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- 2024 Election Interference
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- Satan’s War On People Of Faith Is Still Raging!
- Biden Administration Crushes Religious Freedom and the 1st Amendment by Banning Religious Symbols and Religious Themes at Annual Easter Egg Roll at the White House on Monday
- Mr. Howell Clyborne of Integral Leaders in Health will be First Monday's Speaker April 8th at 12 noon at the Poinsett Club
Financial
State Corporate Income Tax Rates and Brackets, 2024
- By Tax Foundation
Key Findings
- Forty-four states levy a corporate income tax. Top rates range from a 2.5 percent flat rate in North Carolina to a 9.8 percent top marginal rate in Minnesota.
- Four states—Alaska, Illinois, Minnesota, and New Jersey—levy top marginal corporate income tax rates of 9 percent or higher.
- Twelve states—Arizona, Arkansas, Colorado, Indiana, Kentucky, Mississippi, Missouri, North Carolina, North Dakota, Oklahoma, South Carolina, and Utah—have top rates at or below 5 percent.
- Nevada, Ohio, Texas, and Washington impose gross receipts taxes instead of corporate income taxes. Delaware, Oregon, and Tennessee impose gross receipts taxes in addition to their corporate income taxes. Some localities in Pennsylvania, Virginia, and West Virginia likewise impose gross receipts taxes, which are generally understood to be more economically harmful than corporate income taxes.
- South Dakota and Wyoming are the only states that levy neither a corporate income nor gross receipts tax.
Corporate income taxes are levied in 44 states. Though often thought of as a major tax type, corporate income taxes accounted for only 7.07 percent of state tax collections and 3.32 percent of state general revenue in fiscal year (FY) 2021. And while these figures are not high, they represent a substantial increase over prior years. Corporate income taxes accounted for 2.27 percent of general revenue in FY 2020, which is more in line with historical norms.
- Hits: 580
Ban a Central Bank Digital Currency in South Carolina
- By The John Birch Society
South Carolina lawmakers are seeking to enact legislation banning Central Bank Digital Currencies (CBDCs) in the state.
House Bill 4373 (H.4373) is sponsored by Representative Kathy Landing (R-Mount Pleasant) and 20 other representatives. Meanwhile, House Bill 4442 (H.4442) is sponsored by Representative Bill Taylor (R-Aiken), Senate Bill 834 (S.834) is sponsored by Senator Tom Corbin (R-Travelers Rest) and two other senators, and Senate Bill 861 (S.861) is sponsored by Senator Shane Martin (R-Spartanburg).
If enacted, H.4373, H.4442, S.834, and S.861 would amend the state’s definition of money, found in the South Carolina’s Uniform Commercial Code, to exclude CBDCs — regardless of whether they are “issued by the United States Federal Reserve System, a federal agency, a foreign government, a foreign central bank, or a foreign reserve system.” The bill would also ban banking corporations from engaging in transactions involving CBDCs. This would effectively ban them within South Carolina.
- Hits: 881
Ban a Central Bank Digital Currency in South Carolina — Support H.4373
- By The John Birch Society
ACT NOW: South Carolina lawmakers are seeking to enact legislation banning Central Bank Digital Currencies (CBDCs) in the state.
House Bill 4373 (H.4373) is sponsored by Representative Kathy Landing (R-Mount Pleasant) and 20 other representatives.
If enacted, H.4373 would amend the state’s definition of money, found in the South Carolina’s Uniform Commercial Code, to exclude CBDCs — regardless of whether they are “issued by the United States Federal Reserve System, a federal agency, a foreign government, a foreign central bank, or a foreign reserve system.” The bill would also ban banking corporations from engaging in transactions involving CBDCs. This would effectively ban them within South Carolina.
- Hits: 1334
Stop Digital Currency Tyranny – Enact H.R. 1122
- By The John Birch Society
ACT NOW: Members of Congress are seeking to enact legislation to prevent the Federal Reserve from issuing a digital currency, which would decimate personal privacy and implement a full-fledged surveillance state.
H.R. 1122, titled the “CBDC Anti-Surveillance State Act,” is sponsored by Representative Tom Emmer (R-Minn.) and cosponsored by nine other representatives. If enacted, this bill would ban the creation of a Central Bank Digital Currency (CBDC); for example, it states:
- Hits: 1146
Amid Recession Fears, Americans Expected to Step Up Charitable Giving
- By DickersonBakker
Americans 'pessimistic' about economy, but charitable giving to 'remain steady or increase' in 2022, suggests new study by DickersonBakker
RALEIGH, N.C. -- Americans are "very pessimistic" about the economy, but the nation's nonprofit organizations look set to ride out the storm as donors focus on the greater good, a new nationwide research study suggests.
"Despite widespread donor pessimism about the economy, it does not appear that donors intend to significantly reduce their charitable donations this year," says the annual Donor Insight Study by nonprofit consultancy firm DickersonBakker (www.DickersonBakker.com). The national online survey of 2,358 largely faith-based donors took place mid-year.
- Hits: 1340
Stop Digital Currency Tyranny with H.R. 6415 and S.3954
- By The John Birch Society
URGENT; ACT NOW: On September 16, the Treasury Department officially recommended that the U.S. federal government explore the creation of a digital currency. This is a major step toward such a radical action, and it follows Biden’s March 2022 executive order that also does this. The Treasury Department and the Federal Reserve would likely work together to create this tyrannical digital currency. More than ever, it’s necessary for Congress to enact S. 3954 and H.R. 6415, to ban such an action — contact your U.S. representative and senators to do this!
- Hits: 1232
Size Does Matter
- By Anne Schlafly Cori, Chairman, Eagle Forum
In a centrally planned economy, all outcomes are the same and consumer demand is meaningless. You want two-ply toilet paper? Sorry, this month we only produced one-ply. Even though the principles of capitalism are obvious, even capitalists are tempted to join the communists and proclaim their belief in equality of outcomes.
Last year, Old Navy clothing company made a bold announcement: all the same products at all the same price — regardless of size. It has been a disaster. Under the banner of "inclusivity", Old Navy removed their petites and plus-size departments, and then offered every pattern in all sizes from XS to 4X. Clothing cannot be easily sized up or sized down and still look attractive. Old Navy sold out its middle sizes, but since they made each and every size for all their stores to display, they were left with quantities of tiny and large clothing — which were comically offered at all the same price. The demands of Equity do not allow for fashion. Under communism, you must wear what the factory produces.
- Hits: 1456