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New York, California see tax revenues fall by double digits while Florida and Texas see massive gains

July 06, 2023 - capital gains taxes and other taxes from very high earners who have large fluctuations in their income. "So much of those capital gains are in California and New York, which are the center of tech and the center of finance, respectively."

California's personal income tax collections are its largest source of revenue, with about half of the collections coming from the top one percent of earners. This leaves the state especially susceptible to financial shocks if more ...

Supreme Court hears case involving IRS taxation of UNREALIZED gains, meaning you’d have to pay more taxes every time an unsold asset gains value

December 19, 2023 -

Moore v. the United States technically deals with a different issue involving a couple that was taxed by the IRS for unrealized gains overseas. It could, however, end up affecting all Americans with a new precedent being set for unrealized gains taxation.

"This could have the biggest fiscal policy effects of any court decision in the modern era," commented Matt Gardner from the Institute on Taxation and Economic Policy (ITEP).

Last week, Gardner's ITEP colleague ...

Trump gains 9-POINT LEAD over Biden in Pennsylvania poll

October 19, 2023 -

The poll conducted by Emerson College surveyed 430 registered voters in Pennsylvania between Oct. 1 and Oct. 4. It found that 45 percent of respondents in the Keystone State favor Trump, while only 36 percent favor Biden. Eleven percent of respondents prefer a third candidate, while eight percent remain undecided.

Trump is very much favored among independent voters, with 44 percent supporting the real estate mogul-turned-president compared to Biden's 14 percent. Another ...

Chicago crowned MURDER CAPITAL of the United States for 12th consecutive year

January 09, 2024 -

According to data released by nonprofit community research company Wirepoints, mirrored by the end-of-year crime summary of the Chicago Police Department (CPD), the Windy City recorded a total of 617 murders in 2023.

This is over 200 murders more than Philadelphia, which ranked second with 408, and New York in third with 386. It should also be noted that Chicago only has a population of around 2.6 million compared to Philadelphia's 1.5 million and New York City's over ...

Dennis Quaid wants Texas to replace California as the world’s film capital

May 17, 2023 -

The actor of "The Big Easy" fame told Fox News anchor Jesse Watters: "We want to make Texas the film capital of the world. That's what Texas used to really have – a great film incentive program and a great film crew base." Quaid continued that this film boom could happen if state lawmakers introduce "more business-friendly" legislation.

According to the actor, film funding in the Lone Star State could potentially increase from $40 million to $300 million. Quaid told the ...

Parisians fear new wave of ILLEGALS in Lampedusa would eventually reach the French capital

October 16, 2023 - Local residents of the 18th arrondissement near the Jardins d’Éole fear that a new wave of illegal immigrants in Lampedusa, Italy would eventually reach Paris.

"We don't feel safe," one resident told CNews. He related that some newcomers had engaged in civil disorder and organized criminal activities like drug trafficking. Another resident confessed to feeling intimidated and scared due to the presence of groups of adult males loitering in the neighborhood....

Show your CCP loyalty: Republicans linked to Sequoia Venture Capital are acting very weird

June 29, 2023 -

(Article by Kari Donovan republished from FrontlineAmerica.com)

But it is not just Democrats who betrayed the American people in these ways by giving access to foreign groups. And the money was not just being made on energy.

“The flow of capital and profit was going towards weapons and making people nervous, (in 2018). There were investigations into how the CCP used Wall Street, which were shut down. Three investigations were happening in parallel at the same time, ...

Report: Democrats ready to hit the PANIC BUTTON as Trump gains steam and Biden falters

2 months ago -

According to The Hill, Joe Biden is trailing Donald Trump in polls of several battleground states, underscoring concerns that the incumbent president's message isn't gaining traction with swing voters." This dismal performance in surveys, the outlet added, "suggests … Biden is weaker than he was four years ago."

"Many Democrats thought Trump's legal problems would submarine him, but the Supreme Court in a unanimous decision … ruled in his favor on a Fourteenth Amendment ...

Pro-Ukraine war hawk Victoria Nuland QUITS as Russia gains ground and NATO’s military efforts falter

2 months ago -

U.S. Deputy Secretary of State Victoria Nuland will be gone in just a few shorts weeks, Secretary of State Antony Blinken announced. Nuland, a widely recognized foreign policy hawk, played an instrumental role in the 2014 Western-backed coup in Ukraine that led us to the current conflict between Russia and Ukraine.

Back in December 2013, Nuland visited Kiev with the late Sen. John McCain to hand out pastries to armed protesters in the city's central square. Just days before ...

INSTANT POVERTY FOR ALL: Supreme Court decision could impose taxes on PAPER GAINS for all assets

December 12, 2023 -

Let's move on to the financial news today, because there is a massive US Supreme Court case looming here that's called Moore versus the United States. If the Supreme Court sides with the federal government on this, it would allow the federal government to essentially confiscate virtually all assets of the American people, including your stocks, your home, your land, your gold, everything, almost everything. So this case is challenging the constitutionality of a tax law which ...

IRS consultant charged with leaking Trump’s tax returns to media

October 04, 2023 -

Former IRS consultant Charles Littlejohn, 38, disclosed not just Trump's tax returns but also those of "thousands of the nation's wealthiest individuals" to various news organizations, presumably for cash.

The Department of Justice (DOJ) also revealed that Littlejohn had shared the tax information of another "high-ranking government official" with another news outlet, which was recently identified as Pro Publica, a left-wing nonprofit group based out of New York.

Between ...

IRS stops processing pandemic-era tax breaks, citing RAMPANT FRAUD

September 22, 2023 -

According to ZeroHedge, the tax bureau cited "rising concerns about a flood of improper Employee Retention Credit (ERC) claims" for the moratorium. No new claims will be reviewed or processed until early 2024. The stoppage seeks "to protect honest small business owners from scams," according to an IRS statement.

The statement said IRS Commissioner Danny Werfel "ordered the immediate moratorium …  following growing concerns inside the tax agency and from tax professionals, ...

Report: Democrats dominate 2023 Congressional stock returns, earning huge gains from insider trading that would land anybody else in prison

January 07, 2024 -

Members of Congress are required to disclose their finances through financial disclosure forms that are filed annually and every time they or their families make a trade. These forms, which are available through the Office of the Clerk of the House of Representatives and the Office of the Secretary of the Senate, are a key tool for promoting "ethical conduct" in Congress and an important effort to promote "integrity and transparency" in the legislative branch of the government....

Government using tax tyranny to steal every last penny from Americans

4 days ago -

In order to cover its constant trillion-dollar spending bills, which ship the fruits of your labor off to places like Ukraine and Israel, the powers that be have created a litany of deceptive schemes to swindle and defraud you.

"The government's schemes to swindle, cheat, scam, and generally defraud taxpayers of their hard-earned dollars have run the gamut from wasteful pork barrel legislation, cronyism and graft to asset forfeiture, costly stimulus packages, and a national ...

Hunter Biden pleads NOT GUILTY to tax fraud charges in California

January 15, 2024 -

Federal prosecutors have accused President Joe Biden's son of being engaged in a "four-year scheme" to avoid paying at least $1.4 million in federal taxes he owed between 2016 and 2019 to the Internal Revenue Service (IRS). During the same period, Hunter allegedly spent millions of dollars to fund an extravagant lifestyle, purchasing luxury goods and services like drugs, prostitutes and exotic cars.

In December, the U.S District Court for the Central District of California ...

California grand jury indicts Hunter Biden with multiple felony tax charges

December 14, 2023 -

The grand jury in the Central District of California charged the younger Biden with three counts each of evasion of a tax assessment, failure to file and pay taxes, and filing a false or fraudulent tax return, according to the 56-page indictment. "At times relevant to this indictment, the defendant served on the board of a Ukrainian industrial conglomerate and a Chinese private equity fund. He negotiated and executed contracts and agreements for business and legal services ...

Hunter Biden sues IRS whistleblowers for BREACH OF PRIVACY over tax probe

September 22, 2023 -

The 27-page lawsuit filed on Sept. 18 in the U.S. District Court for the District of Columbia named IRS agents Gary Shapley and Joseph Ziegler as plaintiffs. The two whistleblowers appeared before Congress and the media, accusing the Department of Justice (DOJ) of deliberately delaying and obstructing the investigation of Hunter's case.

The younger Biden's lawsuit focused on testimonies by the two defendants before the House Ways and Means Committee (WMC) in relation ...

Hunter Biden pleads GUILTY to tax crimes, reaches deal on gun charge

June 22, 2023 -

In addition to the tax charges, Hunter Biden was accused of unlawfully owning a firearm while being addicted to a controlled substance in October 2018. For this charge, he has entered into a pretrial diversion agreement, which offers an alternative to prosecution, potentially allowing defendants to avoid prison time or a criminal conviction. (Related: MSNBC forced to admit Hunter Biden will be CHARGED for multiple felonies.)

The plea agreement, which requires approval from ...

Chinese shadow banking giant Zhongzhi Capital declares bankruptcy due to inability to pay off $64 BILLION in debt… ripple effect to follow

January 10, 2024 -

The Beijing-based Zhongzhi Enterprise Group, known alternatively as Zhongzhi Capital, is a Chinese shadow banking conglomerate that filed for bankruptcy on Jan. 5. Shadow banks like Zhongzhi Capital operate by pooling household and corporate savings to offer loans for investments into real estate, stocks, bonds and commodities.

Zhongzhi had been warning about its distressed financial situation as far back as August, when reports came out that the company had told its ...

Ex-IRS consultant took job with intention of stealing Trump’s tax returns: DOJ

January 22, 2024 -

(Article by Caden Pearson republished from TheEpochTimes.com)

Washington resident Charles Littlejohn pleaded guilty in October last year to one count of unauthorized disclosure of tax returns and return information after he was accused of stealing and leaking data associated with President Trump and other wealthy individuals.

In a 15-page filing, prosecutors pushed for the maximum statutory sentence of five years in prison, arguing that Mr. Littlejohn’s betrayal ...