Cave News

The Trump ‘tax story’

A liberal reporter zeroes in on why the NewYork Times tax story is actually good for Trump.

Leah and Julio wrote about the ‘bombshell’ tax story The New York Times published over the weekend. Also, it’s nothing we haven’t read before the paper did similar stories in 2016 and 2018, which no one read or cared about.

Tax avoidance is not illegal. Thanks for playing and in the process—the Times actually helped Trump by exposing another aspect of the Russian collusion myth, which is that he did not have an unreported connection to Russia. I mean, it’s there in black and white, which liberal reporter Michael Tracey pointed out (via NYT):

The big reveal, if you can call it that, is that President Trump only paid $750 in income taxes back in 2016. That’s it. I think Brett Kavanaugh throwing ice at a bar might be more of a ‘bombshell’ and that’s not saying much.

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NY Governor Cuomo will Tax Coronavirus Volunteers!

If you’re a healthcare worker who went to New York to volunteer to help fight the coronavirus outbreak there, Gov. Andrew Cuomo says you owe New York state income taxes.

Even if you were not working for any pay in New York, but you were still being paid in your home state. Pay that enabled you to volunteer and put your own health in danger to help New York.

That’s classic taxation without representation. Americans have a history of not liking this.

The report says “New York has suffered more than any other state during the coronavirus pandemic.

Gov. Cuomo and Mayor Bill de Blasio

The leadership it has elected — Gov. Cuomo and Mayor Bill de Blasio — are why.

They’re immoral New York has suffered more than any other state during the coronavirus pandemic. The leadership it has elected — Gov. Cuomo and Mayor Bill de Blasio — are why.

They’re immoral. There isn’t a nice way to put this. Andrew Cuomo is an idiot"

He’s just made sure no one will volunteer to help New York for the foreseeable future.

Full report here.

California population growth slowest since 1900 as residents leave and immigration slows

The number of Californians increased to 39.96 million, with new data from the Department of Finance showing mostly downward trends.

They are rooted in fewer births, coupled with increased deaths among an aging population. The State, however, has also seen changes in international migration, along with more and more residents leaving the state.

The estimates, which indicate that California’s population grew by 141,300 people between July 1, 2018, and July 1, 2019, nonetheless signal a 0.35% growth rate, “down from 0.57% for the prior 12 months — the two lowest recorded growth rates since 1900,” department officials underscored.

The report didn’t even mention high taxes.

Full report here.

Jeff Bezos would pay nearly $7 Billion to Elizabeth Warren's Medicare-for-all tax

Sen. Elizabeth Warren has a plan for taking Jeff Bezos' money.

The 2020 candidate unveiled her proposal Friday to pay for her estimated $34 trillion Medicare-for-all plan without upping taxes on the middle class. It relies on a big chunk of change from the country's biggest earners, and would end up costing the Amazon founder nearly $7 billion!

To raise the tremendous sum needed to provide universal health care, Warren laid out a $20.5 trillion tax package that she says targets "the financial sector, large corporations, and the top 1 percent." Bezos falls at the very top of that last category, and he'd be subject to Warren's wealth tax that was upped in this plan from two percent to six percent. And six percent of Bezos' $111.7 billion net worth? That's about $6.7 billion.

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Trump lawyers strike deal to speed fight over Trump tax returns to Supreme Court

The Manhattan district attorney and attorneys for President Donald Trump have come to an agreement to pause the enforcement of a grand jury subpoena for Trump's tax returns until after an appeals court issues their opinion and perhaps until after the Supreme Court is asked to hear the case.

Full report here.

Ocasio-Cortez still hasn’t paid taxes on her failed business venture

Democratic darling Alexandria Ocasio-Cortez (pictured) still hasn’t paid a six-year-old tax bill left over from a failed business venture.

Weeks after The Post alerted the freshman Congresswoman’s office to the outstanding tax lien from 2012, she still hasn’t paid it, state records show.

Brook Avenue Press, a company set up in the Bronx to publish books about city children, owes $1,877.56 in unpaid corporate taxes.

The state slapped the company with a warrant on July 6, 2017, two months after Ocasio-Cortez announced her candidacy to run against Democratic incumbent Joe Crowley for the district that encompasses parts of Queens and The Bronx.

Public records show the state dissolved the company in October 2016, which can happen when a business fails to pay corporate taxes or file a return.

A spokesman for Ocasio-Cortez, who has called for sweeping tax hikes on the rich, told The Post two weeks ago that the taxes would be paid right away.

But on Thursday, her aide Corbin Trent said that the Congresswoman’s lawyers were looking into the matter.

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Bloomberg finds Warren’s tax would have seized half the wealth of the rich

When 2020 Democratic presidential candidate and Senator Elizabeth Warren first proposed an annual wealth tax, she claimed it would be just “a little piece,” “a little portion” of the “bazillion” they’ve made.

New evidence from her own economists revealed that her constitutionally-challenged two percent (or higher) annual wealth tax would take far more than a little. Try half or more.

Bloomberg reported on Sept. 10, that if a wealth tax like it had been implemented in 1982, the government would have confiscated more than half of Bill Gates, Warren Buffett and Larry Ellison’s wealth by 2018. Since taxes rarely disappear from existence, it begs the question of how long it would take for the government to take it all.

So much for just taking a bit off the “tippy top.”

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Report: Florida making Billions as Americans flee high-tax states

A new study performed by LendingTree found that the Sunshine State is “the number one largest beneficiary from relocations out of all 50 states — by a landslide,” according to Fox Business.

The 2016 IRS data analyzed showed that individuals who relocated to Florida brought in a combined adjusted gross income (AGI) of nearly $30.2 billion.

“Meanwhile, people who left took roughly $12.5 billion in income with them, leaving Florida to enjoy a net influx of about $17.7 billion in AGI,” the study said.

Full report here.

Alexandria Ocasio-Cortez's defunct book publishing company owes '$1,870 in back taxes'

AOC is a freshman politician determined to raise taxes to pay for her socialistic ideas. Now it appears she hasn’t paid some of her own taxes.

A small publishing start-up founded by Alexandria Ocasio-Cortez owes New York State back taxes, it has been reported.

Brook Avenue Press, a publisher of children’s books which the freshman congresswoman founded in 2012, owes Albany 1,870.36 in corporate taxes, the New York Post reported.

The company was founded in order to ‘help develop and identify stories and literature in urban areas ….specifically in communities like The Bronx,’ Ocasio-Cortez says in a 2011 YouTube video.

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When the prescription only harms the patient

Every so often left-wingers threaten to enact a carbon tax.