Paradise Papers hang-out reveals income tax industry’s countermeasures

“The world’s biggest businesses, heads of state and global figures in politics, entertainment and sport who have sheltered their wealth in secretive tax havens are being revealed this week in a major new investigation into Britain’s offshore empires. The material, which has come from two offshore service providers and the company registries of 19 tax havens, was obtained by the German newspaper Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists with partners including the Guardian, the BBC and the New York Times.”

Continue Reading Paradise Papers hang-out reveals income tax industry’s countermeasures

GOP sneaks in automatic annual tax increase by introducing chained CPI

“Republican tax-writers have decided to shift the tax code’s inflation index from the Consumer Price Index, or CPI, to something known as chained CPI, which is a slower-growing method of calculating cost-of-living increases. Using the lower rate of inflation to calculate future tax rates means taxpayers will more quickly fall into higher tax brackets, meaning they will pay more in taxes than if Republicans stuck with the traditional measuring stick. It works out to taxpayers paying $128 billion more to Uncle Sam than they would otherwise over the next decade, and $500 billion more in the subsequent decade.”

Continue Reading GOP sneaks in automatic annual tax increase by introducing chained CPI

James Bovard: Facebook/Russia farce shows lawmaker deviousness, demagoguery

“Many Americans would cheer federal muzzling. Almost half of millennials supported restricting freedom of speech on social media, according to a recent survey. Congressional threats have probably already done long-term damage to corporate spines. It would be naive to expect Facebook, Twitter, or other social media companies to take heroic stands in favor of free speech. But it would be even more naive to expect anything good to result from permitting politicians to decimate freedom in the name of democracy.”

Continue Reading James Bovard: Facebook/Russia farce shows lawmaker deviousness, demagoguery

Judge Napolitano: A Warning on Empowering Government to Deny Rights

A warning from Judge Andrew Napolitano: if the government had the option to determine if a resident should be given their rights, “it would always take away constitutional rights because prosecution without constitutional rights is a breeze!” In a radio interview on The Tom Shillue Show, Napolitano explained why the suspect arrested after the Oct. 31…

Continue Reading Judge Napolitano: A Warning on Empowering Government to Deny Rights