Trump unveils ‘ biggest tax cut in history’
A DIARY kept by a young John F. Kennedy during his brief stint as a journalist after World War II in which he reflected on Hitler has sold to a collector in Boston for $ 960,000, far exceeding the pre- sale estimate of $ 267,000. The 61- page diary is mostly typed, but includes 12 handwritten pages from 1945 when the 28- year- old Kennedy was a correspondent for Hearst newspapers and travelled through Europe. Kennedy, who served as the 35th US president from January 1961 until he was assassinated in Dallas in November 1963, wrote that Hitler “had in him the stuff of which legends are made”. AN entire English village with a 21- bedroom mansion, 43 houses and a pub has been sold for $ 34 million. West Heslerton in North Yorkshire was owned by the same family for 150 years, but was put on the market this year after its final owner died. Eve Dawnay, who had no single heir, inherited the estate in 1964 and died five years ago aged 84. The village of a few hundred people has been snapped up by real estate and farming investment firm Albanwise. It includes more than 800ha of farmland and a community petrol station. JOHNNY Depp’s former business team is calling the star “a habitual liar” after Depp said his one- time managers “clearly let him down”.
Depp sued The Management Group in January for more than $ 25 million, charging fraud and negligence.
The Management Group countersued, saying Depp spent lavishly on homes, private jets, art and memorabilia, despite its warnings.
A spokesman for The Management Group said Depp was a “habitual liar who denies responsibility for his own outrageous conduct and coerces others to lie for him”.
They alleged Depp’s lifestyle was costing more than $ 2 million a month. The lawsuit said Depp paid more than $ 75 million to buy and maintain 14 homes, including a French chateau and a chain of islands in the Bahamas.
Depp responded to the claim by saying “it’s my money”.
“If I want to buy 15,000 cotton balls a day, it’s my thing,” he said.
Legal action between the two is continuing.
Depp’s latest movie in the Pirates of the Caribbean franchise — Dead Men Tell No Tales — will premiere in Shanghai next month. DONALD Trump has proposed sweeping tax reforms — by his reckoning, “the largest in the history” of the United States.
The President wants to cut the number of tax brackets, abolish death tax, eliminate most tax deductions for individuals — and slash corporate tax to 15 per cent. The top income tax rate would fall from 39.6 to 35 per cent, and personal income tax brackets would drop from seven to three: 10, 25 and 35 per cent.
The plan also would double the standard deduction for married couples to $ 32,124, while keeping deductions for charitable giving and gage interest payments.
It would also repeal the estate tax, the catch- all alternative minimum tax and the 3.8 per cent tax on investment income from President Barack Obama’s health care law.
US Treasury Secretary Steven Mnuchin said there was mort- fundamental agreement Congress on the reforms.
“This will pay for itself with growth,” he said. “We will have a lower debt to GDP ratio and see trillions of dollars in additional revenues.”
Mr Trump’s plan is alarming politicans concerned about ballooning federal deficits. with