Tag Archives: Deep State

Some seniors will pay a 296% tax increase under “Deep State” deal with media and politicians

Remember the promise of a tax cut primarily for the middle class?

For many Americans that will be a lie, and retired seniors will be hit the hardest, despite the attempted sleight of hand numbers game that “gives” you about double the standard deduction, but doesn’t mention the loss of personal exemptions.

Even worse, the so-called reform means that a couple that used to itemize deductions above $12,700 (under 65) and $15,200 (over 65) will now have to wait until the itemization exceeds $24,000.

The table below shows the current income tax formula for a senior couple with the average Social Security benefit, plus a part-time job, and an RMD. (At age 70 1/2 the government forces you to take out part of your IRA and pay income tax on it every year. If you have stocks or bonds, they must be sold to satisfy the IRS, even if they lost value.)

This average senior couple will pay $1,506 income tax under current law without itemization.

Some might wonder about that tax on Social Security Continue reading →

Deep State, bankers, corporations, and politicians combine to “Keep America Just Like It Is Now”

“Everyone is entitled to their opinion.”

National Security Council (NSC) Advisor Herb Ray McMaster apparently disagrees with that adage, and fired staffer Rich Higgins for spilling the beans on the Deep State of corporate cronies, intellectual phonies and political hacks.

Higgins served NSC’s strategic-planning office as director for strategic planning. He was fired on July 21.

The memo, written near the end of May, said the mindset within the White House is inadequate to the threat:

This is not politics as usual but rather political warfare at an unprecedented level that is openly engaged in the direct targeting of a seated president through manipulation of the news cycle. It must be recognized on its own terms so that immediate action can be taken.

Rich-Higgins

Rich Higgins

Earlier this year, Higgins had pushed to declassify documents dealing with radical Islam and Iran, including Presidential Study Directive 11, produced by the Obama administration before the Arab Spring, that outlined unrest throughout the Middle East, according to a report in The Atlantic.

McMaster also recently fired Derek Harvey, senior director for the NSC Middle East strategy. Before removal, Harvey produced a list of NSC holdovers from the Obama Administration and presented it to McMaster, who declined to fire them, the report said.

This past week, McMaster was touted by Sen. John McCain, many mass media pundits, Democrat Party leadership and the Council on American-Islamic Relations (CAIR). Continue reading →

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