Archive for the ‘IRS’ Category
Wednesday, July 22nd, 2020
The Biden Tax Hike Would Be Severe
If the Democrats sweep in November, make sure your lawyer and financial advisers are standing by.
By Philip DeMuth Mr. DeMuth is author of “The Overtaxed Investor: Slash You Tax Bill and Be a Tax Alpha Dog”
July 14, 2020
Complain if you must, but we live in a Golden Age of Taxes—the lowest rates we may see for decades. President Trump’s 2017 Tax Cuts and Jobs Act lowered rates, widened brackets and simplified preparation. Gazing toward the heavens, one can almost see the smiling face of Ronald Reagan beaming down. Yet like all Golden Ages, this one will end, and we already know the date: Dec. 31, 2025. Barring a miracle, that is when the tax cuts expire and President Obama’s American Taxpayer Relief Act of 2012 becomes the law of the land once more.
To see what a good deal we have now, let’s look at the numbers. A married couple filing jointly shows $78,000 of ordinary income, their current marginal rate is 12%. When the Trump tax cuts expire, their marginal rate will more than double, to 25%.
If you receive $30,000 from Social Security and have $36,000 of other income, you will be taxed at a marginal rate of 46%, even while supposedly being in the 25% tax bracket (because of the nutty way Social Security is taxed). In some cases, your tax rate can go as high as 56%. More people will experience rising tax rates throughout retirement—first gradually, following the accelerated required minimum distributions from their retirement accounts, and then suddenly, when the first spouse dies and the survivor has to file as a single taxpayer.
The Trump tax reform doubled standard deductions, such that far fewer taxpayers still bother to itemize. It also protects estates, with an $11.58 million exclusion from taxes. People can plan to give money to whomever they want when they die, instead of playing accounting games to confound the taxman. These deductions and exemptions will be cut in half when the Tax Cuts and Jobs Act expires.
Remember the Alternative Minimum Tax, which made you do your taxes twice, under two completely different tax regimes, and then pay whichever was greater? That annual ritual has all but disappeared. Better sharpen your pencils, though, because it’s coming back in 2026 for seven million filers. Meantime, the qualified business income deduction, which lets eligible small-business owners deduct up to 20% of their income, is going away.
All this may seem a long way off. But if Joe Biden is elected and the Democrats take three more seats in the Senate, some of these changes could happen as soon as next year.
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Posted in Democrats, Donald Trump, Election 2020, Inflation, IRS, Joe Biden, Liberalism, Progressive Movement, Radical Left, Socialism, Taxation, Taxes, Transparency | No Comments »
Thursday, May 14th, 2020
This is one of the best articles I have ever read ! Please share far and wide. Nancy
I don’t think anyone could sum things up better than this rabbi has.
A Time to Hate
It’s not too late.
by Rabbi Dov Fischer, Esq. – American Spectator – May 11, 2020
To every thing there is a season, and a time to every purpose under the heaven: A time to be born, and a time to die; a time to plant, and a time to pluck up that which is planted; A time to kill, and a time to heal; a time to break down, and a time to build up; A time to weep, and a time to laugh; a time to mourn, and a time to dance; A time to cast away stones, and a time to gather stones together; a time to embrace, and a time to refrain from embracing; A time to seek, and a time to lose; a time to guard, and a time to cast away; A time to rend, and a time to sew; a time to keep silence, and a time to speak; A time to love, and a time to hate; a time for war, and a time for peace.
— Kohelet (Ecclesiastes) 3:1-8
Through eight years, I accepted the rules of the game. Obama was president. He won fair and square because the Republicans serially put up two milquetoast opponents who were incapable of offering a vision or articulating a message that inspired. John McCain had been an American wartime hero who stood by his men, refused early release, and withstood torture in the “ Hanoi Hilton” 40 years earlier. But he had no business running for a presidency two generations later for which he was not prepared to fight and for which he had no vision. And then came Mitt Romney, his etch-a-sketch candidacy, his binders full of women, and his Romneycare, which served as the model for the Obamacare and which was the single most galvanizing issue in 2012 for Republican conservatives. In order to throw out Obamacare, the Republican Party offered us conservatives … what, Romneycare? Tough for us conservatives to sing in that tabernacle choir. I accepted Obama. I never articulated his first name, and I never called him “president,” but I accepted the results and accepted that this Pretender was our country’s lawfully elected chief executive. I watched his arrogance, the unctuous way he carried himself literally with his nose up, the way he never held a railing while walking a stairway because he was too cool, the kinds of human dreck he regularly invited as his White House guests, and I accepted it all with the soft whisper, “This, too, shall pass.” I watched the Corrupt Journalist Corps idolize him, crown him a king, admire him as a messiah and a deity, and I accepted the milieu. This, too, in time would pass. It meant living through eight years of the deepest public corruption. Lois Lerner stealing an election by leveraging the awesome power of the Internal Revenue Service to close down legitimate conservative political groups. Eric Holder — the nobleman who urged people to kick enemies — bringing lawlessness and corruption into the Justice Department, even approving the “Fast and Furious” idea of releasing lethal weapons to Mexican drug lords in the cockamamie scheme to find out how they access and move their weapons. Glenn Beck exposed Obama’s Maoist communications director, Anita Dunn, who walked children through the White House. There was ACORN. Just one corruption after another.
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Posted in Administrative State, American History, Benghazi Terrorist Attack, Big Government, Bill Ayers, Caliphate, CIA, Class Warfare, Clinton, Clinton Foundation, Congress, Conservatism, Corruption/Crime, Cuomo, Deep State, Democrats, Demographics, Donald Trump, Election 2012, Election 2016, Election 2020, Energy, Environmental Issues, Eric Holder, FBI, FBI Director, FISA Court, FOIA - Freedom of Information Act, Foreign Policy, Fracking, Global Warming, Globalists, GOP, Government Regulation, Government Waste and Fraud, Hillary Clinton, History, Iran Nuclear Deal, IRS, ISIS Terror Group, James Comey, Jihad, Joe Biden, John Brennan, Justice Department, Know Thy Enemy, Legal Issues, Liberalism, Media, Mike Pence, Military, Mitt Romney, Mueller, National Security Advisor, Obama, Obama Administraiton and Policy, Open Borders, Paul Ryan, Political Correctness, Political Corruption, Progressive Movement, Racism, Radical Islam, Radical Left, Rand Paul, Religion, Resistance, Rudy Giuliani, Social Justice, State Department, Tea Party, Terrorism, Transparency, Tyranny, Unions | No Comments »
Monday, March 16th, 2020
This is an incredibly shocking video of a talk that Adam Andrzejewski, founder and CEO of openthebooks.com gave regarding waste, fraud, corruption and abuse in all levels of our government at a Hillsdale College event . He names all those that are involved in the abuse of our taxpayer money. This is not a Republican or a Democrat issue as the corruption is widely spread throughout our government. If this level of corruption is allowed to continue, our country will be greatly damaged. Please share with all your contacts. Nancy
VIDEO – CULTURE OF CORRUPTION IN THE DEPTH OF THE SWAMP
Adam Andrzejewski | The Depth of the Swamp
Posted in Administrative State, Bernie Sanders, Big Business, Big Government, California, Congress, Conservatism, Constitution, Corporate Cronyism, Corruption/Crime, Culture Rot, Deep State, Defense Budget, Democrats, Dept of Defense, Donald Trump, Economy, Election 2020, Elitism, Entitlements, GOP, Government Regulation, Government Waste and Fraud, Healthcare, IRS, Joe Biden, Liberalism, Lobbyists, Medical/Drugs, Military, Obama Administraiton and Policy, Pensions, Political Corruption, Politics, Social Security, Spending, State Department, State Governments / Deficits, Taxation, Taxes, Transparency, Videos, Wall Street | No Comments »
Tuesday, March 3rd, 2020
Thanks to Victor Davis Hanson for reminding us of all the illegal and corrupt actions taken by Obama during his presidency. Just makes your blood boil that he got away with it all ! Would love to see him do a similar article on Hillary. He certainly would have plenty of material to work with !!! Nancy
Do not insult our collective intelligence by suggesting that Donald J. Trump abused the Constitution and the office of president in a way that would have been unthinkable to Barack Obama.
Obama was not impeached not because he did not do things that Donald Trump did, but because his opposition in the House did not do what Democrats later most willingly did: attempt a coup to remove a president without cause
By Victor Davis Hanson March 1, 2020
New Impeachment Rules Would Snare Obama
March 2, 2020
Barack Obama’s eight-year tenure was detrimental to the United States, but like most of his nonbelievers, I harbor no animosity for his person.
Few critics that I know advocated that Obama be impeached, much less removed from office, before his reelection bid—even amid his worst scandals and dangerous policies. But we are now in a new age, whose protocols might have made it impossible for the Obama Administration to have finished two terms.
Remember, his administration ran some 2,000 guns to Mexican cartels in some hare-brained scheme to monitor violence spilling into the United States. Under the new customs, he should have been impeached for instructing Attorney General Eric Holder to refuse to testify to Congress about Fast and Furious, or at least for not handing over subpoenaed documents. Imagine a Trump gun-walking scheme in Mexico.
It was bad enough that Holder was the first attorney general to be held in contempt of Congress, well aside from the embarrassment of his unhinged outbursts about “my people” (hint: his “my” did not mean Americans of all races and creeds). We all remember Holder’s lunatic dismissals of his own country as “a nation of cowards.” (Imagine Bill Barr referring to “my people” or calling Americans cowards)
Fine—politicians and bureaucrats misspeak. It is no surprise that radical progressives like Holder are both partisans and tribalists or that they don’t always have positive thoughts about America, past or present. But Obama won the election. So voters had ample warning from his past that he would likely put as many leftists as he wished into government. He had the legal right and political rationale to do so, without his opponents inventing crimes to remove them.
At least he did before the Trump hysteria.
Criminalizing Politics
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Posted in American History, Benghazi Terrorist Attack, Chuck Schumer, CIA, Clinton, Clinton Foundation, Congress, Constitution, Corporate Cronyism, Corruption/Crime, Deep State, Democrats, Donald Trump, Election 2012, Election 2016, Election 2020, Eric Holder, FBI, FBI Director, Foreign Policy, Government Regulation, Healthcare, Iran Nuclear Deal, IRS, Israel, James Comey, John Brennan, Justice Department, Legal Issues, Liberalism, Middle East, Military, Missle Defense, National Defense, Netanyahu, Obama, Obama Administraiton and Policy, Obamacare, Osama Bin Laden, Pelosi, Political Corruption, Politics, Progressive Movement, Putin, Radical Left, Resistance, Russia, Russian Reset, Sanctuary Cities, Saudi Arabia, Transparency, Ukraine, Victor Davis Hanson | No Comments »
Monday, December 2nd, 2019
I have sent this article out before but thanks to Anthony Bruno for reminding us about it again. This article spells out exactly why Trump has such an appeal to so many people. Nancy
Trump’s ‘lack of decorum, dignity, and statesmanship’ By Evan Sayet in his article
“He Fights”
Excerpt from this article:
Imagine, for example, if CNN had honestly and accurately reported then-candidate Barack Obama’s close ties to foreign terrorists (Rashid Khalidi), domestic terrorists (William Ayers & Bernardine Dohrn), the mafia (Tony Rezko) or the true evils of his spiritual mentor, Jeremiah Wright’s church.
Imagine if they had honestly and accurately conveyed the evils of the Obama administration’s weaponizing of the IRS to be used against their political opponents or his running of guns to the Mexican cartels or the truth about the murder of Ambassador Christopher Stevens and the Obama administration’s cover-up.
My Leftist friends (as well as many ardent #NeverTrumpers) constantly ask me if I’m not bothered by Donald Trump’s lack of decorum. They ask if I don’t think his tweets are “beneath the dignity of the office.”
Here’s my answer: We Right-thinking people have tried dignity. There could not have been a man of more quiet dignity than George W. Bush as he suffered the outrageous lies and politically motivated hatreds that undermined his presidency.
We tried statesmanship.
Could there be another human being on this earth who so desperately prized “collegiality” as John McCain?
We tried propriety – has there been a nicer human being ever than Mitt Romney?
And the results were always the same. This is because, while we were playing by the rules of dignity, collegiality and propriety, the Left has been, for the past 60 years, engaged in a knife fight where the only rules are those of Saul Alinsky and the Chicago mob.
I don’t find anything “dignified,” “collegial” or “proper” about Barack Obama’s lying about what went down on the streets of Ferguson in order to ramp up racial hatreds because racial hatreds serve the Democratic Party.
I don’t see anything “dignified” in lying about the deaths of four Americans in Benghazi and imprisoning an innocent filmmaker to cover your tracks.
I don’t see anything “statesman-like” in weaponizing the IRS to be used to destroy your political opponents and any dissent.
Yes, Obama was “articulate” and “polished” but in no way was he in the least bit “dignified,” “collegial” or “proper.”
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Posted in American History, Big Government, Black Lives Matter, Class Warfare, Conservatism, Corruption/Crime, Deep State, Democrats, Diversity, Donald Trump, Election 2016, Election 2020, Eric Holder, Globalists, Identity Politics, IRS, Liberalism, Media, Mitt Romney, Nationalism, Obama, Obama Administraiton and Policy, Political Correctness, Political Corruption, Populism, Progressive Movement, Radical Left, Resistance, Reverend Wright, Rules For Radicals, Saul Alinsky, Transparency, Tyranny | No Comments »
Friday, August 2nd, 2019
August 1st, 2019
Barack Obama Was Pretty Damned Divisive
It was not Donald Trump who told supporters to take guns to knife fights.It was not Donald Trump who told Hispanic voters that Republicans were their enemies.It was not Donald Trump who encouraged people to report their neighbors for lying about him and his healthcare plan.It was not Donald Trump who built an app to show you if your neighbor was a Republican.It was not Donald Trump who derisively referred to some as clinging to their guns and religion.That was all Barack Obama.It was Barack Obama who divided the nation between us and them. It was Barack Obama who targeted Christians for ridicule and sought to punish nuns and Christian small businesses. It was Barack Obama who targeted Catholic charities. It was Barack Obama who used a strategy of “othering” and division to win the election. It was Barack Obama who tried to shame gun owners and target the Koch Foundation and the NRA.The Obama Administration did this all with ruthlessness that included using the Internal Revenue Service to harass conservatives.
It was not Donald Trump who told supporters to take guns to knife fights.
It was not Donald Trump who told Hispanic voters that Republicans were their enemies.
It was not Donald Trump who encouraged people to report their neighbors for lying about him and his healthcare plan.
It was not Donald Trump who built an app to show you if your neighbor was a Republican.
It was not Donald Trump who derisively referred to some as clinging to their guns and religion.
That was all Barack Obama.
It was Barack Obama who divided the nation between us and them. It was Barack Obama who targeted Christians for ridicule and sought to punish nuns and Christian small businesses. It was Barack Obama who targeted Catholic charities. It was Barack Obama who used a strategy of “othering” and division to win the election. It was Barack Obama who tried to shame gun owners and target the Koch Foundation and the NRA.
The Obama Administration did this all with ruthlessness that included using the Internal Revenue Service to harass conservatives.
To the extent Donald Trump’s administration is doing anything divisive, they learned well from Barack Obama.
It is fully ridiculous to hear news analysts, reporters, and Democrats talk about Donald Trump using the politics of division to win.
That is exactly what Barack Obama did and do not forget it.
Posted in Black Lives Matter, Class Warfare, Debt Ceiling, Democrats, Diversity, Environmental Issues, FBI, FBI Director, Government Regulation, Gun Control, Identity Politics, Indoctrination of students, IRS, Judges, Justice Department, Liberalism, Obama, Obama Administraiton and Policy, Political Correctness, Progressive Movement, Racism, Radical Left, Religion, Religious Freedom, Social Issues, Social Justice, Transparency, U.S. Presidents | No Comments »
Monday, June 17th, 2019
VIDEO – JUDICIAL WATCH
Anti-Trump Official Kerner Previously Urged IRS to Financially Ruin Conservative Non-Profits
Posted in Administrative State, Deep State, Donald Trump, IRS, Judicial Watch, Legal Issues, Obama Administraiton and Policy, Political Corruption, Transparency, Videos | No Comments »
Monday, December 31st, 2018
Don’t hold your breath thinking this news will be covered by the Main Stream Media or even Fox ! Machine guns in the hands of the IRS, Lois Lerner, where are you when we really need you to look into this matter !!!! Guess they are thinking an awful lot of irate citizens will be coming after the IRS ! For more information on the armed IRS, click on this link
“Beware: The IRS is Putting More and More Armed Agents In the Field”
Thanks to Jeff Miller for sharing the following article with us. Nancy
(CNSNews.com) – The Internal Revenue Service had in its weapons inventory 4,487 guns and 5,062,006 rounds of ammunition as of late 2017, according to a report published this month by the Government Accountability Office.
Included in this arsenal, according to the GAO, were 15 “fully automatic firearms” and 56,000 rounds of ammunition for those fully automatic firearms.
The same report–“Federal Law Enforcement: Purchases and Inventory Controls of Firearms, Ammuntion, and Tactical Equipment“--says that the Office of the Inspector General of the Department of Health and Human Services had 194 fully automatic firearms and 386,952 rounds of ammunition for those fully automatic firearms.
“The term ‘fully automatic’ used in this report,” says a footnote in the report, “encompasses a range of firearms classified as machine guns, including submachine guns, three round burst guns, and guns with a selector switch that can enable continuous fire.”
[Above is Table 4 from the GAO report.]
The guns in the IRS inventory also included 3,302 pistols, 623 shotguns, 543 rifles, and 4 revolvers.
The ammunition stockpiled by the IRS—in addition to the 56,000 rounds for its fully automatic firearms–included 3,156,046 pistol and revolver rounds, 368,592 shotgun rounds and 1,481,368 rifle rounds.
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Posted in Administrative State, Big Government, Deep State, FBI, IRS, Justice Department, National Defense, Obama Administraiton and Policy, Transparency | No Comments »
Wednesday, July 25th, 2018
Just How Far Will the Left Go?
There was no honeymoon for the unlikely winner of the 2016 election. Progressives have in succession tried to sue to overturn Trump’s victory using several different approaches. First on the bogus claim of fraudulent voting machines. Then they sought to subvert the Electoral College by bullying electors into renouncing their respective states’ votes.
Massive protests and boycotts marked the inauguration. Then there were articles of impeachment introduced in the House. Some sued to remove Trump on a warped interpretation of the Emoluments Clause of the Constitution. Others brought in psychiatrists to testify that Trump was ill, disabled, or insane and should be removed in accordance with the 25th Amendment. The former FBI director, CIA director, and director of the Office of National Intelligence have variously smeared the president as a coward, a traitor, and a Russian mole.
Posted in Administrative State, American History, Antifa, Big Government, Border Security, CIA, Clinton, Clinton Foundation, Deep State, Democrats, Donald Trump, Economy, Election 2016, Elitism, FBI, FBI Director, Globalists, Government Waste and Fraud, ICE, Intelligence, IRS, John Brennan, Judges, Judicial Watch, Justice Department, Liberalism, Nazism, Obama, Obama Administraiton and Policy, Open Borders, Political Correctness, Political Corruption, Progressive Movement, Protestors, Racism, Radical Left, Resistance, Socialism, State Department, Transparency, Tyranny, Victor Davis Hanson | No Comments »
Friday, May 11th, 2018
The Unresolved IRS Scandal
Congress should take tax collectors out of the business of regulating political activity.
EXCERPT FROM THIS ARTICLE : A group that engages in politics is not necessarily considered a “political committee” by the IRS. Such well-known political actors as the Sierra Club, the National Association for the Advancement of Colored People and Planned Parenthood engage through their affiliates in substantial activity related to politics—including get-out-the-vote drives, legislative advocacy and even candidate ads. But because the IRS designates the affiliate groups as “social welfare” organizations, they are subject to less-stringent disclosure requirements.
The tea-party groups that sprang up in 2009 sought to engage in these types of activities, but some Democrats didn’t like it. If the IRS denied these groups status as social-welfare organizations, they would be forced to either reorganize as for-profit organizations or as political committees subject to greater regulatory burdens. That’s how the IRS was able to hassle conservative groups.
Imagine if liberal groups discovered that President Trump’s Internal Revenue Service was targeting them for heightened scrutiny or harassment. The media and Democrats would decry this assault on the First Amendment and declare the U.S. on the brink of autocracy. The scandal would dominate the midterms, and the legitimacy of the election would be called into question.
Strangely enough, the IRS did target organs of the opposition party during the last administration, but the episode has largely faded from public memory without resolution. May 10 marks the fifth anniversary of the revelation that President Obama’s IRS targeted conservative groups for more than two years prior to the 2012 presidential election.
While some of the faces at the IRS have changed, the law that enabled their misuse of power has not. Congress’s failure to address the problem leaves the U.S. democratic process vulnerable to further abuses.
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Posted in Administrative State, American History, Big Government, Congress, Conservatism, Corruption/Crime, Deep State, Democrats, Discrimination, Free Speech, IRS, Legal Issues, Liberalism, Obama, Obama Administraiton and Policy, Political Corruption, Progressive Movement, Radical Left, Tea Party, Transparency | No Comments »
