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PRESIDENT of the UNITED STATES DONALD TRUMP: pathological
liar, swindler, con man, huckster, golfing cheat, charity foundation fraudster,
tax evader, adulterer, porn whore chaser and servant of the Saudis dictators
THE TRUMP FAMILY FOUNDATION SLUSH FUND…. Will they see
jail?
VISUALIZE REVOLUTION!.... We know where they live!
“Underwood is a
Democrat and is seeking millions of dollars in penalties. She wants Trump and
his eldest children barred from running other charities.”
ANN COULTER
TRUMP’S PARASITIC
FAMILY
Jared’s BFF, Saudi Crown Prince Mohammed bin Salman
(MBS), and the crown prince of Abu Dhabi, Muhammad bin Zayed (MBZ), refer to
Jared as “the clown prince.” Bone-cutter MBS assured those around him that he
had Jared “in my pocket.”
*
Following meetings at the White House
and also with the Kushners over their 666 Fifth Avenue property, former Qatari
Prime Minister Sheikh Hamad bin Jassim reported back to the emir that “the
people atop the new administration were heavily motivated by personal financial
interest.”
*
“Truthfully,
It Is Tough To Ignore Some Of The Gross Immoral Behavior By
The President” WASHINGTON
POST
Trump's sister
quits as a federal judge 10 days into formal probe of her possible role in
massive family tax scam that could have ended in her impeachment
·
Trump's older sister resigned as an
appellate court judge shortly after a probe opened into her involvement in
a family tax scheme
·
·
10 days ago an investigation into whether
Maryanne Trump Barry violated judicial conduct rules launched
·
·
The case was closed after Barry resigned
because retired judges are not subject to the rules
·
·
Barry had not heard a case in two years after
transitioning to inactive shortly after Trump's inauguration
·
·
The Trump siblings were probed after an
investigation found they were involved in a tax scheme related to the transfer
of their father's real estate empire
President Donald Trump’s older sister Maryanne Trump Barry, 82,
retired as a federal judge just days after an investigation opened into her
possible role in family tax fraud scheme.
Barry was a federal appellate judge in the
third district, which includes Pennsylvania, New Jersey and Delaware, and the
investigation could have led to her impeachment.
She had not presided over a case in more than
two years, but was still listed as an inactive senior judge in the third
district – usually the step taken before full retirement.
Barry did not give any reasons for her
retirement.
The probe into the Trumps was first opened
last fall, after a New York Times investigation found the Trump siblings
engaged in tax schemes in the 1990s, including fraud, that increased their
inherited wealth.
+4
Maryanne Trump Barry resigned as a federal
appellate judge 10 days into an investigation into whether she violated
judicial conduct rules
An investigation into the Trump siblings
opened after the New York Times reported that they transferred their father's
real estate assets improperly in the 1990s
The formal investigation into whether Barry
violated judicial conduct rules started ten days ago, but was closed after
Barry announced her retirement since retired judges are not subject to judicial
conduct rules.
These reviews could result in the censure or
reprimand of federal judges, but in some more extreme cases, the judge could be
referred to the House of Representatives for impeachment.
It appears Barry will receive somewhere
between $184,500 and $217,600 annually, the same salary she earned when she
last met certain workload requirements before changing her status to inactive.
The Times investigation into the Trump’s
alleged that Fred Trump transferred his real estate empire profits and
ownership to his four children, including the president, Barry, brother Robert
Trump, and their sister Elizabeth Trump Grau, in ways designed to dodge gift
and estate taxes.
+4
Barry, pictured above with sister Elizabeth
Trump Grau, was a senior inactive judge, which is the step taken usually before
full retirement, and had not heard a case in over two year.
Trump's lawyer Charles Hardner said that the
allegations made as a result of the Times' investigation is '100 per cent false'
and accused the newspaper of defamation
“The New York Times’s allegations of fraud
and tax evasion are 100 per cent false, and highly defamatory,” a lawyer for
Trump, Charles Hardner, said last October.
Barry was elevated to the United States Court
of Appeals for the Third Circuit by President Bill Clinton in 1999, and shortly
after Trump’s inauguration, in February 2017, she notified the court she would
stop hearing cases without citing a reason.
At this point she became a senior inactive
judge and gave up her staff and chambers.
Richest 400 Americans paid lower taxes than everyone else in 2018
According to an analysis by noted economists Emmanuel Saez and
Gabriel Zucman, previewed this week by New
York Times columnist David Leonhardt, the wealthiest American households
paid a lower tax rate last year than every other income group for the first
time in the country’s history.
Saez and Zucman, both professors at the University of California
Berkeley, detail the phenomenon of declining taxes for the richest Americans in
their soon-to-be released book, The
Triumph of Injustice .
The pair compiled a historical database composed of the tax
payments of households in various income percentiles spanning all the way back
to 1913, when the federal income tax was first implemented. Their research
uncovered that in the 2018 fiscal year the wealthiest 400 Americans paid a
lower tax rate—accounting for federal, state, and local taxes—than anyone else.
The overall tax rate paid by the richest .01 percent was only 23
percent last year, while the bottom half of the population paid 24.2 percent.
This contrasts starkly with the overall tax rates on the wealthy of 70 percent
in 1950 and 47 percent in 1980.
The taxes on the wealthy have been in precipitous decline since
the latter half of the 20th century as successive presidential administrations
enacted tax cuts for the rich, suggesting that they would result in economic
prosperity for all. Taxes that mostly affect the wealthy, such as the estate
tax and corporate tax, have been drastically cut and lawyers have been hard at
work on the beliefs of their wealthy patrons planning out the best schemes for
tax avoidance, seeking to drive tax rates as close to zero as possible. The
impetus for the historical tipping point was the Trump Administration’s 2017
tax reform, which was a windfall for the super-rich.
Supported by both the Republican and Democratic Parties, the two
parties of Wall Street, Trump’s tax cuts were specifically designed to transfer
massive amounts of wealth from the working class to the ruling elite.
The corporate tax rate was permanently slashed from 35 percent
to 21 percent, potentially increasing corporate revenues by more than $6
trillion in the next decade. The bill also reduced the individual federal
income tax rate for the wealthy and included a number of other provisions to
further ease their tax burden.
The story is different for many middle- and working-class
Americans. According to multiple analyses of the 2017 tax reform, 83 percent of
the tax benefits will go to the top 1 percent by 2027, while 53 percent of the
population, or those making less than $75,000 annually, will pay higher taxes.
At the same time, the reform will sharply increase budget deficits and the
national debt, granting the pretense for the further destruction of domestic
social programs.
Furthermore, a majority of Americans are paying higher payroll
taxes, which cover Medicare and Social Security. The tax increased from 2
percent just after World War II, to 6 percent in 1960, to 15.3 percent in 1990,
where it stands today. It has risen to become the largest tax that 62 percent
of American households pay.
The result of the multitude of changes to the US tax system over
the last three-quarters of a century is one that has become less progressive over
time. The 2017 tax reform effectively set up the foundation for a regressive
tax policy where the wealthy pay lower tax rates than the poor.
The implementation of a regressive tax structure has played a
major role in engineering the redistribution of wealth from the bottom to the
top that has brought social inequality in America to its highest level since
the 1920s.
According to Leonhardt’s preliminary Times review of The Triumph of Injustice,
Saez and Zucman offer a solution to the current unjust tax system in which the
overall tax rate on the top 1 percent of income earners would rise to 60
percent. The pair claim that the tax increase would bring in approximately $750
billion in taxes. Their tax code also includes a wealth tax and a minimum
global corporate tax of 25 percent, requiring corporations to pay taxes on
profits made in the United States, even if their headquarters are overseas.
In an interview with Leonhardt, Zucman states that history shows
that the US has raised tax rates on the wealthy before so therefore it should
be possible to do so now.
However, the last half century of counterrevolution waged
against the working class makes the parasitic nature of the ruling elite
absolutely clear, and underscores the well-known fact that the US is ruled by
an oligarchy that controls the political system. Neither the Democrats nor the Republicans, who both represent
this oligarchy and bear responsibility for the tax system, will make any effort
to implement Saez and Zucman’s modest proposal.
California
became a Democratic stronghold not because Californians became
socialists, but because millions of socialists
moved there. Immigration turned California blue,
and immigration
is ultimately to blame for California's high poverty level.
Economists: America’s Elite Pay Lower Tax Rate Than All Other Americans
Getty Images
8
Oct 201918
2:46
The wealthiest Americans are paying a lower tax rate than
all other Americans, groundbreaking analysis from a pair of economists reveals.
For the
first time on record, the wealthiest 400 Americans in 2018 paid a lower tax
rate than all of the income groups in the United States, research highlighted by the New York Times from
University of California, Berkeley, economists Emmanuel Saez and Gabriel
Zucman finds.
The
analysis concludes that the country’s top economic elite are paying lower
federal, state, and local tax rates than the nation’s working and middle class.
Overall, these top 400 wealthy Americans paid just a 23 percent tax rate, which
the Times‘ op-ed columnist David Leonhardt notes is a
combined tax payment of “less than one-quarter of their total income.”
This 23
percent tax rate for the rich means their rate has been slashed by 47
percentage points since 1950 when their tax rate was 70 percent.
(Screenshot
via the New York Times)
The
analysis finds that the 23 percent tax rate for the wealthiest Americans is
less than every other income group in the U.S. — including those earning
working and middle-class incomes, as a Times graphic shows.
Leonhardt
writes:
For
middle-class and poor families, the picture is different. Federal
income taxes have also declined modestly for these families, but they haven’t
benefited much if at all from the decline in the corporate tax or estate tax. And
they now pay more in payroll taxes (which finance Medicare and Social
Security) than in the past. Over all, their taxes have remained fairly flat.
[Emphasis added]
The
report comes as Americans increasingly see a growing divide between the rich
and working class, as the Pew Research Center has found.
Sen. Josh
Hawley (R-MO), the leading economic nationalist in the Senate, has warned
against the Left-Right coalition’s consensus on open trade, open markets, and
open borders, a plan that he has called an economy that works solely for the
elite.
“The same
consensus says that we need to pursue and embrace economic globalization and
economic integration at all costs — open markets, open borders, open trade,
open everything no matter whether it’s actually good for American national
security or for American workers or for American families or for American
principles … this is the elite consensus that has governed our politics
for too long and what it has produced is a politics of elite ambition,”
Hawley said in an August speech in the
Senate.
That
increasing worry of rapid income inequality is only further justified by economic
research showing a rise in servant-class jobs,
strong economic recovery for elite zip codes but not for working-class
regions, and skyrocketing wage growth for the billionaire class at 15 times
the rate of other Americans.
John
Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.
Census Says U.S.
Income Inequality Grew ‘Significantly’ in 2018
(Bloomberg) -- Income
inequality in America widened “significantly” last year, according to a U.S.
Census Bureau report published Thursday.
A measure of inequality
known as the Gini index rose to 0.485 from 0.482 in 2017, according to the
bureau’s survey of household finances. The measure compares incomes at the top
and bottom of the distribution, and a score of 0 is perfect equality.
The 2018 reading is the
first to incorporate
the impact of President Donald Trump’s end-
2017 tax bill, which was reckoned by many
economists to be skewed in favor of the
wealthy.
But the distribution of
income and wealth in the U.S. has been worsening for decades, making America
the most unequal country in the developed world. The trend, which has persisted
through recessions and recoveries, and under administrations of both parties,
has put inequality at the center of U.S. politics.
Leading candidates for
the 2020 Democratic presidential nomination, including senators Elizabeth
Warren and Bernie Sanders, are promising to rectify the tilt toward the rich
with measures such as taxes on wealth or financial transactions.
Just five states --
California, Connecticut, Florida, Louisiana and New York, plus the District of
Columbia and Puerto Rico -- had Gini indexes higher than the national level,
while the reading was lower in 36 states.
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