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Chinese State-Owned Chemical Firm Joins Dark Money Group Pouring Cash Into U.S. Elections

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Source:  The Intercept

Chinese State-Owned Chemical Firm Joins Dark Money Group Pouring Cash Into U.S. Elections

by

Wanhua Chemical, a $10 billion chemical company controlled by the Chinese government, now has an avenue to influence American elections.

On Monday, Wanhua joined the American Chemistry Council, a lobby organization for chemical manufacturers that is unusually aggressive in intervening in U.S. politics.

The ACC is a prominent recipient of so-called dark money — that is, unlimited amounts of cash from corporations or individuals the origins of which are only disclosed to the IRS, not the public. During the 20122014, and 2016 election cycles, the ACC took this dark money and spent over $40 million of it on contributions to super PACs, lobbying, and direct expenditures. (Additional money flowed directly to candidates via the ACC’s political action committee.)

READ THE REST OF THIS ARTICLE HERE.

DIGITAL KINGDOMS AND OUR FIGHT FOR FREEDOM

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    Author,  Chuck Frank
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The idea of freedom has been one big part of the American Dream for as long as I can remember.  It is a word that has been embedded in our culture for over two centuries and it was the reason why so many immigrants have fled their own countries to the land of the free and the home of the brave.

 For the cause of freedom, American soldiers have fought abroad in many wars but also for the purpose of preserving unity, liberty, and individual rights for all.  Notice, I did not include justice because that word  is far too ambiguous.  What may be just to one person may not be just for another. 

The times they are a changing.

Now taking the freedom factor a bit further, the framers of the U.S. Constitution insured the people’s freedoms by drafting the Bill of Rights which were the first 10 amendments to the Constitution and these tenets were generally meant to protect the common people, but not from those enemies abroad as much as it was to protect the people from their own government.  China and numerous countries do not have this protection.  Yet, this truth will not be found in ones elementary school textbook nor will it be found in any books that are
assigned by a professor in a university. 
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Survival Prospects for ObamaCare in 2015

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new-logo25By Jane M. Orient, M.D.,

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“It may be years before a new beneficiary develops a serious illness and finds out that his policy is worthless.
• Come April, Americans will be having to tell the IRS about their insurance status, and pay an additional “tax” if it doesn’t meet requirements. Employers face onerous new reporting requirements come New Year’s Day, and the delayed employer mandate kicks in.”

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Now that Republicans have control of Congress, they could possibly keepObamacareHurt their promise to repeal ObamaCare—except for two immediate obstacles. One of course is the threat of the Presidential veto. Another is the already apparent willingness of craven politicians to surrender pre-emptively.

Once a government benefit is given, it becomes politically suicidal to take it back—at least in a way that people can see. There are likely a million or more Americans who are reveling in “having healthcare for the first time in their lives.” Or so the Administration’s messaging would have us believe. People are not yet onto the difference between having an insurance card and getting prompt medical attention. More

The fact of Ebola now uncontained internationally requires action. What action?

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new-logo25Dick Eastman M.S., M.A.

 

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Action for what purpose? A debate.

Does Ebola deserve the attention it’s been getting lately? Is it as dangerous as some so-called “alarmists” (e.g., Mike Adams, Donald Trump, etc.) are suggesting? Or is it the easily manageable threat others (like the CDC) are proclaiming? Actually, the truth may lie somewhere in the middle.

Ebola as a contagious disease deserves appropriate action. The disease exists and it is on the loose. But there something else in play here. The disease is obviously not being handled intelligently and those whom are generally thought to be the responsible authorities, government, American medicine and the Center for Disease Control are clearly not taking measures to address this un-contained fatal virus.

This president who signed in a medical reform bill that seems to have been written for the profit of the financial sector and the big pharmaceutical companies has not taken the steps that must be taken now. A national quarantine of everyone — with absolute minimization of contact, including schools and, simultaneously, the closing airports and border crossings — except for minimum personal contact imports, say from container ships or trucks carrying products in which the truck drivers are limited in whom they may contact. The system will not be perfect and there is no time to perfect it – it simply must be done now — while containment is still possible. With an incubation period of 20 days and people exposed wandering freely about right now, the option of containment as I have described will not be open for long.

Yes, infectious disease experts may know the most about the viruses that cause Ebola virus disease (EVD) and the other hemorrhagic fever diseases; scientific facts are always preferable to unfounded theories and worst-case prognostication; and some people do attempt to profit/benefit from the hysteria that comes from potential threats. More

The IRS and Your Health

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new-logo25Contributor &  author:  Jane M. Orient, M.D., Executive Director of  Association of American Physicians and Surgeons,    (see Dr. Orient’s bio at the bottom of this release)

Interview – Contact Dr. Orient directly  at (520) 323-3110 or janeorientmd@gmail.com  (reporters and  journalists welcome!)

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As Americans watch  congressional hearings on the Internal Revenue Service, they should ask  themselves what this enormously powerful, corrupt, politically motivated agency  might do with its new job of administering ObamaCare….

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The IRS and Your Health

By Author-Contributor Jane M.  Orient, M.D., http://www.drjaneorient.com/credentials.php

jpeg bryantAs Americans watch congressional  hearings on the Internal Revenue Service, they should ask themselves what this  enormously powerful, corrupt, politically motivated agency might do with its new  job of administering ObamaCare.

We have heard testimony from  those whose tax exemption was delayed or denied, or who underwent abusive  audits, or faced seizure of their accumulated earnings, apparently because  someone viewed them as opponents to the Powers.

The people who are testifying  are obviously still alive.

What if this agency had the  power to control access to medical care?

Of course, it will not have this  power under ObamaCare. Not exactly. These are the powers that it will  have:

The IRS will decide whether you  get a subsidy to buy the increasingly expensive health coverage mandated under  the law. Since that coverage could cost a third of your income, its  “affordability” obviously depends on whether other taxpayers have to help pay  for it. And by the way, the subsidy doesn’t go to you—it goes to the Plan. To  qualify, the Plan has to please the Administration. It has to allocate enough  for politically correct “prevention” (such as abortions) and not too much to  services that lead to “disparity” (such as hip fractures in the  elderly).

The IRS will determine which  insurers will survive. A Plan that is not eligible for subsidies is likely to  die for want of enough customers. The Administration has a record of picking  winners (its cronies) and losers (its opponents).

The IRS will influence the  chances that your job will survive. Your employer may be hit with ruinous fines  for not having benefits that qualify or for having workers who apply for  subsidies on the Exchange. As the rules are impossibly complex, government  agencies have a lot of discretion, which can be used to reward and to  punish. More

The Courts and the IRS: Jeff Maehr returns

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   Join us Monday evening, October 29th, 2012 at 8:00 CST! More

The IRS: Jurisdiction over you?

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Join us Wednesday evening October 17th, 2012 at 8:00 CST! More

The Great Global Money Siphoning Machine

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By W. R. McAfee, Sr.

Copyright © by W.R. McAfee.  All rights reserved.

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OPINION

People who’ve paid attention to financial events of late are seeing the financial curtain rising on the final act of the greatest theft the world has ever known. It began when:

  • (1)America’s treasury vaults were emptied by Wall Street’s thieves and their politically-appointed government confederates, and
  • (2) the subsequent start-up of the fed’s money presses to the tune of—What? $20, $25 trillion now that has gone onto the American taxpayer’s tab?

All this to pay for the deliberate financial devastation the bankers caused worldwide by insuring and selling worthless Wall-Street-stamped, genuine Triple AAA-rated derivatives/CDSs/mortgage bundles to the rest of the world; knowing the banks and funds that bought them would be stuck with these ‘moral hazard’ assets; thus placing themselves in vulnerable financial positions; ripe pickings for later takeovers, consolidation, closures.

Did I mention the companies that insured the bundles would also take a bath?

All of this might have been avoided if our elected puppets had not given up America’s Constitutional right to print our own money to English-backed bankers in 1913.  Our founders, knowing about the Rothschild banking operations in London—it’s estimated they now control an estimated two-thirds of the world’s money—had deliberately written into our Constitution that congress was the only body authorized to coin [read: print] and issue America’s money. More

WIKI-LEAKS PLANS TO RELEASE THE COMPUTERIZED CONFIDENTIAL MEDICAL RECORDS OF ALL AMERICANS

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John Wallace    Liberty News Online

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“Given the well documented inefficiency with which our federal government does anything, I think it is safe to predict that mistakes from faulty data entries, loss medical records, mis-entered ID numbers, “down” computers, could lead to drastic and life-threatening medical problems or wrong medications being given to many patients. “

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LNO: What are the American people going to do when Julian Assange of Wiki-Leaks decides, at some time in the future, to release the computerized confidential medical records of all Americans that have been obtained from a disgruntled employee of the new federal government’s central medical database? More

The Value Added Tax: A Hidden New Tax to Finance Much Bigger Government

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Although I totally disagree with this man’s description of Social Security as an “entitlement” program, attempting to paint it as some form of welfare, the remainder of his assessment is quite accurate. 

The greatest unfunded libaility we have is the federal government…the same government which has stolen and estimated 3 trillion from Social Security since the Johnson administration.  It becomes “unfunded” because they have no way and never intended to pay it back without turning yet again, to the working class to replenish the theft of  FICA taxes invested in Social Security. 

Social Security becomes a “liability” when the funds stolen exceed those coming in; a threshold we will reach in 2035. 

The Social Security Scam – Why all taxpayers must file income tax returns

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Live Link: Llstuler.wordpress.com

Reprinted with permission

 This site will forever end the conflict between the various “tax honesty movement” groups and the enforcement of the internal revenue laws.  First of all, when dealing with the federal government of the United States, one must learn the definitions of the government’s legal “terms”.  So let’s start with the definition of the term “taxpayer”.

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The Social Security Scam – Why all taxpayers must file income tax returns

          You have been told that Social Security is an insurance program run by the federal government.  You were led to believe that your income would be taxed at a certain rate for the cost of the program.  Then in times of medical emergency or upon retirement you would be eligible for Social Security benefits.  On the surface, this would seem to be an equitable arrangement.  

          But the federal government failed to fully inform you as to all of the other ramifications of applying for a Social Security number.  For instance, did you know that you became a federal employee?  Well, you did – specifically you became a member of the Merchant Marine.  You also became an employee of a corporation that is involved with importing to and from the U.S. possessions.  Another consideration is that if FICA is based upon a percentage of your earnings, then the government has somehow been granted the right to know the amount of your income and the sources of your income – this is not a hallmark of freedom.  These statements and more will be evidenced by the actual federal statutes and regulations further on this page.

          Like all great magicians, the federal government has you looking at the obvious while hiding the basis of the trick that the magician is performing right in front of your eyes.

          Lots of Americans have questioned the legitimacy of the personal income tax, but it seems that everyone just loves the Social Security program.  Social Security is the sacred cow that no one is ever supposed to criticize.  Oh, sure, some claimants of Social Security find fault with what claims are denied or only partially funded.  And lots of people are now pointing out that Social Security is not going to be solvent in the near future.  But up till now no one has questioned the legitimacy of the Social Security program.  Well, that time has come. More

The “Pricks” In The Senate Once Again Show Their Hands

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Constitution of the United States of America

Declaration of Independence

Lynn Swearingen (c) copyright 2010 ALL RIGHTS RESERVED

As a Wall Street Journal Opinion piece reads today:

The 1099 Insurrection

You might not have seen it reported, but the Senate will vote this morning on whether to repeal part of ObamaCare that it passed only months ago. The White House is opposed, but this fight is likely to be the first of many as Americans discover—as Nancy Pelosi once famously predicted—what’s in the bill….

and later: More

The Federal Reserve’s 100-year scam

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By W. R. McAfee, Sr. (c)copyright 2010 All Rights Reserved

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“The descendants and associates of these bankers still control the world’s Central Banks as well as the Bank of International Settlements (BIS) in Basel, Switzerland today; which will serve as the financial headquarters for [their] appointed world government if it happens.”

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America’s founders wrote it into the Constitution that Congress was the only institution that could create and regulate American money.

This right was signed away by Woodrow Wilson in 1913 who sold his soul to a small group of international bankers (mostly English or their representatives) who wanted to set up a central bank in the U.S.—today’s Federal Reserve—in return for financing his run for president and the right to print and sell America’ their own money.  More

The Income Tax and American Servitude

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Hornberger’s Blog
Thursday, April 8, 2010

Hornberger’s Blog Index

The Income Tax and American Servitude
by Jacob G. Hornberger

With April 15 almost upon us, this would be a good time to remind ourselves of how the income tax contributed to the destruction of American liberty.

We should first keep in mind that with the exception of the Civil War, the American people lived without an income tax from the beginning of the United States until 1913, when the 16th Amendment was adopted.

This was not an accident. Americans living during that period of time understood that freedom and an income tax were contradictory notions. If people wanted to live in a free society, it would have to be a society in which government was prohibited from levying taxes on income. Conversely, if people wanted to live in a society in which government is taxing income, then the price they pay is the loss of freedom. More

SO YOU THINK THE UNITED STATES STILL HAS A TREASURY?

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Live Link: atgpress.com

by: A Disgusted Informer

The article you are about to read with the document, is what I had said in *Going After the Wrong People* on atgpress, that there is no Secretary of the Treasury of the US . This is the actual document abolishing the real US Treasury in 1921.

This also proves the Secretary was to transfer to the TREASURER many functions of the Treasury.

The only thing that exists today is A DEPARTMENT of TREASURY, which IS NOT a Treasury. See Black’s Law 5th Ed page 393 for DEPARTMENT and Websters 1828 dictionary says.

DEPARTMENT (1) Literally: a separation or division; hence a separate part, or portion;

(2) A separate allotment or part of a business.

IRS is only a private corporate entity as listed on Manta and Dun & Bradstreet as the IRS. If you want to write to the Treasury that no longer exists, as you think it should be, try writing to the Federal Reserve as it is now the fiscal agent of the United States A.K.A. Congress when assembled.

Fits right in with the government being a private corporation and the Department is not a treasury any longer just called a department of treasury when there is no treasury. More

Tax day: Will you submit to a foreign corporation?

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 by Marti Oakley (c)copyright 2010 All Rights Reserved

 

As April 15 approaches, several tax day protests are planned around the country.  At the heart of these protests is the unrepresented debt that has been foisted on to the people of the (50) sovereign states; people who find they are being taxed to pay for illegal wars and corporate bailouts among other things. 

The IRS is not a federal agency.  The debt incurred for illegal and unlawful activity by the federal corporate government is not ours.  Let those who incurred the debt, pay it.

How many of us are aware that all the so-called laws passed by congress apply only to those inside the Federal zone?  The ten mile square boundary of Washington D.C. is the federal zone.  Only the people who reside inside that boundary are citizens of the corporate UNITED STATES.  More

The Cartel’s Collection Agency better known as the IRS

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RENSE.com

By J. Speer Williams
2-23-10
With the foul mixture of adjustable rate mortgages, low down payments, unqualified loans, and liar loans, where potential homebuyers could not even verify that they had jobs or adequate funds to buy a house, the private International Banking Cartel inflated their US housing bubble. Then, the Cartel violently burst their bloated, thin-walled, and ephemeral bladder of toxins, they had so carefully pumped with hype, lies, and wicked intentions. Now, the Cartel is delivering their coupe de grace on some defaulting home buyers; they are siccing their private collection agency, the IRS on many of the homeless and jobless of America.
Many beleaguered, debt-ridden, jobless Americans have lost, or are about to lose, what they had left of the great American Dream: owning their own home. Lending institutions, all over the US are foreclosing on our hopes and dreams for ourselves and children with malice aforethought. These premeditated crimes of the banksters will not, however, go unrewarded by the US government, with increased income taxes, sales and value-added taxes, banker bail-outs, and “stimulus” packages, all paid for by those who are living the American Nightmare – a dark dream of intense, inescapable fear, horror, and distress.
After losing their homes to the foreign controlled Banking Cartel, many Americans will be assaulted with unexpected income taxes: Enter the Banking Cartel’s collection agency – the IRS. More

“Every American is A Criminal,Or Soon Will Be”

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NARLO.org

By Ron Ewart, President

National Association of Rural Landowners and nationally recognized author on freedom and property rights issues. We are spreading the message of American Freedom around the globe.  © Copyright March 11, 2010 – All Rights Reserved

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“The more laws government passes, the more law breakers government makes.”  Ron Ewart

We have repeated the following phrase several times in our articles, since repetition seems to be the only way to get a message across.  “YOUR MONEY IS GOVERNMENT’S MAJOR POWER OVER YOUThe first power that government has over you is YOUR perception that YOUR money is their money.  The second power that government has over you is by using the money they take from you by force, against you.  But, the third power that government has over you is that you will religiously obey their laws, no matter how many they pass, or how unconstitutional those laws may be.

From another article we wrote:  “The consequence of too many laws is that huge segments of the public are totally unaware of their existence.  And yet, under the law, ignorance of the law is not a defense.”  More

MEMORANDUM OF LAW ON THE NAME…..you need to read this!

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NOcAMEMEMORANDUM OF LAW ON THE NAMEMEMORANDUM OF LAW ON THE NAMEMEMORANDUM OF LAW ON http://famguardian.org/Subjects/LawAndGovt/Articles/MemLawOnTheName.htm#

MEMORANDUM OF LAW ON THE NAME

17.  The Birth Certificate

Since the early 1960’s, State governments – themselves specially created, juristic, corporate persons signified by all caps – have issued Birth Certificates to “persons” with legal fiction all-caps names. This is not a lawful record of your physical birth, but rather the birth of the juristic, all-caps name. It may appear to be your true name, but since no proper name is ever written in all caps (either lawfully or grammatically) it does not identify who you are. The Birth Certificate is the government’s self-created document of title for its new “property,” i.e. the deed to the juristic-name artificial person whose all-caps name “mirrors” your true name. The Birth Certificate brings the new all-caps name into colorable admiralty/maritime law, the same way a ship (and ship of state) is berthed.

One important area to address, before going any further, is the governmental use of older data storage from the late 1950’s until the early 1980’s. As a “left over” from various teletype-oriented systems, many government data storage methods used all caps for proper names. The IRS was supposedly still complaining about some of their antiquated storage systems as recent as the early 1980’s. At first, this may have been a necessity of the technology at the time, not a deliberate act.  Perhaps, when this technology was first being used and implemented into the mainstream of communications, some legal experts saw it as a perfect tool for their perfidious intentions. What better excuse could there be?

However, since local, State, and Federal offices primarily used typewriters during that same time period, and Birth Certificates and other important documents, such as driver’s licenses, were produced with typewriters, it’s very doubtful that this poses much of an excuse to explain all-caps usage for proper names. The only reasonable usage of the older databank all-caps storage systems would have been for addressing envelopes or certain forms in bulk, including payment checks, which the governments did frequently.

Automated computer systems, with daisy-wheel and pin printers used prevalently in the early 1980’s, emulated the IBM electric typewriter Courier or Helvetica fonts in both upper and lower case letters. Shortly thereafter, the introduction of laser and ink-jet printers with multiple fonts became the standard. For the past fifteen years, there is no excuse that the government computers will not accommodate the use of lower case letters unless the older data is still stored in its original form, i.e. all caps, and has not been translated due to the costs of re-entry. But this does not excuse the entry of new data, only “legacy” data. In fact, on many government forms today, proper names are in all caps while other areas of the same computer produced document are in both upper and lower case. One can only conclude that now, more than ever, the use of all caps in substitution the writing a proper name is no mistake.

When a child is born, the hospital sends the original, not a copy, of the record of live birth to the “State Bureau of Vital Statistics,” sometimes called the “Department of Health and Rehabilitative Services” (HRS). Each STATE is required to supply the UNITED STATES with birth, death, and health statistics. The STATE agency that receives the original record of live birth keeps it and then issues a Birth Certificate in the corrupted, all-caps version of the baby’s true name, i.e. JAMES WILBER SMITH.

cer-tif-i-cate, noun. Middle English certificate, from Middle French, from Medieval Latin ceruficatum. from Late Latin, neuter of certificatus, past participle of certificare, to certify, 15th century. 3: a document evidencing ownership or debt. [Merriam Webster Dictionary (1998)]

The Birth Certificate issued by the State is then registered with the U.S. Department of Commerce — the Executive Office — specifically through their own sub-agency, the U.S. Census Bureau, which is responsible to register vital statistics from all the States. The word “registered,” as it is used within commercial or legal based equity law, does not mean that the all-caps name was merely noted in a book for reference purposes. When a Birth Certificate is registered with the U.S. Department of Commerce, it means that the all-caps legal person named thereon has become a surety or guarantor, a condition and obligation that is automatically and unwittingly assumed unless you rebut the presumption by effectively noticing them: “It ain’t me.”

http://famguardian.org/Subjects/LawAndGovt/Articles/MemLawOnTheName.htm#

““““““““““““““““““““““““““““““““““““““““““““““““““

We excerpted this from the named site.  This is a must read!!  If you have any questions about how the government gets away with much of what it does, this site should give you the information you need. 

We have excerpted only a small portion regarding birth certificates. 

What makes you think the “death tax” applies to you? (The Billionaire’s Tax)

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Ever hear of the “death tax”?  Sure you have.  Ever hear of the “billionaire’s tax”…maybe not, but death tax and billionaire’s tax are one and the same.  The original billionaire’s tax was a crafty piece of legislation that created massive loopholes for the ultra wealthy, allowing them special privileges not available to people like you and me who work for a living.  Here’s how it works:

 

Let’s say, hypothetically you made $1000 and this figure is a staggering amount compared to Joe Shmo who only made $1 this year. (Remember we are speaking hypothetically).  Joe Shmo will pay about 24cents in individual taxes even after the few deductions he is allowed and will pay Social Security taxes on his total income. 

Mr. Billionaire and those making $102 thousand a year or more will not pay SS on anything above this level.  But what else does Mr. B get?

 

*It should be noted here that Joe Schmo is paying the same prices for food, gas, heat, lights, insurance and medical costs as Mr.B.

 

 

  • First Mr. B. gets to “defer” up to 78% of his income, earnings and capital gains for as much as thirty (30) years.  This means he is claiming only 22% of his actual income for tax purposes. And Mr. B can do this year after year after year…….

 

  • Mr. B used to be taxed at a rate of between 37 and 55% on only 22% of his true income, now he is taxed at about 25% of only 22% of his true income.

 

($1,000 times 22% times 25% equals $55 (5.5% “marginal” rate of tax).

 

(Mr. B. has discretionary income of $945, compared to Joe Schmo’s net of 76 cents.)

 

Because Mr.B is fabulously wealthy and contributes to all the top politicians, this allows him special access to those in government.   Special tax provisions, deductions, write-offs, write-downs, carry over, carry back, special exemptions, tax hedges, tax dodges are all used to legally evade paying anything but minimal taxes, if any are paid at all. 

 

After thirty years or so, Mr. B kicks the bucket.  All of his income deferments are totaled up and the tax is assessed on the estate and is due and payable before anyone can inherit anything.  Right?  Wrong!

 

            Some years back Mr. B bought stock at $1 a share.  The day he died the shares were worth $10 each.  A hefty profit!  But a special provision has been provided for Mr. B’s heirs called the step-up basis.  Instead of having to claim the current real value of the stock, they get to “step-up” and claim only the original stock price of $1 and ignore, write-off and ride away with $9 in profits totally tax free.  But it gets better!

 

If the stock is worth less than the initial purchase price, they get to “step-up” to the diminished stock value and pay taxes on this reduced value, if they pay any at all.  But all of this applies under the billionaire’s tax only so long as the estate is valued at $3.45 million or more, net.  And these are just a few of the high points of the perks of being wealthy. 

 

It should be noted here that the Billionaire’s Tax does not apply to those whose net worth is less than $3.45 million, so it is not a consideration or an application that comes into play upon death of the primary holder of the accumulated assets of all kinds.

 

      Mr. B’s heirs also base the possible taxes on the year the income was deferred, meaning the rate of tax in that year of deferment.  As a bonus, the current value of the dollar can be used rather than the value in the year the income was deferred.  Since the value of the dollar has steadily declined, thirty years can put a big dent in the declared value of an estate, but only on paper.

 

In 2000, the top 549 families with incomes above $58 million paid only 17.8% in taxable rates.  That’s about 7% on average less in taxable rates assessed than the rate Joe Shmo pays with his limited deductions and predetermined tax rate which appears for some reason to be permanently fixed and is siphoned off his paychecks in advance of any determination of taxes owed. 

 

Although we are lead to believe, and there are those who desperately need us to believe, that the rich are being unfairly taxed, I disagree.  Most of the wealth these families and individuals have built up has been created due to the largesse of our country and to the hard work of America’s workforce and a lot of political subterfuge.  Nothing any of these wealthy families has accumulated has been acquired without:

 

·         loans from the government (our tax money),

·         subsidies (our tax money)

·         tax credits (we shift the burden to those who can’t afford it)

·         special financing not available to us

·         special tax breaks not available to the common person

·         lobbying politicians to pass special laws or provisions

·         Allowing the creation of phony business address in tax free havens like the Cayman Islands, avoiding any taxes at all

·         Promoting the idea it is unfair for the wealthy to have to pay taxes on 100% of their earnings, just like those of us who make less than 102,000 a year have to.

 

When politicians refer to the “death tax”…..correct them.  It is the Billionaire’s Tax they are referring to and it affects the ultra wealthy only.  It is a carefully devised system of tax liability reductions and available only to a few. Rather than these estates being comprised of predominately family farms, as is claimed, the bulk of all assets are liquid such as bonds, mutual funds, stocks and cash.

 

The myth that family farms have been, or are being lost to this tax is an outright lie.  When Bush campaigned in 2000, he claimed he had talked to many Iowa farmers who were alleged to have lost family farms to the “death tax”.  He has not to this day been able to produce even one name of any farmer who supposedly had this happen.

 

Focus on Farms Masks Estate Tax Confusion   (article)

“Neil Harl, an Iowa State University economist whose tax advice has made him a household name among Midwest farmers, said he had searched far and wide but had never found a farm lost because of estate taxes.  “It’s a myth,” he said.

Even one of the leading advocates for repeal of estate taxes, the American Farm Bureau Federation, said it could not cite a single example of a farm lost because of estate taxes.” http://www.responsiblewealth.org/press/rwnews/2001/estate_tax_nyt_farms.html

The death tax as it is called, will affect less than 546 families with inheritable estates valued at $3.45 million up to, or more than $58 million; and that is the adjusted value using the special provisions provided to the ultra wealthy.   

 

The repealing of the Billionaire’s Tax (death tax) will end any taxing of lifetime deferrals of income, but will not end the practice of deferring income to avoid taxes to begin with. 

 

People who will never, ever in their lifetimes even know anyone who was the beneficiary of the Billionaire’s Tax (avoidance), which in essence is a drop in the bucket for those to whom it applies, rail against this tax as though it is something unfair and that it somehow applies to them or will in the future. 

 

I suggest they try deferring 78% of their income this year, artificially devalue their assets and income to reduce any or all of their tax liability, then, promise the IRS that when they die they’ll pay up.  Let’s see how far that flies. 

 

© 2008 Marti Oakley

 

Global economy is a global disaster

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Global economy is a global disaster

 

As the information rolls in regarding the actual contents and costs of the bailout of Wall Street it becomes apparent that a global economy and deregulation, lack of oversight and greed just do not make for sound economic policy.  At some point, those claiming expertise in this area will be forced to admit, globalization is a recipe for global economic disaster.  Globalization of the economies of the world is nothing less than a global disaster.  It doesn’t work, it can’t work and the only people adversely affected are the middle class and the poor.  For those at the top its been a gold mine.

 

While many of us jumped on the neo-con bandwagon and threw our lot in with liars and thieves, others were not so impressed.  It would seem those who bought into this “get rich quick” scheme, were those who somehow thought a momentary spike in income and/or assets were an indication of greater riches to come.  These were the people who appeared at every opportunity, in any venue possible, proclaiming that free markets were going to be the end all, be all, of the economic world.  They were many times also the same people who exhibited an hysterical form of viciousness, an outright contempt and hatred of anyone who disagreed and who spent much of their time attacking and berating their perceived foes.  Their foes would be those people who dared to challenge their claims of globalization being the way to prosperity for all.

 

Those I knew personally who subscribed to this pseudo financial philosophy challenged me regularly with arguments that were so worn out from overuse I could barely stand it.  Always operating from the argument that if I didn’t support globalization and free markets I must be wanting the government to give everyone a handout.  I must be a commie, a socialist, a Democrat!!!  (I’m an Independent)

 

I was (and am) one of those people who thought the rich should pay a regressive tax, just like the rest of us do, and not be allowed loopholes, write-offs, hedges, deferments and other carefully crafted tax tools that exempted them from paying any taxes at all.  I also believe, if we have to see our Social Security investments raided to pay the costs of operating the federal government on a day to day basis just so the massive loss of revenues from the tax cuts to upper 3% aren’t realized, something is terribly wrong.

 

But this is where we are:

 

  • The rich are in line to get the greatest government handout in history.

You are going to finance this handout.

 

  • Wall Street fat cats will be dining on your money.

You will see your taxes go up regardless of who becomes president to make sure these same people can dine at the best restaurants via the handout.

 

  • No one involved in this crime of the century will be prosecuted and many will walk away with millions of investors and our tax money. This is fascism.

1.7 million homeowner’s go into foreclosure: they will be receiving no real help in the bailout.  That would be socialism.

 

  • Another 159,000 lose their jobs in September, 2008.

Virtually no CEO, or high level employee of these bankrupted financial institutions will, or have been, fired or otherwise penalized.

 

  • Investment retirement accounts were the first targets in the collapse.

Congress could have moved immediately to freeze those assets and make them temporarily secure from plunder.  They did nothing.

 

  • The same companies who now demand we finance them, forcibly, are many times the same who were involved in off shoring American jobs, closing American businesses and stashing their ill gotten gains in bogus off shore accounts to avoid any personal or business taxes.

The bailout bill includes increased IRS snooping on you and me to make sure WE aren’t hiding any income.

 

So….all you free market advocates who thought those of us who could see this storm coming were just trying to keep you from getting rich…..how do you feel today?

 

Your 401K is bust, your pension plan is broke, your house is worth only about 55% of your ARM, and its’ highly likely you could find yourself out of work, out of money and living in one of those tent cities cropping up all over the country. 

 

Remember the good ol’ days?  Remember when America was the worlds’ leader in manufacturing and everyone bought from us?  Less than 10% of manufacturing remains and millions are out of work.  The trade deficit with China alone is killing us a container at a time.

 

While the job market dries up, free market promoters are still advocating an increase in H1B visa’s, and the border is still wide open with a big welcome sign on it.  In fact, we put border patrol agents in prison for attempting to secure that border.

 

When we all come to understand that free trade in a regulated and efficient market is not the same as a free-for-all for those who have no allegiance or loyalty to our country, those who put their money ahead of anything and everyone else we will have made progress. 

 

As it is, our congress has officially declared a war against the people of the United States by virtue of voting in favor of financing the continuation of the same practices and people who are destroying us.  And to top it off……they’re going to make us pay for our own destruction.  Only in America!

 

© 2008 Marti Oakley

 

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