GOP plan to end “Death Tax” means the billionaires will be overjoyed, while the rest of us pay the bills
Tuesday, 4/4/17: examining entire fake “Russian Dossier” on Donald Trump!
Estate tax percentages have varied in recent history, ranging from 55% in 2000 under George Bush #1 to 35% under Barack Obama and now 40% under Donald Trump. The GOP wants it to be zero.
Currently, couples with less than about $11,000,000 pay no estate tax. On amounts above that, the government takes 40% for taxes. The history of the estate tax revolves around the desire for fair taxation of the richest Americans to pay for public programs.
Eliminating the estate tax will aid any couple who die with more than $11 million (current deduction), and the GOP argues that this would affect many small businesses, which would have to sell land or equipment to pay the tax.
I have an idea that should please the GOP and still maintain some sanity in our progressive tax system. This is in addition to the 123 Plan, which easily adds $54 billion in revenues to the federal budget this year.
Only apply the estate tax to those whose estates are $1 Billion or more, but raise the rate to Bush #1 rate of 55%.
That would generate $1,514,425,000,000, or $1.5 Trillion that the rest of us won’t have to pay in income and other taxes. This revenue is calculated by taking the total current Forbes wealth of all American billionaires and assuming they will die someday and have to pay the estate tax.
If there is no estate tax, they will avoid $1.5 trillion in taxes.
Who are these billionaires. Check the list Continue reading →
It’s as easy as: one, two, three!
The 2018 Donald Trump Federal Budget can be balanced, even when including nearly $54 billion in increased Defense Department spending, and not one federal department would require any cuts in spending.
These are the proposed $54 billion in department cuts that would not have to take effect under my 123 Plan:
Agriculture 2018 Budget
- Eliminates $500 million Water and Wastewater loan/grant program
- Eliminates $200 million McGovern-Dole International Food for Education program
- Cuts Women, Infants and Children nutrition assistance from $6.4 billion to $6.2 billion
- Unspecified staff reductions at USDA service center agencies
- Cuts $95 million from Rural Business and Cooperative Service
In 2015, AJ+ won a Webby Award for Online Film & Video, News & Information. AJ+ was also honored in the categories of Online Film & Video, News & Politics: Individual Episode (Ayotzinapa Student Killings Ignite Mexico and the Internet) plus awards for:
- Online Film & Video, Documentary: Series (AJ+ Short Docs)
- Mobile Sites & Apps, News (AJ+ Mobile App)
Sounds like a great operation. Launched September, 2014, it includes broadcasting on Facebook, YouTube, Twitter, Instagram and Medium, as well as native apps: Android, iOS, Apple Watch and Apple TV. Young people love its witty, delightful banter.
The bad news is that the snappy news is propaganda – straight from Al Jazeera, the network started by Qatar. Continue reading →
Complete Wikileaks “Vault 7” published here; how CIA is controlling your phone, tv, computer and car
The past week’s news cycle has included amateur analysis of how President Barack Obama’s administration might have wiretapped President Donald Trump’s personal calls and emails. Most pundits contend that all Mr. Trump has to do is call the Justice Department and they can reveal everything to him.
What a joke. The CIA does not fall under the Justice Department. Most reporters have no knowledge of of how government agencies can now track nearly every American’s current location, movement, conversations, emails – even the contents of their phones and computer hard drives – all remotely, undetectable with privacy for none – even at Trump Tower and the White House.
This became very clear today with the Wikileaks expose of CIA methods, abilities and pervasive control of the airwaves, internet, even your “smart” television. We will probably never know if the government bugged Mr. Trump, or if Mr. Trump is now bugging us.
The following release from Wikileaks is directed at journalists, particularly those planning news stories on CIA activities, as revealed in “Vault 7.” The entire remainder of this post is devoted to this release, and the contents do not necessarily reflect the opinions of this blogger. Use any of the many embedded links to gain more insight into the subject matter.
Today, Tuesday 7 March 2017, WikiLeaks begins its new series of leaks on the U.S. Central Intelligence Agency. Code-named “Vault 7” by WikiLeaks, it is the largest ever publication of confidential documents on the agency.
The first full part of the series, “Year Zero”, comprises 8,761 documents and files from an isolated, high-security network situated inside the CIA’s Center for Cyber Intelligence in Langley, Virginia. It follows an introductory disclosure last month of CIA targeting French political parties and candidates in the lead up to the 2012 presidential election.
Recently, the CIA lost control of the majority of its hacking arsenal including malware, viruses, trojans, weaponized “zero day” exploits, malware remote control systems and associated documentation. This extraordinary collection, which amounts to more than several hundred million lines of code, gives its possessor the entire hacking capacity of the CIA. The archive appears to have been circulated among former U.S. government hackers and contractors in an unauthorized manner, one of whom has provided WikiLeaks with portions of the archive. Continue reading →