Posted originally on Oct 25, 2024 By Martin Armstrong
Bill Gates has come out to offer his endless support to Kamala Harris, providing her campaign with $50 million. The same news agencies praising Gates for supporting Harris have condemned the likes of Elon Musk for supporting Donald Trump. Gates has been CIVILLY CHARGED in the Netherlands and is perhaps buying favor with the DOJ. If he refuses to show up to testify or be deposed, he could be charged with contempt in the Netherlands, and it would be up to the DOJ if they extradite him or not. Tim Walz even accused Musk of attempting to “buy” the election, but now it’s (D) different.
Musk’s $75 million investment into a GOP super PAC made headlines as most billionaires vote blue. Yes, the same party that touts it must hunt down the rich happen to be supported by the same people. No one has significantly risen taxes on the billionaire elite class. All of those promises and talks of “fair share” are utter propaganda.
The New York Times stated that Bill Gates is primarily concerned about Trump’s global health programs. Gates, who has been in cahoots with foreign labs, creating new vaccines, buying up farmland, and investing in alternative food sources is concerned about global health. Get real. Everyone is acting on the invisible hand in their best interest.
Jamie Dimon, CEO of JPMorgan Chase, has offered Kamala his full support. He has a lot riding on the Ukrainian Reconstruction Fund with Blackrock. There are talks of Dimon becoming a Treasury secretary under Harris as well.
Former Dallas Mavericks owner Mark Cuban has been insufferable in his demonization of Trump. “Elon, there will come a time when you need something from Donald Trump. You will think you will have earned the right to ask and receive. You have been a loyal, faithful soldier for him. You have supported him politically with 10s of millions of dollars. Then, at the point you need him the most, you will find out what so many before you have learned, his loyalty is only to himself,” Cuban wrote online.
“I think part of why Kamala’s getting so much support is that if Trump wins, that Epstein client list is gonna become public,” Musk said. “And some of those billionaires behind Kamala are terrified of that outcome.” Musk firmly believes LinkedIn founder Reid Hoffman and Bill Gates are on Epstein’s client list. Yet, the motive is far deeper as the billionaire elites have backed the Democratic Party for quite a long time.
Tech billionaires Reed Hastings, Sheryl Sandberg, Dustin Moskovitz, Ron Conway, Vinod Khosla, and Ron Conway all support Kamala Haris. We know Mike Bloomberg despises Trump and has already pledged $19 million to the Harris-Walz campaign. Laurene Powell Jobs, Sam Altman, and David Ellison have also donated to Haris. Of course we cannot forget the Soros family. Over 76 billionaires currently support Kamala Harris over Donald Trump. One must ask – WHY? Gates has a very clear and sinister motive that no one wants to see carried out. Truly astonishing that the Democrats still position themselves as the class of the working man (or genderless taxpayer).
Posted originally on Oct 24, 2024 By Martin Armstrong |
The Internal Revenue Service (IRS) released new tax bracket information for 2025. Most tax thresholds increased by 2.8% compared to 2024. The report, released ahead of the election, claims these changes will prevent “bracket creep” where inflation propels taxpayers into higher brackets. However, the tax breaks imposed under former President Donald Trump come to an end after 2025 if no action is taken and this could be the lowest tax season for many years to come.
The bottom 10% level now applies to those earning up to $11,925 for single filers and $23,850 for married couples filing jointly. The top 37% rate covers incomes over $626,350 for single filers and $751,600 for married couples filing jointly. The standard deduction has risen to $15,000 for single filers, up from $14,600 in 2024, while married couples can claim $30,000, up from $29,200.
The 2.8% modification for 2025 is less than the inflation adjustments made in recent years when we saw an adjustment of 5.4% in 2024 and 7.1% for 2023.
Now, the Tax Cuts and Jobs Act (TCJA) of 2017 enacted by Trump will expire next year if Congress fails to take action. If this legislation expires, we will revert to pre-2017 tax levels. The media highlights that the dreaded rich would be forced back into a 39.6% tax bracket compared to the 37% they now pay, but everyone could see a sharp rise in the money they owe Uncle Sam.
The state and local tax (SALT) deduction would also expire. This program currently places a $10,000 cap on state and local tax deductions. State and local governments would have the ability to raise taxes if this is repealed. Some agencies estimate reversing this measure would up federal revenues by $1.1 trillion over the next decade – they’re eager to destroy this provision.
A reversal of TCJA would bring standard deductions down to $16,525 for joint filers and the personal exemption rate would be $5,272. Small businesses were awarded a 0% deduction under TCJA for S-corporations, sole proprietorships, and partnerships. Twenty percent is significant for small businesses that are largely struggling to stay afloat in this economy.
Trump’s tax plan actually increased the child tax credit, doubling it from $1,000 to $2,000 not adjusted for inflation. Brookings Institute believes that repealing this measure would make the real value of this credit 25% lower than 2017 due to inflation.
Estate tax exemptions doubled under Trump’s tax plan. If this measure dies the exemption will be about $14.3 million for married couples and $7 million for individuals.
The government will become more totalitarian as it sees costs rise significantly in the face of war. Per usual, the people of the United States will be expected to foot the bill. The last revolution began through taxation. It is a matter of time before we see how the next one begins.
Marginal tax brackets for tax year 2025
Single filers
The table shows the income brackets for married couples filing jointly for the 2025 tax year.
Taxable income
Tax rate
$11,925 or less
10%
$11,926 to $48,475
$1,192.50 Plus 12% of amount over $11,925
$48,476 to $103,350
$5,578.50 Plus 22% of amount over $48,475
$103,351 to $197,300
$17,651 Plus 24% of amount over $103,350
$197,301 to $250,525
$40,199 Plus 32% of amount over $197,300
$250,526 to $626,350
$57,231 Plus 35% of amount over $250,525
$626,351 and above
$188,769.75 Plus 37% of amount over $626,350
Source: IRS
Marginal tax brackets for tax year 2025
Married filing jointly
The table shows the income brackets for married couples filing jointly for the 2025 tax year.
Posted originally on the CTH onOctober 23, 2024 | Sundance
This USA collaborative pearl-clutching between the Defense Department and their media stenographers is laughable, at best.
Before getting to the crux of their story also remember the U.S conducts joint military training operations with dozens of nations, including NATO. Additionally, Ukraine military have been training in the United States for almost two years {Citation Link}. Also, the U.S and U.K have official and unofficial “advisors” and intelligence operatives on the ground in Ukraine; they have been there for three years.
Secondly, Russia and North Korea share a border (Rajin). Third, this is NOT about Ukraine, although Secretary Lloyd Austin has to pretend not to know this (emphasis mine).
Associated Press – Defense Secretary Lloyd Austin confirmed Wednesday the U.S. has evidence that North Korean troops are in Russia. “What exactly they’re doing” remains to be seen, Austin told journalists while in Rome, Italy. “These are things that we need to sort out.”
Ukraine and South Korea have warned that North Korean soldiers have traveled to Russia for training ahead of planned deployment to fight on battlefields in eastern Ukraine and western Russia.
Austin said Wednesday that the U.S. would “continue to pull this thread” to establish whether Pyongyang can be considered a co-belligerent in the conflict. “That is a very, very serious issue and it will have impacts not only in Europe, it will also impact things in the Indo-Pacific as well,” Austin warned. (read more)
Chairman Xi Jing Ping does not want President Donald Trump to win the election because Chairman Xi knows President Trump is the only person who can stop China from taking Taiwan without a single U.S. troop being involved.
If China were to move on Taiwan, President Trump would immediately and forcefully declare an economic war and shut down 100% of all Chinese imports including any imports/exports from their transnational shipping alliances. It’s not even a question, and Xi knows this.
Beijing is cunning panda. North Korea is a proxy province to China. Chairman Xi knows how to play the USA political pretending game against our interests. Secretary Lloyd Austin obliquely states the reality of why Chairman Xi would want Chairman Kim Jong Un to support the training of DPRK troops when he says, “it will also impact things in the Indo-Pacific as well. Duh, that’s the primary purpose, not an ancillary result.
If China moves against Taiwan, they will do so using troops from the DPRK military. This is why Beijing has been supporting long-range missile placements in North Korea for several years and conducting exercises therein. President Trump is the only leader in the USA who has leveraged the brutal honesty of the situation to forcibly strain the ties that bind Beijing with Pyongyang. Trump can do it again with increased intensity this time.
If President Trump does not win the November election, Chairman Xi will take full control over Taiwan. That’s the benefit of keeping the USA tied up in Ukraine, and that’s the undiscussed and unadmitted, non-pretending reality of the situation.
Lastly, if NATO decides to remove the word “proxy” from the pretense and put USA/U.K. troops openly on the ground in Ukraine, there will be more than just China and North-Korea in the Russian corner. Watch: Moldova, Syria, Serbia, Belarus and beyond.
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