TAXES | WHAT REALLY HAPPENED

TAXES

Feb 19 07:50

This free gift from the government is going to expire in a few years

The mere concept of a death tax is pretty offensive when you think about it. They tax you when you earn. They tax you when you save. They tax you when you spend. And they even tax you when you die.

Feb 18 11:32

FLASHBACK - Joe Stack STATEMENT: Alleged Suicide Note From Austin Pilot Posted Online

My introduction to the real American nightmare starts back in the early ‘80s. Unfortunately after more than 16 years of school, somewhere along the line I picked up the absurd, pompous notion that I could read and understand plain English. Some friends introduced me to a group of people who were having ‘tax code’ readings and discussions. In particular, zeroed in on a section relating to the wonderful “exemptions” that make institutions like the vulgar, corrupt Catholic Church so incredibly wealthy. We carefully studied the law (with the help of some of the “best”, high-paid, experienced tax lawyers in the business), and then began to do exactly what the “big boys” were doing (except that we weren’t steeling from our congregation or lying to the government about our massive profits in the name of God). We took a great deal of care to make it all visible, following all of the rules, exactly the way the law said it was to be done.

Feb 09 07:16

Exclusive Interview: Hungary Scrapping Income Tax for Under-25s to Support Youth, Families

The Hungarian government is scrapping income tax for under-25s to help young people “to have a future in Hungary, to start a family, raise children, prosper, and live” the country’s families minister told Breitbart in an exclusive interview.

This is part one of two part-part interview with Katalin Novák, Hungary’s Minister for Family Affairs.

Katalin Novák, who has been helping to drive Prime Minister Viktor Orbán’s pro-family agenda for seven years now, told Breitbart London that, according to preliminary calculations, the policy could help some 460,000 people in the country of roughly ten million, and estimated that “the income of youngsters will increase by 22 per cent” as a result.

Feb 08 15:29

Renouncing American Citizenship Hits All-Time Record

Treasury Department records show that 2020 set a new record for the number of Americans who renounced their U.S. citizenship or gave up their long-term green cards. Common reasons for renouncing can be family, tax and legal complications for people who generally live outside the United States. There is an official list published quarterly, and the names for the fourth quarter 2020 made the annual total 6,707, a 237% increase from 2019. That may not sound like many, but the actual number of expatriates is often assumed to be higher, with many apparently not counted. Both the IRS and FBI track Americans who renounce. Some renouncers write why they gave up their U.S. citizenship, but tax considerations are often part of the equation. Expats have long clamored for tax relief. Adding fuel to the fire is FATCA, the Foreign Account Tax Compliance Act. This U.S. tax law was passed in 2010 and requires an annual Form 8938 filed with the IRS if your foreign assets meet a threshold.

Jan 29 12:30

‘Sad billionaire’ slams ‘LOSER’ GameStop investors – then laments Biden taxes he voted for as ATTACKING THE WEALTHY

A hedge fund manager who famously cried over a Democrat tax proposal – then voted for Joe Biden anyway – slammed Robinhood investors buying GameStop stock as “losers” spending government stimulus money to gamble on the markets.

People “sitting at home getting their checks from the government, trading their stocks” are the problem, Leon Cooperman said on Thursday.

In a lengthy appearance on CNBC’s Fast Money: Halftime Report, the CEO of the New York-based Omega Advisors took aim at the small investors buying up stocks the “more knowledgeable” short-sellers had undervalued, blaming the Federal Reserve’s low interest rates and even the government’s coronavirus stimulus checks.

Jan 29 09:27

Warren calls CNBC reporter's 'bluff' on rich leaving US over wealth tax

Sen. Elizabeth Warren (D-Mass.) called a CNBC reporter’s “bluff” after the reporter suggested that wealthy Americans would leave the U.S. over a new tax.

Warren appeared on CNBC’s “Closing Bell” on Thursday, in which she discussed how levying a two-cent tax on the richest families in America would raise enough money for causes such as universal childcare and universal free college.

After hearing her remark, host Sarah Eisen said the tax “might also chase wealthy people out of this country as we’ve seen has happened with, with other wealth taxes.”

“You just said how much we need the economy to be revitalized right now for companies to start adding jobs and not subtracting them anymore,” Eisen said.

Jan 28 12:57

Stimulus check calculator: Confirm you received full relief payment before filing 2020 tax return

The Internal Revenue Service is essentially done sending stimulus checks, but if you didn't receive your fully promised payment, don't fret — there's a quick fix.

Americans who have not received their coronavirus stimulus check payments, or who received the incorrect amount, can claim the missing money when they file their 2020 tax return.

Jan 25 06:53

New Tax on Number of Miles You Drive?

Jan 23 08:01

Wayne Dupree: Biden said he was going to preside over a dark winter. Yep, he's making it happen, alright

The burden facing Americans is about to get greater. Taxes will increase, the cost of living will go up and 11 million illegal immigrants will become citizens. Liberal ideology is expensive, and the elite won't be paying for it.

?I don’t care much for Joe Biden as I voted for President Donald Trump, but the simple, undeniable truth is that Trump delivered in four years what Biden and company only ran their lying mouths about for 40 years. Now we’ve thrown Trump out and gone back to the non-delivering liars; that is powerful evidence that we are not very bright.

Jan 23 06:57

No Taxation Without Reform

Jan 22 09:06

Dem senator wants to weaponize the IRS, again

On Jan. 15, 2021, Sen. Ron Wyden, D-Ore., moved to enlist the IRS in the war to silence conservative voices.

Wyden, one of the most liberal U.S. senators and ranking member of the Senate Finance Committee, wrote a letter to IRS Commissioner Charles Rettig, claiming that certain tax-exempt organizations were "involved in promoting and organizing events that ultimately led to the violent insurrection." The proof of this, according to Wyden, is "press reports" showing that the events of Jan. 6 were "an orchestrated, organized event" and that "dark money" from the GOP was at the root of it all.

Jan 19 09:08

A comprehensive list of tax filing resources

Jan 18 16:21

40%: Biden's Plan To Raise Taxes & Minimum Wage Will Have Huge Impact On Average Americans

President-elect Joe Biden and congressional Democrats have revealed plans to raise taxes on wealthy individuals and firms, but vital obstacles remain even with Democratic majorities in the House and Senate.

This month’s Democratic wins in Senate runoffs in Georgia, giving Democrats control of the Senate for the first time since 2014, increases the odds of tax proposals pushing through Congress. However, slim margins in both the House and the Senate mean passing tax increases will be a hard task.

“Getting them to agree on a legislative proposal will not be easy,” said Jorge Castro, a former congressional aide and counselor to the IRS commissioner during the Obama administration who now works on tax law at Miller & Chevalier.

Jan 08 11:21

Businesses in this state face a $9 billion tax increase

Dec 18 10:16

Worried About Taxes? Consider These Ideas.

Dec 10 11:58

Democrats Planning To Weaponize IRS, Expanding 'Enforcement' Division To Suck Citizens Dry

House Democrats are forcing the IRS with $5.2 billion devoted to “enforcement activities,” provoking concern from conservatives who recall the tax-collecting agencies politicized targeting throughout the Obama administration.

Investigations by an inspector general and following congressional oversight managed the agency’s exempt organization’s union unjustly targeted tea party and conservative groups.

Dec 05 06:01

Joe Biden Wants a Huge New Tax on Gun Owners

Nov 24 15:58

The Tiny Dot

Nov 21 07:06

The Greatest Swindle in American History… And How They’ll Try It Again Soon

International Man: Before 1913 there was no income tax, and the United States was a much freer country. Initially, the government sold the federal income tax to the American people as something only the rich would have to pay.

Jeff Thomas: Yes, exactly. It always begins this way. The average person is always happy to see the rich taken down a peg, so this makes the introduction of the concept of theft by the government more palatable. Once people have gotten used to the concept and accept it as being perfectly reasonable, then it’s time to begin to drop the bar as to who “the rich” are. Ultimately, the middle class are always the real target.

International Man: The top bracket in 1913 kicked in at $500,000 (equivalent to around $12 million today), and the tax rate for it was only 7%. The government taxed those making up to $20,000 (equivalent to around $475,000 today) at only 1% – that’s one percent.

Nov 17 06:32

Get ready for the “Work From Home” Tax

Nov 12 12:54

Florida man formerly paid half of NYC taxes

Nov 11 12:31

People working from home should be taxed to help fund workers whose jobs are under threat, Deutsche Bank economists say

People working from home should be taxed to help fund workers whose jobs are under threat, a new report has said.

Economists from Deutsche Bank have suggested a tax of 5 percent of a worker's salary is introduced if they choose to work from home.

This tax would be paid for directly by employers with the income generated distributed to people who are unable to do their jobs from home, such as nurses and factory workers, for example.

Nov 10 14:42

WTF I love Joe Biden’s tax plan now...

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

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