oct 20 06:43

Biden's tax plan will lead to a combined rate of at least 62% for those making more than $400k in some states - the highest increase in three decades, tax group claims

The highest earners in the states of New York, New Jersey and California could end up facing a combined state and federal tax rate of 62% under Democratic presidential nominee Joe Biden's tax plan, in what would be the highest tax rate implemented in more than 30 years.

The high rate would affect those earning more than $400,000 whilst those earning below that level would likely receive tax cuts, according to the Tax Foundation, a low-tax advocacy group.

The analysis does not reflect what people pay in reality, because it does not include any tax dedications, offests or credits, which people all routinely claim and which lead to the effective tax rate.

Oct 15 06:38

Federal tax judge allows whistleblower case against Clinton foundation to proceed

Afederal judge is allowing a whistleblower complaint to proceed against the Clinton Foundation, ruling the IRS "abused its discretion" in trying to dismiss allegations of nonprofit wrongdoing by one of America's most famous political families.

U.S. Tax Court Judge David Gustafson denied the Internal Revenue Service's request for a summary motion, ruling the whistleblower complaint by John Moynihan, a former Drug Enforcement Agency official, and Larry Doyle, a corporate tax compliance expert, "provided 'specific credible documentation' supporting their allegations" of possible tax-exempt legal violations by the Clinton charity based in Arkansas.

Gustafson said the agency's Whistleblower Office (WB) wrongly denied Moynihan's and Doyle's claims simply because the IRS Criminal Investigation (CI) office sent an email saying the issues in the complaint were closed. The judge said he had reason to believe from the evidence that the IRS and the FBI engaged in some investigative activity.

Oct 15 05:59

IRS Slaps Baltimore City's Top Prosecutor With Lien For Years Of Unpaid Taxes 

According to The Baltimore Sun, the IRS has filed a lien against Baltimore City's top prosecutor for years of unpaid taxes.

Baltimore City State's Attorney Marilyn Mosby and husband Nick Mosby - Democratic nominee for City Council president - were slapped with a $45,000 lien via the IRS for three years of unpaid taxes. The lien showed the Mosbys owe $23,000 for 2014, more than $19,000 for 2015, and about $3,000 for 2016.

Oct 13 12:09

IRS colluded with Clinton Foundation to cheat taxpayers out of $2.5 billion

An interesting development has emerged concerning the Clinton family crime syndicate that suggests the highly corrupt Clinton Foundation colluded with the Internal Revenue Service (IRS) to cheat the tax system out of $2.5 billion.

As revealed on the Thomas Paine Podcast – listen here – a federal judge has pegged the IRS for illicit conduct in sheltering the Clinton Foundation from having to pay as much as $2.5 billion in unpaid federal back taxes.

In what the podcast describes as “a rare overture,” the judge in the case has sided with pro-se litigants and Clinton whistleblowers John Moynihan and Larry Doyle, allowing their case against the Clinton Foundation to proceed. Meanwhile, the IRS has been smacked down in its efforts to cover both for itself and for the Clintons.

Oct 11 07:36

THE ONE ASSURED OUTCOME AFTER THE ELECTION

Ever since the crash of 2008, a trend has developed in U.S. election debate: the near complete avoidance of serious discussion about the economy. Ron Paul was the last candidate to attack the subject with any energy, and that was quite a while ago now. The economic decline of our nation is being aggressively ignored, even though it is the most important issue of the past century.

Oct 02 07:11

Carney: The New York Times Is Wrong — Trump Paid Millions in Taxes in 2017

The New York Times’ claim that President Donald Trump paid just $750 in federal income taxes in 2016 and 2017 is wrong, based on a flawed understanding of how taxes are paid.

The figures below, drawn from the New York Times’s own analysis of Trump’s tax-return data for 2017, show that Trump paid $7,435,857 in taxes in 2017.

The Times says the tax return data show that Trump’s earnings were negative for the year, so he owned nothing in regular income taxes. But he was subject to the Alternative Minimum Tax (AMT), a parallel tax system aimed at making sure wealthy people cannot use deductions to eliminate their tax liability altogether. According to the Times, “the A.M.T. formula disallowed $45 million in losses that Mr. Trump had carried over from prior years.”

As a result, Trump was left with an AMT bill of $7,435,857, according to the Times.

There was no way for Trump to avoid this tax liability. He had to pay it down using his assets. And he did.

Oct 02 05:01

Tax & Deductions

Sep 30 02:10

Robert Kiyosaki: Why Trump Pays ZERO in Taxes

Sep 29 15:42

Helicopter Money and the End of Taxes

Sep 29 06:59

'It's A Regression': Biden's Tax Plan Will End Up Doing This Says Noted Economist

One of the main issues to consider in the face of the upcoming elections on November 3 is how and how drastically the country's economy will be affected according to who is elected.

According to new projections by former President Donald Trump's chief economist, Casey Mulligan, Joe Biden's fiscal plan and tax proposal, which would increase taxes on corporations and wealthy Americans, would drastically reduce the country's economy and destroy millions of jobs.

Sep 29 06:01

Biden Dodged $500K In Taxes By Exploiting Loophole

Since the left is now in histrionics over President Trump's perfectly legal use of the US tax code to avoid paying taxes for 10 out of the last 15 years, perhaps they'll give as much attention to Joe Biden - who used another perfectly legal tax 'loophole' to avoid approximately $500,000 in payroll taxes on $15 million in income.

Sep 22 05:08

Sums it Up Perfectly

Sep 20 05:18

Britain, France, and Germany Spurn US Plan for Iran Sanctions

Trump Administration officials have been saying this for weeks, but on Friday reiterated their intentions to try to enforce a UN Security Council resolution that includes broad sanctions against Iran. Officials say they expect every nation to comply.

The glaring problem with this is that the resolution doesn’t exist, at least not as an active resolution the US wants. The P5+1 nuclear deal gave the US the authority to reimpose sanctions on Iran, but the US had withdrawn from that pact years ago. Though the Trump Administration argued that didn’t matter, the UN has virtually unanimously rejected their interpretation, and rejected the UN Security Council resolution. The US believes the resolution becomes active Sunday, but the reality is it just doesn’t exist legally.

Webmaster's Commentary: 

These actions spell desperation on the cusp of madness, and the world is not following suit; so, what is next here, an invasion of Iran?!?

Considering just how "brilliantly" the other US occupations around the world are going, you might imagine it might just be time for a "re-think" on this; but of course, Israel's Bibi Netanyahu will not allow that to happen; he wants the US waging war against Iran, so Israel will not have to.

Sep 18 05:49

Wealth Redistribution A Reality: New Jersey Governor Proposes Tax Penalty For Rich

The governor of New Jersey is threatening the economy of the state with a new tax that can scare away much of the upper class living in the Garden state.

High-earning New Jersey residents will face an increased “millionaires tax” under a new budget deal announced Thursday, despite warnings from critics that it could lead the wealthy to flee the Garden State.

The agreement which Gov. Phil Murphy touted as providing “middle-class tax relief and tax fairness” , also includes a $500 rebate for two-parent families with at least one child and annual income below $150,000, according to reports.

Sep 15 10:20

Michigan 6% sales tax to hit more online purchases starting Oct. 1

Michigan residents can soon expect 6 percent sales tax to be charged on more of their online purchases, and the administration of Gov. Rick Snyder is recommending the more than $200 million in extra revenue be spent on fixing roads.

Michigan Treasurer Nick Khouri announced Monday that starting Oct. 1, the state will require many mail order and online retailers located outside of Michigan to pay the 6 percent tax on their sales to Michigan customers.

Sep 14 06:28

US embassy to challenge Germany over attempts to tax American troops

Germany is violating an international treaty when it asks U.S. military personnel to pay taxes in the country, the U.S. Embassy in Berlin said as it jumped into a long-running fiscal dispute that has affected hundreds of U.S. troops and civilians.

The U.S. Embassy and military commands “are aware of this long-standing issue and working closely in concert to address what we believe to be a misinterpretation of the NATO Status of Forces Agreement,” embassy spokesman Joseph Giordono-Scholz said in a statement this week.

“The Department of Defense and Department of State are engaged to try and reach a resolution,” Giordono-Scholz said, giving the first indication that the issue is being tackled at a higher level than military commands in Germany, which have been unable to resolve it after years of trying.

Sep 09 13:13

Anti-gun Politicians Seek to Tax Your 2nd Amendment Rights Into Oblivion

In 1819, Chief Justice John Marshall of the U.S. Supreme Court famously wrote:  “the power to tax involves the power to destroy ….” -- This truism has not been lost on firearm prohibitionists, who when unable to ban guns outright have often tried to tax them out of reach of the average citizen.

Sep 02 19:29

Since 9/11, the Government’s Answer to Every Problem Has Been More Government

Every crisis—manufactured or otherwise—since the nation’s early beginnings has become a make-work opportunity for the government to expand its reach and its power at taxpayer expense while limiting our freedoms at every turn.

Sep 02 12:00

California Taxpayers Can Check Out Any Time They Like, But Lawmakers Still Want To Tax Those Who Leave

It’s the last day of session for the California Legislature, where state lawmakers have a few more hours to send another tax increase to Governor Gavin Newsom’s (D) desk. What’s unique about the latest tax proposals pending in Sacramento is that Golden State lawmakers are targeting more than future earnings. They’re also seeking to raise taxes on past earnings and levy the nation’s first tax on accumulated wealth.

Assembly Bill 1253, which already passed out of the California Assembly by a 59 to 17 vote in May, would create three new top income tax rates in a state that is already home to the nation’s highest income tax rate at 13.3%. “If passed,” writes Forbes contributor Robert Wood, “high income Californians would pay another 1% on income over $1,181,484, 3% on income over $2,362,968, and 3.5% on income over $5,907,420.” Not only that, AB 1253 applies these rate hikes retroactively to January 1, 2020.

Aug 17 13:43

California Bill Would Apply Wealth Tax to Residents Who Fled the State in the Last 10 Years

A new so-called wealth tax in California would send tax bills even to people who have moved out of the liberal state.

The Democrats’ proposal for “an annual tax of 0.4 percent upon the worldwide net worth of every resident in this state,” according to the text of AB 2088, which would create the tax on a vast list of untaxed assets California wants to tax.

The tax would target not only current residents but anyone who has what the bill classifies as wealth and who has lived in California any time in the past 10 years. It would use a sliding scale based on the number of years a taxpayer lived in the state.

Aug 14 11:56

Democrat-run states need to bail themselves out, not demand that someone else foot the bill

Pelosi has repeatedly made it clear that neither she nor her colleagues are willing to make any kind of deal until and unless the cash starts flowing to leftist states. In essence, this is holding the rest of the country hostage, including the tens of millions of people who are still without work and struggling simply to make ends meet. -- This continued stonewalling by Pelosi and the Democrats is hurting everyday Americans, in other words – but do they care? The answer is: of course not. They only care about themselves, and since they utterly failed to balance the budgets in their own collapsing states, they now want Trump to swoop in and save the day with taxpayer money from other states.

Jul 22 08:22

Biden Pledges To Raise Taxes If Elected

Jul 15 15:49

What Happened to the Record Income Taxes Americans Paid Last Year

Back in fiscal 2019, which ended last September before COVID-19 hit, the federal government set two records. It collected more money in individual income taxes than in any previous year — and then spent more. Did the Americans who paid that record sum in income taxes get their money's worth? -- Or were they ripped off?

Jul 15 11:42

LOCAL GOVERNMENTS WANT YOU TO PAY FOR THE ECONOMIC TERRORISM THEY CAUSED

Local governments want massive tax hikes to cover the costs of the economic terrorism they extracted on the entire population. Cities like Nashville, Tennessee plan to hike property taxes as much as 34% to cover the costs of their terrorism.

Have you had enough yet? Because too many are still taking this on the chin. Historic job losses caused by government-mandated lockdowns that have fueled the downturn have also put the squeeze on city and state budgets. Washington sought to offset this with stimulus payments, additional unemployment benefits, business grants, and more, but now they want their money back in the form of massive tax hikes.

Any push to raise taxes too dramatically could hurt the economy even more, not to mention cause civil unrest. People are already living on the edge, and those lucky enough to still have jobs are living paycheck to paycheck. But, if the government can get away with it from a passive and sleeping public, they’ll do it.

Jul 13 16:18

Taxpaying Gun Owners Being Forced to Fund Brady Subversion

Those who demand a monopoly of violence demand nothing less than total submission from those they would control. Ultimately, our resistance to their aims is not about guns, but about nothing less than freedom. We would do well to remember that not just the right to arms, but taxation without representation for their concerns, was also a driving issue prompting Americans to rebel against the Crown.

Jul 13 05:56

Schiff: Confiscatory taxation is coming

Jul 08 04:30

Ex IRS agent tells it like it is

Jul 07 10:39

Coronavirus: Workers to pay tax on tests by their employer

Workers who have coronavirus tests paid for by their employer will have to pay tax on them.

Tax authorities have confirmed that tests will be treated as a "benefit in kind", and so will be subject to extra income tax for employees.

Jun 19 06:28

The Wealth Tax in Europe and Canada

Jun 17 11:18

So Taxation is in fact.... Theft

May 10 07:20

Wall Street Titans See Tax Hikes Whether They Like Them or Not

It’s a line you don’t hear every day from Wall Street titans: Maybe we really should pay higher taxes.

The pandemic has bold-face names like Larry Fink and Lloyd Blankfein thinking out loud that it might be necessary as the coronavirus pandemic derails the economy. A few are even calling for the wealthy to pay up.

Finance billionaires benefited more than just about anyone from President Donald Trump’s massive tax cuts, his signature legislative achievement. Now they’re contemplating the end of that era, underscoring the gravity of the moment.

Apr 15 04:43

REVEALED: More than 80 per cent of a Republican tax provision hidden in the coronavirus relief act will go directly to millionaires and billionaires - as it is branded a 'rotten, un-American giveaway'

Nearly 82 percent of a Republican tax provision hidden away in the coronavirus relief fund will go to the nation's millionaires and billionaires.

Analysis by the Joint Committee on Taxation (JCT) discovered the tax suspension overwhelmingly benefits high earners.

JCT determined that only less than three percent of the benefits will go to Americans earning less than $100,000 per year.

Comparatively, 82 percent of the benefits of the provision will be received by those who earn $1 million or more annually.

Suspending the limitation is set to cost taxpayers $90 billion this year alone.

The investigation was prompted after reports surfaced that Trump, Jared Kushner, and others in his inner circle could also be key beneficiaries.

Webmaster's Commentary: 

Feigned "righteous indignation" is always easy for a party out of power.

But please understand; were the Democrats in power in terms of cobbling this "Frankenbill" together, the outcome would have been precisely the same for their cronies, and that's the problem.

People in power are always, always going to attempt to create legislation in this country which benefits themselves, and their monied friends; that's just the way it works here, as it does in many other countries around the world.

Apr 13 04:36

The IRS’s “Dirty Little Secret” – The Earned Income Tax Credit and Illegal Aliens

As we all know, everyone who is employed in the United States is required to have a Social Security Number (SSN). An SSN is a unique, nine-digit identification number used for taxpayer identification, income reporting, and record-keeping purposes.

But how many of you know about the Individual Taxpayer Identification Number (ITIN)? Surprisingly, to me anyway, many people have not heard about the ITIN. Most Americans don’t even know that many illegal aliens file income tax returns using an ITIN issued to them by the Internal Revenue Service (IRS) and this is how illegal aliens access the Earned Income Tax Credit (EITC).

Illegal aliens working in this country illegally can apply for an ITIN card through the IRS; the IRS then sends them the ITIN card. Illegal aliens do not have to disclose that they are illegal aliens working illegally in this country when they apply for their ITIN card and the IRS does not check their immigration status.

Apr 09 05:33

Fauci on US after coronavirus: No shaking hands ‘ever again’

Folks.this idiot is certifiably insane IMHO. Trump has put the Country in danger, damn near shut down the economy on the advice of a NUT!

Americans would be smart to carry some lessons with them into the future after the nation’s coronavirus crisis is over, according to Dr. Anthony Fauci.

“One of them is absolute compulsive hand-washing,” Fauci, a member of the White House Coronavirus Task Force, said Wednesday during a Wall Street Journal podcast.

“The other,” he added, “is you don't ever shake anybody's hands. I don't think we should ever shake hands ever again, to be honest with you.”

Apr 07 10:18

All Roads Lead to Dark Winter

The leaders of two controversial pandemic simulations that took place just months before the Coronavirus crisis – Event 201 and Crimson Contagion – share a common history, the 2001 biowarfare simulation Dark Winter. Dark Winter not only predicted the 2001 anthrax attacks, but some of its participants had clear foreknowledge of those attacks.

During the presidency of George H.W. Bush in the early 1990s, something disturbing unfolded at the U.S.’ top biological warfare research facility at Fort Detrick, Maryland. Specimens of highly contagious and deadly pathogens – anthrax and ebola among them – had disappeared from the lab, at a time when lab workers and rival scientists had been accused of targeted sexual and ethnic harassment and several disgruntled researchers had left as a result.

Apr 06 00:08

State unemployment systems tested by surge of applicants

Americans are seeking unemployment benefits at unprecedented levels due to the coronavirus, but many are finding more frustration than relief.

Mar 31 12:31

Laid off workers battle outages, jammed phone lines as Pa. unemployment system buckles from coronavirus surge

HARRISBURG — Each day last week, Shawn McCreary settled into a new and strange routine.

Instead of going to his job in Mechanicsburg as a substitute special education teacher, McCreary picked up the phone and began calling the Pennsylvania Department of Labor and Industry’s unemployment compensation hotline, hoping to reach anyone who could help him.

His rent would be due on the first of April, and there was less than $200 in his bank account.

Mar 31 07:07

Why is paying tax later better than now?

Mar 24 08:42

How Corona Could Backfire

How Corona Could Backfire

It looks pretty grim but corona still could have an upside.

So far, the most ‘tangible’ impact of the corona scare is everyone’s out of toilet paper.

But we may not be caught off guard again.

Having a month’s worth of staples on hand will make us less prone to panic next time around.

‘Prepperism’ has now reached main stream America.

Dried foods, water purifiers, wood stoves, generators, gardens, AND firearms, will be found now in countless homes.

‘Self-reliance’ is quite visible at gun stores now.

For with cops answering only critical calls, people see the need to rely on themselves—not the government—for protection.

Just look at the ‘education crisis’ brought on by corona.

Mar 19 10:54

Trump Regime COVID-19 Guidelines Exclude Equitable Fiscal Measures for Ordinary Americans

In times of economic duress like now, US policymakers and the Wall Street owned and operated Fed throw hundreds of billions or trillions of dollars at business and investors to aid them and financial markets — crumbs at most for cash-strapped households hard-pressed to get by.

For weeks, Trump failed to acknowledge the risk of a growing public health crisis, admitting it belatedly on Monday with guidelines that exclude financial help for ordinary people in need.

It calls for “15 days to slow (COVID-19’s) spread” that could take months or longer to control and eliminate nationwide.

Mar 18 20:42

What is and isn't allowed during a 'shelter-in-place' order

The basics of a 'shelter-in-place' order during the coronavirus pandemic are fairly clear: Stay at home.

But as cities, states and the federal government take increasingly aggressive moves to stop the spread of the novel coronavirus, the precise details of a 'shelter-in-place' order and its many exceptions for 'essential activities' may soon become familiar to millions of Americans across the country.

Already, nearly 7 million people living in a wide swath of Northern California are under a 'shelter-in-place' order, which began Monday night.

Mar 18 20:38

California tax deadlines postponed until mid-July due to coronavirus

SACRAMENTO - The State has postponed tax deadlines until July 15.

The Franchise Tax Board announced the special tax relief for all California taxpayers due to the coronavirus pandemic.

According to the board, they are postponing the filing and payment deadlines until July for all individuals and business entities for:

Mar 14 09:07

Bats, Gene Editing and Bioweapons: Recent DARPA Experiments Raise Concerns Amid Coronavirus Outbreak

Well,there it is. The US Government is behind all of this. This is a crime against humanity!

The district of criminals and their minions in the US Military are making war against Americans as well as against the rest of the Planet. And we paid for it with our taxes.

DARPA recently spent millions on research involving bats and coronaviruses, as well as gene editing “bioweapons” prior to the recent coronavirus outbreak. Now, “strategic allies” of the agency have been chosen to develop a genetic material-based vaccine to halt the potential epidemic.

Mar 12 09:24

ICE chief: It will take 140 years to clear 'backlog' of illegal immigrants after US-Mexico border surge

ICE’s chief said Wednesday that it would take 140 years to remove all of the illegal immigrants who came into the country during the border surge of the past two years at current deportation rates.

Matt Albence, acting director of U.S. Immigrations and Customs Enforcement, said the border surge of the past two years had added 900,000 non-detained cases to ICE’s docket, bringing the total to 3.3 million.

“As numbers continue to climb, they will continue to outpace ICE's inabilities to swiftly remove individuals,” Albence said.

Mar 11 18:41

And the Winner is? Deflation.

Back in August I penned a post called, “The Battle of the ‘Flations Has Begun.”

With an historic 2000 point drop in the Dow Jones Industrials on Monday in response to Saudi Arabia and Russia declaring an oil price war on, well, everyone it’s clear that one of the two ‘flations, deflation, has won out.

Mar 11 15:32

Why Trump Endorsed Jeff Sessions' Open Borders Opponent

Donald Trump has officially endorsed Tommy Tuberville against lifelong anti-immigration Senator Jeff Sessions in the upcoming Alabama primary runoff. Sessions was one of the first and only political figures to endorse the president during his 2016 long shot campaign.

Mar 09 17:12

A Real Fact Check on the Trump Tax Cuts

Mar 07 08:55

Joe Biden would increase taxes by $4 trillion

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