TAXES | WHAT REALLY HAPPENED


TAXES

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.

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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
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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.
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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.

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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

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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.

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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.

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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

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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.

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Nov 10 10:30

Stocks Slump on News Senate Plan Delays Tax Cuts Until 2019

Stocks fell sharply on Thursday after the Washington Post reported that the Senate Republican tax plan would delay the cut in the corporate tax rate until 2019. While some in the Senate have objected to the delay, they were overruled by Senate Republican leaders, the Post reported.

Nov 10 09:39

Dow’s 8-week rally in jeopardy as tax-delay concerns spook investors

U.S. stocks fell for a second straight session on Friday, putting major indexes on track to end multiweek win streaks as investors expressed anxiety about a possible delay in much-anticipated corporate tax cuts.

Nov 08 08:24

Apple’s Most Innovative Product

It might be its tax-avoidance scheme.

Nov 07 17:06

3 Myths About Tax Cuts

Nov 07 10:06

Apple's secret tax bolthole revealed.

Nov 07 09:35

Corbyn says UK Queen should apologize if tax evasion proved

The Leader of Britain’s opposition Labour party says the British Queen should apologize for using overseas tax havens if they were used to avoid taxation in the UK.

Webmaster's Commentary: 

Good luck on that one!

Nov 07 08:21

Wall Street tax break once blasted by Trump preserved in Republican bill

As a candidate, U.S. President Donald Trump promised to close the "carried interest" tax break that benefits some of Wall Street's wealthiest financiers - but the Republican tax bill released on Thursday makes no mention of it.

Carried interest is a share of an investment fund's profits - typically about 20 percent beyond the return guaranteed to investors - that is paid out to the general partners of private equity, venture capital, real estate and hedge funds.

Under current law, carried interest income is taxed at the capital gains rate of 20 percent. That is well below the 39.6 percent rate that high earners pay on ordinary wages and salary.

Nov 07 05:16

Trump Asks Congress For Another $5.9 Billion For Military, Citing North Korea

In the course of his tour of the Pacific, President Trump is talking up more US deployments in the region, and is asking Congress to tack another $5.9 billion in spending to the already record military budget for 2018.

This money is going to include $4 billion for even more missile defense systems on the Korean Peninsula. These appear to be additional THAAD anti-missile systems above and beyond the ones already announced.

Another $700 million of the request is for repairs to a pair of ships, the USS John S. McCain and the USS Fitzgerald,which is the past year both crashed
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The $1.2 billion remaining may be the most informative, as President trump is seeking that to pay for 3,500 more ground troops in Afghanistan

Nov 06 18:51

Foreign aid madness: Fury over 'cover-up' of how taxpayers' money is spent

Guidance dictating the way billions of pounds of taxpayers’ cash is sent abroad remain confidential despite them drawn up to demonstrate "value for money".

The farce has seen the Treasury and Department for International Development [DFID] devise a plan for the way cash is dished detailing governance, approval processes and financial management to ensure money is not frittered away.

But auditors revealed the powerful departments “do not plan to publish their guidance”, despite it containing “guiding principles” about how public money is used.

It means taxpayers remain unaware how their money props up hundreds of schemes funded by Official Development Assistance, which last year saw the UK hand out £13.3 billion.

Nov 06 09:49

THINGS COULDN’T BE BETTER – RIGHT?

The cognitive dissonance is strong, as average Americans want to believe what their “leaders” are telling them to believe, but their personal financial situation contradicts the narrative. Even using the highly manipulated data peddled by the BLS, any critical thinking individual can see through the lies, misinformation and bullshit.

Nov 02 15:25

Middle-Class Americans In Line For HUGE Tax Cut…

Here's a good, short video summary of the tax bill rolled out by Republicans today.

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Nov 02 10:12

"This Is Absolutely Crazy": Obamacare Signups Start As Americans Increasingly Balk At Surging Premiums

After years of surging premiums and deductibles, will 2018 finally be the year that America's middle class throws in the towel and brings the whole scheme crashing down?

While we won't know the answer to that question for at least a couple of months, one thing is certain...if it happens it will most definitely be the result of the Trump administration's efforts to undermine the legislation and not the culmination of years of soaring costs that has rendered healthcare unaffordable for most American families. Well, at least that's the The Wall Street Journal's assessment of the situation:

Oct 27 19:14

Marshfield man locked in beer cooler overnight drinks beer, arrested

MARSHFIELD (WAOW) -
A Marshfield man is behind bars after police say he was locked inside a beer cooler at a convenience store, had several drinks, and then fled.

According to the police report, Van Ert drank an 18 ounce bottle of Icehouse Beer and three cans of Four Loko. He also fell over a stack of 30 pack Busch Light Cans.

Oct 27 10:29

Breaking: IRS Admits To Specifically Targeting Tea Party Conservatives – Obama Was Going After His Political Enemies

The American Center for Law and Justice (ACLJ) has won a years-long legal battle against the Internal Revenue Service in which the agency admitted that it wrongfully targeted Tea Party conservatives, during the Obama Administration, specifically because of their political viewpoints.

In issuing an “apology” to the clients represented by the ACLJ, the IRS admitted that it was wrong to use the United States tax code simply because of an entity’s name. They also admitted the bombshell fact that this discrimination happened specifically because of the applicants political viewpoints. Keep in mind the fact that the mainstream media has spent years telling the American people that this didn’t happen.

Oct 26 11:51

President Trump Names IRS Commissioner to Replace John Koskinen

It’s no secret that the IRS targeted conservatives during the Obama Administration – and they got away with it too, for the most part.

Former IRS unit director Lois Lerner was initially the central figure in the scandal, infamously pleading the fifth when summoned to testify. Obama’s Justice Department and FBI would conveniently later find “substantial evidence of mismanagement, poor judgment and institutional inertia” but “find no evidence that any IRS official acted based on political, discriminatory, corrupt, or other inappropriate motives that would support a criminal prosecution.”

It was just a coincidence that Lerner granted only ONE conservative group non-profit status in three years? Sure.

The IRS also fired people in connection with the scandal for unethical and even criminal actions, but didn’t have much trouble quickly rehiring 213 of them.

Oct 25 13:32

Judge refuses to force Trump admin to pay Obamacare subsidies – reports

A US judge will not block the Trump administration's decision to halt Obamacare subsidy payments to insurance companies, according to reports.

Oct 23 11:25

London Introduces Carbon “T-Charge” Tax On Diesel and Older Petrol Vehicles

By Aaron Kesel

As part of the plan to begin phasing out gas and diesel car sales over the next three decades, drivers of diesel vehicles and older petrol cars in the UK will now face a tax called T-Charge for driving into the financial district and parts of west London, Reuters reported.

Drivers are already charged 11.50 pounds ($15) under a congestion charge. But those driving petrol and diesel vehicles typically before 2006 will now need to pay an additional 10 pounds ($13.19). That means if you have an older vehicle before 2006 or a diesel vehicle you will be paying a total of 21.50 pounds or ($28.19) just to get into the city...

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