Tag Archives: trump

New Tax Bracket under Trump’s Plan

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  • There could be new tax brackets in 2018 if tax legislation is enacted under President Donald Trump.
  • The House Republicans’ tax bill proposes reducing the current seven tax brackets to four.
  • The Senate Republicans’ tax bill proposes keeping seven brackets but changing the income ranges.
  • Both plans propose eliminating the personal exemption and increasing the standard deduction.

House and Senate Republicans have taken two different approaches in their attempt to overhaul the US tax code by releasing separate proposals with sweeping changes.

House GOP leaders unveiled the Tax Cuts and Jobs Act last week and added last minute-adjustments this week. Senate Republicans, meanwhile, on Thursday debuted their tax legislation that contained some substantial departures from the House’s version.

Business Insider put together two charts showing how both the House’s tax plan and the Senate’s tax plan could change federal income-tax brackets in 2018 compared with those in 2017.

Under the House’s plan, there would be four federal income-tax brackets rather than the seven we have today. The brackets proposed are 12%, 25%, 35%, and 39.6%.

The Senate’s version would keep seven brackets but at slightly lower rates and adjusted income ranges. The brackets proposed are 10%, 12%, 22.5%, 25%, 32.5%, 35%, and 38.5%.

About 70% of Americans claim the standard deduction when filing their taxes, and their paychecks will almost certainly increase if either tax bill passes.

In 2017, the standard deduction for a single taxpayer is $6,350, plus one personal exemption of $4,050.

The House plan would combine those into one larger standard deduction for 2018: $12,200 for single filers and $24,400 for joint filers.

Under the Senate proposal, these would be slightly lower, at $12,000 for single filers and $24,000 for joint filers.

source: business insider

Make Saudi Arabia Great Again

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The mass weekend arrests by Saudi Arabia could be due to both the stated purpose of cracking down on corruption and a power grab by the kingdom’s young, reform-minded crown prince who may soon take the throne, said Robert Jordan, former U.S. ambassador to the kingdom.

On Saturday, 11 princes, including well-known billionaire investor Alwaleed bin Talal, and four ministers, including the one in charge of the National Guard, were arrested, according to various reports, along with a number of former ministers.

MDC says, Saudi Arabia’s arrest of Prince Alwaleed ‘would be like arresting Warren Buffett, Jeff Bezos,  or Bill Gates’ in the United States. Alwaleed’s Kingdom Holding has major stakes in Fox, Time Warner, Citigroup, Twitter, Apple, Motorola and many other well-known companies, as well as several satellite television networks that are prominent in the Arab world.

We would also like to add that our Duffus POTUS commented in tweets Monday evening, President Trump appeared to endorse Saudi Arabian King Salman’s decision to remove a prince who headed the National Guard and create a new “anti-corruption” committee on Saturday.

“I have great confidence in King Salman and the Crown Prince of Saudi Arabia, they know exactly what they are doing….” the president tweeted.

He completed the statement with a second tweet.

“….Some of those they are harshly treating have been ‘milking’ their country for years!” he wrote. MDC would like to add, Trump acts like a dictator and basically endorsed a dictator’s executive decision move.

The arrests happened hours after King Salman created an anti-corruption committee chaired by his 32-year-old son, Crown Prince Mohammad Bin Salman. MBS, as the crown prince is known, could become king later this year or in early 2018 when his 81-year-old father abdicates the throne. wd9wuDb

At 11pm on Saturday, guests at the Ritz-Carlton hotel in Riyadh got a rude awakening. Businesspeople and consultants who were staying in one of Riyadh’s most opulent digs, along with diners and visitors, were all told to assemble in the lobby with their bags. No one knew why.

As guests made their way to buses to be taken to other hotels in the Saudi capital, senior officials were making plans for new arrivals who weren’t prepared for a night away from home, let alone a spell in a five-star hotel. They were soon to become the highest-profile prisoners in the modern kingdom’s history. And the most pampered.

From midnight, buses arrived in the sprawling complex disgorging princes, business leaders, other royals, their guards and their captors. The arrivals marked the start of an extraordinary episode that exposed the kingdom’s elite to rare public scrutiny and showed that, even when accused of high crime, the powerful maintain privileges.

By dawn on Sunday, more than 30 of Saudi Arabia’s most senior figures, among them blood relatives of senior rulers, were locked inside the hotel, accused of corruption. Their ignominious arrests were the talk of the country, and so too was the fact that they were far from a prison cell, where most citizens facing similar charges could expect to find themselves.

 

TRUMP Cabinet ALL CROOKS

ObamaA trove of 13.4 million records exposes ties between Russia and U.S. President Donald Trump’s billionaire commerce secretary, the secret dealings of the chief fundraiser for Canadian Prime Minister Justin Trudeau and the offshore interests of the queen of England and more than 120 politicians around the world.

MDC says, Wilbur Ross is next. We would love to see Trump’s family also busted, but politics and finance will fuck with that .

The leaked documents, dubbed the Paradise Papers, show how deeply the offshore financial system is entangled with the overlapping worlds of political players, private wealth and corporate giants, including Apple, Nike, Uber and other global companies that avoid taxes through increasingly imaginative bookkeeping maneuvers.

One offshore web leads to Trump’s commerce secretary, private equity tycoon Wilbur Ross, who has a stake in a shipping company that has received more than $68 million in revenue since 2014 from a Russian energy company co-owned by the son-in-law of Russian President Vladimir Putin.

In all, the offshore ties of more than a dozen Trump advisers, Cabinet members and major donors appear in the leaked data.1fxu59

The new files come from two offshore services firms as well as from 19 corporate registries maintained by governments in jurisdictions that serve as waystations in the global shadow economy. The leaks were obtained by German newspaper Süddeutsche Zeitung and shared with the International Consortium of Investigative Journalists and a network of more than 380 journalists in 67 countries.

The promise of tax havens is secrecy – offshore locales create and oversee companies that often are difficult, or impossible, to trace back to their owners. While having an offshore entity is often legal, the built-in secrecy attracts money launderers, drug traffickers, kleptocrats and others who want to operate in the shadows. Offshore companies, often “shells” with no employees or office space, are also used in complex tax-avoidance structures that drain billions from national treasuries.

The offshore industry makes “the poor poorer” and is “deepening wealth inequality,” said Brooke Harrington, a certified wealth manager and Copenhagen Business School professor who is the author of ‘Capital without Borders: Wealth Managers and the One Percent.’

“There is this small group of people who are not equally subject to the laws as the rest of us, and that’s on purpose,” Harrington said. These people “live the dream” of enjoying “the benefits of society without being subject to any of its constraints.”

The records expand on the revelations from the leak of offshore documents that spawned the 2016 Panama Papers investigation by ICIJ and its media partners. The new files shine a light on a different cast of underexplored island havens, including some with cleaner reputations and higher price tags, such as the Cayman Islands and Bermuda.

Amazon Rules the World

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MDC says, Can you only imagine you’re good friends with Jeff Bezos, and you had a great day, and you can’t wait to tell him about it. So you email Jeff Bezos at Amazon to share the details, and then you ask him, politely: “Enough about me Jeff, how was your day?”

Jeff doesn’t want to upstage you-;but he can’t help it, if he’s being truthful:

“Not bad,” he’ll say. “I made more than $6 billion in five minutes.”

This is no joke. Amazon’s stock jumped 7.1 percent yesterday afternoon, on the news of its amazing third quarter earnings report.

At 4 p.m., as the market closed, it was trading at $972 a share; five minutes later in after hours trading, it popped to $1,041.15. And since Bezos still owns about 17 percent of Amazon’s common stock, if you do the math-;boom, $6.24 billion.

That puts Bezos’s total net worth at about $83.5 billion, and should return him to the top spot on the list of the world’s richest people .

He wasn’t the only master of the universe to see a giant leap Thursday. Larry Page and Sergei Brin picked up $1.2 billion and $1.15 billion each, after Alphabet’s stock surged on an earnings report. And Bill Gates is worth an extra $340 million based on Microsoft’s jump.

In closing; MDC states that Jeff Bezos of Amazon made as much in 5 minutes ,than Donald Trump claims he’s worth.

Puerto Rico Deal Looks Like Bullshit

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MDC says, THE USA IS SO FUCKED …. LETS RAPE THIS BITCH OF ALL THE FUNDS ….as per TRUMP !!!

A tiny, 2-year-old energy company from a small town in Montana won a $300 million contract to fix Puerto Rico’s hurricane-ravaged power grid, raising concerns about the decision-making behind the lucrative deal and the company’s ties to people connected to the Trump administration, as well as the company’s ability to fully meet Puerto Rico’s recovery needs.

MDC says, Take a peek at the $10 website …(click to see)  WHITEFISH BULLSHIT ENERGY .

Whitefish Energy, which at the time of the Hurricane Maria’s landfall had only two full-time employees, now has by far the largest contract of any company involved in Puerto Rico’s recovery, and, according to reporting from the Daily Beast, is primarily financed by a firm run by a major Trump donor who has connections to several members of his administration.

The contract has also raised eyebrows because the company is based in Whitefish, Montana, the hometown of Interior Secretary Ryan Zinke (population: 7,436). Zinke’s office told the Washington Post that Zinke knows the company’s CEO because the town is a place where “everybody knows everybody” but that Zinke had no role in the deal. A member of the Puerto Rico House of Representatives, Luis Vega Ramos, told the Daily Beast that connections to Zinke and Puerto Rico Gov. Ricardo Rosselló were Whitefish’s “most important expertise and assets.” Vega Ramos accused Whitefish of being a “glorified middleman” that crafted a “cozy sweetheart deal” to make money off subcontracting.

Whitefish Energy, which says it now has 280 workers in Puerto Rico and is growing by 10 to 20 subcontractors a day, has taken on the Herculean task of restoring power to an island where the vast majority of citizens are still without electricity more than a month after the hurricane. The cash-strapped territory will spend $490 million on the initial phase of the power grid repairs, according to Rosselló.

The $300 million Whitefish contract sets hourly rates at $330 for site supervisors and $227 for journeyman linemen, with rates even higher for subcontractors: $462 per hour for supervisors and $319 for linemen. It also includes $332 nightly fees for each worker and $80 a day for food.  MDC says, QUIT your mundane utility job here in the USA and go to Puerto Rico and hang out and create delays and get paid.

Take a Knee

take-a-kneeRetired NBA legend Kobe Bryant says he’d kneel during the national anthem if he was still playing in the league today.

Bryant was asked on The Hollywood Reporter’s ‘Awards Chatter’ podcast what he would do before a game — in light of the current political statements being made in the sports world — if he were still lacing it up.

“Kneel,” Bryant boldly said.

More than 250 NFL players controversially knelt during the national anthem as a nod to peaceful protests for racial equality that Colin Kaepernick began last year. The protests were reignited after Trump’s rhetoric at an Alabama rally in September, when he used profanity to describe protesting players and called for their firing.

Bryant also answered a question about what he would say to President Donald Trump, saying he’d tell him to “focus on serving, not leading.”

MDC cracks up because , Congress is getting involved? Athletes will be told like paid bitches as the police force in the united states (lowercase used,  because states are not united and powerful anymore) . The South Park creators remind us that, We can Sit- Stand- Knell – or put your Weiners out !!

In preseason games, the Lakers have decided to lock arms during the national anthem as a compromise to not offend the military while also shedding light on injustice in the country.

Coach Luke Walton, a former teammate of Bryant’s, said last week: “I think (the players) chose to show that we are united in this and that obviously, they have a ton of respect … well, I will let them speak for themselves, but I have a ton of respect for the country, the flag, the military. But by locking arms, I feel like we are showing that there are issues in this country, and it is a chance for us to raise awareness and still make it a talking point. If you do nothing, then it kind of goes away, and if it goes away, then nothing changes.

“… It is important for me, for the players and for our country to continue to talk and be active and get out in the community and do things that makes this country better and equal for opportunities and for everybody that lives here. I think that is why the players and team decided to do that.”

Bryant is slated to have his Nos. 8 and No. 24 Laker jerseys retired at halftime of the team’s game against the Golden State Warriors on Dec. 18.

Trump Loves Golf

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MDC says, “Hey Donald, you stated how there is so much WORK TO DO; who has time for golf , like Obama? MDC states, ” Mr. Trump ….. YOU ARE FULL OF SHIT. ”

Donald Trump made a Saturday visit to his Trump National Golf Club, Washington, D.C., in Ashburn, Va., on Oct. 14 to play golf. The visit marked the 72nd time the 45th President has visited one of his 17 golf clubs (and, for most of them, presumably played some golf) since becoming President on Jan. 20, 2017.

According to pool reports, Trump arrived to the club around 11 a.m. He played golf again with South Carolina Senator Lindsey Graham, who played golf with Trump on Columbus Day when the president called in staff from a planned day off to keep the facility open to his satisfaction.

Trump carries a 2.8 USGA handicap index, but he hasn’t entered a score since June 2016.

So far, Trump has been on the golf course or his clubs during some portion of the day for 26.2 percent of his presidency.

The Trump Administration, per policy, does not acknowledge that Trump is playing even a hole of golf, much less an 18-hole round. However, if he’s going to the golf club for about 4-5 hours, you can be pretty sure he’s playing golf. Oregon Sen. Ron Wyden has asked the White House to provide the names of Trump’s golf partners, as well for his clubs to provide visitor logs to get a sense of when Trump has played golf and with whom.

The President is certainly entitled to some leisure time, and golf has been an outlet for most Commanders-in-Chief dating back to the early 20th century. However, the reluctance to even acknowledge that this President plays golf conflicts with his almost relentless criticism of his predecessor, Barack Obama, who played an estimated 333 rounds of golf as President.

Trump’s Visit to the UN

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President Trump used his inaugural address at the United Nations on Monday to criticize the world body for not living up to its “potential” because of bureaucracy and urged member nations to reject “business as usual” and take “bold stands.”

“In recent years, the United Nations has not reached its full potential because of bureaucracy and mismanagement, ” Trump said at the 72-year-old organization during a meeting on reforms.

Despite a ballooning budget and a doubling of staff since 2000, Trump said, “We are not seeing the results in line with this investment” and encouraged UN Secretary-General Antonio Guterres to focus more on people than bureaucracy.

“We seek a United Nations that regains the trust of people from around the world,” the president said in his tightly scripted five-minute address. “In order to achieve this, the UN must hold every level of management accountable, protect whistle-blowers and focus on results rather than on process.”

“We encourage all member states to look at ways to take bold stands at the United Nations with an eye toward changing business as usual and not being beholden to ways of the past, which were not working,” he said, pledging the US would be a full partner in the reform efforts.

Trump, who will address the General Assembly on Tuesday, also said none of the 193 member nations should shoulder a “disproportionate share of the burden — militarily or financially.”

And he called for creating “clearly defined goals and metrics for evaluating the success” of the UN’s peacekeeping mission around the globe.

With the changes, Trump said, “I am confident that if we work together and champion truly bold reforms, the United Nations will emerge as a stronger, more effective, more just and greater force for peace and harmony in the world.”

In his address, Guterres said what keeps him up at night is the ” bureaucracy … fragmented structures, Byzantine procedures and endless red tape” of the UN.

“I even sometimes ask myself whether there was a conspiracy to make our rules exactly what they need for us not to be effective,” he said.

Later Monday, Trump was expected to meet with Israeli Prime Minister Benjamin Netanyahu and French President Emmanuel Macron.