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 →
This Facebook page (open link) and website was still online today, despite protests to the social site’s Community Standards officials.
Jewish-Born Mark Zuckerberg owns Facebook. Indeed, he is the richest Jewish-born person in the world. Note that I use the term “Jewish-born.” You might think he would support less hatred of Jews.
According to Shurat HaDin (The Israel Law Center), a non-profit legal organization dedicated to the protection of Israel,
“One of the significant characteristics of the current terror wave is the incitement on the social media networks, headed by Facebook…This incitement consists of the Facebook pages of many young Palestinians who inflame their friends to embark on terrorist attacks, provocative videos glorifying and encouraging terrorist attacks, instructions for terrorists “How to Carry out a Terrorist Attack” – all on Facebook.” Read more here.
Pro-Israel blogger Elder of Ziyon reported on Friday that a complaint he had lodged with Facebook about this Blood libel charge being an example of hate speech, was denied.
What does Facebook consider “hate speech”?
The answer is on the policy pages of Facebook, where Community Standards are explained, and the definition seems very clear to this blogger.
Here’s what Facebook says about its standards for posting on its site:
Facebook removes hate speech, which includes content that directly attacks people based on their:
- National origin,
- Religious affiliation,
- Sexual orientation,
- Sex, gender, or gender identity, or
- Serious disabilities or diseases.
Organizations and people dedicated to promoting hatred against these protected groups are not allowed a presence on Facebook. As with all of our standards, we rely on our community to report this content to us.
People can use Facebook to challenge ideas, institutions, and practices. Such discussion can promote debate and greater understanding. Sometimes people share content containing someone else’s hate speech for the purpose of raising awareness or educating others about that hate speech. When this is the case, we expect people to clearly indicate their purpose, which helps us better understand why they shared that content.
You might look at the picture on the site and the strange writing. It can be translated in small part by visitors, but a full translation of this blood libel attack is not provided.