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Need to Impeach Ad #2

The second ad by Tom Steyer is out…and it is a doozy! It goes directly at the Republican “tax overhaul”, which  is really tax giveaway which will massively increase our national debt.

 

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US Collects Taxes on Those Olympic Gold Medals

Go to the Olympics representing the United States and win a Gold, Silver, or Bronze?

Well…There’s a tax for that.

For US Olympians, gold medals come with a hefty tax bill

She has flipped, tumbled and leapt her way into the hearts of millions over the course of the Olympic games. But when Simone Biles returns home she will be in for not just a major celebration but also a hefty tax bill.

The 19-year-old has won five Olympic medals – four gold and one bronze. She has cemented her title as the world’s best gymnast by taking home the gold in the all-around after three successive world championship titles – a feat only accomplished by three others in history.

But all that winning will cost her. On 21 August, Biles could be slapped with a tax bill close to $43,560 (£33,479)

That estimate is based on the $2m that she has accumulated in endorsement deals and assuming she is charged in the highest income tax bracket in the US – 39.6%.

Biles is not alone, her fellow US medallists will be slapped with tax bills for their victories as well.

American Olympians are subject to a so-called “victory tax” – a tax on both the money they receive from the Olympic committee for winning and on the value of the Olympic medal.

What are they taxed on?

US athletes who win a medal at the Rio games will take home the hardware and a cash bonus from the US Olympic Committee.

Gold medallists will receive $25,000, silver medallists get $15,000, and bronze winners earn $10,000.

Those winnings are taxed as income, the same way Americans are taxed on other prize money, like lottery winnings. Most countries exempt their athletes from these taxes.

But there’s more, the medals are also given a value and taxed. The value is based on the value of the materials the medals are made of.

Gold medals – which are mostly made of silver with a gold plating – are worth roughly $600 based on current commodity prices, silver medals are worth close to $300, bronze medals – which consist mostly of copper – have barely any monetary value, approximately $4.

How much is the tax?

Assuming the athlete was already a high-income earner, paying the top bracket of US taxes, they would be paying 39.6% on the combined value of the medal and cash payout.

Americans for Tax Reform calculated the bills to be: for a gold medallist $9,900, for silver $5,940, and for bronze $3,960.

That’s also assuming the athlete only won one medal.

 
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Posted by on August 18, 2016 in Giant Negros, Great American Rip-Off

 

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Taxing Guns and Ammo…A “Gun Control” Strategy That Won’t Work

Making it more expensive to own or shoot a gun isn’t going to have any impact at all on folks who use guns to murder other folks. Cute idea by the Seattle City Council…

But utterly ineffectual from a prevention standpoint.

Right now, there is an ammunition “shortage”, with some of the most popular calibers such as the 22 round used by almost everyone for target shooting of paper targets or metal plates either being unavailable, or off the shelves entirely. As is usual in America in artificially induced “shortage” situations prices of a box of ammo have doubled and tripled. So hunters and target shooters are already paying 3 times what they were just a few years ago for ammo…And they are still clearing the shelves. One of my favorite “Varmint Elimination” rounds for down at the farm in the country has gone from an average of $8.00 a box of 50, to $18-20. Even the trusty 22 cal, I use for the occasional over aggressive Rat Tail Black Snake trying to set up residence in the house or barn has shot through the roof.

So how is paying $1.00 a round for 9mm ammunition going to prevent gangbangers and homegrown terrorists from buying bullets? The only thing this is setting up is a black market in selling “broken” boxes where some enterprising black market entrepreneur will start selling bullets by the half dozen for a 25% profit over the case price. Further, the profits from illegal drugs are so high…A small rise in prices can be absorbed by “the cost of doing business”.

I mean, admittedly there aren’t many legitimate uses for a gun in a major city – but people who want to buy (and use) guns and ammo will just drive outside the city limits to buy. My own state, Virginia gained a reputation a few years ago for being the principal supplier to guns for crime sin New York City. Admittedly the lax gun law of the time, which allowed anyone to buy 50 or 100 guns at a time didn’t help.

The only way to solve the “gun problem” in America – is some sensible restrictions aimed directly at the “loose” interpretation of the Second Amendment, and the NRA.

Want Fewer Murders? Tax Guns and Ammo

With a new national push to combat gun violence, the city of Seattle has begun to tax firearms and ammunition in an audaciously creative way to get around Second Amendment protections on guns. The tax has passed its first court test, signaling an approach that other municipalities could adopt, with a $25 tax on every firearm sold in the city, two cents on every round of .22 caliber ammunition, and a 5-cent tax for every other round of ammunition.

The tax went into effect on January 1st after surviving a challenge from the NRA and other gun rights groups when King County Superior Court Judge Palmer Rubinson ruled in December that the city of Seattle has the “constitutional and legislative authority to impose taxes” – which, as she noted, is separate from the city’s ability to regulate guns.

City attorney Pete Holmes was initially surprised the NRA didn’t ask for a stay in the Judge’s ruling when filing its appeal Monday in state court.  If the NRA sought constitutional relief, they would have appealed in federal court. But, from a legal standpoint, this isn’t about the constitution. “Everybody assumes this is about the Second Amendment, but it’s not, and that’s the story,” Holmes told the Daily Beast in a telephone interview.

“No one is telling you that you can’t own or buy a gun,” says Holmes.  “We believe we are in a safe haven. We’re not regulating guns; we’re simply adding a tax.”

In Seattle, satisfying the Second Amendment is easier for gun safety advocates than clearing “State Preemption,” a legislative barrier that the National Rifle Association employs to block gun safety regulation in some three-dozen states, including Washington.  It’s a short statute the gun rights lobby writes and then muscles through state legislatures, says no other body, such as the municipal authorities in cities like Seattle, can regulate firearms. The NRA’s Institute of Legal Action (ILA) churns out the statutes and lawmakers in state after state are happy to oblige.

And with so many state legislatures wholly owned subsidiaries of the NRA, it’s an effective maneuver. Holmes says it was the undoing of an executive order issued two Seattle mayors ago banning firearms in city playgrounds and parks. The Court overturned the ban not under the Second Amendment but under State Preemption.

So it is a big deal in Seattle that this modest tax is in place, and that the money it generates will go toward compiling data about gun violence and putting targeted intervention programs in place.  After the 2012 Sandy Hook massacre of first-graders, Seattle funded a study that found people with gun shot wounds treated at Harbor View Hospital, the regional trauma center, are 30 percent more likely to return with another gunshot, or as a homicide victim.

The study was the first of its kind done by a city, and researchers found parallels with alcohol-related injuries in the early 1990’s. Spending 20-30 minutes with patients injured in such incidents before releasing them to talk about risk and their chances of being readmitted paid off in lower re-admittance rates….Read the rest here

 

 
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Posted by on January 7, 2016 in Domestic terrorism, Stupid Democrat Tricks

 

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Grand Theft Government – The DC Govrnment Steals Poor Resident’s Property With Tax Scam

Anyone familiar with the DC Government, and who drives into the city is likely familiar with their Parking Gestapo, who write tickets and tow away cars to the tune of millions of dollars a month.

A new line of theft has recently opened up for the DC Government Mafia,  the theft of homes from the poor and elderly stealing hundreds of thousands of dollars of equity, often for tax bills as little as $200. Often the people who are ultimately robbed of their property are sick and old, and in a number of cases the property owners have been in the hospital dying while most of their paltry savings in the value of their homes is ripped off.

And here you thought the only criminals in the city were Gangbangers and carjackers. They should have it so good.

Unscrupulous law firms facilitate the theft, as does a dirty courts system – through charging sky high rates, rapidly pushing up the bills owed by the property owners beyond reach.This is a criminal enterprise, no different than the Tammany Hall of yore, which dispossessed Irish immigrants to make way for developers in the notorious 5 Points section of New York City.

The Federal Government is complicit. To be honest, if they really gave a damn about anything except the press for catching a city Mayor smoking crack with his mistress – they would have put a stop to this.

 

On an overcast morning earlier this year, Bennie Coleman walked past his old house on the way to the corner store. But he said he could not look at it — the memories were too painful. Bennie, who suffers from dementia, had his $200,000 property foreclosed for a $134.00 tax lien, and the company which foreclosed kept the difference under DC Law.

 

LIENS, LOSS AND PROFITEERS

On the day Bennie Coleman lost his house, the day armed U.S. marshals came to his door and ordered him off the property, he slumped in a folding chair across the street and watched the vestiges of his 76 years hauled to the curb.

Movers carted out his easy chair, his clothes, his television. Next came the things that were closest to his heart: his Marine Corps medals and photographs of his dead wife, Martha. The duplex in Northeast Washington that Coleman bought with cash two decades earlier was emptied and shuttered. By sundown, he had nowhere to go.

All because he didn’t pay a $134 property tax bill.

The retired Marine sergeant lost his house on that summer day two years ago through a tax lien sale — an obscure program run by D.C. government that enlists private investors to help the city recover unpaid taxes.

For decades, the District placed liens on properties when homeowners failed to pay their bills, then sold those liens at public auctions to mom-and-pop investors who drew a profit by charging owners interest on top of the tax debt until the money was repaid.

But under the watch of local leaders, the program has morphed into a predatory system of debt collection for well-financed, out-of-town companies that turned $500 delinquencies into $5,000 debts — then foreclosed on homes when families couldn’t pay, a Washington Post investigation found.

As the housing market soared, the investors scooped up liens in every corner of the city, then started charging homeowners thousands in legal fees and other costs that far exceeded their original tax bills, with rates for attorneys reaching $450 an hour.

Families have been forced to borrow or strike payment plans to save their homes.

Others weren’t as lucky. Tax lien purchasers have foreclosed on nearly 200 houses since 2005 and are now pressing to take 1,200 more, many owned free and clear by families for generations.

Investors also took storefronts, parking lots and vacant land — about 500 properties in all, or an average of one a week. In dozens of cases, the liens were less than $500.

Thomas McRae ran a flower shop on the first floor in this house on Sherman Avenue NW. But a tax lien investor from Florida foreclosed while McRae was under hospice care.

Coleman, struggling with dementia, was among those who lost a home. His debt had snowballed to $4,999 — 37 times the original tax bill. Not only did he lose his $197,000 house, but he also was stripped of the equity because tax lien purchasers are entitled to everything, trumping even mortgage companies.

“This is destroying lives,” said Christopher Leinberger, a distinguished scholar and research professor of urban real estate at George Washington University.

Officials at the D.C. Office of Tax and Revenue said that without tax sales, property owners wouldn’t feel compelled to pay their bills.

“The tax sale is the last resort. It’s also the first resort — it’s the only way in the statute to collect debt,” said deputy chief financial officer Stephen Cordi.

But the District, a hotbed for the tax lien industry, has done little to shield its most vulnerable homeowners from unscrupulous operators.

Foreclosures have upended families in some of the city’s most distressed neighborhoods. Houses were taken from a housekeeper, a department store clerk, a seamstress and even the estates of dead people. The hardest hit: elderly homeowners, who were often sick or dying when tax lien purchasers seized their houses.

One 65-year-old flower shop owner lost his Northwest Washington home of 40 years after a company from Florida paid his back taxes — $1,025 — and then took the house through foreclosure while he was in hospice, dying of cancer. A 95-year-old church choir leader lost her family home to a Maryland investor over a tax debt of $44.79 while she was struggling with Alzheimer’s in a nursing home.

Other cities and states took steps to curb abuses, such as capping the fees, safeguarding houses owned by the elderly or scrapping tax sales altogether and instead collecting the money themselves.

“Where is the justice? They’re taking people’s lives,” said Beverly Smalls, whose elderly aunt lost her home in Northeast Washington. “It’s just not right.”

In a 10-month investigation, The Post chronicled years of breakdowns and abuses in a program that puts at risk one of the most fundamental possessions in American life.

  • Of the nearly 200 homeowners who lost their properties in recent years, one in three had liens of less than $1,000.

  • More than half of the foreclosures were in the city’s two poorest wards, 7 and 8, where dozens of owners were forced to leave their homes just months before purchasers sold them. One foreclosed on a brick house near the Maryland border with a $287 lien and sold it less than eight weeks later for $129,000.

  • More than 40 houses were taken by companies whose representatives were caught breaking laws in other states to win liens.

  • Instead of stepping in, the D.C. tax office created more problems by selling nearly 1,900 liens by mistake in the past six years — even after owners paid their taxes — forcing unsuspecting families into legal battles that have lasted for years. One 64-year-old woman spent two years fighting to save her home in Northwest after the tax office erroneously charged her $8.61 in interest. (more)

 
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Posted by on September 8, 2013 in American Greed, Domestic terrorism

 

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O’ Christmas Tree…Oh Christmas Tax!

Now they want to add a tax to live Christmas Trees? I don’t know – the Dept of Agriculture hasn’t ever paid the black farmers – now they want to hit up the public at the corner tree lot…

A fee on thee, oh Christmas tree

The U.S. Agriculture Department, after debates that pitted one U.S. region against another, approved a new industry-funded Christmas tree promotion plan.

The 15-cent per-tree fee on growers will help fund the industry’s ad campaign promoting the merits of real Christmas trees over artificial ones, the Chicago Tribune reported Wednesday.

Growers estimate the fee will raise $2 million.

“As demographics and buying habits have changed, we have watched the market for real trees shrink drastically, requiring us to spend much more time and money on promotion,” said Don Cameron, past president of the California Christmas Tree Association.

Similar to programs that promote milk, beef and cotton, the Christmas tree program imposes a fee of 15 cents per tree on U.S. domestic producers and importers. A panel directs the money into ads, other promotions and research.

“We have good reason to believe it will be successful for our industry,” Betty Malone, an Oregon tree farmer and Christmas Tree Promotion Now president, told the Tribune. “We looked at what other industries have done, and how successful they’ve been.”

After three years, growers and importers will vote on whether to continue the program.

 
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Posted by on November 9, 2011 in Great American Rip-Off

 

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