TAXES | WHAT REALLY HAPPENED

TAXES

Jul 30 07:56

Over-Taxed: The Middle Class Is Being Wiped Out, NJ Residents Flee In Droves

New Jersey residents are fleeing their state in droves thanks to the over taxation and immense financial burden placed on them by their socialist state government. In addition to the already sky-high federal tax that we are all forced to pay, those in New Jersey are struggling to make enough money to live after the state also steals a cut of their income.

The SALT (state and local tax) cap has hit high-tax states like New York, California, and New Jersey particularly hard because these states steal a higher portion of an individual’s income. As a result, affected residents have begun to move to other states – a trend that experts expect to accelerate, according to Fox Business.

Jul 28 12:26

OVERTAXED: The Middle Class Is Being Wiped Out, NJ Residents Flee In Droves

By Mac Slavo

New Jersey residents are fleeing their state in droves thanks to the over taxation and immense financial burden placed on them by their socialist state government. In addition to the already sky-high federal tax that we are all forced to pay, those in New Jersey are struggling to make enough money to live after the state also steals a cut of their income.

The SALT (state and local tax) cap has hit high-tax states like New York, California, and New Jersey particularly hard because these states steal a higher portion of an individual’s income...

Jul 27 08:53

10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS

By Jamie Redman

On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August. The news follows the recent IRS taskforce slide that shows alarming recommendations on how tax agents should investigate digital currency users...

Jul 25 08:11

Want to Fix Health Insurance? Start With the Tax Code

By Ethan Lamb

In March, President Trump tweeted, “The Republican Party will become ‘the party of healthcare!’”

Given the GOP’s inability to deliver on that promise over the better part of the past decade, many have remained despondent. After all, health care policy may be the one area where such disparate visions would make any attempt at compromise futile and, perhaps, even counterproductive. But underneath the tribalistic bullheadedness and partisan signaling lies a common enemy: employer-sponsored health insurance...

Jul 24 10:59

Former IRS Head Steve Miller Repeatedly States That Income Taxes are Voluntary

The clip is from 2013, exactly 100 years after the income tax became law, and the Federal Reserve Banking Cartel came into existence.

Jul 24 09:28

Home Equity Theft: How a Man’s Home Was Seized Over $8.41 in Unpaid Taxes

By Brittany Hunter

While he had paid his 2012 and 2013 property taxes in full, he discovered that he had accidentally underpaid in 2011. When he made this realization and tried to correct his mistake in 2013, he forgot to account for the interest that had accrued on his back taxes. As a result, he underpaid by a measly $8.41. The county seized and sold his property...

Jul 23 19:29

Sorry, I Don’t Want to Pay for More Bombs: Bitcoin as a Hedge Against Funding War

By Graham Smith

After nearly two decades of U.S.-led coalition bombs falling on the Middle East, peace in the region still has not been achieved. Now the United States is once again bolstering military forces, this time in Saudi Arabia. Meanwhile, taxpayers in multiple countries are being forced to pay for these ill-fated and unethical campaigns, with little to no say in the matter. Bitcoin and cryptocurrency provide a means, however, to store and move value in peaceful ways, in lieu of donating to the murder of strangers overseas...

Jul 17 18:33

What If Charity Replaced Taxation?

By Jean Vilbert

Is State activity the only or best way to provide services to the poor? Do we have alternatives? How about charity? Couldn’t charity replace taxation? It could—and with solid advantages.

There are four main reasons why this is the case: moral, political, financial, and psychological...

Jul 15 14:38

Congress Courageously Sticks US Taxpayers With a $6 Trillion Liability

By Simon Black

The names of these laws all sounded wonderful. But their effects were absolutely terrible.

The new SECURE Act will likely be no different.

If you haven’t heard of SECURE, it’s a new piece of legislation aimed at ‘fixing’ the US retirement system...

Jul 10 10:09

Chicago Stops Smart Water Meters After Lead Found in Homes, Despite Spending $480M and Raising Rates

By B.N. Frank

Activist Post has reported about the MANY issues associated with wireless utility Smart Meters including how terribly expensive they are and how the cost is usually passed onto unsuspecting taxpayers. Here's another...

Jul 09 11:43

IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users

By Jamie Redman

A recently published U.S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts and issue subpoenas to make sure U.S. residents are paying taxes on their cryptocurrencies...

Jul 06 09:15

Now that Trump has declared war on the Federal Reserve - here's a history meme to start your day.

If we do not know history, we are doomed to repeat it.

"all wars are bankers wars"

PRIVATE CENTRAL BANKING is and has always been the world's greatest villain

Jul 05 10:49

Life Before The Income Tax

By Martin Litwak

If someone from the 17th century came back to life, he or she would be surprised, most of all, by the means of transport and communication tools we use now.

The income tax is another recent invention...

Jul 01 18:03

These 12 U.S. States Just Hiked Gasoline Taxes

Jun 23 07:29

How to Retire in a Zero Percent Tax Bracket

Jun 14 09:20

Fox's Ainsley Earhardt defends giant corporations paying no taxes: "So what?"

EARHARDT: Listen, when you create 300,000 jobs, so what if you get a tax break? That's great. We want you to come to New York. Remember when Amazon was supposed to come here, and then it was squashed by all these lawmakers? It's ridiculous. If you hire 300,000 people, they all live in your community, right? Not only are you employing them so that they feel good about themselves, they're working hard, but also they spend money in your community, they buy houses, they pay taxes, they send their kids to school. It's ridiculous. So what if they don't pay as much in taxes as everyone else does?

Jun 13 12:14

Sanders: Socialism Will Spike Taxes, But Americans Will Be ‘Delighted’ To Pay Extra

Democratic presidential hopeful Bernie Sanders acknowledged a tax increase from his policies and said Americans would be “delighted” to pay extra, in a CNN interview with Anderson Cooper Wednesday.

“I suspect that a lot of people in this country would be delighted to pay more in taxes if they had comprehensive health care as a human right,” Sanders said. The Vermont senator also went on to tell Cooper that he bases his principles on his 50-mile proximity to the Canadian border, where universal health care is law.

What Sanders did not include in his statement was the cost of his programs. The Mercatus Center at George Mason University released a study in 2018 saying Americans can estimate to foot a $32.6 trillion bill over a 10-year period for “Medicare for All,” Fox News reported. Sanders has also omitted cost information on his campaign website.

Jun 12 10:57

NBC Promotes Kamala Harris’s ‘Big Idea’ to Jack Up the Death Tax

While completely ignoring those facts, Smith allowed Harris to freely declare “we will pay for it by increasing the estate tax.” Estate tax, a.k.a. the death tax.

This Democrat-policy megaphone segment came shortly after the network boosted former Vice President Joe Biden’s visit to Iowa, where he decried President Trump’s trade war because it hurt Iowa farmers. But one of the largest threats to family farms (like the ones in Iowa) was the death tax.

Because of the value wrapped up in all aspects of farming and its illiquid nature, it can become nearly impossible for families to keep their farms when they’re forced to pay massive death taxes after a loved one passes.

Jun 06 10:50

How Connecticut's "Tax On The Rich" Ended: Middle-Class Tax Hikes, Lost Jobs, More Poverty

In the past 30 years, just one U.S. state has adopted a progressive income tax: Connecticut. It made the switch from a flat income tax in 1996, phasing in the progressive income tax over three years.

The results were disastrous. And they should halt, or at least caution, Illinois lawmakers now pushing to do the same.

Connecticut’s experience is a warning that switching to a progressive income tax will eventually end in a tax hike on Illinois’ struggling middle class, result in fewer jobs – particularly for those on the margins of the labor force – and increase poverty. It will fail to combat inequality or fix the state’s finances.

While Connecticut lawmakers sold the progressive tax as a way to provide middle-class tax relief and reduce property taxes, neither occurred. Instead, everyday taxpayers have been hit with recurring income and property tax hikes.

Jun 05 11:28

Californians dodge another tax increase as lawmaker pulls bill opposed by tire dealers

A proposal to raise the California tire change fee, which critics called a tax that would hit lower-income residents hardest, has been pulled at the request of its sponsor.

Assemblyman Chris Holden, D-Pasadena, requested that Assembly Bill 755 be shelved on Wednesday.

“We are in the first year of a two year legislative session, and we need more time to work with stakeholders so that we can successfully navigate it through the legislative process and ultimately deliver a solution that many cities need to mitigate stormwater contamination,” Holden said in a statement.

AB 755 was part of a raft of tax increase proposals considered by the Democrat-controlled Legislature this session. The bill would have raised the tire change fee from $1.75 to $3.25, with the estimated $55 million in annual revenue going into the state’s Stormwater Permit Compliance Fund.

Webmaster's Commentary: 

A tax to change your tire?!?

May 31 10:06

It’s Getting Worse: The IRS Now Audits Poor Americans at About the Same Rate as the Top 1%

As the agency’s ability to audit the rich crumbles, its scrutiny of the poor has held steady in recent years. Meanwhile, a new study shows that audits of poor taxpayers make them far less likely to claim credits they might be entitled to.

May 28 09:33

I Want to See Harry Reid’s Tax Returns

May 25 07:46

23% OF AMERICANS ARE GOING INTO DEBT TRYING TO PAY FOR FOOD, RENT, UTILITIES

American have an average of $6,506 in credit card debt, according to a new Experian report out this week. But which expenses are adding to that balance the most?

May 19 09:43

The Income Tax is Destroying the World Economy

May 16 10:10

Canada Joins the Authoritarian Censorship Agenda

By Kurt Nimmo

Here’s how the Canadians will deal with citizen journalism and narrative debunking—they’ll force the taxpayers to subsidize corporate news rackets.

“Federal agencies will publish an A-list of newspapers and websites deemed reliable under a multi-million dollar subsidy program, the Department of Finance yesterday told the Senate national finance committee,” reports an Ottawa website, Blacklock’s Reporter...

May 14 18:00

Losing Income Tax Privacy Is a Real Danger

May 14 09:41

N DAVOS, YOU CAN TALK ABOUT ANYTHING BUT DON’T TALK ABOUT TAXES FOR THE SUPER RICH

You can talk about any topic you want at the annual meeting of the Super Rich in Davos Switzerland, just don’t talk about them paying taxes.

To the Super Rich it is a truly horrifying idea.

May 13 17:45

Kentucky Taxpayers On The Hook An Estimated $1.5B for Their “Information Highway to Nowhere”

By B.N. Frank

Activist Post reported less than a month ago about how Google has to pay $4M to Louisville, KY to remove fiber, repair damage, and repave roads after its failed project. According to a recent article from ProPublica, Kentucky residents are on the hook for a different high-speed internet fiasco...

May 10 08:50

Here’s a Lesson From the 108,000 Millionaires Who Left Their Home Countries Last Year

By Simon Black, Sovereign Man

According to a recent report from Bloomberg, more than 108,000 millionaires left their home countries last year in search of greener pastures.

Most emigrated from countries like China and Russia… no surprise there.

India also saw a large outflow of millionaires as tax authorities tightened their grip. And Turkey continues to see an exodus, in the wake of strong-man President Erdogan.

But Western countries like France and England also lost boat loads (or planes full) of millionaires. Excessive taxation is the most obvious reason...

May 06 16:29

Yet another reason to slash your taxes to zero

May 05 04:49

Blackwater Starts Training of ISIL Terrorists at US Base in Western Iraq

The notorious US mercenary firm Blackwater has returned to Iraq to train thousands of ISIL terrorists in the Washington-occupied Ein al-Assad base in al-Anbar province, a Lebanese newspaper reported.

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May 04 07:02

Big corporations pay no income tax, unlike you

Telling you that Donald Trump lied, or that the one percent continue to succeed in their incessant class warfare, ranks in the astonishment department with being told the Sun rose in the east this morning. Do we really need more evidence?

Necessary or not, more evidence continues to be delivered. The latest delivery comes courtesy of the Institute on Taxation and Economic Policy, which has found that 60 of the largest corporations in the United States paid no income taxes for 2018 despite earning a composite $79 billion in net income. Worse, these companies actually received $4.3 billion in tax rebates.

Had these companies paid taxes at the newly reduced corporate tax rate of 21 percent, these companies would have paid $16.4 billion in taxes. So we have a difference of more than $20 billion

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May 03 09:59

TheTiny Dot

May 01 11:54

Working Families Explain How GOP Tax Bill Screwed Them Royally

Apr 30 10:39

California’s High-Speed Train Makes Solyndra Look Like a Bargain

By David Boaz

The ongoing saga of California’s high-speed bullet train may end up being as classic a story of Democratic politicians’ hubris as the Solyndra debacle. The difference is that the bullet train is still going—well, not the train itself, but the taxpayer spending on the planning—despite some optimism earlier this year that Gov. Gavin Newsom was going to put the project out of its misery. A Los Angeles Times story last week by Ralph Vartabedian is a deep dive on the consulting companies that have been intimately involved in the whole process. Here’s the most revealing nugget...

Apr 29 04:48

US Sees First Military Expenditure Increase Since 2010

Report: Global Military Expenditure at 3-Decade High, Biggest Spender US Sees First Increase Since 2010
The world has spent $1.8 trillion on its military in 2018, and the US is leading the charge, while some of its NATO allies are also buffing their war budgets citing the Russian threat despite Moscow decreasing its military spending.

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The tensions between countries in Asia as well as between China and the USA are major drivers for the continuing growth of military spending in the region,” Pieter Wezeman, a senior researcher at the SIPRI Arms and Military Expenditure (AMEX) program, stated.

While Washington has been an undisputed leader of the chart for years, last year it upped its game even more, increasing its military spending for the first time since 2010. The surge in US defense spending is a direct reflection of the Trump administration's policy, according to SIPRI.

"The increase in US spending was driven by the implementation from 2017 of new arms procurement programs under the Trump administration">>>

Apr 29 04:09

US Losing Its @$$ Defending Saudi Arabia

"You Have Nothing, But Money": Trump Says US Losing Its A** Defending Saudi Arabia

US President Donald Trump once again humiliated the regime in Riyadh, saying he likes the leader of Saudi Arabia, but Washington is protecting King Salman bin Abdulaziz Al Saud and his son Mohammad bin Salman (MbS), therefore the oil-rich kingdom should pay more money.
“Look, Saudi Arabia, very rich country, we defend them, we subsidize Saudi Arabia. They have nothing but cash, right? We subsidize them. And they buy a lot from us, $450 billion they bought,” Trump said during a rally in Wisconsin on Saturday.

“You know, You had people wanting to cut off Saudi Arabia. They bought $450 billion. I don’t want to lose ‘em! But the military, we subsidize Saudi Arabia!”>>>

Apr 26 11:29

You Were BRAINWASHED TO BELIEVE Taxation Is Not Theft

Apr 26 10:57

Trump's tax bill allows twice as many companies to pay zero taxes

The tax plan introduced by the administration of US President Donald Trump has allowed twice as many companies to pay zero taxes, according to a recent report.

The report by the Center for Public Integrity revealed that under the Trump tax plan, which is officially known as the Tax Cuts and Jobs Act, corporate tax rates were lowered from 35 percent to 21 percent resulting in the number of companies paying no taxes to go from 30 to 60 in its first year.

The Washington, DC-based think-tank, the Institute on Taxation and Economic Policy (ITEP) found that the number of companies exempted from taxes was more than twice as many as ITEP found roughly, per year.

Many of the country's largest publicly-held corporations have reported that they owe absolutely nothing on the billions of dollars in profits they earned last year, it said.

Apr 25 10:39

A Horrible Future Awaits for Anyone who Depends on Government

By Joe Jarvis

Lice, cockroaches, and root canals all have better approval ratings than Congress.

Congress controls government spending. And nine out of every ten people say the government doesn’t spend tax dollars wisely.

57% say tax rates are too high.

(But only 13% want to cut right to the heart of the issue and abolish the IRS.)...

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