TAXES | WHAT REALLY HAPPENED

TAXES

Sep 20 06:03

Eliminate indexing tax rates to inflation

Sep 19 06:56

The Bolsheviks even want to tax your toaster oven…

Now they want to create a similar federal tax that applies to almost every major asset you own.

This includes CASH in your bank account. Financial assets like stocks and bonds. Private business and partnership interests. Your entire real estate portfolio. Collectible assets like art and fine wine.

Never mind that you’ve bought these assets with money that’s already been taxed. Now they want to tax it again, every year. And when you die they want to tax it again.

They even included Individual Retirement Accounts.

Hell, for that matter they even proposed taxing “household goods” beyond a certain threshold. So you could even pay tax on your toaster oven.

Sep 13 07:02

Trump promises 'substantial' middle-class tax cut in Baltimore speech to GOP lawmakers

"We are working on a tax cut for the middle-income people that is going to be very, very inspirational," the president told House Republicans at their annual retreat in Baltimore. "It's going to be something that -- I think it's what everyone's really looking for."

Thursday's visit marked Trump's first trip to Baltimore since insulting the city in a series of July tweets, calling it as a “disgusting, rat and rodent infested mess." Protesters gathered outside the Marriott hotel on the Baltimore waterfront with a giant inflatable rat adorned with yellow hair and a red tie in tow. Demonstrators held signs that read “Welcome rat king” and “Trump and the GOP are the real rats.”

Sep 06 07:43

Taxpayers Pay $2.4m After Cops Kill Unarmed Father on Video Laying Down In His Own Backyard

By Matt Agorist

Sacramento, CA – As TFTP reported, last year, disturbing body camera footage was released from a police shooting that took the life of a father who was confronted in his grandparents’ backyard and then gunned down because officers claimed his phone was a gun. Now, after Sacramento Police Department officers Terrance Mercadal and Jared Robinet escaped any and all accountability, the taxpayers are held liable instead.

According to ABC 10, the city of Sacramento agreed to pay Clark’s two sons and their attorneys a total sum of $2.4 million, court documents show. Each child will get $893,113 after attorney’s fees...

Sep 05 15:36

Life is Not Fair

Sep 03 08:57

Why Portugal’s Tax-Free Crypto Trading Matters for Bitcoin

By Lubomir Tassev

Cryptocurrency enthusiasts and businesses in the industry have had to put up with regulatory uncertainty for quite some time. The strong desire to tap into their incomes and profits goes hand in hand with failure on behalf of authorities and regulators to fully understand the nature of decentralized digital assets. Not to mention how absurd the reluctance to legalize something they want to tax anyway. Cases in Portugal show that it’s hard to positively know what exactly traders, investors and companies owe the state. Luckily, the narrow scope of the local tax legislation means they have to pay less than in other countries...

Sep 03 08:47

Manhattan Luxury-Apartment Sales Plunge After New Transfer Tax

By Tyler Durden

A new report from The Wall Street Journal shows how a new transfer tax in Manhattan has led to a slump in sales of luxury properties this summer...

Interventionist policymakers in New York City, who are willing to change tax law to spur artificial economic activity in a sagging real estate market in Manhattan shows just how desperate officials are to reverse the housing market downturn. However, with intervention, there are always consequences, those consequences are being seen with a drastic drop in sales in July and the months ahead...

Aug 31 08:22

AN AFGHAN PEACE PROBLEM: CIA-FUNDED MILITIAS

President Trump wants to pull out of Afghanistan. A majority of Congress wants to end the 19 year long war. Peace talks are underway. The women of Afghanistan are bracing for a loss of freedoms possible while under American occupation. An agreement between the United States and the Taliban is in sight.

Aug 28 11:26

Remote Work: The Right Response to a Labor Market Made Complex by Government

By Chloe Anagnos

Remote work has quickly become an alternative to millennials making a living off the gig economy, thanks in part to the growth of websites like Fiverr and the big-data revolution. But as the practice became more popular and companies noticed they could actually benefit from it, many began to either send their employees home or to simply rely more on freelance workers doing most of what they were hired to do from home.

But despite the growing reliance companies have on remote employees and freelancers, not all workers are given the freedom to dictate their own scheduling rules. That created a split in the sector, giving researchers a chance to identify which group was the most productive...

Aug 25 08:52

Kids Ordered to Pay Sales Tax at Children’s Expo Receive a Sad Lesson in Entrepreneurship

By Brittany Hunter

Twelve-year-old Lucie Wise couldn’t wait to open her own business. On three separate occasions, she had accompanied her mother to the Children’s Entrepreneur Market—an expo of child-run businesses hosted annually by the Utah nonprofit Libertas Institute—dreaming of the day she could set up her own booth and sell her wares to curious passersby.

Like Lucie, many children are coming up with original ideas for products and services, bringing them to life, paying for booth space, and trying their luck in the marketplace. While the Children’s Market is intended to teach children to love entrepreneurship, one thing it isn’t supposed to do is crush their spirit with the harsh realities of government overreach.

But are they exempt from taxes?...

Aug 24 10:48

The Hidden Costs Behind Every Government Program

By Gor Mkrtchian

When the State constructs a new bike lane, school, or begins a new space mission, the natural inclination of the majority is to cheer this new endeavor as progressive. We possess one new structure or have accomplished one new task than before; society has moved forward, the thinking goes.

The State is responsible for truly technically impressive or beautiful accomplishments like the Apollo missions, the Moscow Metro, the Palace of Versailles, etc. that most would agree clearly produce benefits for society.

Confronted with these concrete and widely celebrated examples of government accomplishments, how can libertarians deny that state action is sometimes a benevolent force in society?...

Aug 22 10:11

American Apocalypse: The Government’s Plot to Destabilize the Nation Is Working

“The most dangerous man to any government is the man who is able to think things out … without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” — H. L. Mencken

The U.S. government is working hard to destabilize the nation.

No, this is not another conspiracy theory.

Although it is certainly not far-fetched to suggest that the government might be engaged in nefarious activities that run counter to the best interests of the American people, doing so will likely brand me a domestic terrorist under the FBI’s new classification system.

Observe for yourself what is happening right before our eyes.

Aug 09 08:23

New IRS withholding calculator

Aug 03 09:50

Poland Scraps Income Tax for Under-26s to Encourage Young to Stay Home, Emigrants to Return

Poland is abolishing income tax for millions of young people, in order to discourage “brain drain” and encourage young emigrants who have abandoned the country for other EU member-states under the Free Movement migration regime to come home.

Jul 31 10:32

Sen. Elizabeth Warren Repeatedly Refuses to Answer Question on M4A Tax Increase… Millions Will Lose Their Employer Based Health Care

Sen. Elizabeth Warren Refuses To Acknowledge Millions Will Lose Their Employer Based Health Care

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?!?

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