Category Archives: Tax

November 11, 2017

Report: Trump Wants Scientology’s Tax Exemption Revoked

As for the Church of Scientology and its tax-exempt status, that’s a long, convoluted story that involves the church obtaining it in the late ’50s, losing it a decade later, then fighting for over two decades to get it back. After a 26-year bitter feud with the IRS, the organization secured their tax exemption, which has allowed the organization to acquire even more wealth and influence and shroud itself even further from public scrutiny.

“I told President Trump & his family we needed to revoke their tax exempt status. They couldn’t agree more.”

According to administration official Lynne Patton, President Trump believes the tax exempt status of the Church of Scientology should be revoked.

In a report that’s part attempted hit-piece on the Trump administration and part exposé on the sketchy tax dealings of Hollywood’s most influential cult, the Huffington Post details a back and forth between Patton, a “loyal family aide” and Department of Housing and Urban Development official, and “King of Queens” star Leah Remini, a former Scientologist who wants to see the infamously secretive organization brought to justice:

In an unsolicited Twitter message, Lynne Patton, who has worked for the Trump family since 2009, told actress Leah Remini of Trump’s position and said she would interface with the IRS directly to seek more information in an effort to initiate revocation. Remini sent HuffPost copies of Patton’s messages and has declined to comment further.

It’s not clear if Patton ever communicated with the IRS. But if Trump did express an opinion on the church and Patton did contact the IRS about it, as her message suggests, that would be a highly inappropriate level of interference with the IRS by the administration, one expert said.

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October 23, 2017

Non-Western Immigrants Consume 59% Of Denmark’s Tax Revenue

The report doesn’t mince words, saying the data “shows conclusively that immigration has been an economic disaster for Denmark.”

The flow of refugees into Sweden has made that once idyllic country a mess. Police have set up “no-go zones” they deem too dangerous to go into, famed feminists have abandoned cities, where refugees flock, and the number of rapes has skyrocketed.

Now it turns out that neighboring Denmark is also suffering dramatic effect from the deluge of refugees into that country.

“A recent study conducted by Denmark’s Ministry of Finance concluded that in 2014, immigrants and their descendants cost Danish taxpayers at net loss of 28 billion Crowns per year,” according to the National Economics Editorial. That’s $42 billion.

“Furthermore, when Western immigrants were removed from the equation, the net cost rose to 33kr billion.” That’s nearly $50 billion.

In comparison, ethnic Danes contributed a surplus of $84 billion in 2014.

The report doesn’t mince words, saying the data “shows conclusively that immigration has been an economic disaster for Denmark.”

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September 28, 2017

Illegal immigration costing record $135 billion a year, study shows (Video)

President Trump, Attorney General Jeff Sessions and conservatives in Congress are moving aggressively to deal with illegals, especially those with long criminal records. But their effort is being fought by courts and some 300 so-called “sanctuary communities” that refuse to work with federal law enforcement.

The swelling population of illegal immigrants and their kids is costing American taxpayers $135 billion a year, the highest ever, driven by free medical care, education and a huge law enforcement bill, according to the the most authoritative report on the issue yet.

And despite claims from pro-illegal immigration advocates that the aliens pay significant off-setting taxes back to federal, state and local treasuries, the Federation for American Immigration Reform report tallied just $19 billion, making the final hit to taxpayers about $116 billion.

State and local governments are getting ravaged by the costs, at over $88 billion. The federal government, by comparison, is getting off easy at $45 billion in costs for illegals.

Original source.

September 27, 2017

Legislation Seeking to Strip Taxpayer Funding from Sports Arenas Gains Momentum Following National Anthem Protests

Members of Congress are growing more interested in legislation that seeks to strip taxpayer funding from sports arenas following the recent NFL protests of the National Anthem.

Sen. James Lankford’s (R-OK) spokesperson told the Daily Caller on Sunday that interest in the “Eliminating Federal Tax Subsidies for Stadiums Act of 2017” (S. 1342) proposed by Lankford and his Democratic co-sponsor Sen. Cory Booker (D-NJ) in June, has grown in the past four weeks.

Booker and Lankford’s bill would ban professional sports teams from using federal tax-exempt funding and would amend the tax code to treat any bonds as taxable regardless of who is providing the bonds.

“Professional sports teams generate billions of dollars in revenue,” Booker said in a statement. “There’s no reason why we should give these multimillion-dollar businesses a federal tax break to build new stadiums. It’s not fair to finance these expensive projects on the backs of taxpayers, especially when wealthy teams end up reaping most of the benefits.”

Lankford agreed with his Democratic co-sponsor.

“The federal government is responsible for a lot of important functions, but financing sports stadiums for multi-million—sometimes billion—dollar franchises is definitely not one of them,” Lankford said.

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August 16, 2017

Trump-Endorsed Immigration Bill Would Save Taxpayers Trillions

Each legal immigrant w/ less than a H.S. degree costs taxpayers $476k. We’re subsidizing the rich’s “cheap labor.”

Earlier this month, President Donald Trump endorsed the RAISE (Reforming American Immigration for Strong Employment) Act introduced by Sens. Tom Cotton, R-Ark., and David Perdue, R-Ga., a bill to reform the merit-based immigration system and limit low-skill immigration.

Low-skill immigration is very costly to U.S. taxpayers. For example, a legal immigrant without a high school degree typically receives $4 in government benefits for every $1 he pays in taxes.

By limiting future low-skill immigration, the RAISE Act has the potential to save U.S. taxpayers trillions of dollars in future years.

There are 12.8 million low-skill legal immigrants with a high school degree or less currently residing in the U.S. The households headed by these low-skill legal immigrants impose a net fiscal cost (total government benefits received minus total taxes paid) of $150 billion each year.

The $150 billion tax burden is equivalent to a $1.04 tax on every gallon of gas purchased by U.S. motorists every year for the foreseeable future.

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May 29, 2017

Revealed: How Facebook chief, Sheryl Sandberg, lobbied Taoiseach Enda Kenny over data protection role and taxation

The correspondence took place in 2014 as Facebook was fighting two battles on two continents: one against the IRS in the US, which found Facebook’s Irish operations presented a possible $5bn tax liability; and the other against allegations Facebook Ireland handed users’ private data to US spies.

Facebook chief, Sheryl Sandberg, personally lobbied the Taoiseach at one-to-one meetings and in correspondence, on who would be appointed as Ireland’s next Data Protection Commissioner.

The social media giant is facing an investigation under the new Data Protection Commissioner, Helen Dixon, into allegations that Facebook used its Irish headquarters to transfer the data of millions of EU Facebook users to US spies under the Prism surveillance programme.

Given extraordinary access to the Taoiseach, Ms Sandberg lobbied Enda Kenny personally at meetings in Davos and California, and in subsequent correspondence, trying to influence his appointment of a successor to Billy Hawkes, who was due to retire from the role of Data Protection Commissioner.

Ms Sandberg doesn’t specifically name any preferences she has for potential successors in the documentation. She makes clear, however, that Facebook is interested in who the appointment will be, and that whoever is appointed is a ‘strong candidate’ as Mr Hawkes was a ‘hard act to follow’.

She says in the documentation that she hopes whoever is appointed to the position will be able to collaborate with Facebook and provide leadership on the data protection issue in Europe.

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May 25, 2017

Trump Budget Stops Cash Payments to Illegal Immigrants

IRS program has paid billions in federal dollars to aliens under the guise of a ‘tax credit’

The president’s proposed 2018 budget would put a stop to a government program that has paid out more than $35 billion over the past ten years to illegal immigrants in lump-sum payments, disguised as a “tax credit.”

The use of the credit by illegal immigrants, which has allowed them to get up to $1,000 for each child they claim, including children who are not theirs and who don’t live in the United States, has been referred to as “a multi-billion-dollar fraud scheme” that has taken money out of the hands of hard-working Americans.

It’s called the “Additional Child Tax Credit” — but in application it is not really a credit at all.

Thousands of illegal immigrants file tax returns every year using a taxpayer identification number issued by the IRS called an ITIN. Mark Krikorian of the Center for Immigration Studies says there is no reason for anyone but an illegal immigrant to use an ITIN to file a tax return: Even legal residents who are not citizens would have a Social Security card. And the only reason people working here illegally would file a return is to get money, through a “credit” that counts against the taxes paid, and then sends them the remaining amount.

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May 15, 2017

Virginia: 43 Muslims indicted in $30M cigarette trafficking, bank fraud, and money laundering op

Those businesses were used to purchase a large amount of tax-exempt cigarettes and then they would be transported out of state and resold for a profit.

43 people were indicted on Friday on 743 separate charges resulting from a year-long investigation into illegal cigarette trafficking, according to police.

19 of the 43 are in custody.

Henrico County Police said it began investigating cigarette trafficking in Henrico County back in 2015 because of a series of violent crimes that were associated with it.

According to police, a number of robberies, shootings, and burglaries happened in direct relation to the illegal trafficking of cigarettes and an investigation eventually developed into a larger regional and multi-state operation.

The investigation incorporated more than 20 agencies including local, state, and federal law enforcement as well as corporate businesses including the FBI, ATF, Homeland Security, IRS, and Virginia and Maryland State Police.

Police said the suspects utilized fraudulent papers to create 29 phony businesses in the Richmond area.

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May 8, 2017

Idiotic Seattle Mayor Taxes Diet Soda Because ‘Affluent White People Drink More Of It’

The idiotic mayor of Seattle, Ed Murray, has changed the rules of his “soda tax” to include diet soft drinks instead of only sugary soft drinks. The reason? Solely because wealthier white people drink more diet drinks.

Via The Seattle Times:

Mayor Ed Murray’s soda-tax legislation led to criticism it was unfair because white and affluent people tend to drink more diet drinks. The mayor’s revised proposal lowers the tax rate slightly and adds diet soda.

The changes were recommendations that emerged when staff from the mayor’s office and the office of Councilmember Tim Burgess studied disparate impacts the tax could have on people with low incomes and on people of color, according to Murray.

That work involved conversations with community advocates, public-health professionals and business owners, according to the mayor. After Murray’s initial announcement, some suggested the exclusion of beverages with artificial sweeteners would be unfair because affluent white people tend to consume more diet drinks.

The tax, which is meant to fund education for minorities (which is a hysterical and yet frightening thing to focus on), is undergoing some changes. At first, the tax was to make distributors of sugary drinks pay 2 cents per ounce with the mayor claiming it would bring in $16 million.

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April 15, 2017

California’s Tax Collection Agency Engulfed in Scandal

California Gov. Jerry Brown has asked the state Department of Justice to investigate alleged corruption at the state’s Board of Equalization, the agency that collects $60 billion in tax revenues in one of the highest-taxed states in the nation.

The Sacramento Bee reports:

In a letter sent to the board’s five elected members, The Democratic governor announced the tax agency will not be able to hire key personnel or issue most contracts without approval from other state departments he controls.

His letter also announced his intent to ask the Human Resources Department and Attorney General Xavier Becerra to investigate complaints from civil servants as well as an alleged misuse of public resources.

Brown’s letter follows a recent audit from the Department of Finance that found the Board of Equalization had allowed its elected members to “redirect” staff for promotional events. The audit found the agency could not explain how it corrected accounting failures identified in a 2015 audit.

It described reports from employees who feared they’d lose their jobs if they displeased elected officials. The report also suggested that board members inappropriately “intervened” in administrative decisions, creating inconsistencies that are “contrary to state law.”

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