trump taxes

TRUMP’S TAXES & FINANCES -A Democrat Nightmare

Posted on by Helena

Maxine Waters is taking her new appointment as Chair of the House Intelligence and Financial Services Committee by issuing subpoena’s against Deutsche Bank, JP Morgan Chase, Bank of America and Citigroup. The reasoning? Trump used these banks to launder Russian money… The basis for the charge is that Trump did business with the banks and repaid most of his loans.  But Deutsche Bank has been hit several times with money laundering fines, and given that Trump has done business with this bank means he is guilty by association…  

Not.

Trump’s finances have become the new plume for the Democrats having lost their two year battle in the Mueller Russia investigation. With demands that Trump release his tax returns, to demands that banks provide an entire history of Trump’s dealings, the pillage continues. At taxpayer expense.

Don’t any of these Congressional officials have a real job?

The very person making the demand for Trump to release his tax returns, Richard Neal of the House Ways and Means Committee, has failed to provide his despite numerous demands.   In fact 90% of Democrats have failed to provide their tax returns.

Does Congress have the power and authority to demand to see Trump’s tax returns?

While the release is considered ‘standard’ and a ‘tradition’, it has never been cited as law.   IRS Section 6103 does not state that any tax return requested by the House must be released. However, based on an obscure law enacted in 1924, that has never been exercised in this manner, or with this objective there is a back door. The law also states that the Treasury can nullify the law if given 30 days notice. Mnunchin states that the request is ‘politically motivated’ and thus the objective is not legal. Constitutionally, the House has to show a ‘need’ in order to make the claim. So Neal and his cohorts concocted a fake agenda wherein they claim to be auditing the IRS’s auditing procedures when it relates to a sitting President.

It is obviously a fake request, and is obviously politically motivated.  As such the law will likely be repealed.

The argument the Democrats are using is the Russia collusion theory. The fact that this entire agenda was already declared null by the Mueller investigation would seem credible enough for a Supreme Court ruling in favor of Trump.   At some point harassment would become a possible legal backlash.

While the 1924 law also states that in this demand viewing Trump’s taxes would have to take place in a closed executive session, never to be made public, Trump could easily argue that Congress is a ‘leak magnet’, and his right to privacy would be violated.

Legal experts all have differing views on the situation and the outcome, but it is likely Trump will let it go to court. In the meantime, Trump will do what Congress is NOT doing, his job.

Trump TAXES – and the Naysayers of Doom

Posted on by Helena

The complainers are coming out of the woodwork like termites wondering why their particular agenda hasn’t been fulfilled yet like a society of entitlement soothsayers…  “What about what I want?  Me! Me!”  Without considering what  is required in order to get anything actually – done:

 

TRUMP ON TAXES – nutshell

  1. Double the standard itemized deduction value for single taxpayers – $12,000 and married taxpayers – $24,000
  2. Standardize tax rates to 12%, 25% and 35% – the income levels have not yet been released.
  3. Curb the itemized deduction for home interest to $500,000 vs $1 million, which effects homeowners who currently write-off on home asset values of $22 million…
  4. Repeal and curb itemized deductions for taxes, tax prep fees, moving expenses, medical expenses, and theft and personal losses
  5. Repeal deduction for alimony (not taxable deduction or expense)
  6. Eliminate recharacterization of IRA’s between traditional and Roth
  7. provide a one time incentive to bring offshore money home for a 10% tax bill – current estimates state that offshore money worldwide is valued at about $40 trillion.
  8. Flat tax the corporate rate at 20%.
  9. Repeal certain depreciable assets and enable 100% of cost as write-off
  10. Allow businesses a $25 million threshold for cash vs accrual accounting and inventory
  11. Remove limitations on interest deductions for small businesses
  12. NOL would be capped at 90% of current year taxable income
  13. Increase estate tax exclusion to $10 million until 2023 when repealed and gift tax rate lowered to 35%
  14. Cap small business tax rate at 25%, LLC filers and Sub S Corporations
  15. Increase child tax credit
  16. Repeal Alternative Minimum Tax
  17. Elimination of certain business tax credits, except; research and development, investment and low income housing credits
  18. Elimination of tax free bonds used to fund the construction of Sports Stadiums
  19. Simplify and streamline Education credits

Apparently, the plan has drawn criticism… surprise! Ann Coulter thinks it isn’t even an issue with anyone, and instead Trump should be prioritizing building the wall. Paul Ryan doesn’t like it, but few people like Paul Ryan, so his opinion is a non-issue. The complainers have come out of the woodwork and don’t realize that complaining is why nothing gets done!   Their complaining is Swampish.

According to Gallup, the biggest issue American’s identify is government corruption. Yet, as Trump slashes the Swamp, everyone complains. Why? Americans have become so paralyzed by party definition that we fail to recognize that Trump is doing exactly what we claim to want. He is tackling the Swamp, and it is far deeper than anyone can imagine crossing party lines, gender lines, and judicial lines.

Issue #2 – The Economy. Ann Coulter seems to have forgotten that one of the prime ways to stimulate the economy is through a reduction in taxes. But Trump has actually gone a step further and is offering to bring back into the US potentially trillions of dollars in offshore accounts!  Investable money. Money to ‘stimulate the economy’!

Issue #3 –  Immigration. A work in progress, sanctuary cities are the battle ground. The border is the battle ground, and el Salvadoran gangs, etc…are the battle ground.  Trump has meticulously attacked each area, and still the sky is falling Chicken Littles – complain. But the race is not won by the Hare who acts impatiently, but by the Tortoise who acts with ingenuity.  The immigration problem has been manifested over a 40 year time frame with each successive president prodding its continued growth. It’s like giving birth; the weight gain occurred over nine months, you don’t lose it in one day.

And lastly, Healthcare, which for me is a personal issue that literally takes my breath away at an annual cost of $16,000 including deductible! That’s $8 per working hour, which is about equal to the minimum wage…

UPDATE:  My nephew in Arizona was just issued a statement that his private health insurance premiums will increase by 80% in 2018.  Thus the premium for him and his wife will be $23,000 with an $11,000 deductible!  He ‘was’ retired…

You Can’t Please All Of The People All Of The Time!  

But apparently, everyone would like to think that their ‘pleasing’ is most important, and to sit back and complain loudly about everything is their call to action – bonbons and all. There is no such thing as a Bill that will appease everyone, but if we are so self centered that a Bill that has tremendous potential for solving Economic issues through Tax Reform is tabled, then how can we possibly move on to the next issue with any confidence or hope?

If both sides of the media raucously wag gnarly fingers of doom, then that is ultimately exactly what we deserve.  Which is to say – NOTHING.

Lets get this done!  NEXT!

Hillary Clinton vs. TRUMP : falling out of grace

Posted on by Helena

While Hillary mocks Trump for his tax loss, she fails to acknowledge her own woes of ‘being broke’ due to squanderous spending and lax savings. Leaving the White House where insider trading was routine, where tit-for-tat was commonplace, where money was loose and large, the Clinton’s claim they came away – broke! That doesn’t bode as a monetary policy of profit… it boasts a crisis of over-spending. The same over-spending that will bankrupt the US.

The only way they could create wealth was through a fraudulent foundation that did nothing for charity at a less than 9% payout, but milked governments for favors, and thru onerous speaking engagements – for onerous favors. And in that genre, they managed to accumulate hundreds of millions, much of which most likely is stashed in overseas accounts…

Given their own discombobulated logic, it would seem they promote fraud over business, and money as their god.

Add to the fray that the Mz. uses as her magnate idol a former Miss Universe who took offense because she did not comply with the rules of her ‘employment’ and her win, a woman who threatened to kill a judge if he jailed her gangster boyfriend with whom she had an illegitimate child – and we get a clearer picture of what Hillary stands for…

Add to the fray the Hillary who enabled and exalted her husband’s infidelities as though it was normal and simultaneously attempted to destroy the various ‘mistresses’ and rape victims, and this is the feminism that Hillary promotes and justifies and glorifies!

Add to the fray that there are dead bodies of real people, sons, daughters, mothers and fathers… who may have lost their lives as a direct consequence of Hillary, and we have her morality and ethics on display for how she will rule this country – as Queen Marhilly of Scots.

Add to the fray that she shares the ‘bomb everyone’ mentality, and we know that there will not be an ally left on this planet that will support the US.

Add to the fray that her mental acuity is questioned, her health definitely a topic of concern, and we have a medicated, prescription addict who can unravel at any moment and plunge the US into a perilous chaos much like the over-medicated, delusional Hitler when he became addicted to a cocktail of medications including bull semen, amphetamines, barbiturates, opiates, cocaine etc… and led Germany into a World War.

Add to the fray that her best pals include Huma Abedin a Muslim Brotherhood bride, George Soros an aging farcical stage manager who wants to witness the fall of the world before he dies – just for funsies, and Cher, an old actress who has less than a high school education and has threatened to leave the country on numerous occasions to everyone’s bated breath – and yet never does. Sigh. And these are her trusted companions…

Add to the fray that her closest email cohorts have been given immunity, their computers smashed to smithereens so that the data can never be revealed to the Public, and we now have a person who buys the law – and glorifies in that power…

AND YET – the focus is on the fact that Trump utilized VALID tax law to write off his losses against his income as does every person who can – and we are comparing ‘legal’ to the worst devastation of the Constitution and the Commandments possibly ever having transpired in this country – much less to a Presidential candidate.

And the fray revels and glorifies this woman – why?

Because morality – ethic – law – order – discipline – compassion – honesty – truth – and justice – are no longer relevant. Just have a conversation with a Democrat. And immediately the barbs fly, the hatred flies, the accusations fly, the derailment flies, the antagonistic – intolerant – hatred comes unraveled.

It would seem to be – the root of chaos. The same chaos that Soros so loves and fuels at any given opportunity. The same chaos that these political pundits embrace with a zeal without the ability to actually see – their own violent animosity.

Did you hear about the white 17 year old that was violently beaten up by blacks and remains hospitalized with massive head injuries because he advocated support for the police? Probably not – because the media doesn’t find those stories of value.