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Keyword: ira

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  • U.S. to Auction Almost 1 Million Acres Off Alaskan Coast for Oil Drilling

    11/29/2022 9:20:40 AM PST · by rktman · 26 replies ^ | 11/28/2022 | Jacob Bliss
    (No search results) The United States will auction nearly one million acres off the Alaskan coast for new oil and gas drilling in December, mandated in the so-called “Inflation” Reduction Act (IRA). The United States Bureau of Ocean Energy Management (BOEM), inside the Department of Interior, will put hundreds of thousands of acres off Alaska’s southcentral coast up for auction on December 30 for new oil and gas drilling projects. The lease sale has to be completed by the end of the year to comply with the IRA, which was added to the piece of legislation to win support from...
  • 12 States That Don’t Tax Social Security or 401(k)/IRA Retirement Income

    10/31/2022 8:12:16 PM PDT · by SeekAndFind · 38 replies
    Daily Trade Alert ^ | 10/31/2022 | Keith Speights, The Motley Fool
    Ben Franklin once said that “nothing is certain except death and taxes.” But for retirees in part of the U.S., his observation doesn’t hold up — at least with respect to income taxes at the state level.The major sources of income for many retirees include Social Security, 401(k) plans, and Individual Retirement Accounts (IRAs). In most states, at least part of this income is taxed. However, here are 12 states that don’t tax these types of retirement income.States with no income tax at all Let’s start with the states that don’t tax retirement income or any other type of income....
  • A Debt That Can Destroy a Nation

    09/14/2022 3:21:22 AM PDT · by Jacquerie · 2 replies
    Gatestone Institute ^ | September 13th 2022 | Lawrence Kadish
    For as long as there have been politics there have been deals.Of course, it is illegal to trade one's vote for cash, but those with the power to dispense patronage, projects, and promotions have a unique advantage in seeking the support of those whose endorsements can tip the balance for any given issue.It is unprecedented, however, when the stakes have become so high that these kinds of backroom deals can disrupt an election or even plunge a nation into an unrecoverable cycle of debt and economic despair.That is why the "Inflation Reduction Act of 2022" that has come out of...
  • IRS 'mistakenly' posts names, contact numbers and financial information from 120,000 taxpayers' retirement accounts on its website thanks to human coding error

    09/02/2022 2:47:22 PM PDT · by DFG · 36 replies
    UK Daily Mail ^ | 09/02/2022 | Ronny Reyes
    The Internal Revenue Service 'mistakenly' posted the names, contact data and financial information from about 120,000 taxpayers' retirement accounts. The US Treasury Department determined that a human coding error allowed the confidential information to be posted on the IRS' website before it was taken down, the Wall Street Journal reported. Among the information published were the names, contact information and finances of individuals who submitted 990-T forms regarding their IRA plans. On Friday, the Treasury assured Congress that Social Security numbers, full income information and other key pieces of financial data were not published and that those affected would be...
  • The IRS Isn’t The Only Agency Being Supersized By Democrats. ( EPA and .. )

    08/18/2022 4:28:42 AM PDT · by george76 · 12 replies
    Daily Caller News ^ | August 17, 2022 | Jack McEvoy
    The Democrats’ massive climate spending package, which President Joe Biden signed into law on Tuesday, will give over $40 billion to the Environmental Protection Agency (EPA), just as the bill allocates almost $80 billion to expand the Internal Revenue Service (IRS). The bill, dubbed the Inflation Reduction Act, includes $369 billion in total climate spending, and will give the EPA more than $40 billion in the current fiscal year to combat climate change, enforce environmental standards and secure “environmental justice,” according to a Congressional Research Service report. The EPA’s enacted budget for 2022’s fiscal year was about $9.5 billion, according...
  • Jingle Bells in His Head: Paul Krugman Monikers Biden’s Insane Climate Bill a ‘Christmas Tree’

    08/17/2022 10:08:25 AM PDT · by JV3MRC · 5 replies
    NewsBusters ^ | 8/17/2022 | Joseph Vazquez
    New York Times economics columnist Paul Krugman just stepped on another rake by likening President Joe Biden’s insane $740 billion Inflation Reduction Act to Christmas. Biden signed his eco-utopia bill into law yesterday, which allocates $369 billion in taxpayer dollars to new climate spending. Right on cue, Krugman released a new op-ed slobbering how he “wrote back in that 2019 thread, ‘If we’re going to pass anything that helps avert [climate] catastrophe, it will have to be a Christmas tree.’” Krugman’s arbitrary usage of “Christmas tree” was in reference to a “bill that offers a lot of specific payoffs to...
  • The Big Lie Failed: Just 12% of Americans Think the Inflation Reduction Act Will Reduce Inflation

    08/15/2022 12:17:39 PM PDT · by ChicagoConservative27 · 17 replies
    Breitbart ^ | 08/15/2022 | John Carney
    The Democrats named their tax and spending bill the Inflation Reduction Act, but Americans are not buying it. The law was hastily thrown together after Senator Joe Manchin (D-WV) struck a deal with Majority Leader Chuck Schumer (D-NY) to vote for a bill that would increase spending by hundreds of billions of dollars and increase taxes by even more. Although both the Congressional Budget Office and the Penn-Wharton Budget Model say the bill will do next to nothing for inflation, Democrats have been bragging that the bill is already working.
  • Biden’s cabinet hitting the road to promote Inflation Reduction Act

    08/15/2022 2:24:26 PM PDT · by conservative98 · 31 replies
    NY Post ^ | August 15, 2022 12:37pm | Callie Patteson
    Key members of President Biden’s cabinet are going on tour in a bid to promote the $737 billion energy, climate and health care legislation passed by Congress last week. As part of the “Building a Better America Tour,” Biden, Vice President Kamala Harris, Agriculture Secretary Tom Vilsack, Health and Human Services Secretary Xavier Becerra and Interior Secretary Deb Haaland will travel across the country to tout the inappropriately named Inflation Reduction Act, according to an internal memo obtained by Politico.
  • Bill Gates Calls Congressional Approval Of Inflation Reduction Act "Nothing Short Of Extraordinary"

    08/13/2022 4:40:44 PM PDT · by zeestephen · 33 replies
    Benzinga (via ^ | 13 August 2022 | Shanthi Rexaline
    The $369 billion investment, Gates said, will "spark innovation, drive job creation, and reduce energy prices and emissions." "It sets a clear example of what serious climate action looks like," the billionaire said.
  • Republican Rep. Lauren Boebert's House mic is CUT during attack claiming Democrats are 'sacrificing American families at the altar of climate change' and using the 'federal government for armed robbery'

    08/12/2022 2:45:54 PM PDT · by DFG · 27 replies
    UK Daily Mail ^ | 08/12/2022 | Nikki Schwab
    Republican Rep. Lauren Boebert had her mic cut on the House floor Friday as she blasted the Democrats' Inflation Reduction Act. 'You are sacrificing American families at the altar of climate change. You're using the power of the federal government for armed robbery,' Boebert insisted. The $370 billion bill is expected to pass the House with only Democratic votes later Friday afternoon. It includes a number of green energy and healthcare provisions and provides funding to bolster the workforce at the Internal Revenue Service. The Colorado Republican argued that encouraging inflation data was evidence that the bill didn't need to...

    08/11/2022 8:36:41 AM PDT · by silent majority rising · 27 replies
    Sultan Knish ^ | August 10, 2022 | Daniel Greenfield
    After years of Russiagate conspiracy theories about how the Russians had somehow rigged the 2016 presidential election using Facebook ads, the Senate Intelligence report awkwardly revealed that the Russian operation had focused most of its attention on black nationalists. The Senate report revealed that "most of the videos" put out by the Russian IRA troll factory on YouTube "pertained to police brutality and the activist efforts of the Black Lives Matter organization" and found that "no single group of Americans was targeted... more than African-Americans" around "race and related issues". But that was an understatement. The Russians had created their...
  • Naming it the Inflation Reduction Act was false advertising

    08/08/2022 5:15:43 AM PDT · by MtnClimber · 46 replies
    American Thinker ^ | 8 Aug, 2022 | Olivia Murray
    How anyone believed hundreds of billions in new spending was going to lower inflation is beyond me—but they’re not called ‘useful idiots’ for nothing. On Sunday, the United States Senate passed what was imprudently named the Inflation Reduction Act—with Kamala Harris breaking the tie, literally snickering as she condemned America to further economic carnage, and working-class citizens to utter financial strangulation. SNIP Interesting to note is that the mockingbird media—nothing more than a propaganda machine at the behest of the Democrat-Marxists driving the country into the ground—referred to the bill as the Inflation Reduction Act, but only until it passed....
  • Senate Democrats pass Biden’s sweeping spending and tax package...Vice President Harris served as the tie-breaking vote

    08/08/2022 5:39:18 AM PDT · by Red Badger · 44 replies
    Just The News ^ | Updated: August 7, 2022 - 9:23pm | By Madeleine Hubbard
    Article Dig In The Senate on Sunday passed the $740 billion "Inflation Reduction Act" by a 51 to 50 vote, with Vice President Kamala Harris casting the decisive, tie-breaker for Democrats. The bill has the support of the Biden administration, which claimed it would "lower healthcare, prescription drug, and energy costs," along with reforming the tax code and investing in "energy security" while reducing the deficit. It now headed to the Democrat-controlled House where it is also expected to pass – in a vote scheduled for later this week, before going to the White House for President Biden's signature. Senate...
  • The 'Inflation Reduction Act' Reduces Inflation by One-Third of a Point — Over 10 Years

    08/02/2022 1:09:12 PM PDT · by lowbridge · 37 replies
    PJ Media ^ | August 2, 2022 | RICK MORAN
    It should come as no surprise that the $739 billion “Inflation Reduction Act” doesn’t reduce inflation much at all. Moody’s Analytics chief economist Mark Zandi says that, over a ten-year period, the bill would reduce inflation by all of one-third of a percentage point. “Through the middle of this decade the impact of the legislation on inflation is marginal, but it becomes more meaningful later in the decade,” Zandi wrote. As Politico reports, “That assessment lands on the heels of another report from the Penn Wharton Budget Model — whose research is said to be favored by Manchin (D-W.Va.) —...
  • Dow is on pace for longest weekly losing streak since 1923

    05/20/2022 12:29:26 PM PDT · by JonPreston · 84 replies
    CNN ^ | CNN business | Matt Egan
    If the Dow finishes down for the week, which it is solidly on pace to do, it would be its eighth-straight weekly loss. That would be the longest weekly losing streak since 1923, according to FactSet data reviewed by LPL Financial.The long stretch of losses underscores the negative mood on Wall Street as investors grow nervous about high inflation – and what the Federal Reserve will have to do to get prices under control.
  • Nationalists eye power as N.Ireland holds 'seismic' election

    05/02/2022 5:03:19 AM PDT · by FarCenter · 11 replies
    A century after its fraught foundation, Northern Ireland looks set for a constitutional earthquake this week with the pro-Irish party Sinn Fein on course to win regional elections. Apart from periods of direct rule by London, pro-UK unionists have monopolised power ever since Britain carved out a Protestant-majority statelet in 1921, when the rest of Ireland achieved self-rule. But pollsters expect victory on Thursday for Sinn Fein, which was once the political arm of the paramilitary IRA, in polls for the devolved assembly in Belfast. The party took the deputy leadership in a power-sharing deal with unionists when Northern Ireland...
  • Kremlin-Connected ‘Troll Farm’ Organized Facebook Event To Protest Donald Trump

    10/31/2017 2:36:34 PM PDT · by ForYourChildren · 47 replies
    The Federalist ^ | 10/31/2017 | Bre Payton
    Days after Donald Trump won the presidential election in November 2016, thousands flocked to the streets of New York City to demonstrate against the president elect in a protest organized by a Kremlin-connected Facebook page called BlackMattersUS, The Hill reports. Between 5,000 and 10,000 people attended the protest organized by the Facebook page, which, according to an archived screen grab, had more than 99,000 likes.“Join us in the streets! Stop Trump and his bigoted agenda!” the Facebook event page reads for the protest, which was called “Trump is NOT my President. March against Trump.” “Divided is the reason we just fell,” it reads. “We must...
  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    12/03/2021 7:20:05 AM PST · by DUMBGRUNT · 93 replies
    Wsj ^ | 3 Dec 2021 | Laura Saunders
    According to the decision, the couple in 2015 began moving nearly $750,000 of existing retirement-plan funds, including from a MetLife annuity and 401(k), into self-directed IRAs. Then they had the IRAs purchase shares in limited-liability companies that in turn invested about $730,000 in a condominium plus gold and silver American Eagle coins. ...That left two issues for Tax Court Judge Joseph Robert Goeke to decide: whether Donna McNulty’s storage of about $411,000 of gold and silver American Eagle coins in a safe at her home was permitted under the law, and whether the couple owed stiff penalties for understating their...
  • Apple, Google, Tesla among companies accused of using child labor in Africa

    12/18/2019 9:03:44 AM PST · by yesthatjallen · 27 replies
    The Hill ^ | 12 18 2019 | Marty Johnson
    A lawsuit filed this week in Washington, D.C., alleges that some of the world's largest technology firms knowingly engaged in the usage of child labor in Africa's cobalt mines. The suit was filed by nongovernmental organization International Rights Advocates and mentions Apple, Dell, Microsoft, Tesla and Alphabet, the parent company of Google, USA Today reports. Cobalt is an essential part of rechargeable lithium batteries that power many of the electronic devices that the listed companies sell. According to the suit, two mining companies — British company Glencore and Chinese company Zhejiang Huayou Cobalt — supplied cobalt to all of the...
  • Your Retirement Funds Could Be Emboldening Communist China and Weakening America

    10/28/2021 7:55:24 AM PDT · by SeekAndFind · 12 replies
    PJ Media ^ | 10/28/2021 | Stacey Lennox
    There is a certain investment firm that has assets under management valued at nearly half the gross domestic product (GDP) of the United States. If you placed it on a list of the largest economies in the world, it would be number three, behind China and ahead of Japan. A significant portion of the funds managed by the firm belong to pension funds and other retirement plans. If you have a 401K, there is a big chance it has some of your money.The firm is called BlackRock, and every pay period when your monthly contribution goes into your retirement plan,...