TAXES | WHAT REALLY HAPPENED


TAXES

Jan 15 14:08

IRS Admits It Encourages Illegals To Steal Social Security Numbers For Taxes

This isn’t exactly the kind of story the IRS wants buzzing around at tax time. The IRS and Justice Department normally want 'scared straight' stories just before Tax Day. Ideally, when an indictment or conviction for tax evasion hits the news, it makes you think twice. Somehow, you think just a bit more about all those deductions, or if you really reported all your income, before you sign your return under penalties of perjury.

Instead, we have the top dog at the IRS, the IRS Commissioner himself, admitting that, well, there’s a problem with illegal immigrants and taxes. In fact, the top IRS official this time wasn’t talking about how the IRS wipes some hard drives or can’t find emails. He wasn’t even asking for a bigger budget to give bonuses to IRS employees.

Jan 14 19:15

On January 3rd 2019 the House Proposed HR 25, ‘‘Fair Tax Act of 2019’’- A Bill That Will Destroy the IRS and the Privately Operated Federal Reserve Forever

116th Congress, 1st Session

To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.

HR 25 the ‘‘Fair Tax Act of 2019’’

Jan 14 13:42

FLASHBACK 1992 - Ad to Accuse Bush of Tax Loophole Ploy

An independent political action committee is scheduled to begin airing television advertisements today accusing President Bush of exploiting a loophole to substantially reduce his personal tax bill over the past decade.

The ad--a copy of which was provided to The Times--attempts to move toward center stage an issue which has rumbled around the periphery of the presidential campaign all year: whether the President has tried to avoid state income taxes in Maine, where he maintains his Kennebunkport family home, by claiming legal residence in Texas, which has no state income tax.

Bush does not own a home in Texas; he sold his Houston residence in 1981 after he was elected vice president and purchased the Maine house from his aunt. At that point, he claimed Kennebunkport as his principal residence--which would have allowed him to avoid paying capital gains taxes on the sale of his Houston home--but the IRS rejected his argument.

Jan 14 12:30

California: Communist Governor Proposes Taxing Drinking Water

Just when you think California cannot possibly come up with more things to tax, the new governor, Gavin Newsom, decides to tax drinking water. In Newsom’s first budget proposal on Friday, the communist included a tax on drinking water.

The new budget, titled “California for All,” declares drinking water a “fundamental right,” yet proposes to tax that “right.” “The Budget includes short-term measures to bring immediate relief to communities without safe drinking water and also proposes an ongoing sustainable funding source to address this problem into the future.”

Webmaster's Commentary: 

Next they will tax air!

Jan 12 09:12

Why Ireland May Soon Have to Say Goodbye to the Low Tax Rates That Made the Nation Rich

By John Phelan

In 1988, The Economist magazine ran an article on Ireland titled “The poorest of the rich.” The title was well-deserved. That year, Irish per capita GDP was just 70 percent of the figure for the United Kingdom and 52 percent that of the United States. The unemployment rate was 16.2 percent compared to 8.5 percent in Britain and 5.5 percent in the United States. Irish government debt amounted to 85 percent of GDP compared to 60 percent in the United States and 37 percent in the United Kingdom...

Jan 12 08:12

US marginal an net tax rates

Jan 12 06:39

IRS Free File opens today

Jan 10 12:21

California, New York roll out taxpayer-funded health care for illegal aliens; the sick will now flock to these states en masse

California Governor Gavin Newsom and NYC Mayor Bill de Blasio are rolling out new “free” healthcare initiatives for illegal immigrants. While illegals may be able to access care in these areas free of charge, it will cost tax-paying Americans a pretty penny. Newsom reportedly struggled to explain how California would pay for the expansion of healthcare for illegals, which he signed into law by executive order earlier this month. The Golden State is already in financial ruin, and it is hard to believe spending more tax dollars is going to help in any way, shape or form.

Jan 07 09:41

Pelosi Introduces Bill To Force Trump, Pence To Release Tax Information. Congress Exempt

CNBC reported that Sarbannes said in a statement that “Once we clean up Washington and get special interests out of the way, we can get to work on a whole host of important issues that Americans care about.” However, from the items specified in the bill’s summary, it appears more like it is about addressing the Democrats’ “special interests.”

One glaring example of that is found in Title X – Presidential Transparency. In the summary, it reads simply as “Requires sitting presidents and vice presidents, as well as candidates for the presidency and vice presidency, to release their tax returns.”

Forcing President Donald Trump to release his tax returns was a talking point used in the 2018 mid-term elections by Democrats. Of note is the fact that Congress is not held to the same standard.

Jan 07 09:29

Julian Castro cites 90 percent tax on rich in defending Alexandria Ocasio-Cortez on tax hikes

Likely 2020 Democratic presidential candidate Julian Castro agrees with Rep. Alexandria Ocasio-Cortez that tax rates on some of the wealthiest Americans should skyrocket.

"Oh, I can support folks at the top paying their fair share," Castro told ABC News' "This Week" on Sunday when asked directly whether he could endorse the high-profile New York Democrat's idea.

The Obama-era Housing and Urban Development secretary, who is expected to officially announce he's running for the White House this week, made the comments after Ocasio-Cortez caught flak for suggesting people earning more than $10 million could be taxed between "60 or 70 percent."

Jan 06 15:34

What the President Could Do If He Declares a State of Emergency

Deep State point of view,but a lot of truth about how much power the President would have if he invoked a State of Emergency and Martial Law.

The moment the president declares a “national emergency”—a decision that is entirely within his discretion—he is able to set aside many of the legal limits on his authority.

Jan 06 14:45

It Begins: Russia, China, and India Are Now All Dumping the US Dollar

(RT) — The past year was full of events that inevitably split the global geopolitical space into two camps: those who still support using US currency as a universal financial tool, and those who are turning their back on the greenback.

Global tensions caused by economic sanctions and trade conflicts triggered by Washington have forced targeted countries to take a fresh look at alternative payment systems currently dominated by the US dollar.

RT has taken a deeper look into the recent phenomena of de-dollarization, summing up which countries have taken steps towards eliminating their reliance on the greenback, and the reasons behind their decision.

Jan 06 14:05

Stamp of disapproval: Postage increases set for end of January

Nothing lasts forever — not even 50-cent postage stamps. The United States Postal Service announced that the cost of its Forever stamps will rise five cents apiece on Jan. 27 from 50 cents to 55 cents.

Jan 06 09:26

The IRS Wants To Use Social Media To Catch Tax Cheats

The Internal Revenue Service is looking for ways to scour social media platforms like Facebook, Instagram, and Twitter in its ongoing quest to catch tax cheats.

That’s according to a request for information issued December 18 by the IRS’s National Office of Procurement. The mining of social media data by the agency has been suspected in the past, but the IRS has never before confirmed the practice.

“Businesses and individuals increasingly use social media to advertise, promote, and sell products and services,” the IRS solicitation reads. “For example, taxpayers can create ‘online stores’ on social networking sites free of cost. Much of this information is unrestricted, allowing the public, businesses and various governmental agencies to discover taxpayers’ locations and income sources. But the IRS currently has no formal tool to access this public information, compile social media feeds, or search multiple social media sites.”

Jan 04 11:28

Alexandria Ocasio-Cortez Suggests Super Wealthy be Taxed Up to 70% to Fund ‘Green New Deal’

Rep. Alexandria Ocasio-Cortez sat with Anderson Cooper for an upcoming 60 Minutes interview set to air this Sunday, a portion of which has been released as a promotion. In the released segment, Ocasio-Cortez reveals how exactly she suggests paying for the environmental agenda known as the “Green New Deal” — with remarkably higher tax rates for the super wealthy.

Ocasio-Cortez suggests in the clip that in her esteem, people should be doing more to pay their “fair share.” When Cooper pressed on how she could possibly pay for the deal, she pointed to the progressive tax rate system in the 1960s, explaining that if you earn 0 to $75,000 a year, you would only pay 10% or 15% in income tax.

Jan 04 10:37

While most Americans thought they wouldn't be affected by the partial government shutdown, anyone with a federal tax refund coming to them will have to wait until the stalemate is over, according to the Wall Street Journal.

While most Americans thought they wouldn't be affected by the partial government shutdown, anyone with a federal tax refund coming to them will have to wait until the stalemate is over, according to the Wall Street Journal.

During a shutdown, the IRS can continue activities that protect government property, and the agency may bring in more workers soon to prepare for the income-tax filing season. Even during a shutdown, the agency still processes some tax returns that include payments, keeps computer systems running and continues criminal investigations. But the IRS generally doesn’t conduct audits, respond to taxpayer questions outside the filing season or—brace yourself—pay refunds.

A shutdown that gets resolved within a few weeks would have little ultimate effect on taxpayers, but lawmakers have made little or no movement toward a deal.

Webmaster's Commentary: 

This timing is particularly grating for those who planned to used their refund money for a specific need; but the real problem, which will cause the excrement to hit the ventilation shaft, is when the money runs out for the national food stamp program.

Civil Unrest Watch: Food Stamp Money To Run Out End Of January If Govt Shutdown Lasts That Long

Jan 04 08:35

Google routed $23bn to Bermuda in 'legal' tax avoidance scheme

US tech giant Google moved some $23 billion in profits to a Bermuda tax haven in 2017, an increase of $4bn from 2016, newly released filings reveal. Google has exploited the loophole in the EU tax system for years.

Google has used a Dutch shell company, called Google Netherlands Holdings BV, to shift billions of dollars to its another affiliate, Google Ireland Holdings, based in Bermuda, for years, to avoid being subjected to much higher US and European income taxes.

Jan 04 07:37

Google Moved $23 Billion to Shell Company to Avoid Paying US, EU Taxes in 2017

The tech giant is still using an offshore company to avoid US and European taxes on its overseas revenues, but it looks like this scheme is going to end soon.

Google moved almost $23 billion in euros through a Dutch shell company to Bermuda in order to avoid paying taxes back home in the US in 2017, according to documents presented at the Dutch Chamber of Commerce on December 21 and obtained by Reuters.

The money was moved via Google Netherlands Holdings BV, the documents say, with the amount of money shifted through this company in 2017 being $4.5 billion more than in 2016.

Jan 03 10:59

Trump and Clinton share Delaware tax 'loophole' address with 285,000 firms

This squat, yellow brick office building just north of Wilmington’s rundown downtown is the registered address of more than 285,000 companies. That’s more than any other known address in the world, and 15 times more than the 18,000 registered in Ugland House, a five-storey building in the Cayman Islands that Barack Obama called “either the biggest building in the world, or the biggest tax scam on record”.

Officially, 1209 North Orange is home to Apple, American Airlines, Coca-Cola, Walmart and dozens of other companies in the Fortune 500 list of America’s biggest companies. Being registered in Delaware lets companies take advantage of strict corporate secrecy rules, business-friendly courts and the “Delaware loophole”, which can allow companies to legally shift earnings from other states to Delaware, where they are not taxed on non-physical incomes generated outside of the state.

Dec 27 07:23

Stealing Money From The Voters: Won’t Last Much Longer.

On September 10, 2001 Secretary of Defense Donald Rumsfeld went on CBS Evening News and admitted that the Pentagon (under the Clinton regime) had spent $2.3 trillion but had no idea where the money went. He promised the American taxpayers that the money was well spent but we just didn’t know where it was. And he promised to improve both the bureaucratic and accounting procedures at the Pentagon so they taxpayers would know their money was being well looked after.

17 years after Rumsfeld pledged to improve DOD budgetary controls, Dr Mark Skidmore, who normally worked with state government accounts where occasionally he found that someone spent as much as $300 without getting a receipt, decided to investigate claims that billions and even trillions had gone missing from federal departments.

Dec 25 08:41

Mnuchin can’t stand up to his boss

Mnuchin can’t stand up to his boss — and it’s costing you money

Imagine missing Donald Regan, President Reagan’s famously irascible Treasury secretary, on Christmas Eve. Imagine spending a morning normally devoted to preparing to mark the birth of a savior brushing up on the exact requirements of the 25th Amendment for removing a president of the United States from office.

But that’s what I did, as more of your retirement money and mine was flushed down the toilet, courtesy of current Treasury
Secretary Steven Mnuchin’s utterly inexplicable decision this weekend to weigh in publicly on big U.S. banks’ ability to withstand a run that literally no one had said was happening, as part of a panicking administration’s unwillingness to tell President Donald Trump “no” about anything.

“I’ve got (*YULETIDE) - you money,” said Regan, reportedly. “Anytime I want, I’m gone.”

Which Mnuchin might have recalled when he tweeted about whether the president could, or would, fire the nominally independent Federal Reserve chairman Jerome Powell for raising interest rates faster than Trump would like.>>>

Dec 20 14:23

JEFF FLAKE WILL INTRODUCE BILL TO RAISE TAXES BEFORE LEAVING SENATE

Outgoing Arizona Republican Sen. Jeff Flake will soon co-introduce legislation to tax carbon dioxide emissions, according to news reports.

Flake, who will not be returning to Congress next year, and Delaware Sen. Chris Coon, a Democrat, will introduce their carbon tax bill as soon as Wednesday. The bill is unlikely to go anywhere with just two weeks left in the current legislative session.

Flake and Coon’s bill will be the Senate companion to bipartisan House carbon tax legislation introduced in November. The Washington Times first reported of Flake’s carbon tax bill Wednesday, and The Hill later confirmed it.

Dec 20 12:38

IF IT FEELS GOOD, TAX IT

Dec 19 21:06

STUNNER: Trump Middle-Class Tax Cut On Hold

Treasury secretary: Trump's middle-class tax cut on hold

Treasury Secretary Steven Mnuchin said a 10 percent tax cut for the middle class President Trump called for ahead of the midterm elections is on the back burner.

"I'm not going to comment on whether it is a real thing or not a real thing," Mnuchin told Bloomberg in an interview Tuesday. "I'm saying, for the moment, we have other things we're focused on."

Mnuchin said that the administration is putting the middle-class tax cut on the back-burner while the Department of the Treasury works with Congress on “some minor technical corrections,” like fixing mistakes in the 2017 tax overhaul.

>>>

Dec 19 07:51

Our Global Taxation Nightmare

Dec 17 15:26

CALIFORNIA TAXES

Dec 13 05:37

China Tariffs Are A Regressive Tax On Americans

China tariffs are a regressive tax on Americans — and putting us at risk for a new recession

(*same thing Xi was trying to say six months ago !)

Dec 11 14:45

A conservative case for the carbon tax?

Dec 11 07:59

A Pentagon Famous for “Losing” $Trillions Makes “Accounting Error” and Refuels Saudi Yemen-Bombing Jets for Free

The Pentagon's "accounting error” regarding the refueling of coalition jets in Yemen is just another swindle in a long line of accounting issues from the poshest military in the world

According to a recent report, the Pentagon failed to charge the Saudi Arabia-United Arab Emirates (UAE) coalition waging war in Yemen for the refueling of planes as well as for the fuel itself. As a result of the inadvertent “giveaway,” which the Pentagon has blamed on an accounting error, U.S. taxpayers are believed to have paid as much as tens of millions of dollars towards the coalition’s bombing campaign in Yemen, which has routinely targeted schools, hospitals, weddings, funerals and even a school bus.

The Pentagon’s failure to properly charge the Saudi-Emirati coalition was revealed in a Department of Defense (DoD) letter dated November 27>>>

Dec 10 14:20

Eventually This Had To Happen: France Investigates Russia Over Yellow Vest Riots

France is investigating Russia over the yellow vest riots. Sorry, Macron, please look in the mirror.

Dec 10 14:00

The U.S. Is Paying More Than It Bargained for in the War on Yemen

The Pentagon says that “errors in accounting” mean Saudi Arabia and the United Arab Emirates have not been properly charged for refueling.

President Donald Trump, who repeatedly complains that the United States is paying too much for the defense of its allies, has praised Saudi Arabia for ostensibly taking on Iran in the Yemen war. It turns out, however, that U.S. taxpayers have been footing the bill for a major part of the Saudi-led campaign, possibly to the tune of tens of millions of dollars.

>>>

Dec 09 09:29

France is the new tax hell in Europe and beyond

While the dust has not yet settled in the streets of Paris, after sweeping protests against fuel tax hikes, it just so happens that France has taken the crown from Denmark as the most taxed country in 2017, the OECD found.

Among the 34 developed members of the Organization for Economic Cooperation and Development (OECD), Emmanuel Macron leads the nation with the highest tax-to-GDP ratio, the organization reported. France leads with 46.2 percent of GDP against the average of 34.2 percent of other members, thus dropping the long-standing leader in the rating, Denmark.

The Scandinavian country’s numbers, meanwhile, shrank to 46 percent, down by 0.2 since last year. Sweden, Italy, and Greece round out the top five, while Mexico is the last on the list at 16.2 percent.

Dec 08 11:57

What Ohio’s Tax Gimmick Really Means for the Blockchain Industry

By Max Gulker

Quickly browsing the headlines on November 26, you might be forgiven for having thought some much-needed good news for Bitcoin had hit the wire. “Ohio Becomes First US State to Allow Taxes to be Paid in Bitcoin” was the headline at CoinDesk, echoed in many other media outlets. Even a quick look shows, however, that this was merely a feel-good piece of legislation that bundled a user-friendly cryptocurrency exchange that companies could have easily accessed on their own with electronic tax filing.

But when is a gimmick more than just a gimmick? Behind the tax announcement and a few other seemingly cosmetic measures, Ohio might be communicating something of substance to the nascent blockchain industry...

Dec 06 09:03

How US Military Spending Keeps Rising Even As The Pentagon Flunks It's Audit

flashback;NOVEMBER 27, 2018:The Pentagon’s Massive Accounting Fraud Exposed

On November 15, Ernst & Young and other private firms that were hired to audit the Pentagon announced that they could not complete the job. Congress had ordered an independent audit of the Department of Defense, the government’s largest discretionary cost center—the Pentagon receives 54 cents out of every dollar in federal appropriations—after the Pentagon failed for decades to audit itself. The firms concluded, however, that the DoD’s financial records were riddled with so many bookkeeping deficiencies, irregularities, and errors that a reliable audit was simply impossible.

>>>

(*still , that's no reason to not expect an announcement of a 'rain date' for Trump's Military Parade !)

Dec 06 07:09

US To Send $7,000 Per MINUTE To Israel

The title speaks for itself!
https://www.youtube.com/watch?time_continue=11&v=ONXKxL3px50

A stack of 3.8 billion dollar bills would reach the International Space Station. The new package to Israel will give Israel ten times that much money. An Israeli official gloated that the package was obtained “despite budget cuts, including defense cuts, in the U.S.”

Dec 04 15:13

The Real Significance Of The French Tax Revolt

At some point, it is too much. Just as the citizens suffering under Soviet rule finally said no more, the people suffering under social-democratic rule might someday do the same. Observers have waited decades to see reforms that might forestall such a thing. Reforms haven’t happened. Now the people are in the streets, setting fires and protesting the police. -- And it’s not just France. It’s spreading to Belgium and the Netherlands – the building of a European Spring. -- What we see in Paris today might be the end of social democracy as we know it. What comes in its place is what the battle of ideas today is really about.

Dec 04 09:21

The Real Significance of the French Tax Revolt

By Peter C. Earle

The gilets jaunes (Yellow Jacket) anti-tax riots in France escalated over the past weekend, again citing the impact of higher taxes on fossil fuels – and high levels of taxation in general – on everyday life. French citizens, already subject to the highest taxes in the OECD, are being crushed by both new and systematically increasing taxes, and have taken to the streets by the hundreds of thousands in a “citizen’s revolution”. Recommendations to declare a state of emergency have for the time being been tabled.

With no sense of irony whatsoever, in a press conference on Saturday French President Emmanuel Macron stated: “I will never accept violence.”

Yet violence is the core component of his chosen vocation as a statesman...

Dec 02 17:49

Our deficits may finally be coming home to roost

There are no “free lunches” in fiscal policy. All government spending must be paid for by taxpayers, either today or in the future. The burden of deficit spending may show up as an inflation tax, if the Fed opts to monetize the debt. -- More likely, the burden will fall on future generations that inherit a smaller capital stock and are faced with paying higher tax rates.

Dec 01 11:23

Chicago’s New PlayStation Tax Shows How Greedy Politicians Can Be

By Brittany Hunter

“If it moves, tax it.” That’s government’s eternal motto, as Ronald Reagan quipped. To this, the city government of Chicago has added, “If it amuses, tax it.”

A few weeks ago, PlayStation 4 users in Chicago were shocked when they turned on their consoles and saw a message from Sony. The message informed users that as of November 14, 2018, they would be required to pay a 9 percent “amusement tax” for PlayStation subscriptions such as PlayStation Now, PlayStation Plus, PlayStation Music, and others...

Dec 01 10:24

Escaping the Global Banking Cartel - aantonop


Expanding on an observation from his last talk, Andreas asks why we talk so much about the cartels in drugs and oil, but rarely about one of the largest cartels in the world: banking. He analyses recent (unacknowledged) history with the 2008 financial crisis, the corrupt revolving door with regulators, how kleptocracy is destroying democracy, and why Bitcoin matters as an exit when voice is no longer an option.

Nov 30 04:06

Pro-Israel groups attack Rand Paul for blocking $38 billion to Israel

Free Beacon reports that "pro-Israel groups in America are mobilizing against Sen. Rand Paul (R., Ky.) for blocking the continuation of U.S. aid to Israel." Paul has placed a "block" on legislation to give Israel $38 billion over the next ten years - $23,000 per every Jewish Israeli family of four. This is the largest military aid package in U.S. history ... A block is a legislative procedure in which a senator calls on the floor leader not to move forward with a bill and indicates that the senator may filibuster against it. Jewish News Syndicate reported last week that the American Israel Public Affairs Committee (AIPAC) had sent an action alert to its members calling on them to pressure Paul to remove his block on the bill ... AIPAC has also been purchasing advertisements on Facebook attacking Paul "as the primary Senate force blocking the reauthorization of the U.S.-Israel security pact."
Note: https://ifamericaknew.org/us_ints/introlobby.html 100 million plus!

Nov 28 10:32

Exclusive: The Pentagon’s Massive Accounting Fraud ExposedHow US military spending keeps rising even as the Pentagon flunks its audit.

n November 15, Ernst & Young and other private firms that were hired to audit the Pentagon announced that they could not complete the job. Congress had ordered an independent audit of the Department of Defense, the government’s largest single cost center—the Pentagon receives two of every three federal tax dollars collected—after the Pentagon failed for decades to audit itself. The firms concluded, however, that the DoD’s financial records were riddled with so many bookkeeping deficiencies, irregularities, and errors that a reliable audit was simply impossible.

Webmaster's Commentary: 

This .... is absoflippinglutely unbelievable.

But I will add one caveat here: expect this accountability to be solved.... when pigs discover they are aerodynamic.

Nov 28 05:15

Brace Yourselves: A 163% Meat Tax Could Be Coming

How would you like to pay a 163% meat tax every time you want a steak or a burger? What about when you want some bacon with breakfast, or when you’re craving a ham sandwich?

After much talk, economists and so-called health experts have finally decided what’s best for society: no steak for you!

Do you think you and your family deserve an extra tax for having a steak every now and then? Well, brace yourselves…because social taxes are what’s for dinner.

Nov 26 11:34

The Inversion Agenda

We are now living in the last stage of a plan to invert the individual and society from natural order. The plan will be deemed a success when most human beings on the planet live inverted to their biology and nature, and come to believe that an inverted reality has always been a normal state of affairs.

The elites are performing the inversion to weaken man to such an extent that their rule will never be threatened. In effect, they are creating a permanent slave class that will be as incapable of overthrowing their masters as a herd of cows is incapable of killing the farmer who owns them, even though those cows descended from powerful bulls that could only be handled with specialized training or weapons. There is no better way to weaken humans than to take away their natural strengths, pit them against each other through a multitude of invented identities, and convince them that strength can only come in hedonistic pleasure that focuses around food, entertainment, and sodomy.

Nov 26 10:47

Ohio to accept Bitcoin for tax payments… but DC always wants a cutBy Joe Jarvis - November 26, 2018

But the US government insisted that residents pay the tax not in whiskey, but in coin.

For big commercial distilleries, this wasn’t an issue. Since they sold their whiskey anyway, they had the coin to pay the tax.

But for random Pennsylvanians who brewed whiskey as a way to preserve their grain, this was horribly oppressive. Not only would the government take a portion of their livelihood, but they would force the people to somehow come up with money to pay the tax.

But whiskey was the money for these people. They never planned to sell it. And they couldn’t compete against the big distilleries, which because of scale, had cheaper per gallon costs.

So individuals had to sell some of their whiskey for a loss in order to come up with the coin to pay the tax.

If the government had accepted the actual whiskey as payment for the tax, the injustice wouldn’t have been so intense.

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