tax

“I’ve been rich and I’ve been poor. Believe me, rich is better.” This famous quote has always been true, but never as true as today. After decades of dominance by the right, here’s the 2019 version:
“I’ve been rich and I’ve been poor. Believe me, rich is insanely better.”

Looking beyond classical economic models, Vince Taylor sees vast, private fortunes that belong mostly to society at large. By Vince Taylor Znet Hundreds of commentators have warned that extreme concentration of wealth threatens democracy and social stability. Not a day…Read more →

We have been here many times before. However, on this occasion even the principal actors understand that the Palestinian Authority is not crying wolf as it warns of imminent collapse.
The crisis is entirely of Israel and Washington’s making. Keen to pander to hawkish public opinion in the run-up to last month’s election, Israel’s Prime Minister Benjamin Netanyahu struck a severe blow against Mahmoud Abbas and his government-in-permanent-waiting.

Paul Manafort has been convicted and sentenced to four years in prison for what the judge calls “white collar crimes” unrelated to “Russian collusion.” The mainstream press is in a state of shock. Surely, the morning cable anchors protest, he should have gotten 20 years!

Alexandria Ocasio-Cortez' mother, Blanca, left the liberal state of New York because she could not afford the high property tax while her daughter is pushing to massively raise taxes to implement her Green New Deal that would cost tens of trillions of dollars and would break the country.

Earlier this month, Dutch historian Rutger Bregman, author of Utopia For Realists, was interviewed by the high-profile Fox News presenter Tucker Carlson. During a panel discussion at the World Economic Forum in Davos in January, Bregman had bluntly told billionaires that they should stop avoiding taxes and pay their fair share:
“We gotta be talking about taxes. That’s it. Taxes, taxes, taxes. All the rest is bullshit, in my opinion.”

Israel’s decision to withhold part of the taxes it collects on behalf of the Palestinian Authority and plunge it deeper into crisis starkly illustrates the hypocrisies and deceptions at the core of the two governments’ relationship.
Under the terms of what are now the quarter century-old Oslo accords, Israel is responsible for collecting about $200 million each month in taxes, which it is supposed to pass on to the PA, the Palestinian government-in-waiting in the West Bank.

Billionaires back socialist politicians who are calling for higher taxes on members of the ultra-wealthy class because they understand they will never have to pay those taxes as the top federal income tax rate stops at $500.000, making it easier for millionaires and billionaires to avoid paying full freight.

A recent poll found that 59% of registered voters in America agree with Alexandria Ocasio-Cortez' plan to increase taxes as income rises to as much as 70%. Many voters apparently believe that wealth inequality is inherently evil and should be prevented by taxes.

The judge ruled that the law’s individual mandate, which requires Americans to buy insurance or pay a penalty, violates the Constitution. Furthermore, because the mandate is “essential” to the rest of the process, all of Obamacare is invalid.