Tag: Taxes
The final act of the Democrat majority on the House Ways and Means Committee was to make public several years of Donald Trump’s tax returns, which the Committee obtained after a prolonged legal battle. The tax returns confirmed that, despite being one of the richest people in America, Donald Trump paid very little in federal income tax. In fact, in at least one year he paid under a thousand dollars.
I used to consider myself something of a specialist on corruption in Iraq, so I was not too surprised when I read of Iraq’s “theft of the century” when $2.5 billion was stolen from the tax authorities in Baghdad in a well-planned operation in which several senior officials were clearly complicit. This is all in the rich tradition of Iraqi kleptocracy. For further details see Middle Easy Eye magazine which has been particularly good on this story.
Aided by an algorithm, the Dutch tax office has plunged into distress tens of thousands of families – in particular, foreign-born mothers, in wrongfully demanding from them staggering sums. The state is proving incapable of setting things right.
Windfall profit taxes are already on the way in Germany, 90% of all profits taxed away to the state. Energy production, when that bill passes, will be nationalized in Germany. The end of rational energy pricing will be gone.
