Tag Archives: Bandit Gang Writ Large

The Secret Billion Dollar Tax You’ve Never Heard About

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“Unclaimed property is one of the fastest growing sources for state revenue, and many believe that most unclaimed property is not reported.  The lucrative silence surrounding unclaimed property has shifted from business entities, prior to the enactment of unclaimed property laws, to the current lucrative silence that allows unclaimed property to become a vital source of revenue for state governments.”

Read more: https://fee.org/articles/the-secret-billion-dollar-tax-youve-never-heard-about/

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Purged Saudi royals must cough up 70% of their wealth to be freed

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“Riyadh seems to have found the way to curb the budget deficit caused by lower oil prices. As the Financial Times report, Saudi officials are offering the arrested royals a deal – pay up to 70 percent of your wealth and go free.  The Saudi government could appropriate hundreds of billions of dollars from the arrested to refill depleted state reserves, according to the media.”

Read more: https://www.rt.com/business/410153-saudi-arabia-ransom-purge-salman/

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IRS To Extract $207 Billion From Small Businesses By Enforcing Obamacare

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“The employer mandate is lucrative for the government. It is expected to bring in penalty payments of $207 billion over the next decade, according to projections by the Congressional Budget Office.  Businesses will generally incur fines of around $2,000 per employee (excluding the first 30) if they do not offer qualifying coverage to nearly all of those who work an average of 30 or more hours a week.  The penalty is activated if at least one employee then buys insurance on the health law’s marketplace and receives a subsidy for it.  The per-employee fine increases each year, and can add up quickly: A company with 100 workers that ignored the law this year would owe a penalty of more than $158,000.”

Read more: https://www.nytimes.com/2017/11/16/business/irs-health-insurance-mandate.html

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When Unpaid Student Loan Bills Mean Being Banned From Working

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“Blocking licenses is a more aggressive weapon, and states are using it on behalf of themselves and the federal government.  Proponents of the little-known state licensing laws say they are in taxpayers’ interest. But critics from both parties say the laws shove some borrowers off a financial cliff.”

Read more: https://www.nytimes.com/2017/11/18/business/student-loans-licenses.html

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Trump, Duterte, Congress, and the Philippine Drug War Killings

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“The Philippine National Police (PNP) acknowledge over 3,900 people have been killed in anti-drug operations under the Duterte administration, plus nearly 2,300 more drug-related murders and thousands still ‘unexplained.’ Our statement also notes the Philippines saw a roughly 50% increase in its official homicide rate, starting immediately when Duterte took office – hard to explain in the absence of an official policy of extrajudicial killing.”

Read more: https://stopthedrugwar.org/chronicle/2017/nov/17/update_and_action_alert_trump

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‘We the People’: The New Permanent Underclass in America

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“It’s not just the government’s endless wars that are bleeding us dry.  We’re also being forced to shell out money for surveillance systems to track our movements, money to further militarize our already militarized police, money to allow the government to raid our homes and bank accounts, money to fund schools where our kids learn nothing about freedom and everything about how to comply, and on and on.  Are you getting the picture yet?  The government isn’t taking our money to make our lives better.”

Read more: https://rutherford.org/publications_resources/john_whiteheads_commentary/financial_tyranny_we_the_people_are_the_new_permanent_underclass_in_am

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Tech start-ups fight Senate tax plan over stock option ‘phantom income’

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” Under the proposed change, employees could face large tax bills before they realize the income from cashing in the stock options to pay them.”

Read more: http://www.latimes.com/business/la-fi-tax-bill-stock-options-20171114-story.html

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Detroit undercover cops brawl in drug sting gone wrong

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“Video from the scene captured arguing and shoving among some of the two dozen officers there, Craig said. The video has not been released but is being reviewed as part of the investigation that will be turned over to the Wayne County Prosecutor’s Office to determine whether charges will be filed.”

Read more: https://www.usatoday.com/story/news/nation-now/2017/11/14/detroit-police-officers-neighboring-precincts-brawl-undercover-sting-gone-wrong/861410001/

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‘Stingray on steroids’: Texas National Guard has spy devices on planes

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“Devices capable of accessing calls, photos and text messages on cell phones were installed on two Texas National Guard surveillance aircraft. The project was funded by over $300,000 from drug-related asset forfeitures.  The cell site simulators, known as ‘dirt boxes’ (after the company’s acronym, DRT), are designed to mimic cell phone towers and trick every smartphone within one-third of a mile into connecting with it. This enables operators to intercept sensitive information including the user’s location, phone numbers dialed, text messages and photos. The devices can also be used to record or listen to phone calls ‒ all of it without users or service providers knowing about it.”

Read more: https://www.rt.com/usa/408968-texas-guard-dirtbox-devices/

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More Broke States Trading In Vice Enforcement For Tax Revenue

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“Pennsylvania is in the midst of a budget crisis. Seeing New Jersey success is raising revenue from Internet gambling, the Pennsylvania House of Representatives  suggested that to avoid a tax increase, they would follow suit. This week, after years of haggling, Gov. Tom Wolf signed a measure to make Pennsylvania the fourth state to legalize online gaming – a move that is projected to bring in $426.3 million in tax revenue from 2017 to 2022.  Michigan is also considering making a move, and guess who the chief opponent is?”

Read more: https://fee.org/articles/the-feds-should-leave-gambling-policy-to-the-states/

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