The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label tax. Show all posts
Showing posts with label tax. Show all posts

Saturday, April 29, 2017

With Congress unwilling to provide tax relief to Americans, join the new tax revolt whenever you dine out

There used to be just two primary things that were true in life... those being death and taxes.  But ever since the start of the new millennia, we can add a third one to that list, and it is the incompetency of government to ever do anything that is beneficial for the American people.

Case in point.  Ever since President George Herbert Walker Bush lied to the the people and said, 'read my lips, no new taxes', every single President since has at some point increased the burden of the American people to provide more and more money to feed the monster that is Washington.

Fast forward to 2017 and President Donald Trump's tax cut proposal.

Using the Reagan model of 'trickle down' economics, Donald Trump is seeking to pass a massive tax cut for corporations, small businesses, and in a minor sort of way, for the Middle Class.  However there has been no real efforts made by Congress in the first 100 days of Trump's Presidency to actually write legislation to accomplish this, and it is unlikely to occur since the House and Senate are unwilling to accept a decline in their own revenue largesse even as the American people find themselves completely tapped out in credit and savings.

Ironically, it took less than this for the colonists to rebel against Britain when they passed the Stamp Act and demanded the colonists use only their fiat currency to conduct commerce back in 1776.  And with some Americans paying upwards of 60% of their income to Federal and State governments (California), the ballot box no longer provides a means of redress.

Thus it's time to use a little ingenuity and begin a legalized form of tax revolt.

In a recent event from the state of Missouri last week, a customer dining out at a restaurant decided to 'stick it to the government' and crossed out their expected 'tip' for the servers who provided him his meal, and instead wrote on a piece of paper that the money that would have formerly gone for a tip be given instead to the server as a gift.


Now why is this significant?  Because tips are taxed by the government as wages, while gifts are not taxable if they do not exceed a certain monetary threshold.
  • You can give up to $14,000 to any number of individuals this year without triggering gift taxes.
  • Anything above the annual limit has to be reported and counts toward your lifetime exclusion.
In addition, this is also a way to respond to the growing demand for a boost in the minimum wage without needing a law to accomplish this, and to also help keep lower income workers receiving welfare benefits for those who need it.

The rich have always skated by not having to pay their full share of taxes by simply incorporating themselves where they have hardly any income, and where most of the money they receive is taxed under the umbrella of much lower capital gains rules.  In addition, these elite can deduct almost anything which lowers their taxable earnings even more.  And if both the state and Federal governments simply see the American people as entities solely existing to provide them money so they can take us into unnecessary wars or fund wasteful social and green agendas, then the only way to fight back is to find our own loopholes in the tax code... starting with the elimination of tips and instead replacing them with gifts.

Monday, March 20, 2017

The empire strikes back as IRS expands hunt for Bitcoin users who don't report capital gains taxes

Sovereign governments around the world have instituted a number of different programs and processes to deal with the rise of crypto-currencies, and the use of ones like Bitcoin to function outside their controlled monetary systems.  In China for example, new guidelines were put in place for Bitcoin exchanges that now require identity checks and monitoring of all transactions.

But the U.S. has chosen a different path, and it stems from a ruling in 2014 by the U.S. district court of jurisdiction in Southern New York where judges determined that Bitcoin was an security rather than a currency, and as such was to be treated like an investment requiring the filing of capital gains taxes on the holder's tax returns.

And while little actual investigation or pursuit of individuals failing to file their Bitcoin profits with the IRS has taken place over the past two to three years, that appears to be changing now with the government's monitoring of exchanges like Coinbase and their ramping up of their intention to go after individuals who do not report their Bitcoin capital gains profits on their annual tax returns.

Image result for bitcoin government
The Internal Revenue Service revealed new details about its investigation into tax evasion related to bitcoin, filing court documents that suggest only a tiny percentage of virtual currency owners are reporting profits or losses in their annual returns. 
The new documents, filed Thursday in San Francisco federal court, come in the midst of a closely-watched legal fight between the IRS and Coinbase, a popular service for buying and selling bitcoins that hosts over a million customer accounts. 
The dispute began last year when the IRS issued a sweeping summons for Coinbase to turn over a vast amount of customer data, including every customer account as well as detailed transaction records. 
Coinbase claimed the IRS demands are illegally broad and refused to comply, which in turn led the IRS to file a federal lawsuit last week to enforce the summons. - Fortune

Wednesday, February 22, 2017

The mayor of Philadelphia proves why liberals should never be in charge of finance, economics, or anything to do with money

For years liberal politicians have used the offer of free stuff to try to entice the voting public into believing that money simply grows on trees and that the laws of economics don't matter if the right party is in office.  Case in point, the fact that Bernie Sanders ran for the Presidency on a platform of free education, free healthcare, and a myriad of other free welfare programs that would have doubled the national debt from $19.5 trillion to right around $40 trillion.

Image result for weekend at bernie sanders
Presidential contender Bernie Sanders' broadly progressive tax and spending proposals would add a whopping $21 trillion to the national debt over the next decade, according to a joint analysis released Monday. 
Sanders' proposals would cost $33.3 trillion in new spending, mostly from his health-care proposals — more than double the $15.3 trillion in new taxes, mostly on wealthier American households, that he proposes if he's elected president, according to the analysis by the Tax Policy Center. - CNBC
Of course, socialists, liberals, and Marxists like Sanders fail to ever look at the long history of nations who implemented their own versions of this, and the graveyard of failed economies that resulted from it.

Their solution?  More of the same, only on a much greater scale.

But liberal economics isn't relegated to just 'taxing the rich'.  And whether it involves trying to bankrupt individuals and economies through moronic schemes such as carbon credits, they have never learned that when governments get involved in an economy, there are consequences that emerge that they never plan for.

Such as in the city of Philadelphia, where the Mayor's push to 'fight obesity' through a beverage tax has now resulted in a massive decrease in tax revenues, and the onset of layoffs in industries that sell soda and other drinks with a modicum of sugar.

Image result for huge big gulp
According to Philly.com reports, two months into the city’s sweetened-beverage tax, supermarkets and distributors are reporting a 30% to 50% drop in beverage sales and - adding insult to injury - are now planning for layoffs. 
One of the city's largest distributors told the Philadelphia website it would cut 20% of its workforce in March, and an owner of six ShopRite stores in Philadelphia says he expects to shed 300 workers this spring. “People are seeing sales decline larger than anything they’ve seen up to this point in the city,” said Alex Baloga, vice president of external relations at the Pennsylvania Food Merchants Association. 
Since all of this is taking place as previewed in a recent post: "The 'Soda Police' Just Learned A Valuable Lesson About Taxes", we doubt it would come as a surprise to anyone, although we are confident that Philadelphia city workers will be amazed by these unexpected developments. 
Sure enough, in response instead of admitting the tax was a bad decision, the city lashed out by launching the latest "fake news" campaign, when it questioned the legitimacy of the early figures and predicted that customers responding to the initial sticker shock by shopping outside the city would return. “We have no way of knowing if their sales figures and predicted job losses are anything more than fear-mongering to prevent this from happening in other cities,” said city spokesman Mike Dunn.
Mayor Kenney harshly rebuked reports of coming layoffs late Tuesday night. 
"I didn't think it was possible for the soda industry to be any greedier," Kenney said in an emailed statement. “…They are so committed to stopping this tax from spreading to other cities, that they are not only passing the tax they should be paying onto their customer, they are actually willing to threaten working men and women's jobs rather than marginally reduce their seven figure bonuses." 
Bob Brockway, chief operating officer of Canada Dry Delaware Valley, which distributes about 20 percent of the city’s soft drinks, said sales were down 45 percent in Philadelphia. The company will lay off 20 percent of its workforce the first week in March. The distributor is a subsidiary of Honickman Affiliates, owned by Harold Honickman, who helped lead the opposition to the tax last summer. The 35 jobs on the line include managers, sales people, and drivers, Brockway said. Sales are up about 20 percent in the suburbs, but that hasn’t helped the business break even, he said. - Zerohedge
The bottom line.  Taxing a product or service to push a political or social agenda simply means people will either quit using it, create a black market for it, or go someplace where there isn't a tax on it.  And all one has to do is look at when states began to tax cigarettes and realize that online sales, and sales of smokes from Indian reservations, would easily defeat the best intentions of liberal economics.

Monday, November 28, 2016

Newest banker scheme: tax on withdrawing money from your bank accounts

Despite the fact that taxpayers bailed out banks in the U.S. and around the world following the 2008 financial crisis, the 'masters of the monetary universe' did little to show appreciation for the people that saved them from bankruptcy due to their own greed and corruption.  And even with the ability now to borrow money from central bank discount windows at or near zero percent interest, a large number of banks chose to impose new fees on their customers under the guise of re-capitalization.

Ironically, when companies impose a charge on individuals for a service it is known as a fee, but when a government does the same it is instead called a tax.  And that is exactly what India, Greece, and perhaps soon even the United States is, or is planning to do, for people who choose to withdrawal cash out of their bank accounts in the future rather than using digital constructs to perform commerce.

war-on-cash
Greek banks have proposed a series of measures to combat tax evasion, strengthen the electronic transactions and limit the use of cash in the economy, and as KeepTalkingGreece.com reports, one of the measures proposed is a special tax on cash withdrawals. 
Bankers reportedly stress that cash money can easily and largely be channeled in the black economy. Therefore, a tax on cash withdrawals will drastically reduce cash transactions and by extension the black economy. 
The bankers suggest that also credit and debit cards as wells as new technologies enabling cash-less transactions even for small amounts  and mobile phones can be used for the purchase of a transport ticket or a newspaper at the kiosk. 
The bankers proposal to the government also includes: 
-Mandatory use of cards or other electronic payment networks for every transaction with professions where there is strong evidence of tax evasion or where cash is mainly used [ like bakeries, kiosks, street vendors and chestnut sellers?]. 
-Mandatory use of cards or electronic networks for transactions above a certain amount [this measure is already in effect]. 
-Reforming the tax system by introducing a revenue-expenditure system. Households or professionals will only be taxed on the amount of income that is has not been spent. In this way, households and professionals will have a strong incentive to seek receipts for any expenditure in order to increase their expenditure and reduce the tax amount they will have to pay. 
-Obligation for all businesses and regardless of their size to pay electronically every salary and wage. (source: Kathimerini via Liberal.gr) - Zerohedge
Over in India, Prime Minister Modi has already implemented a 45% transaction tax on deposits that the government arbitrarily believes come from illegal or 'black market' commerce.  And these two countries (India and Greece) are not the only nations with plans to impose a tax on cash withdrawals as this has been in the works for a few years in the halls of the Fed and Congress.

Greece is the first country to push for a carry tax on physical cash. It won’t be the last. This policy has been floating around in Central Banking circles for years. The fact that it’s now being openly promoted only proves how desperate the elites are getting about the state of the financial system. 
Watch, the moment things turn south in the US in a big way, similar proposals will start cropping up here too.

Tuesday, September 20, 2016

India's newest attack on gold involves raising taxes on precious metals

Two years ago, the Indian government implemented a tariff on gold importation in an attempt to slow down the massive buying of the precious metal by their people and institutions.  And the blowback from this was a large increase in smuggling since the buying of gold is a deep cultural practice for the Indian people going back thousands of years.

Then the government decided to create a scheme in which individuals and even religious orders should 'lend' their gold to the banking system in exchange for a modicum return of interest.  But the result of this has been negligible as nary a ton of gold has been offered to the banks in exchange for yield.

Now on Sept. 16, the Indian government is proposing a new tax increase on gold and other precious metals in what they call a way to keep from having raise the tax rate on other discretionary and necessary consumer goods.

The Indian government plans a proposal that includes a major increase in the tax on gold and other precious metals so as to give the GST (Goods and Services Tax) Council leeway to keep the proposed nationwide tax below 20%, reports The Hindu as quoted by Gem Konnect. 
The proposal is based on the recommendations of last year’s panel headed by Chief Economic Advisor Arvind Subramanian. The panel had suggested taxing gold and other precious metals at rates ranging between 2%-6%. 
Precious metals are currently taxed at between 1%-1.6%. Meanwhile, about 70% of goods and services get taxed at an average rate of 27% by state governments. To protect their revenues, states have sought that the proposed standard GST rate be fixed at 20%. - Israeli Diamond Industry

Wednesday, July 27, 2016

Got gold? Congress submits bill to force employers to create a new retirement account for workers since social security is now insolvent

Last week, we wrote here about the fact that the annual Social Security Trustees report showed that the retirement fund had a short fall of $6 trillion dollars, and an overall deficit of $32 trillion.  In essence, this means that Social Security is insolvent and will not be able to pay out benefits to anyone within a few year's time.

So with the fact that Congress had kicked the Social Security can down the road for two decades without doing a thing to fix known deficiencies with the program, and has waited until now when the fund has finally bankrupted itself, what can America's legislative body since we have reached the point where The Stuff has Hit the Fan?

How about create a completely NEW retirement fund from scratch, and make employers pay additional taxes on top of FICA to pay for it.

It was only a few weeks ago that I told you about the government’s annual report on Social Security. 
It was a veritable death sentence for the program. 
The Board of Trustees for Social Security (which includes the US Treasury Secretary) wrote that major parts of the program have already run out of money, and the rest of Social Security will run out of money in the next decade. 
Well, the government has figured out a solution. And it’s genius. 
Two weeks ago a new bill was introduced on the floor of Congress that, just like all the other really dangerous legislation, i.e. USA PATRIOT Act, this bill has a catchy acronym. 
It’s called the SAVE UP Accounts Act, which stands for. . . 
. . . “Secure, Accessible, Valuable, Efficient Universal Pension Accounts Act”. 
In short, SAVE UP mandates certain employers and businesses in the United States, including many small businesses, to start contributing a fixed amount of money per employee into a brand new national retirement fund. 
Based on the contribution requirements and the average wage in the United States (about $50,000 annually), the bill is slapping a 2% wage tax on employers. 
Funny thing, employers are already paying 6.2% to Social Security. 
So an additional 2% tax effectively constitutes a 32% proportional increase. - Sovereign Man
Since employers have already cut many of their worker's hours thanks to Obamacare, and even more over the past six months due to mandatory hikes in minimum wages, what do we think will be the reaction from businesses once this new tax is added to their overhead costs?

And even more, with the nation's largest pension fund (Calpers) admitting to be vastly underfunded, and the largest civilian pension fund (Central States) cutting benefits for all their retirees, isn't it past time that we all took responsibility for our own retirements, and make sure it isn't in paper assets that will be bailed in when the government itself becomes completely insolvent?

Saturday, June 18, 2016

European Commission wants to tax links to websites and webpages

Over the past year there has been much discussion over the forging of non-transparent trade agreements that seek to close rather than open trade between the U.S. and Western economies.  But for several years the real elephant in the room has been the lack of openness within the world’s largest trade coalition, that being the European Union.
Over the decades the EU has filed lawsuits against companies and corporations that do business within Europe simply because their own businesses were unable to compete with the technology and capabilities of enterprises outside of the continent.  For example, one lawsuit by the European Commission demanded that Microsoft unlock its proprietary code so that European companies could compete with the OS giant by using their intellectual property.
eu fascism
Read more on this article here...

Monday, February 29, 2016

It didn’t take long for Japanese citizens to rush to get their money out of their banks thanks to NIRP

If the world ever wanted to see in real time what people do when their government puts a tax on their savings, then all they need to do is take a look at Japan now that their central bank has implemented a negative interest rate policy (NIRP).  Because just weeks after the Bank of Japan’s (BOJ) head Kuroda announced the new policy out of thin air, runs to get cash out of banks have begun in earnest, with sales of personal safes exploding across the country and people stacking them with millions of 10,000 yen currency bills.
NIRP is a draconian tax on anyone with money in a bank account, or paper investment account, and is done in the attempt to force the spending of money whether the people want to do this or not.

Read more on this article here...

Sunday, January 31, 2016

Helicopter Ben goes to Switzerland as people to vote on getting monthly government payouts

It is becoming more and more apparent that the entire global financial system is rushing headlong into a titanic collapse sometime in the future, and governments along with central banks are willing to do anything to extend it as far as it can go.  This of course means that at certain points along the way they need to use more and more drastic measures in order to stimulate spending.
Starting late in 2015, and continuing so far into the first part of the new year,  these ‘drastic measures’ are starting to hit mainstream.  And besides the growing talk about negative interest rates, and banning or ending the use of physical cash, the last resort scheme in the arsenal of those in power is right now knocking on the door, and is being looked at strongly in Northern European country’s like Norway and Switzerland.
And that last resort scheme is the direct distribution of cash to the people.

Read more on this article here...

Wednesday, December 30, 2015

U.S. Senator calls for a new surtax to fund ISIS ‘war’ as 8 out of 10 Americans think we are losing

Since 2003, Congress has spent over $3 trillion on wars in the Middle East, with little to show for it besides the rise of an Islamic caliphate.  And if more than a decade at war isn’t enough for the American public, a U.S. Senator from the state of Delaware wants to create a new surtax on the people to fund an escalation of the ‘war’ on ISIS, and at a time when 8 out of 10 Americans believe the Obama administration has failed in his mission to stop radical Islam.
The sad part of course is that Congress has not declared an actual war, and like the immense waste that occurred in Iraq and Afghanistan, who knows where revenues from this tax would really go.

Read more on this article here...

Tuesday, December 29, 2015

Ontario becomes ground zero for citizens being asked to pay for the debts of their government

$160,000.  That is how much each American ‘virtually’ owes bondholders to cover the government’s nearly $19 trillion in national debt.  And while our taxes are the primary collateral which allows Uncle Sam to borrow from a privately owned central bank, is there a chance sometime in the future where the government may use force, coercion, or even confiscation to pay these obligations that neither you nor I volunteered for?
US-Public-Debt-per-Taxpayer-Apr-2015
The answer to that may be coming sooner than we think, as our neighbor to the North, and in particular the City of Ontario, Canada, is so deep in debt that they are now asking their own people to voluntarily donate monies outside of proscribed taxation to pay on the city’s debt before insolvency bring it crashing down.
Read more on this article here...

Monday, December 28, 2015

Got Karatbars? The time has arrived where governments need your money to stay solvent

There are fewer and fewer people alive today who remember President Franklin Delano Roosevelt's bank holiday and subsequent confiscation of gold under Executive Order 6102 back in 1933, and even fewer who understand what individual control over their own money really means.  In fact, despite the Credit Crisis that nearly collapsed the Western banking system and brought about the concept of depositor bail-ins just seven years ago, most Americans and Europeans still trust the system and their government to hold their bank accounts, retirement accounts, and paper assets sacrosanct.


But history has shown that greed is a very powerful elixir, and very few if any institutions can withstand the corruption it brings over the course of time.  And while the vast majority of people find it difficult to believe that the government would ever pass a law to take their money held in a bank, broker, or retirement account, one such government is suddenly becoming ground zero for just that potential action.

Over the Christmas holiday, data points tied to a collapsing housing bubble and a destruction in Canada's oil industry has led the city of Ontario to publicly beg its citizens to help bailout the government as the municipality finds itself on the cusp of bankruptcy, and without hope of paying off $300 billion worth of debt it has accumulated.
Ontario Premier Kathleen Wynne is asking that you consider giving your money to the Ontario government as well. 
For a mere $21,000 for every man, woman and child in the province, Ontario could be debt free. 
No, this is not some kind of holiday joke about the Grinch who stole Christmas.
And, no, voluntarily donating to the government isn’t in lieu of paying taxes. 
It is in addition to them. 
Canada’s largest province has asked its taxpayers to donate their hard-earned money to the cause of bailing out the much indebted provincial government. 
On top of paying among the highest taxes in North America, and coping with skyrocketing hydro prices — hikes directly caused by the decisions made by this Liberal administration and the previous one — the Wynne government wants more. 
Treasury Board Chair Deb Matthews made the bold request last week, and specifically asked folks to donate their tax return rebate to help pay off the provincial debt. - Toronto Sun
Fast forward to the United States.



Following the 2008 Credit Crash and subsequent Great Recession, former Speaker of the House Nancy Pelosi proposed a bill that would have nationalized all 401K's, IRA's, and pension accounts under government control to help subsidize the then $14 trillion in national debt.  This bill never made it to the House floor, but since them the debt has risen to over $19 trillion and the same government has instituted two other schemes such as President Obama's MyRA program, and the Treasury Secretary's move of public pensions into U.S. Treasury debt that is as un-payable as Ontario's debt appears to be.

(Just read Secretary Lew's words during the last debt ceiling debate where Social Security would be un-payable without allowing the government the power to borrow more money)


The overall point is that the world is finally finding itself forced to pay the piper after years of irresponsibility and unsound financial practices that place global debt at a whopping $230 trillion, or
300% over the world's annual GDP.  And if anyone is wondering why the G20 is now forcing all Western nations to pass Bail-in laws to have you and I pay for the next financial crisis, all one has to do is look at what is taking place in Venezuela, Argentina, and now Canada to see that the Day of Reckoning is now upon us.


So if any cash, savings, or retirement accounts held by governments, or in banking institutions is as vulnerable as it was 80 years ago during the last great bank holiday, what alternative is there for you to protect your wealth, get it offshore and away from any potential confiscation, and into something that is not readily taken by these now insolvent institutions?

You can do this with a company called Karatbars



Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.


The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Wednesday, December 23, 2015

U.S. lowers tax barriers to allow foreigners to buy more property and investments

Since the 1990’s, central bank policy has been to create monetary environments that build financial bubbles to make the economy look much better than it actually is.  And just as we recently saw where Fannie Mae is engineering amodified resurrection of sub-prime lending to boost the current housing bubble even further, the government is also jumping on the bandwagon by lowering a 35 year old tax rule that kept out foreign investors from buying up American property.
Known as the 1980 Foreign Investment in Real Property Tax Act, or FIRPTA, this act had created a disincentive for foreign individuals and institutions to buy property in the U.S., and keep Wall Street investments like REITS from being controlled by offshore entities.  But after passage of the new $1.1 trillion Omnibus spending bill last week, Congress and the President cut this Act to facilitate the inflow of foreign capital to keep the newest housing bubble from bursting.

Read more on this article here...

Saturday, September 19, 2015

Muslim leader in Central Asian country calls for progressive taxes on acts of sex

In the United States today we have a radical religious activist by the name of Kim Davis, who is becoming a 21st century version of Carrie Nation, and who is trying to bring about a one woman battle against homosexual marriage the same way Nation did against drinking just prior to Prohibition.  But for another religious zealot that resides in a country located in Central Asia, a leader within the religion of Islam is starting his own radical campaign by proposing a new tax scheme on sex.
Murat Telibekov of the Muslim Union of Kazakhstan has come up with a comprehensive list of progressive taxes based on various kinds of sexual intercourse, and the myriad of ways and parameters sex is carried out by citizens and foreigners within the country.  The taxes being proposed range from punitive ones for short-term missionary acts, to much higher taxes for exotic or out of wedlock fornication.

Read more on this article here...

Wednesday, October 16, 2013

IMF proposes a 10% tax on all bank deposits to pay for sovereign crises

First there was Cyprus, where upwards of 60% of all bank deposits were confiscated to bail out private bank insolvency.  Then came new initiatives by several countries, including Canada, New Zealand the the ECB, to take depositor funds and use them to bail out financial institutions during the next economic or monetary crisis.
And on Oct, 14, we have the IMF proposing a new 10% tax on all European depositors to help bail out the increasing sovereign debts that have only expanded in the Euro Zone since the credit crisis of 2008.
 
Read more on this article here...

Thursday, October 18, 2012

Chicago liberals can't stop gun violence so instead they will tax it

Chicago has become a war zone, with criminal and gang elements killing each other and regular citizens at an alarming rate.  The Mayor, legislature, and police have been unable to do anything about it over the past two years, so their newest solution is to institute a tax on both guns and ammunition.


Image of old machine gun tax stamp

Cook County Board President Toni Preckwinkle will submit a budget proposal Thursday that calls for a tax of a nickel for each bullet and $25 for each firearm sold in the nation's second-largest county, which encompasses Chicago.

Preckwinkle's office estimates the tax will generate about $1 million a year, money that would be used for various county services including medical care for gunshot victims. Law enforcement officials would not have to pay the tax, but the office said it would apply to 40 federally licensed gun dealers in the county. - MSNBC

Presumably, after the Supreme Court shot down the cities draconian attempts to deprive citizens in Chicago of their second ammendment rights to own firearms, they are choosing to take it to the next level and try to raise the price beyond the ability of people to protect themselves.

For decades, the city of Chicago has been a town run by a political machine, which uses community organizer associations (like the one Barack Obama was a part of), to control the people and ensure votes are made to keep the machine in power.  Thus gun ownership within the city is seen a threat to the machine, and since they are unable to quash it entirely, taxing it like a vice appears to be a good way to dissuade ownership, as well as milk the citizens for extra money.  Chicago is massively in debt, and holds a huge budget deficit for this fiscal year, even as they have one of the highest sales tax rates in the country.

Thursday, June 28, 2012

Supreme Court and Obamacare: Get ready for small businesses to close their doors

The Supreme Court on June 28 provided the impetus for the end of Constitutional government when they ruled that Federal agencies under the auspices of the Commerce Clause and the right to tax can force any and every citizen to do whatever they see fit.  Under Obamacare, the big winners are Big Pharma, and Big Health organizations.  However, the big, big losers are small businesses, which will start to close their doors en masse, as the ability to pay for universal healthcare destroys their capacity to function in the economy.



•OBAMA'S HEALTH-CARE OVERHAUL UPHELD BY U.S. SUPREME COURT
•5-4 decisions, with Roberts joining the court's liberals.

•Court says federal government can’t threaten to withhold money from states that don’t fully comply on Medicaid extension
•CHIEF JUSTICE ROBERTS SAYS MANDATE IS NOT A VALID EXERCISE OF CONGRESS' POWER UNDER COMMERCE CLAUSE AND NECESSARY AND PROPER CLAUSE

•HEALTH LAW'S MEDICAID EXPANSION LIMITED BY U.S. SUPREME COURT -RTRS
•ROBERTS, JOINED BY TWO JUSTICES, SAYS MEDICAID EXPANSION VIOLATES CONSTITUTION -RTRS

•FOUR JUSTICES DISSENT, SAYING THE PATIENT PROTECTION AND AFFORDABLE CARE ACT GOES BEYOND -RTRSCONGRESSIONAL POWERS UNDER CONSTITUTION -RTRS
•ScotusBlog conclusion: So the mandate is constitutional

•The bottom line: the entire ACA is upheld, with the exception that the federal government's power to terminate states' Medicaid funds is narrowly read
•The ACA is upheld as a tax, not a penalty - Zerohedge

Be prepared fellow Americans.  The mandates on your lifestyle by the government have just begun.  Even as Mayor Bloomberg in NYC is trying to force people to drink less soda, and consume less salt, so now will the Obama administration's war on obesity become a festival of 'taxation', allowing their ideologies to become reality in forcing you, and your fellow citizens to do whatever policies they feel you should.