In 2018 under Trump's tax plan, How your tax bracket could change ?

• Tax reform under President Donald Trump could lead to new tax brackets in 2018.
• The House Republicans' tax plan proposes simplifying the current seven tax brackets down to four.
• The Senate Republicans' tax plan proposes keeping seven, but changing the income ranges.
• Both plans propose eliminating the personal exemption and increasing the standard deduction.

House and Senate Republicans have taken two different approaches in their attempt to overhaul the US tax code by releasing separate proposals with sweeping changes.
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Last week, House GOP leaders unveiled the " Tax Cuts and Jobs Act ," before adding last minute-adjustments this week . Senate Republicans, meanwhile, debuted their own attempt at tax reform on Thursday, containing some substantial departures from the House's version.

Under the House plan, federal income-tax brackets would be simplified down to four from the seven we have today. The federal income brackets proposed are: 12%, 25%, 35%, and 39.6%.

The Senate Republicans' version would keep seven brackets, but at slightly lower rates and adjusted income ranges. The tax brackets proposed under the plan are: 10%, 12%, 22.5%, 25%, 32.5%, 35%, and 38.5%.

Business Insider put together two charts showing what we know so far about how both the House's tax plan and the Senate's tax plan could change the federal income-tax brackets in 2018 compared to 2017 tax brackets.
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First, for single filers:

And second, for joint filers:

Most Americans - about 70% - claim the standard deduction when filing their taxes. For those who do, their paychecks will almost certainly increase if either the House or Senate tax plan passes.

In 2017, the standard deduction for a single taxpayer is $6,350, plus one personal exemption of $4,050.

The House proposal essentially combines those into one larger standard deduction for 2018: $12,200 for single filers and $24,400 for joint filers. Under the Senate proposal, these would be slightly lower at $12,000 for single filers and $24,000 for joint filers.
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Wikipedia Warns That SESTA Could Destroy Wikipedia

So much of the debate about SESTA has focused on three companies: Backpage, Facebook and Google. The focus on Backpage was because it's the go to example for why some claim this bill is needed (even though Congress passed another law two years ago to target Backpage, and that law has never been used, and even though there's already a federal grand jury investigating Backpage and there's nothing that stops the DOJ from going after Backpage under federal law). The focus on Facebook and Google is a bit more nebulous, but could be summed up as: "those companies are too big and should do more to stop bad stuff happening online." 
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There's a pretty easy path from "Section 230 of the Communications Decency Act says internet platforms aren't responsible for what their users do" to "we need them to be more responsible" to "let's amend CDA 230." This line of thinking is problematic for any number of reasons that we've already discussed, so I won't go over them again now.

But, as we've tried to explain, SESTA doesn't just impact Backpage, Facebook and Google. Indeed, Facebook and Google are uniquely positioned to handle the burdens (bogus takedowns, trollish threats, baseless litigation) enabled by SESTA. We've already shown how SESTA leaves small sites like our own at tremendous risk (and we're still waiting for anyone -- but especially the bill's authors -- to explain how we avoid that risk), but lots and lots of other sites will be impacted as well.

Take Wikipedia for example. The Wikimedia Foundation has published an excellent article describing how Wikipedia only exists because of CDA 230 and how it creates the space for a site driven entirely by its userbase to exist. More importantly, the article, by Wikimedia's Leighanna Mixter, details three ways in which SESTA puts Wikipedia at serious risk by upsetting the careful balance created by CDA 230. And here's where it's important to remind people that CDA 230 actually does two things. 

Many of its largest critics, incorrectly, think that all CDA 230 does is give websites a free pass to ignore everything that happens on their platform. But it also encourages sites to moderate activity that they don't want on their platform by noting that they don't lose their immunity in doing some forms of moderation. It's this part of CDA 230 that gets less attention, but is potentially more important. And yet SESTA rips that apart. That leads to Wikimedia's first concern:

1. Website operators need freedom to review content without legal risks

The fundamental goal of Section 230 is to keep the internet free and safe by encouraging operators to host free expression and remove problematic content without the disincentive of possible lawsuits.
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SESTA introduces a vague standard for website operators that expands liability for “knowing” support of certain criminal activity. This will encourage websites to avoid gaining knowledge about content (to avoid liability) instead of actively engaging in content moderation.

The post then drills down (as we have) to explain why the knowledge standard in SESTA (even as updated) leaves Wikipedia in serious danger. Because Wikipedia is maintained by thousands upon thousands of volunteers -- what will constitute "knowledge" of illegal behavior. If one of the volunteers comes across links to sex trafficking and fails to remove them, does that mean all of Wikipedia has "knowledge"? Do all editors of Wikipedia now need to be deputized to respond to sex trafficking issues? Does Wikipedia need to stop allowing volunteer editing (its entire basis of existing) and switch only to paid editors?

A second problem with SESTA is how it opens up any web platform to a whole variety of state laws that smaller sites are unlikely to be able to follow and understand (and which can change over time).

SESTA would amend Section 230 to allow, for the first time, civil and criminal liability for websites under state law as well as federal law in cases where the federal sex trafficking law has also been broken. This improves upon an earlier version of the bill, which would have allowed for much broader liability under state law. Website operators should not have to monitor and attempt to comply with differing laws in all 50 states. Doing so would require substantial time and resources just to stay aware of new laws and ensure compliance, which would be particularly difficult for a small company or nonprofit like the Wikimedia Foundation. It also would put operators in an impossible bind if two states passed laws with contradictory requirements.
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Finally, perhaps the biggest concern is how SESTA opens up smaller sites to what's likely to be myriad new lawsuits, in part because people will be testing the contours of the new law, but also because the standards in the law are so vague. Again, Facebook and Google can handle themselves when faced with lawsuits. Smaller sites? Not so much. As we expressed in our earlier post, small sites like our own and other individually owned blogs will have tremendous difficulty dealing with frivolous lawsuits under the law, but even Wikipedia notes that this would be very damaging.

When plaintiffs target online speech, they often go after the website, not the speaker. It can be difficult to track down individual users, and suing a website may appear to be more lucrative. For two decades, Section 230 has protected websites with a shield from civil liability for user-created content. Critically, Section 230 does not prevent websites from being held responsible for their own actions — websites that are directly involved in illegal activities can already be prosecuted by the Department of Justice. However, SESTA would open up websites to more liability under federal and state law, likely resulting in increased litigation. Some of these lawsuits will be legitimate responses to improper conduct by websites; others may simply target the website over the speaker as an easier way to attack online speech. Even if these lawsuits are meritless, getting them dismissed demands significant time and resources.

Small internet companies, startups, and nonprofit websites like the Wikimedia projects lack the resources to defend against a flood of lawsuits. Websites shouldn’t be sued into the ground, or afraid to even launch, simply because of holes in Section 230’s protections. Any amendments to Section 230 must take into account their effects not just on large, well-funded tech companies, but on startups and nonprofit organizations as well.
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For many people supporting SESTA, the discussion seems to start and end with "sex trafficking is bad, this bill says it targets sex trafficking and therefore it's good" (and maybe with a touch of "if it hurts big internet companies, that's fine, they deserve it.") But, the impact of SESTA goes way beyond that (not to mention it doesn't actually do anything to stop sex trafficking and could make the problem worse). It's good to see Wikimedia speak up -- and hopefully someone in Congress will finally start to understand why SESTA is such a bad bill.

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Wife of Texas gunman Kelley describes abuse and death threats

Tessa Brennaman was Devin Kelley's first wife

The ex-wife of Texas church gunman Devin Kelley has said he subjected her to abuse and violence, and threatened to kill her and her entire family.

Kelley "had a lot of demons or hatred inside of him", said Tessa Brennaman, 25, in an interview with CBS News.

The former US Air Force airman pleaded guilty in 2013 to hitting, choking and kicking Ms Brennaman, and to fracturing the skull of her young son.

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He was sentenced to a year in military prison and demoted over the incident.

In her first interview since Kelley shot and killed 26 people at the First Baptist Church in Sutherland Springs, Texas on 5 November, Ms Brennaman described how he once threatened to kill her for getting a speeding ticket.

"He had a gun in his holster right here and he took that gun out and he put it to my temple and he told me, 'Do you want to die? Do you want to die?'" she said.

Kelley also wounded 20 people in the shooting. Outside the church, he dropped the military-style AR-15 rifle he used in the massacre and drove away from the scene in his truck, pursued by two locals, before shooting himself dead with a handgun.

Kelley had been banned from buying or owning a gun after his domestic violence conviction but his conviction "was not entered into the National Criminal Information Center database", the Air Force revealed in the wake of the shooting.

People with domestic violence convictions are barred from owning firearms, but laws, which vary from state to state, are beset by loopholes and lack of enforcement.

Gun safety campaign group Every Town For Gun Safety found that in 54% of the 156 mass shootings between 2009 and 2016, the victims were current or former intimate partners or other family members.
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More than 50 women in the US every month are killed by former partners, according to data compiled by Everytown, and the presence of a gun in a domestic violence situation makes it five times more likely that a woman will be killed.

Devin Kelley killed 26 people at the First Baptist Church in Sutherland Springs

Devin Kelley's brushes with the law and the military

A series of legal troubles began in 2012 when he was court-martialled and sentenced to a year in military prison for assaulting his wife and child

In the same year Tessa Kelley filed court papers to divorce Kelley, with her wish being speedily granted. There were no children listed in the proceedings

After his jail term ended in 2014, Kelley was demoted in rank and released from the military with a bad conduct discharge

In August 2014 he again appeared in court - this time charged with mistreating, neglecting or being cruel to animals. The case was eventually dismissed
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US President Trump and Putin 'agree to defeat IS in Syria'

The two men were seen chatting as they joined a larger group shot of attendees at the summit

US President Donald Trump and Russia's Vladimir Putin have agreed to fight so-called Islamic State (IS) in Syria until its defeat, the Kremlin says.

It said a statement was prepared by experts after the leaders met briefly on the sidelines of an Asia-Pacific summit in Vietnam on Saturday.

In total, the two leaders had three encounters within 24 hours at the summit in the port city of Da Nang.

There has been no official confirmation from the US about the statement so far.

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A meeting between President Trump and Vladimir Putin had been widely expected at the Asia-Pacific Economic Co-operation (Apec) summit, but few details have emerged.

The pair met for the first time in July at the G20 summit in the German city of Hamburg.

Questions over Donald Trump's ties to Moscow have dogged his presidency, with key former aides under investigation for alleged collaboration with Russian interference in the 2016 election. The Kremlin has denied the allegations.

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The two stood side by side in matching shirts for a group photo on Friday

While there was no official comment from the White House, a statement released by the Kremlin on Saturday said the leaders had "agreed that the conflict in Syria has no military solution".

They also confirmed their "determination to defeat Isis [another term for IS]" and called on all parties to take part in the Geneva peace process.

According to Russia's Interfax news agency, they promised to maintain existing Russian-US military channels of communication to prevent "serious incidents involving the forces of partners combating IS".

Russia has been the Syrian government's main ally in the six-year long civil war. The US meanwhile has been backing Syrian Arab and Kurdish rebels on the ground, and since 2014 it has led a coalition carrying out air strikes against IS in Syria.
INTERACTIVE Slide the button to see how the area IS controls has changed since 2015 2017 Area controlled by Islamic State group at the end of October 2017 2015 Area controlled by Islamic State group in January 2015


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The jihadist group has been pushed out of its main strongholds in Syria in recent months by a combination of offensives involving the Syrian army and the Kurdish and Arab coalition.

Last month the US-backed Syrian Democratic Forces (SDF) declared they were in full control of Raqqa, a city that became the headquarters of IS's self-styled "caliphate" in 2014.

Mr Trump and President Putin posed side by side for a photo in custom-made blue shirts for the summit on Friday. They also shook hands as leaders sat down for talks on Saturday morning and later exchanged a few words before a "family photo" of attendees.

Vladimir Putin (L) and Donald Trump had kept the world guessing about whether they would formally meet in Vietnam

Russian Foreign Minister Sergei Lavrov also met his US counterpart Rex Tillerson earlier the same day, a source from the Russian delegation told Interfax news agency. The Kremlin said the two had co-ordinated the statement on Syria especially for the meeting in Da Nang.

Questions over whether the two leaders would formally meet or not were raised after conflicting statements from the White House and the Kremlin on Friday.
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Paradise Papers Complete Details Explained: Offshore assets of Apple, Queen Elizabeth II, others exposed in historical data leak

The bombshell Paradise Papers are reportedly implicating key members of the Trump administration. Watch the video to find out the major players and how the papers could impact them

On Nov. 5, one of the largest data leaks in history revealed the offshore endeavors of some of the world’s most influential people. Here’s what you need to know about the Paradise Papers, so named because many of the offshore assets are held in tropical places like Bermuda.

What are they?

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The Paradise Papers refers to a trove of 13.4 million documents that expose the offshore assets of some of the world’s biggest companies such as Nike, Apple, and Uber. The documents also detail the offshore assets of many high-profile figures, including Queen Elizabeth II, singer Madonna, and Secretary of Commerce and billionaire Wilbur Ross.


The leak, which is one of the biggest in history and comes about 18 months after the Panama Papers leak, exposes how these companies and individuals “avoid taxes through increasingly imaginative bookkeeping maneuvers,” according to the International Consortium of Investigative Journalists, a global network of more than 200 investigative journalists in 70 countries who collaborate on in-depth investigative stories, according to its website, which has access to the documents.

Most of the leaked files come from an offshore legal firm called Appleby, which was founded in Bermuda but has offices in Hong Kong, the Cayman Islands, Shanghai, and other locations. The firm is a part of an informal group of the world’s leading offshore law practices, according to ICIJ.

In a statement after the documents were leaked, Appleby said it was “satisfied that there is no evidence of any wrongdoing,” adding that it is “subject to frequent regulatory checks, and we are committed to achieving the high standards set by our regulators.”

How were they leaked?

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A German newspaper called Süddeutsche Zeitung first obtained the leaked documents from an unnamed source. But given the size of the leak and everything they entail, the news outlet later shared them with ICIJ.

Some of the world’s biggest news outlets -- like the New York Times, the Guardian,  the BBC, and more -- also have access to the documents because they are partnered with the ICIJ.

What do they entail?

Wilbur Ross has stake in a shipping company called Navigator Holdings, the documents reveal.  (The Associated Press)

The Paradise Papers show the offshore assets of big-name companies and wealthy individuals.

The documents reveal that Queen Elizabeth II, for example, has millions of dollars invested in offshore holdings in the Cayman Islands and Bermuda, according to the ICIJ.

In a statement to the BBC, a spokesperson for the Duchy of Lancaster, the Queen’s private estate and portfolio, said: "The Duchy has only invested in highly regarded private equity funds following a strong recommendation from our investment consultants. We operate a number of investments and a few of these are with overseas funds. All of our investments are fully audited and legitimate,” the spokesperson said, adding that "The Queen voluntarily pays tax on any income she receives from the Duchy."

Billionaire investor Wilbur Ross divested himself of most of his business interests before he became President Donald Trump’s Commerce Secretary. But Ross still has a stake in shipping company Navigator Holdings, the documents reveal, according to the ICIJ.  Ross previously served on Navigator's board and has been a shareholder in the company since 2012, according the ICIJ. But controversy surrounding Ross’ investment sparked after it was reported that Sibur, a Russian energy company, is one of Navigator’s biggest clients.

The Paradise Papers also reveal that Queen Elizabeth II has offshore assets in the Cayman Islands and Bermuda.  (Alastair Grant/ The Associated Press)

Sibur is co-owned by Kirill Shamalov, Russian President Vladimir Putin’s son-in-law, and Gennady Timchenko a billionaire the U.S. sanctioned in 2014 because of his links to Putin, the ICIJ reported.

In a statement to Fox News, a Department of Commerce spokesperson said that the billionaire “recuses himself from matters focused on transoceanic shipping vessels, but has been supportive of the Administration’s sanctions against Russian and other entities.” 

“Secretary Ross was not involved with Navigator’s decision to engage in business with Sibur, a publicly traded company, which was not under sanction at the time and is not currently. Moreover, Secretary Ross has never met the Sibur shareholders referenced in this story and, until now, did not know of their relationship,” the spokesperson added.

But the fact Ross is tied to the Paradise Papers is “horrifying,” Brooke Harrington, a certified wealth manager and Copenhagen Business School professor who is the author of ‘Capital without Borders: Wealth Managers and the One Percent,’ told Fox News on Wednesday.

“If he were just a private citizen it would be worrying, but the fact he is of his level is horrifying,” she said. “He will make policies that protect his assets, but [negatively] affects the rest of us.”

Overall, more than a dozen Trump advisers, Cabinet members and major donors were named in the documents, according to the ICIJ.

In addition, the documents also reveal that Madonna has shares in an offshore medical supplies company, and pop singer Bono had shares in a company registered in Malta that invested in a shopping center in Lithuania, the records show, according to the ICIJ. However, the company Bono invested in reportedly closed in 2015.

A spokesperson for Bono said that the singer was a “passive, minority investor” in the company, according to the ICIJ.

Fox News cannot independently verify what the documents reveal because we do not have access to them.

Why are the Paradise Papers controversial?

Having offshore entities is often legal. But according to the ICIJ, the “built-in secrecy” of offshore entities often attracts money launderers, drug traffickers and kleptocrats.

Indeed, “there’s this place called offshore that sort of functions for finance in the same way Ashley Madison functions for sex,” Harrington said. Ashley Madison is an online dating service marketed to people who are married or in relationships. 

“The law doesn't apply to ultra rich people like it does to the rest  of us,” she said. “I called it cheating because it’s not illegal. But like infidelity, it hurts people.”

She explained that when very rich people take their assets offshore, they’re putting themselves outside the reach of laws “they don’t like.”

“If you’re rich enough you can avoid paying taxes and creditors, trade sanctions, and more --  all without technically breaking the laws,” she said, adding that some individuals who live in countries that don’t have income taxes (like Qatar and Kuwait, for example) often use offshoring for inheritance purposes as opposed to tax purposes.

"There’s this place called offshore that sort of functions for finance in the same way Ashley Madison functions for sex."
- Brooke Harrington


Offshoring is also a way for some individuals or companies to do business with Iran in light of the trade embargo, she said.

But Harrington said that when wealthy people have offshore assets, it has many economic and political repercussions for everyday citizens -- like putting a heavier burden on “honest taxpayers,” she said. She compared offshoring to a person who skips out on a bill at a restaurant, thus making everyone else’s share more expensive.  

Harrington said that the IRS once estimated that U.S. taxpayers have to pay an extra 15 percent because of the offshoring industry.

“When rich people use this system, they’re ripping us off economically,” she said. “They’re getting the benefits of society but not paying their fair share.”

While offshoring is controversial, it’s typically not illegal, she said. That’s because the asset complies with the local tax law in the country of its residence. However, those financial laws are often drafted by wealth managers to meet the need of their clients -- putting everyone else at a disadvantage.

What's more, governments of small tax havens -- like the Cayman Islands, for example -- like when wealthy people have offshore assets in their countries because it creates economic stability.

“We’re never going to win the fight in conventional way -- solutions will not come in the form of news law,” she said.

However, Harrington does predict there will be more leaks -- which, in her opinion, is good news. 

"In an industry that thrives on secrecy, a leak is worth more than 100 investigations,” she said.
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US fighter jet flies as close as possible to North Korea without 'PROVOKING WAR'

A US fighter jet pilot demonstrated just how close you can fly to North Korea without “provoking a war” with the rogue state.

North Korea sparked fears of World War 3 after ignoring international condemnation and continuing with its drive to create an arsenal of deadly nuclear weapons.
 
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US President Donald Trump is using his tour of Asia to warn despot leader Kim Jong-un against pushing on with his weapons program.

In a display of military might, a US fighter pilot flew NBC’s chief foreign correspondent along the North Korea border with South Korea.

Describing it as a “major show of force” to North Korea amid the international tension, the pilot flew around seven miles from the border.

They practised combat manoeuvres as US armed forces in the region remain on high alert and ready for the possible outbreak of World War 3.

Pyongyang has described recent exercises by US bombers as “surprise” strikes on the North, as the hermit nation offers a fiery response to the drills.

North Korea has accused Mr Trump and the US of once again heightening tensions in the region after the US President delivered a speech in South Korea.

North Korean officials said: “The United States is threatening us with nuclear aircraft carriers and strategic bombers.

“They are challenging us with the most vicious and demeaning provocations but we will counter those threats by bolstering the power of justice in order to take out the root cause of aggression and war.”

Mr Trump had warned North Korea it will face disaster unless its despot leader abandons his nuclear ambitions.

The US President said: “The weapons that you are acquiring are not making you safer, they are putting your regime in grave danger.

“Every step you take down this dark path increases the peril you face.”

Mr Trump spent two days in South Korea as part of his 12-day tour of Asia, telling Seoul’s national assembly he is ready to find a diplomatic solution to the North Korea crisis. 
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North Korea news: Deadly radiation cloud from nuclear tests spreading out of North Korea

DEADLY radiation clouds from North Korea nuclear tests are said to be spreading across the Sea of Japan having already caused swathes of issues across the hermit state. 

North Korea ignored international condemnation to continue in its attempts to create an arsenal of deadly nuclear weapons.
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LATEST || North Korea Threat: Deadly radiation clouds spreading to US allies
However, Kim Jong-un's program is having unforeseen consequences on the people of North Korea after radiation clouds from nuclear tests spread across the country.

Scores of defectors have revealed stories of ‘deformed babies, dead vegetation and contaminated water supplies’ after North Korea’s crippling nuclear test site is turning the area into a “wasteland”.

The radiation cloud causing devastation in the hermit nation is also said to be drifting across the Sea of Japan and to the Japanese islands.

Twenty-one North Korean defectors who lived in Kilju, a town close to the Punngye-ri nuclear test site, told the Research Association of Vision of North Korea of the problems caused by six nuclear tests.

One said: “I heard from a relative in Kilju that deformed babies were born in hospitals there.”

Another added: “I spoke on the phone with family members I left behind there and they told me that all the underground wells dried up after the sixth nuclear test.”

A third made an even more shocking claim that corpses had been spotted floating down a rival.

The defector said: “I personally saw corpses floating down the river with their limbs severed.”

They added local residents were also ordered to dig “deep holes for those nuclear tests”.

Other defector said Pyongyang has attempted to coverup the extent of the damage from the nuclear tests.

One said: “Kilju locals who made appointments in a large hospital in Pyongyang were not allowed to enter the capital after the sixth nuclear test.”

“People who boarded trains to the border with samples of soil, water and leaves from Kilju County were arrested and sent to prison camps,” another said.

Founder and chairman of AccuWeather Dr Joel Myers has said the radiation leaking from the test site in North Korea is now drifting across the Sea of Japan.

North Korean officials have attempted to contain the radiation but winds picking up out of the northwest are leading them to struggle, according to Dr Myers.
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