SFT'lous GOLD
kangz
tyvm
Ball_CALLED…End_Transmission >
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Another Twist of the Knife: Introducing a New Death Tax
The devil is in the details, and while, when it comes to the Biden tax plan, Old Nick is not just lurking in the small print, one particular technical-sounding change proposed by the president is rightly attracting some attention: that is the plan to scrap the long-standing principle that if someone inherits an asset, his or her basis cost in that asset for capital-gains-tax purposes is not the price that the deceased may have paid for it (or its value when it came into the deceased’s ownership) but its market value at the time of the deceased’s death, a “break” that can be justified on grounds of basic fairness. That’s the case for various reasons, but one of the most obvious is that estate tax may well, in the case of the wealthiest, also be payable on what is left after the capital-gains tax has been paid.
Under the administration’s proposed new rule, the death of the owner of an asset would, for capital-gains purposes, be treated as the sale of that asset, meaning that the deceased’s unrealized capital gains would be taxable (less a $1 million per-person exemption).
The Tax Foundation gives an example of how this could work here:
In addition to taxing unrealized capital gains at death at ordinary income tax rates, large estates would also be subject to the current estate tax of 40 percent above an exemption of $11.7 million per person.
Click on the link to see a table that sets out what happens next, but for those already so demotivated by the prospect of tax rises to come to bother, here is what it shows:
For an asset worth $100 million (all of which is a capital gain for the sake of simplicity), the two changes would mean an immediate capital gains tax liability of $42.9 million at the time of death. Upon paying the capital gains tax at death, the value of the $100 million asset falls to $57 million for the purposes of the estate tax. After subtracting the $11.7 million exemption, the 40 percent estate tax rate is levied on the remaining $45.3 million in assets to produce an estate tax bill of about $18.1 million.
That gives a combined tax rate of 61.1 percent. And this is before any account is taken of state taxes.
The Tax Foundation:
By historical standards, Biden’s plan to tax unrealized gains at death and levy the estate tax at the same time is quite unique. Traditionally, estate tax law has allowed for a “step-up” in the basis of transferred assets so that they were not hit by the capital gains tax and the estate tax at the same time. Combining both taxes results in a total tax liability of $61.1 million on the original $100 million asset, for an effective tax rate of 61 percent. The tax rate under Biden’s proposal is nearly twice the effective tax rate that the same asset would face today under existing tax rules.
When the estate tax was repealed for one year in 2010, the step-up was also repealed, which meant that heirs did face tax liability on any gains when they sold inherited assets.
However, the impact of the step-up’s repeal was mitigated somewhat for smaller estates by a provision that exempted “$1.3 million of an estate’s increased value from the capital gains tax and $3 million for transfers to a spouse.” Even though some heirs did pay higher capital gains taxes on the assets they inherited in 2010, Congress has historically understood that it was bad policy to levy a capital gains tax and estate tax on the same assets.
more
https://www.yahoo.com/news/another-twist-knife-introducing-death-142922364.html
Techno Fog Retweeted
Lee Smith @LeeSmithDC
Biden administration targeting Rudy Giuliani is retaliation for uncovering first family corruption — and a continuation of Crossfire Hurricane. Me in @EpochTimes
The Real Reasons Behind the Rudy Giuliani Raid
Commentary Expectations that the FBI was investigating possible crimes documented on Hunter Biden’s laptop were laid to rest …
https://www.theepochtimes.com/the-real-reasons-behind-the-rudy-giuliani-raid_3797744.html
https://twitter.com/LeeSmithDC/status/1388344316238643203
ICYMI
The Auditors in AZ already know
-
how the cheat occurred
-
what evidence to collect
-
where the evidence is in the machines
-
where the evidence is on the ballots
It was over before it started. We have it all.
Anons - let's put MAX PRESSURE on the Cabal. EYES ON AZ
DR JUDY MIKOVITS, PHD USA " TRUTH OVER FEAR " SUMMIT. 30/04/2021
https://www.bitchute.com/video/o8qFlvb8G04H/
30/04/2021
Dr Judy Mikovits, PhD USA " Truth over fear " Summit.
Talks about Coronavirus at the " Truth over fear " Summit.
Truth Over Fear: COVID-19 and the Great Reset.
Friday, Apr. 30 and extend through the weekend.- a three-day online gathering of 40+ frontline doctors, scientists, attorneys, researchers, and journalists, who will share invaluable and eye-opening insights into the truth behind the headlines, Covid-19, the rushed vaccine, and the Great Reset.
https://www.youtube.com/watch?v=CrFOQ-8qIi4
===
Original Article of summit to counter the pope and fauci show,
COUNTER POPE CONFERENCE BY ARCHBISHOP CARLO MARIA VIGANO TO THE VATICAN JESUIT GLOBALISTS-TRUTH SPEAKERS ON COVID AND AGENDA !!!
==
Conservative Catholics are readying for their Truth Over Fear Summit that will begin on Friday, Apr. 30 and extend through the weekend.
The event is described as “a three-day online gathering of 40+ frontline doctors, scientists, attorneys, researchers, and journalists, who will share invaluable and eye-opening insights into the truth behind the headlines, Covid-19, the rushed vaccine, and the Great Reset.”
“Big Tech does not want you to hear this information and is working hard to censor us. Most of our presenters have been silenced. In fact, the same day we published this summit, YouTube terminated our account and we are now shadow banned everywhere,” the event organizers wrote. “You, and only YOU, have the right to make INFORMED decisions for yourself and your loved ones.”
Archbishop Carlo Maria Viganò will be delivering the keynote address for the event. He will be joined by vaccine skeptic Robert F. Kennedy Jr., documentarian Dr. Judy Mikovits, PhD, United Nations whistleblower Rosa Koire, author G. Edward Griffin, journalist Alex Newman, and many other speakers.
https://bigleaguepolitics.com/conservative-catholics-prepare-truth-over-fear-summit-in-response-to-pope-francis-globalist-conflab/
How do I fight against this shit?
Heather Cox Richardson
April 30, 2021 (Friday)
In a hearing today before a subcommittee of the House Armed Services Committee charged with investigating technology and information warfare, cyber policy and national security expert Dr. Herb Lin of the Hoover Institution told lawmakers that in the modern era we are not formally at war, but we are not at peace either:
“Information warfare threat to the United States is different from past threats, and it has the potential to destroy reason and reality as a basis for societal discourse, replacing them with rage and fantasy. Perpetual civil war, political extremism, waged in the information sphere and egged on by our adversaries is every bit as much of an existential threat to American civilization and democracy as any military threat imaginable.”
His warning comes two days after the power of warfare waged with disinformation once again became a top story in the U.S. On Wednesday, federal officials executed a search warrant on the home and office of Trump’s former lawyer Rudy Giuliani. To conduct such a search, investigators had to convince a judge that they had good reason to think a crime had been committed.
Investigators appear to be focusing on Giuliani’s successful attempt to get the American ambassador to Ukraine, Marie Yovanovitch, recalled on April 24, 2019. Yovanovitch was one of our very top diplomats. She stood firmly against corruption in Ukraine, earning the fury of oligarchs connected to Russia, especially Ukraine president Petro Poroshenko; the country’s prosecutor general, Yuriy Lutsenko; and the country’s former prosecutor general, Viktor Shokin, who was fired for corruption. They wanted her gone.
https://www.facebook.com/heathercoxrichardson
part 2
On the surface, the case is about whether or not Giuliani was working for Ukrainian oligarchs as well as Trump when he undermined Yovanovitch. But it is really a story about disinformation. Giuliani wanted Yovanovitch out of the way because she refused to enable his attempt to manufacture dirt on the son of then-candidate Joe Biden, an effort designed to make it possible for Trump to win reelection.
A quick recap of the Yovanovitch part of the story: In late 2018, Ukraine-born American businessman Lev Parnas introduced Giuliani to Shokin, who was willing to say that he was fired because he was looking into Burisma, a company on whose board Hunter Biden sat (this was false). In December, Parnas and his partner Igor Fruman attended the annual White House Hanukkah party. Parnas later told people they had a private meeting with Trump and Giuliani, who gave them “a secret mission” to pressure the Ukrainian government to announce an investigation into the Bidens.
In January 2019, Giuliani tried to get a visa for Shokin to come to the U.S., but Yovanovitch denied it. So Giuliani, Parnas, and Fruman interviewed Shokin and Lutsenko where they were.
For the next three months, Lutsenko and Giuliani sparred over the announcement of an investigation into the Bidens, apparently in exchange for the removal of Yovanovitch. Meanwhile, in the U.S., journalist John Solomon, who was in contact with Lutsenko, wrote articles for The Hill attacking both the Bidens and Yovanovitch, and claiming that it was Ukraine, not Russia, that interfered in the 2016 election.
And then on April 21, Porosheko lost a presidential election to Volodymyr Zelensky.
On April 23, Giuliani announced on Twitter that Ukraine was investigating Hillary Clinton’s campaign and the DNC for conspiring with “Ukrainians and others to affect 2016 election.” And the next day, Yovanovitch was recalled.
The rest is history (sorry!): in the infamous phone call of July 25, 2019, Trump asked Zelensky to announce an investigation into the Bidens before the U.S. would release congressional appropriations to enable Ukraine to fight Russian incursions, a whistleblower complained, the Department of Justice tried to hide the complaint, and the Trump presidency began to unravel.
As the Ukraine scandal worked its way toward the president’s impeachment, Giuliani did not let up on his insistence that Ukraine, not Russia, had tried to undermine the 2016 election, and he continued to push that lie. By late 2019, the FBI warned Giuliani that Russian intelligence was targeting him to circulate lies about Biden. (It also warned One America News.) According to former FBI Special Agent and lawyer Asha Rangappa, officials likely did so both as a warning and to see if he would break away from the disinformation. He did not.
What is at stake in the recent story of the federal investigation of Giuliani is the role of disinformation in our politics. Crucially, Giuliani and Trump did not want an actual investigation of the Bidens: they just wanted an announcement of an investigation. An announcement would be enough for the media to pick up the story, and the fact it was made up out of whole cloth wouldn’t matter. People would believe there was something fishy with the man whom Trump feared (rightly, as it turned out) as his chief rival for the presidency, and his candidacy would be hobbled.
It doesn’t matter, Dr. Lin pointed out to the subcommittee today, whether foreign actors are working in concert or in parallel with American actors when they spread disinformation: the destabilizing effect is the same.
@USArmy
#USArmy researchers are answering tough questions with a new study which uses an adaptive exoskeleton boot that operates in synchrony with the #Soldier for optimal performance.
Learn more https://go.usa.gov/xHPJU
#ArmyFutures | #ArmyTech
https://twitter.com/USArmy/status/1388524036964110343
Washington DC Is Paying $1.6 Million In Settlements To Rioters At Trump’s Inauguration
The double standard of justice continues.
Washington D.C. is going to pay $1.6 million in settlements to those who were arrested for rioting at Trump’s inauguration.
According to lawsuits filed protesters were arrested without cause and excessive force was used.
ABC reported:
The city of Washington has reached a $1.6 million settlement in two lawsuits that included allegations of arrests without cause and excessive force on protestors during the inauguration of former President Donald Trump in January 2017.
The two lawsuits were brought by the American Civil Liberties Union of the District of Columbia and attorney Jefferey Light, on behalf of protesters.
The ACLU said in a statement about the settlement Monday that the lawsuit alleged that then-Police Chief Peter Newsham and more than 20 officers “engaged in or supervised constitutional violations including mass arrests of demonstrators without probable cause, unlawful conditions of confinement for detainees, and/or use of excessive force.”
The ACLU said that even though just a few protesters caused damage and engaged in violence, police rounded up more than 200 protestors and “detained them without access to food, water, or restrooms for up to 16 hours.”
Trump supporters who were at the capitol on January 6th are not getting the same treatment.
While they do nothing about the crimes committed by the deep state and radical left they are targeting every Trump supporter.
The FBI is now focusing in on a Grandmother who just walked through the U.S. Capitol!
https://www.thegatewaypundit.com/2021/05/crazy-washington-dc-paying-1-6-million-settlements-rioters-trumps-inauguration/
AZ Audit Director Ken Bennett: Press Are Taking Photos of License Plates, Faces, Name Badges in Arena Parking Lot – Audit Workers Afraid They Will Be Doxxed by Media
THIS IS THE MOST INFORMATIVE INTERVIEW FROM ARIZONA SINCE THE FORENSIC AUDIT BEGAN ONE WEEK AGO–
On Friday night The Gateway Pundit Jordan Conradson interviewed Arizona Audit Director Ken Bennett on the latest developments in the historic Maricopa County forensic audit.
Ken gave The Gateway Pundit an exclusive on the historic audit that continued Friday at Veterans Memorial Coliseum in Phoenix.
Ken Bennett also dropped this bomb during the interview. The liberal media is attempting to dox the audit workers!
(at 5:07 in the video)
TGP’s Jordan Conradson: I’ve heard workers are covering their license plates. Has there been any word on obstructionism by BLM or Antifa?
Ken Bennett: No. We haven’t confirmed any activity from those particular groups or anyone else. But, unfortunately, we’ve had the press and the media taking pictures of people’s license plates and trying to get closeups on their name badges and faces, of course. So it makes the workers and the observers a little bit nervous when the press is going to that length to try to identify somebody. They’re afraid they’re going to be doxxed or something like that. So we hope that doesn’t happen and we hope that everybody will be a little bit bigger than that.
This is shocking news but not a surprise. The media at the coliseum appear committed to smear this transparent audit.
This is the same media that supported Maricopa County officials refusing Republican observers into the counting room.
This was the most information yet on where the audit process stands today.
The Arizona Senate and Arizona GOP are taking this process seriously.
History is being made.
https://www.thegatewaypundit.com/2021/05/az-audit-director-ken-bennett-press-taking-photos-license-plates-faces-name-badges-arena-parking-lot-audit-workers-afraid-will-doxxed-media-video/
#142 Notetaker Extraordinaire SFT'lous GOLD TYVVM
>>49909, >>49917, >>49926, >>49928 pf report(s)
>>49866 Maricopa audit moving into phase 2
>>49874, >>49867. >>49878, >>49880 Scotland Yard probing Kevin Spacey - anon on others, bigger pic
>>49876 Dr. Vladimir Zelenko, an early adaptor and pioneer of the HCQ protocol, has been nominated for a Nobel Peace Prize
>>49881 Civil War Soldiers Glad They Didn't Live Long Enough To Experience Horrors Of The January 6th Capitol Riot (KEKS)
>>49885 Vid of empty Indian hospital - Covid emergency?
>>49886 Biden's ratings vs sucked bigly
>>49888 McInerney on Skippy: "Soon"
>>49889 Tesla With ‘No One’ Driving Crashes in Texas, Killing Two
>>49891 Significant Jump This Week in Reported Injuries, Deaths After COVID Vaccine
>>49892 McInerney: No Time. Evil is rising. We have to move faster
>>49914, >>49951 U.S. Space Force Chief Scientist: ‘Human Augmentation’ Is Now Necessary-technocracy.news from June 2019
>>49915 Scavino on rumble
>>49916, >>49918, >>49919, >>49920, >>49921, >>49922, >>49923, >>49932, >>49942, >>49943 Q like post(s)
>>49927 Facebook CEO Zuckerberg Buys 600 More Acres of Land in Hawaii Amid Protests-sputniknews
>>49929 Berkshire Profit Soars As It Sells Others, Buys Back Its Own Stock-zh
>>49937 Introducing a New Death Tax
>>49938, >>49940, >>49949 @DeptofDefense Bringing the ⚡️!
>>49939 Biden adm targeting Rudy Giuliani is retaliation for uncovering first family corruption — and a continuation of Crossfire Hurricane.
>>49941 ICYMI: The Auditors in AZ already know, It was over before it started. We have it all.
>>49944 DR JUDY MIKOVITS, PHD USA " TRUTH OVER FEAR " SUMMIT.
>>49945, >>49946, >>49948 How do I fight against this shit?
>>49952 Washington DC Is Paying $1.6 Million In Settlements To Rioters At Trump’s Inauguration
>>49953 Press Are Taking Photos of License Plates, Faces, Name Badges in Arena Parking Lot – Audit Workers Afraid They Will Be Doxxed by Media
#142
czech em
lemme know
settin up bake
holdem
Kitteh says all clear