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4 big tax breaks you may lose under GOP tax plan

4 big tax breaks you may lose under GOP tax plan

Finance
The Republican tax proposal unveiled Wednesday outlines ways that lawmakers plan to reduce what businesses and individuals pay to Uncle Sam, yet it offered few clues about how they would pay for it all.In addition to calling for a reduction in the rates that corporations and small businesses pay, the framework would double the standard deduction for individual taxpayers, repeal the alternative minimum tax and estate tax, increase the child tax credit, and collapse the current seven personal tax brackets to three, among other provisions.The cost of all this? An estimated $ 2.2 trillion over 10 years, according to the Committee for a Responsible Federal Budget. The group says $ 5.8 trillion would be lost to lower rates and other modifications, and would be offset by $ 3.6 trillion coming fro...
'All hell breaks loose' in Rohingya camps

'All hell breaks loose' in Rohingya camps

World
More than 300,000 Rohingya Muslims have fled to Bangladesh following a two-week surge in violence in majority Buddhist Myanmar, formerly Burma.Aid officials said refugee camps in the neighbouring country were reaching capacity, as fleeing Rohingyas claimed security forces and Buddhist mobs in Rakhine state had attacked them and set fire to their homes.The violence began on 25 August, when an ethnic Rohingya insurgent group attacked police posts in Myanmar and security forces retaliated.The UN has condemned what it called a cruel military operation against the minority community and said it appeared to be a "textbook example of ethnic cleansing".But the Myanmar government has dismissed the Rohingya claims, with leader Aung San Suu Kyi blaming fake news and a misinformation campaign.Foreign ...
Hyperloop pod breaks own high-speed record

Hyperloop pod breaks own high-speed record

Technology
Tests of the futuristic hyperloop transport system have managed to propel one of its pods at 355km/h (220mph).The tests establish a new record for the technology only days after a separate prototype hit 324km/h.Hyperloop puts pods in an airless tunnel and seeks to accelerate them to very high speeds to cut travel times for freight and passengers.Backers of the hyperloop idea claim that eventually the pods will travel at speeds of about 1,000 km/h.Speed racerThe idea for the version of the hyperloop transportation system currently being developed was floated in 2013 by Tesla boss Elon Musk. This week saw the first tests of prototype carriages or pods on a one mile long test track near Los Angeles. A pod made by a German student team came top in this competition. In an Instagram post, Mr Mus...
Stephanie Davis breaks silence amid 'missing' concerns

Stephanie Davis breaks silence amid 'missing' concerns

Entertainment
Close pals of the former Celebrity Big Brother babe are said to be growing concerned as they have failed to track her down.The Hollyoaks actress, who has gone through a tumultuous time with ex Jeremy McConnell lately, is said not to have a working phone.The mum-of-one has apparently not been in touch with her nearest and dearest to let them know she is okay.A source said: "Friends are increasingly concerned about Steph, she has gone off the radar and isn't answering anyone's calls.GETTY IMAGESMISSING: Pals have spoke about their concern over StephINSTAGRAMTUMULTUOUS: The star recently went through a tough court case with ex Jeremy McConnell “We just want Steph to keep in touch” Insider"Everyone thinks she is ignoring everybody and is fine, but for some reason she d
Mayweather vs. McGregor: Study breaks down earnings, social reach for fight

Mayweather vs. McGregor: Study breaks down earnings, social reach for fight

Sports
Aug. 30 (UPI) -- A new study revealed that Floyd Mayweather made $ 59,347 per second for his fight against Conor McGregor and many other interesting statistics from the bout.Casino.org released the study, using the guaranteed purse figures released on the morning of the fight. The Casino.org team broke down the earnings by second, minute and punches thrown. The fight statistics were taken from Showtime's Shoe Stats.Mayweather had an estimated $ 100 million purse from the fight, while McGregor pulled in $ 30 million. The fighters pulled in additional dollars from promotional revenue.While Mayweather won the fight, moved to 50-0 as a boxer and earned nearly $ 60,000 per second fought, McGregor cashed in for $ 17,804 per second in the fight. "Money" earned more than $ 3.5 million per minute w...