California is trying to scheme to circumvent the Trump Tax Reform which limits deductions to $10,000 in state taxes from their federal returns. Of course, the California press portrays this as punishment for voting for Hillary. But they support higher taxes as long as they get to deduct them from the Feds, which has been […]
Credit Karma is reporting that of the first 250,000 tax filings, less than 100 people reported owning any cryptocurrency. Credit Karma is reporting that only 0.04% of cryptocurrency-traders are paying taxes to Uncle Sam. The dangerous aspect here is the IRS got over 20,000 names from the exchanges and they will match their accounts to tax […]
In a 1992 case, the Supreme Court refused to require that mail-order retailers collect sales taxes from buyers in other states. For a quarter-century, that has given the online retailers a competitive advantage over brick-and-mortar stores. The States are broke and they are pushing to compel everyone online to collect sales taxes for them. We are […]
Property values in Illinois are collapsing thanks to the State being over the edge with its fiscal mismanagement. The state employee pensions are bankrupting the state and are now destroying the value of property in the States as a whole. We previously warned back in 2015: “This is why it appears that real estate will […]
Politicians just do not get it. They have convinced themselves that they can tax whatever they desire and people have no choice but to pay. Missing in their analysis are two influences (1) people just stop earning income for it reaches a point it is not worth working anymore, and (2) you simply pick-up and […]
We have another insane police tactic designed to again strip us of our right and clothing. The police in Rotterdam can now stop and question you based on if you are wearing expensive clothing. You have to prove you bought it and had the money to do so that was legal (paid taxes on it) […]
COMMENT: Mr. Armstrong; I live in Germany. I wanted to send my father €200 for Christmas. I had to prove where the money came from. It does seem as if there is a major gap between those trading the euro for big banks and the people. I left Romania for freedom. Everything that I fled from […]
Believe it or not, the town of Westminster in Massachusetts arrests people for failing to renew a dog license. The municipality issued an arrest warrant for Brian Vincent for not renewing his dog license. The town officials do not deny using the criminal procedure to collect fees. They claim that all proper procedures were followed when handling the […]
The marriage of Prince Harry with Meghan Markle, an American, presents a real nightmare for the Royal Family. Meghan is required by law to not merely pay taxes on worldwide income, but if she receives money from her husband or his family, that will be income of gifts both of which will be taxable in […]
