TAXES | WHAT REALLY HAPPENED


TAXES

Dec 13 01:26

Trump signs $700bn military funding bill

(*RELATED:) US 'Living Off 1950s Infrastructure,' Must Spend $2 Trillion to Modernize
http://www.whatreallyhappened.com/comment/reply/648611

Dec 12 16:31

The GOP Tax Bill Eliminates Critical Deductions for Disaster Victims

If devastating wildfires sweep across California again next year—not unlikely considering even Governor Jerry Brown has called it the “new normal”—the hardest hit may not be eligible for the same support as they are this year, thanks to the GOP’s fast-moving tax bill.

As Congress pushes full steam ahead with its controversial plan to cut taxes (mostly for the wealthy and corporations), analysts are finally getting a chance to look at the impact such drastic measures would have on the majority of Americans. One major issue is how the plan would limit taxpayers’ ability to write off damages from future disasters.

Dec 12 11:56

Tax Bill: John Cornyn’s Fossil Fuel Provision Would Personally Enrich Republican Lawmakers

When Texas Sen. John Cornyn slipped an obscure tax break for pipeline giants into the GOP tax bill, he wasn't just helping major Republican Party donors, he was also potentially helping 16 of his congressional colleagues. Together those 16 lawmakers — 13 Republicans, three Democrats — own multimillion-dollar stakes in the special investment vehicles that stand to benefit from Cornyn’s amendment. They include three of members of the Texas Congressional delegation: Sen. Ted Cruz and two top Republicans in the U.S. House.

Cornyn’s amendment, which was introduced just hours before the Senate passed the tax bill on Dec. 2, provides a tax deduction for investors in energy-related master limited partnerships (MLPs) — investment entities primarily used by oil and gas pipeline corporations.

Dec 11 03:37

Defense Contractors Hold Pentagon Hostage With Contracts

A new Government Accountability Office report, released in October 2017, details problems the services are having keeping the F-35 fleet ready for combat. One problem it highlighted was that, at a time when the Pentagon is desperate to ramp up production of new aircraft, the services have to wait an average of 172 days—nearly six months—to repair components for the F-35 Joint Strike Fighter (JSF), when it should only take between 60 and 90 days. While this aspect of the report garnered most of the headlines, the report reveals a much more fundamental and systemic problem involving most of the latest high-tech weapon systems: Defense contractors are creating complicated support systems for the increasingly complex weapon systems the Pentagon buys, which allows the contractors to secure long-term contracts for which they have no competition from other companies.

The F-35 serves as the ultimate example of this arrangement. Under the current plans, the American people will spend $406.5 billion for research, development, and procurement for a fleet of 2,456 F-35s. That is a staggering figure, but it pales in comparison to the costs to sustain the program. These costs are expected to top $1.2 trillion through 2060>>>

Dec 09 06:43

FAKE NEWS CAMPAIGN: AMERICANS FALSELY THINK THEIR TAXES WILL RISE WITH GOP PLAN

Due to an influx of fake news and anti Trump propaganda, as per a CBS News poll, a large number of Americans have been misinformed and are now believing that President Trump’s tax cuts are not really tax cuts, but yet another boon for the richest one percent, or something along these lines.

Dec 08 07:31

Americans Spent $409 Billion Filing Taxes In 2016—That’s 2.2 Percent Of GDP

According to a report from the Tax Foundation, Americans spent $409 billion (2.2 percent of GDP) on tax compliance in 2016.  This works out to 8.9 billion man-hours wasted preparing tax returns, which is the equivalent of roughly 4 million full time jobs.

Dec 07 07:15

EU's tax haven blacklist ruthlessly mocked after bloc REFUSES to include member states

Earlier today, EU finance ministers agreed 17 countries including South Korea, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia and the United Arab Emirates (UAE) are not doing enough to crack down on offshore tax avoidance schemes.

These countries and American Samoa, Bahrain, Barbados, Grenada, Guam, Macau, Marshall Islands, Mongolia, Namibia, Palau, now face restrictions on EU funding or potential investments from the European Investment Bank, while the governments of member states are able to impose their own sanctions on the blacklisted states.

However, the blacklist has already been condemned for being “politically led” after EU countries including Luxembourg and Ireland were left off the list.

Dec 06 14:26

How Tax Cuts Will Trigger Recession

Dec 06 07:27

Paul Craig Roberts Exposes "Plunder Capitalism"

I deplore the tax cut that has passed Congress. It is not an economic policy tax cut, and it has nothing whatsoever to do with supply-side economics. The entire purpose is to raise equity prices by providing equity owners with more capital gains and dividends.

Dec 05 07:59

HOUSE REPUBLICANS WANT TO END STUDENT LOAN FORGIVENESS FOR PUBLIC INTEREST JOBS

WHILE SENATE REPUBLICANS last week hashed out the details to pass a bill that would hike taxes for the middle class in order to slash them for corporations, House Republicans unveiled a higher education bill that would broadly reshape how the federal government pays for and regulates college — by cutting back on various student aid programs while also lifting current regulations that require for-profit colleges to meet certain thresholds to receive tax dollars.

Dec 05 07:40

House Republicans Already Shooting Down Tax Bill's Promises

House conservatives are already indicating that they're prepared to block some of the key legislative promises that Senate Republicans demanded in exchange for their vote on tax reform legislation.

Those promises materialized in the frantic final hours of the tax debate last week, as Senate Majority Leader Mitch McConnell (R-KY) gave Sens. Susan Collins (R-ME) and Jeff Flake (R-AZ) assurances that some of their personal legislative priorities would be dealt with in exchange for their votes.

Collins said she received a promise that the Senate would consider two bipartisan pieces of legislation that would ostensibly mitigate the negative effects that could come from the tax bill’s repeal of Obamacare’s individual mandate. Flake said he received a “firm commitment from Senate Leadership and the administration” to work on a permanent protections for the soon-to-be-ended Obama-era program that shields children of undocumented immigrants.

Dec 04 07:44

Grassley: No Tax Cuts For Working People Because They Blow Them On ‘Booze Or Women’

Iowa Senator Chuck Grassley decided to shove his foot so far down his throat, he may need a visit to a gastroenterologist to remove it fully. During an interview with the Des Moines Register, Grassley actually said that rich folks who "invest" are more deserving of tax cuts because they don't waste money on things...like, you know, food and housing and childcare.

His exact quote:

“I think not having the estate tax recognizes the people that are investing,” Grassley said, “as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.”

Rich folks don't waste money on those things. They save it for cocaine and hookers, don’t they? That claim is at least as valid as Grassley’s.

Grassley's despicable and condescending attitude sums up the viewpoint of the Republican party. Average, hard working Americans don't deserve tax breaks. Ever. It's all about the donor class. And the billionaires.

Dec 03 08:47

IN MAJOR VICTORY FOR TRUMP, SENATE PASSES TAX-CUT BILL WHICH NOBODY READ: HERE'S WHAT'S IN IT

Shortly before 2am on Saturday, the Senate passed "the most sweeping rewrite of the U.S. tax code in three decades, slashing the corporate tax rate and providing temporary tax-rate cuts for most Americans" handing Republicans a badly needed legislative and political victory. Senators voted across party lines in a 51-49 vote, ending days of debate and "hand wringing" as leadership worked frantically behind the scenes to win over holdouts and get the proposal in line with the chamber’s rules.

Dec 02 06:53

REPUBLICANS WILL CUT SOCIAL SECURITY AND MEDICARE AFTER TAX PLAN PASSES, SAYS MARCO RUBIO

Florida Senator Marco Rubio admits that the Republican tax cut plan to aid corporations and the wealthy will require cuts to Social Security and Medicare to pay for it.

Rubio told reporters this week that in order to address the federal deficit, which will grow by at least $1 trillion if the tax plan passes, Congress will need to cut entitlement programs such as Social Security. Advocates for the elderly and the poor have warned that entitlement programs would be on the chopping block, but this is the first time a prominent Republican has backed their claims.

Dec 01 19:46

Poop Map of San Francisco

This map outlines poop danger areas in San Francisco.

Why Is There So Much Human Shit on the Streets?
By Noah Sanders

There are more than 10,000 people living on the streets at any given time in our fair City by the Bay. San Francisco must be scrambling hand over foot to provide at least some semblance of a plan for their very apparent human needs. Right? Wrong. I reached out to Jennifer Friedenbach, the executive director of San Francisco’s Coalition on Homelessness over the phone, and she laid out the overarching cause of our defecation dilemma.

https://thebolditalic.com/why-is-there-so-much-human-shit-on-the-stree...

www.sfchronicle.com/archive/item/A-decade-of-homelessness-Thousands-in...

Nov 28 08:16

George Soros BIGGEST TAX EVASION in HISTORY! Here’s How He Did It!

If you wanted to cash in on billions of dollars and take your profits, but didn’t want to pay any taxes, what would you do? Well the wealthiest individuals have found an excellent way to do this. Not only are they allowed to do so legally, but they are applauded for their generosity. Let’s break it down.

Nov 26 07:13

Huge spike in US military non-combat plane crash fatalities in 2017 – report

The number of US servicemen killed in plane crashes has “skyrocketed” in 2017 compared to last year. The gruesome revelation comes just days after three US sailors were killed in a plane crash in the Philippine Sea.

According to Fox News, 22 US military planes have crashed so far this year while flying non-combat operations – up 38 percent from last November.

Thirty-seven US service members have died in these accidents. The current death toll is 130 percent higher than the number of servicemen killed in non-combat crashes from the year before.

The most recent incident occurred Wednesday>>>

Nov 24 13:57

Judge Rules Seattle’s Income Tax On Wealthy Is Illegal

By Aaron Kesel

A Seattle King County Superior Court ruled that a controversial piece of legislation meant to tax wealthy households is illegal, Seattle Times reported.

In a judgment, Judge John R. Ruhl said the city ordinance adopted in July is not authorized under state law...

Nov 24 06:50

Saudis Get $7B in US Arms for Yemen War

(*but if you so much as photoshop an image to demonstrate your disdane for this allotment , here in the land of the free ...)

Nov 23 10:26

Privacy Nightmare: Online Retailers Must Report Vermont Purchases To Government

By Aaron Kesel

Thanks to a new law in Vermont, the state may soon know your online purchases to pressure residents to pay a “use tax,” WCAX reported.

Vermont’s use tax is meant to make sure that Vermont citizens don’t shop online or across the border to avoid the state’s sales tax...

Nov 22 14:22

HUCKABEE LIVID OVER LATEST NONSENSE FROM LOIS LERNER

Lois Lerner wants her court transcripts sealed because she fears anger/revenge from taxpayers if they read all the details of what she did. Huckabee isn't having it.

---

Nov 19 08:31

"Helpless, Raging" Charlottesville Families Shocked By These 2018 Obamacare Premiums..."It's Horrific"

Over the past several months, Democrats have jumped on every opportunity possible to blame the Trump administration for yet another year of staggering Obamacare premium increases. Ironically, despite arguments from the Left that Trump's defunding of Obamacare's marketing budget would cause 2018 signups to plunge, as Politico recently noted, they're actually up in 2018...which begs the question: was the Obama administration just wasting $100 million a year in taxpayer money for nothing? Shocking thought, we know.

Nov 18 22:37

A Boeing 757 was hacked and now DHS is worried more planes could be at risk

A Department of Homeland Security official admitted that the agency was able to remotely hack into a Boeing 757 during a test in 2016.
The DHS official indicated that he and his team were able to do so without having any direct contact with the aircraft or using any materials that would be flagged by security.
While the exact details of the hack are confidential, Boeing insists that the hackers were not able to take control of the aircraft's flight systems.

Nov 18 09:13

Belgian MEP blasts 'unholy' European finance ministers for EU tax avoidance firms

A BELGIAN MEP blasted the German and other “unholy” European finance ministers for refusing to crack down on tax avoidance multinationals in the European Union.

Nov 17 04:03

Nothing Patriotic or Conservative About Our Bloated Defense Budget

Rep. John J. Duncan, Jr. Posted on November 16, 2017
***
I opposed almost all the major initiatives of the Obama administration. But it was false to say that the Defense Department was "depleted" or "eviscerated" during those years, or that now we must "rebuild the military."

In fact, public relations experts in future years should conduct studies about how the Defense Department has been able to convince the public it has been cut when it is getting more money than ever.

Defense Department appropriations have more than doubled since 2000. In addition, the Department has gotten extra billions in several supplemental or emergency appropriation bills.
***
Since now less than one percent of the people serve in the military, it may be that many people who never served feel, perhaps even subconsciously, that they must bend over backwards to show their patriotism.

However, it is not unpatriotic to oppose wasteful defense spending or very unnecessary permanent, forever wars.

>>>

Nov 17 03:41

Why Are We Shouldering Our Rich Allies' Defense?

U.S. friends in Europe and Asia can be their own first responders.

The Pentagon’s fiscal year (FY) 2018 budget request is $639.1 billion—$574.5 billion in base funding plus another $64.6 billion for overseas contingency operations, i.e., the ongoing wars in Afghanistan, Iraq, and elsewhere. That represents a $52.4 billion (9 percent) increase over FY 2017. Yet some lawmakers—such as Sen. John McCain (R-AZ) and Rep. Mac Thornberry (R-TX)—think we should spend even more. The problem is that their position depends on accepting our current strategy, which is a relic of the Cold War, not a forward-looking strategic vision for 21st century challenges.

It’s time for a robust debate about whether we need to spend hundreds of billions more U.S. taxpayer dollars to dominate an increasingly complex globe—or whether we should instead pursue a more realistic (and affordable) foreign policy that prioritizes U.S. security and increases burden sharing with our wealthy allies to protect our shared interests.

To provide some perspective, in constant FY 2018 dollars, current defense spending exceeds peak spending during the Reagan era, which was $609.6 billion—and has not been re-booted to the realities of the post-Cold War world.

The real reason the U.S. is spending more than $600 billion on defense is not to defend the American homeland against direct attack—which should be the primary mission of the U.S. military—but to defend other countries around the world, as we did during the Cold War.

Nov 16 19:39

REPORT: Charles Manson close to death in Bakersfield hospital

BAKERSFIELD, Calif. -- Charles Manson, the notorious criminal who was held responsible for some of the most gruesome and brutal murders in California's history is reportedly clinging to life in a hospital, according to a report.

Nov 16 19:29

Why this Oregon teen is facing federal drug charges for a gram of pot

Devontre Thomas is likely facing federal charges because the alleged possession took place at the Chemawa Indian School, which is run by the federal Bureau of Indian Education.

Devontre Thomas, 19, recently graduated from Chemawa Indian School in Salem and is heading to college this fall. But first, he’ll have to take a trip to the federal courthouse in Portland to fight the charge, stemming from an incident in March 2015.

Still, many are calling it a federal overreach, given the minuscule amount of marijuana involved in Thomas’s case — enough for one or two typical joints.

Nov 16 11:06

Wall Street Wants to Block a Massive Tax Simplification in GOP Tax Bill

The Wall Street Journal reports that fund managers complain the provision will “make markets work less well” and cost their investors more in taxes. But there’s little evidence it will do more than eat into the fees fund managers can charge for managing the complexity of the tax code.

Nov 16 07:46

Beer, booze and a Harvey Weinstein tax make it into the latest Senate tax overhaul plan

The latest changes to a Senate Republican tax plan, released at 10:30 p.m. on Tuesday, include tax cuts for producers of beer, wine and liquor, and a new provision that might be called the Harvey Weinstein tax: An end to corporations' ability to deduct attorney fees and settlement payments in sexual harassment or abuse cases if there is a nondisclosure agreement.

Nov 15 04:06

House Passes $700 Billion Military Spending Bill

***
The bill includes $634 billion for “core operations,” and $66 billion in Overseas Contingency Operations (OCO). The OCO budget is notoriously used by the Pentagon to shift money around to various programs as officials see fit without having to ask Congress to fund them.

This massive bill is the culmination of months of officials trying to outspend one another, with President Trump proposing what he described as one of the biggest increases ever>>>

Nov 15 03:20

Israel Uses US Tax Dollars to Abuse Palestinian Children. This Bill Would Put an End to That.

***
Rep. Betty McCollum, D-Minn., and nine co-sponsors on Tuesday introduced legislation that would require the U.S. State Department to certify every year that American military aid is not being used to fund the systematic abuse of Palestinian children.

If passed, the bill — titled the Promoting Human Rights by Ending Israeli Military Detention of Palestinian Children Act — would explicitly prohibit U.S. aid from being used by Israel to support the administrative detention or physical abuse of Palestinian children. The bill says that detention of Palestinian children is “inconsistent with the values of the United States.”

Bill Harper, McCollum’s chief of staff, told The Intercept that the legislation is an attempt to establish some sort of transparency over how Israel uses U.S. military aid, particularly as it relates to human rights abuses.

>>>

Nov 13 11:06

Florida Court Strikes Down Front-Yard Edible Gardens for Miami Shores

By Jason Erickson

Apparently the right to feed yourself and your family is indeed not a fundamental one, as a Florida attorney previously declared.

A longstanding battle between 17-year homeowners at the Village of Miami Shores, Tom Carroll and Hermine Ricketts, appears to have reached its sad conclusion...

Nov 13 10:00

The Whiskey Rebellion: How Brand New America Tore Up The Bill of Rights

223 years ago today, “The Dreadful Night” occurred in Western Pennsylvania, after an uprising called The Whiskey Rebellion.

The United States was brand new. Soldiers who had fought for independence from Great Britain found themselves on opposite sides of a skirmish. Some were having their rights violated practically before the ink was dry on the Bill of Rights. Other Veterans of the Revolution were doing the oppressing at Alexander Hamilton’s behest.

The Whiskey Rebellion saw farmers stand up to an unfair tax handed down by the federal government, and the government responded with the force of a monarchy. It may have all sprung from Alexander Hamilton’s desire for glory. Or Hamilton, the first Secretary of Treasury, may have had other motives for setting the precedent of force which still lives on today.

Nov 12 08:58

You Won’t Believe Who John Mccain Is Working With To Betray Trump

After John McCain single handedly killed two attempts to repeal and replace Obamacare, Republican leaders quickly realized they needed to pass tax reform to inspire the GOP base ahead of the 2018 midterms.

In the wake of the Democrat sweep in Virginia – where conservative voters stayed home because Congressional Republicans spent more time investigating Trump than helping him pass his agenda – leadership ramped up the urgency behind passing tax cuts.

Senate Republicans can only afford to lose two votes or else any effort to evade a Democrat filibuster will fail.

So it was only natural that McCain schemed to kill the bill by pronouncing it “dead on arrival.”

Nov 11 08:52

The House GOP’s Tax Plan Embraces Class Warfare

***
Instead of following through with the promise of taking seven brackets and simplifying them to three, Speaker Ryan and Chairman Brady added in a fourth bracket exclusively for millionaires,” complains David McIntosh, president of the pro-market Club for Growth (a group I’ve addressed numerous times). This complex foolishness imposes an effective marginal tax rate of 45.6 percent on single filers who earn $1 million to $1.2 million and couples who make between $1.2 and $1.6 million. “That’s a real tax increase on successful people who invest and create jobs,” McIntosh lamented. Shamefully, this would be 15.15 percent, or six percentage points, above today’s 39.6 percent top rate.

>>>

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA