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Justin Timberlake and Jessica Biel's Engagement

Added 01/10/12
5 Views

Justin Timberlake and Jessica Biel's Engagement

[LESS INFO] 5 VIEWS | ADDED 22:20:18 01/10/12
Hi I'm Sian Welby and welcome to your brand, spanking new 2012 edition of OK! Insider. She's famous for starring in Hollywood blockbusters such as 500 days of Summer but now Zooey Deschanel is hitting the small screen in a brand new TV show, New Girl. In this week's OK! Zooey talks about relating to her character, Jess, ditching the quirkiness and how she's turned up on British TV! Speaking about her New Girl character, Zooey says: I always like to think of her as a 13-year-old version of myself. She's sort of sweet and guileless and, at the same time, excitable and emotional. The star also explains: When I read this script, I just fell in love with it. We have such great writers, and I feel really lucky every week. It's one of the most fun characters I've ever gotten to play. From an American doing well in Britain, to a Brit doing well in America - - just a bit - Simon Cowell has opened up this week about missing home, and reveals his new darling... Alesha Dixon and talks long term plans to conquer America. The 52-year-old music mogul, who has been living it up in the LA with the US X Factor, suggests that he may not be staying there forever and says: I miss Britain, I miss the British public and I miss judging them. It's the year of the Olympics, it's a big year for Britain.‚ With Alesha Dixon reportedly leaving Strictly Come Dancing for Britain's Got Talent, Simon says: ‚ÄúI love Alesha. She's feisty, opinionated and knows what it's like to be both a competitor and a judge on a hugely popular TV show.‚Äù And in other news, Justin Timberlake and Jessica Biel's hopes of keeping their engagement quiet for just a little longer were dashed when Justin's own grandmother confirmed the news. He called me on Christmas Day to tell me he's engaged,‚Äô said an excited Sadie Bomar says, adding that Justin had asked her to keep quiet about the news until after the holidays. Well this counts as after the holidays doesn't it? The family love Jessie. She's a very sweet girl. Other sources close to the couple say that, after years of an on/off relationship, JT finally popped the question over the Christmas holidays on a snowboarding trip to Wyoming. He reportedly, chose the spot deliberately because he knows how much she loves the mountains. Friends of Johnny Depp and Vanessa Paradis are playing down reports that their relationship is in trouble following claims that the Pirates Of The Caribbean star is consulting with lawyers about ending their union. A source said: ‚ÄòTheir relationship is heading toward the end. They're not married but they've been together for years and have kids together so it isn't as easy as just breaking up. However, another pal says that the pair have always had a temperamental relationship and not to write them off as a couple just yet. Watch this space! That's just about it from me for this week. Don't forget to check out this week's OK! magazine - on sale now. And for the latest up to date news and gossip, get Tweeting at the address below! Bye for now.

The Free For All Ep. 28 - Coco In A Unitard 12-30-11

Added 12/31/11
2 Views

The Free For All Ep. 28 - Coco In A Unitard 12-30-11

Added 12/31/11
1 Views

There's No Mystery About Romney's Taxes and Tax Plan

Added 12/29/11
5 Views

There's No Mystery About Romney's Taxes and Tax Plan

[LESS INFO] 5 VIEWS | ADDED 21:00:06 12/29/11
Why is Mitt Romney alone among the Republican presidential candidates in refusing to release his tax returns ? And why is the former Massachusetts Governor also the only major GOP contender not calling for the complete elimination of the capital gains tax ? As it turns out, the answer - horrible political optics - is the same to both questions. Because Romney's continuing millions in annual income from Bain Capital are taxed at the 15 percent capital gains rate, Mitt already pays a much lower share to Uncle Sam than most middle class families . And if he called for changing the capital gains rate to zero, Mitt Romney would have to explain to voters why the $250 million man should pay virtually no tax bill at all . Despite his famous demand in the 1994 Senate race that Ted Kennedy release his tax returns to show he has "nothing to hide," Romney last week reiterated his own paperwork would not be forthcoming. "We don't have any current plans to release tax returns, but never say never," Romney said, adding: > "I can tell you we follow the tax laws, and if there's an opportunity to save taxes, we like anybody else in this country will follow that opportunity." Truer words were never spoken. In October, Citizens for Tax Justice estimated that the Romneys paid only 14 percent of their income in taxes . (It's no wonder Mitt opposes the " Buffett Rule .") As Time reported: > Just how much Romney pays in taxes is, for the moment, a private matter. But his income is public knowledge. In August, Romney disclosed that in 2010 he and his wife made between $1.1 million and $2.8 million in royalties, salary, speaking fees and interest, most of which was likely taxed at a marginal rate of 35%, after accounting for deductions. The Romneys made an additional $5.5 million to $37.3 million from dividends and capital gains, which is generally taxed at a much lower rate of 15%. Two weeks ago, the New York Times shed light on that "$5.5 million to $37.3 million from dividends and capital gains" that represents most of Romney's income. Though Mitt left Bain Capital in 1999, 13 years later his windfall continues uninterrupted: > In what would be the final deal of his private equity career, he negotiated a retirement agreement with his former partners that has paid him a share of Bain's profits ever since, bringing the Romney family millions of dollars in income each year and bolstering the fortune that has helped finance Mr. Romney's political aspirations... > In the process, Bain continued to buy and restructure companies, potentially leaving Mr. Romney exposed to further criticism that he has grown wealthier over the last decade partly as a result of layoffs. Moreover, much of his income from the arrangement has probably qualified for a lower tax rate than ordinary income under a tax provision favorable to hedge fund and private equity managers, which has become a point of contention in the battle over economic inequality. And that creates what Steve Benen aptly called "Romney's 'carried interest' problem." > In case anyone needs a refresher, there's a tax loophole on "carried interest" -- sometimes called "the carry" -- that taxes private equity and venture capital income at a lower, 15% rate, as compared to 35% on ordinary income. Hedge-fund managers and the Wall Street have fought tooth and nail to protect this loophole -- even after the Obama White House tried to eliminate it -- and so far, they've been successful. Which is why Mitt Romney has thus far refused to join his fellow GOP White House hopefuls in proposing the elimination of the 15 percent capital gains tax. Newt Gingrich, Rick Perry and Herman Cain all called for zeroing out the capital gains levy, which is one reason why their tax plans represent such a huge windfall for the wealthy . (Their support for a flat-tax is another.) The Washington Post explained why for the rich that would be "better than any Christmas gift": > While it's true that many middle-class Americans own stocks or bonds, they tend to stash them in tax-sheltered retirement accounts, where the capital gains rate does not apply. By contrast, the richest Americans reap huge benefits. Over the past 20 years, more than 80 percent of the capital gains income realized in the United States has gone to 5 percent of the people; about half of all the capital gains have gone to the wealthiest 0.1 percent. For his part, Romney has proposed reducing the capital gains tax rate only for the first $200,000 in income. But as ThinkProgress pointed out, Romney's claim that "The people in the middle...I focused my tax cut right there" is preposterous: > Romney may think he focused his tax cut on the middle-class, but according to a ThinkProgress analysis of Tax Policy Center data*, nearly three-fourths of households that make $200,000 or less annually would get literally nothing from Romney's tax cut, due to the simple fact that most of those households have no capital gains income. But while Mitt Romney didn't want to create the appearance of slashing most of his own tax bill, that doesn't mean his proposals wouldn't produce a massive payday for his own and other rich families while piling up yet more debt. Romney's 59-point economic plan calls for extending the Bush tax cuts, ending the estate tax and reducing corporate taxes. The result, as ThinkProgress explained: > Romney's tax plan includes a $6.6 TRILLION giveaway to corporations and the wealthiest Americans. Meanwhile, Romney's Medicaid cuts are even more draconian than the ones in Paul Ryan plan. Both of their plans end also end Medicare, naturally. Still, in an interview last weekend the reliably Republican Wall Street Journal wondered why Romney had been so "timid" compared to his rivals. In a rare moment of candor, Mitt revealed that his real preferences would make for very bad politics: > What about his reform principles? Mr. Romney talks only in general terms. "Moving to a consumption-based system is something which is very attractive to me philosophically, but I've not been able to sufficiently model it out to jump on board a consumption-based tax. A flat tax, a true flat tax is also attractive to me. What I like--I mean, I like the simplification of a flat tax. I also like removing the distortion in our tax code for certain classes of investment. And the advantage of a flat tax is getting rid of some of those distortions"... > Amid such generalities, it's hard not to conclude that the candidate is trying to avoid offering any details that might become a political target. And he all but admits as much. "I happen to also recognize," he says, "that if you go out with a tax proposal which conforms to your philosophy but it hasn't been thoroughly analyzed, vetted, put through models and calculated in detail, that you're gonna get hit by the demagogues in the general election." "The president," Romney complained, "will characterize anyone running for office, and me in particular, as just in there to lower taxes for rich people, and that is not my intent." Perhaps, but that's the inevitable impact. As John McCain learned in 2008 , refusing the release the details of his beer heiress wife Cindy's fortune while calling for tax policies delivering his family lottery-sized winning courtesy of the U.S. Treasury is not going to endear you to working Americans. (In Mitt Romney's case, revealing the 10 percent tithe he dutifully pays to his Mormon church probably won't endear him to the GOP's evangelical primary voters, either.) All of which explains why Mitt Romney won't release his tax returns or call for abolishing the capital gains tax, the love which dares not speak its name. Besides, Mitt Romney wants Americans to believe he's just part of the "80 to 90 percent of us" who are middle class. And, no doubt, Mitt's willing to bet you $10,000 to prove it. (This piece also appears at Perrspectives .)

There's No Mystery About Romney's Taxes and Tax Plan

Added 12/29/11
4 Views

There's No Mystery About Romney's Taxes and Tax Plan

[LESS INFO] 4 VIEWS | ADDED 21:00:06 12/29/11
Why is Mitt Romney alone among the Republican presidential candidates in refusing to release his tax returns ? And why is the former Massachusetts Governor also the only major GOP contender not calling for the complete elimination of the capital gains tax ? As it turns out, the answer - horrible political optics - is the same to both questions. Because Romney's continuing millions in annual income from Bain Capital are taxed at the 15 percent capital gains rate, Mitt already pays a much lower share to Uncle Sam than most middle class families . And if he called for changing the capital gains rate to zero, Mitt Romney would have to explain to voters why the $250 million man should pay virtually no tax bill at all . Despite his famous demand in the 1994 Senate race that Ted Kennedy release his tax returns to show he has "nothing to hide," Romney last week reiterated his own paperwork would not be forthcoming. "We don't have any current plans to release tax returns, but never say never," Romney said, adding: > "I can tell you we follow the tax laws, and if there's an opportunity to save taxes, we like anybody else in this country will follow that opportunity." Truer words were never spoken. In October, Citizens for Tax Justice estimated that the Romneys paid only 14 percent of their income in taxes . (It's no wonder Mitt opposes the " Buffett Rule .") As Time reported: > Just how much Romney pays in taxes is, for the moment, a private matter. But his income is public knowledge. In August, Romney disclosed that in 2010 he and his wife made between $1.1 million and $2.8 million in royalties, salary, speaking fees and interest, most of which was likely taxed at a marginal rate of 35%, after accounting for deductions. The Romneys made an additional $5.5 million to $37.3 million from dividends and capital gains, which is generally taxed at a much lower rate of 15%. Two weeks ago, the New York Times shed light on that "$5.5 million to $37.3 million from dividends and capital gains" that represents most of Romney's income. Though Mitt left Bain Capital in 1999, 13 years later his windfall continues uninterrupted: > In what would be the final deal of his private equity career, he negotiated a retirement agreement with his former partners that has paid him a share of Bain's profits ever since, bringing the Romney family millions of dollars in income each year and bolstering the fortune that has helped finance Mr. Romney's political aspirations... > In the process, Bain continued to buy and restructure companies, potentially leaving Mr. Romney exposed to further criticism that he has grown wealthier over the last decade partly as a result of layoffs. Moreover, much of his income from the arrangement has probably qualified for a lower tax rate than ordinary income under a tax provision favorable to hedge fund and private equity managers, which has become a point of contention in the battle over economic inequality. And that creates what Steve Benen aptly called "Romney's 'carried interest' problem." > In case anyone needs a refresher, there's a tax loophole on "carried interest" -- sometimes called "the carry" -- that taxes private equity and venture capital income at a lower, 15% rate, as compared to 35% on ordinary income. Hedge-fund managers and the Wall Street have fought tooth and nail to protect this loophole -- even after the Obama White House tried to eliminate it -- and so far, they've been successful. Which is why Mitt Romney has thus far refused to join his fellow GOP White House hopefuls in proposing the elimination of the 15 percent capital gains tax. Newt Gingrich, Rick Perry and Herman Cain all called for zeroing out the capital gains levy, which is one reason why their tax plans represent such a huge windfall for the wealthy . (Their support for a flat-tax is another.) The Washington Post explained why for the rich that would be "better than any Christmas gift": > While it's true that many middle-class Americans own stocks or bonds, they tend to stash them in tax-sheltered retirement accounts, where the capital gains rate does not apply. By contrast, the richest Americans reap huge benefits. Over the past 20 years, more than 80 percent of the capital gains income realized in the United States has gone to 5 percent of the people; about half of all the capital gains have gone to the wealthiest 0.1 percent. For his part, Romney has proposed reducing the capital gains tax rate only for the first $200,000 in income. But as ThinkProgress pointed out, Romney's claim that "The people in the middle...I focused my tax cut right there" is preposterous: > Romney may think he focused his tax cut on the middle-class, but according to a ThinkProgress analysis of Tax Policy Center data*, nearly three-fourths of households that make $200,000 or less annually would get literally nothing from Romney's tax cut, due to the simple fact that most of those households have no capital gains income. But while Mitt Romney didn't want to create the appearance of slashing most of his own tax bill, that doesn't mean his proposals wouldn't produce a massive payday for his own and other rich families while piling up yet more debt. Romney's 59-point economic plan calls for extending the Bush tax cuts, ending the estate tax and reducing corporate taxes. The result, as ThinkProgress explained: > Romney's tax plan includes a $6.6 TRILLION giveaway to corporations and the wealthiest Americans. Meanwhile, Romney's Medicaid cuts are even more draconian than the ones in Paul Ryan plan. Both of their plans end also end Medicare, naturally. Still, in an interview last weekend the reliably Republican Wall Street Journal wondered why Romney had been so "timid" compared to his rivals. In a rare moment of candor, Mitt revealed that his real preferences would make for very bad politics: > What about his reform principles? Mr. Romney talks only in general terms. "Moving to a consumption-based system is something which is very attractive to me philosophically, but I've not been able to sufficiently model it out to jump on board a consumption-based tax. A flat tax, a true flat tax is also attractive to me. What I like--I mean, I like the simplification of a flat tax. I also like removing the distortion in our tax code for certain classes of investment. And the advantage of a flat tax is getting rid of some of those distortions"... > Amid such generalities, it's hard not to conclude that the candidate is trying to avoid offering any details that might become a political target. And he all but admits as much. "I happen to also recognize," he says, "that if you go out with a tax proposal which conforms to your philosophy but it hasn't been thoroughly analyzed, vetted, put through models and calculated in detail, that you're gonna get hit by the demagogues in the general election." "The president," Romney complained, "will characterize anyone running for office, and me in particular, as just in there to lower taxes for rich people, and that is not my intent." Perhaps, but that's the inevitable impact. As John McCain learned in 2008 , refusing the release the details of his beer heiress wife Cindy's fortune while calling for tax policies delivering his family lottery-sized winning courtesy of the U.S. Treasury is not going to endear you to working Americans. (In Mitt Romney's case, revealing the 10 percent tithe he dutifully pays to his Mormon church probably won't endear him to the GOP's evangelical primary voters, either.) All of which explains why Mitt Romney won't release his tax returns or call for abolishing the capital gains tax, the love which dares not speak its name. Besides, Mitt Romney wants Americans to believe he's just part of the "80 to 90 percent of us" who are middle class. And, no doubt, Mitt's willing to bet you $10,000 to prove it. (This piece also appears at Perrspectives .)