By Jack Murphy
By Jack Murphy
By Jay Greenberg
2020 Democrat frontrunner Sen. Elizabeth Warren's (D-MA) proposed new tax plan could sting some Americans with rates way above 100 percent, according to calculations.Democratic presidential candidate Warren's newly released tax plan would result in some billionaires and millionaires paying taxes at rates as high as 158%, an analysis has found.According to a report in The Wall Street Journal:Potential tax rates over 100% could result from the combination of tax increases the Massachusetts senator proposes for the very top tier of investors.She wants to return the top income-tax rate to 39.6% from 37%, impose a new 14.8% tax for Social Security, add an annual tax of up to 6% on accumulated wealth and require rich investors to pay capital-gains taxes at the same rates as other income even if they don’t sell their assets.Consider a billionaire with a $1,000 investment who earns a 6% return, or $60, received as a capital gain, dividend or interest.If all of Ms. Warren’s taxes are implemented, he could owe 58.2% of that, or $35 in federal tax. Plus, his entire investment would incur a 6% wealth tax, i.e., at least $60.The result: taxes as high as $95 on income of $60 for a combined tax rate of 158%.Warren’s economic plan was blasted recently by former Obama administration adviser Steven Rattner, who said: “I would say it’d be disastrous for the American economy.”
By Jay Greenberg
North Korea has blasted former Vice President Joe Biden, calling him a "rabid dog" who "must be put to death."The North Korean state-controlled media released a statement hammering the 2020 Democrat, suggesting he "must be beaten to death with a stick."It remains unclear what exactly provoked Friday's attacks against Biden, but the presidential hopeful has been critical of President Donald Trump's summitry with North Korea's leader Kim Jong-Un in the past. The KCNA news agency, the state's mouthpiece for Kim Jong-Un's regime, said the former vice president was exhibiting signs of "the final stage of dementia," and the "time has come for him to depart his life.""Such a guy had the temerity to dare slander the dignity of the supreme leadership of the DPRK," the commentary reads, using the North's official name, the Democratic People's Republic of Korea."It was the last-ditch efforts of the rabid dog expediting his death," KCNA said.
By Paul Whitehead
By Jay Greenberg
By Jay Greenberg
Online retail giant Amazon is the latest corporation to join the "War on Christmas" after the Jeff Bezos-owned company labeled a book about the birth of Jesus Christ as "Christian holiday fiction."
Amazon is touting a new children’s book narrating Christmas nativity story as its “#1 New Release in Children’s Christian Holiday Fiction.”
The book, The First Christmas, by Breitbart's Rome Bureau Chief Thomas D. Williams, is an illustrated children’s poem describing the nativity of Jesus.
The story is told in anapestic tetrameter, the same poetic meter used in Clement Clarke Moore’s classic Christmas poem, A Visit from Saint Nicholas.
However, Williams’s book actually tells the Nativity story exactly as recounted in the gospels of Saints Luke and Matthew, without the addition of fictional embellishments, unlike A Visit from Saint Nicholas and other “holiday” poems.
Therefore, by calling the book “Holiday Fiction,” Amazon would seem to suggest it believes that the Christian Bible's recounting of the birth of Jesus is simply an imaginative fabrication.
By Paul Whitehead
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