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Critical News
Headlines -- End Times
1. The Cutting
Edge accountant previews the TRUTH about the Tax Reform
Act, popularly known as the "Tax Cuts and Jobs
Act" (TCJA).
Now, you will
not have to listen to "Fake News" about this
tax reform.
2. Warren Buffett
predicted "generations to come" of ever-increasing
prosperity!
That prosperity
is already underway!
God foretold that
He would judge America at the height of her financial
prosperity!
NEW
DVD IN OUR GENESIS SERIES - Volume 2
Shipping Now
Amidst
God's dazzling and resplendent new creation called the
'Heavens and the Earth', created specifically for the
happiness and joy of His really special creation, Adam
and Eve, Satan suddenly launched a vicious war against
man.
And, Satan knew exactly
where to strike. Taking the form of a Serpent, Satan
spoke gracious words to an innocent, gullible Eve. He
convinced her that God REALLY did not mean what He said
when he told Adam that they could not eat of the fruit
of the Tree of Knowledge and Evil, and then Satan painted
such a wonderful word picture of the fruit that Eve
simply had to try it.
Satan must have been howling
with glee as he witnessed God changing the nature of
Adam and Eve to where they would now be susceptible
to physical death and they would have to earn their
sustenance through hard work fighting weeds and brambles,
wild animals, dinosaurs, demons who have taken the form
of men (Nephilim, Genesis 6), paranormal activity, parallel
dimensions, and a new nature of sin and of murder.
All mankind faced a world
as frightening and dangerous as anyone could have possibly
imagined. Little did they know Satans true plan, i.e.,
to so corrupt every human being that Jesus, the Redeemer
of Mankind, would be thwarted in His plan to die on
Calvary.
Therefore, Genesis 6 reveals
that Satan flooded the world with Nephilim who mated
with human wives, producing a new creation that was
no longer purely human, but mixed with demonic DNA.
Satan's strategy was to
corrupt the human race and thus make mans redemption
impossible. But, God retaliated with a worldwide flood
that saved only one genetically pure family that will
make the gift of redemption to mankind a reality.
It is an exciting journey
that will give you basic theological truths and the
answers to may of life's most difficult questions. Please
join us as we will take one more step in our quest to
reveal how God will ultimately triumph over Satan and
empower mankind to share in the glorious victory.
Run Time 98 minutes, Only
$19.99 Order
your copy - Shipping Now
"GENESIS:
The Foundation of Our Faith - Volume 1, The War Against
God"
Regularly $24.99,
Only $19.99
If you liked Mac Dominick's Revelation
Series you will love his Genesis Teaching, because Mac
also teaches a combination of Traditional Bible exegesis
plus unique Cutting Edge understandings.
'The War Against God'
2 hours run time, Mac plans 3
DVD's in this series Watch
the trailer
What
Must I Do To Be Saved?
2
NEW BOOKLETS DESIGNED TO FIGHT OUR SOCIETY'S CURRENT
BIBLICAL DECAY
For the first
time in U.S. history, Christians in America are facing
the challenge of a majority approval of marijuana. By
September 2017, there was some form of marijuana legalization
in 29 states and the District of Columbia.
This massive change has occurred in less than fifty
years, and it is a major sign of the seismic shift occurring
in our culture a shift that should concern Christians
deeply.
What should Christians believe
and do about this distressing situation?
Practicing Satanists believe
that Marijuana is controlled by a demon named 'Jah'
and is designed to open the human mind so a demon can
enter and so a person might be more easily mind controlled
(Former Satanist, Doc Marquis)
Marijuana is truly a "Gateway
Drug"!
http://www.cuttingedge.org/detail.cfm?ID=2817
Without a watchful
and discerning heart, we are too easily deceived by
a crafty adversary. While we rejoice, praise God, give
thanks, and remain hopeful through it all, we must be
alert to the deception that is all around us. Jesus
said 'Take heed that no man deceive you.' Be watchful.
Be discerning. Keep looking up. Keep pressing on.
Christian seek not yet repose, Cast thy dreams of ease
away; Thou art in the midst of foes: Watch and pray.
Watch as if that alone were the issue of the day; Pray
that help may be sent down: Watch and pray.
( Charlotte Elliot
& William H. Monk)
Learn to discern,
Watch and pray; Night's almost here, Far spent is the
day. Learn to discern, Watch and pray; Armor on tight,
Keeping the enemy at bay. Learn to discern, Watch and
pray; Don't be deceived, Narrow is the way. If you learn
to discern, To watch and pray; Then close to Jesus You
will always stay. (Warren B. Smith)
18 pages
20
MORE BOOKLETS DESIGNED TO FIGHT OUR SOCIETY'S CURRENT
BIBLICAL DECAY
Only
$1.95 Each - See
them all
Critical
News Analysis -- End Times
1. The Cutting
Edge accountant previews the TRUTH about the Tax Reform
Act, popularly known as the “Tax Cuts and Jobs
Act” (TCJA).
January 2018 Update - Highlights of the
New Tax Reform Law
Charles Woodward III, CPA, PC
The new tax reform law,
commonly called the “Tax Cuts and Jobs Act”
(TCJA), is the biggest federal tax law overhaul in 31
years, and it has both good and bad news for taxpayers.
Below are highlights of some of the most significant
changes affecting individual and business taxpayers.
Except where noted, these changes are effective for
tax years beginning after December 31, 2017.
Individuals
• Drops of individual income tax rates ranging
from 0 to 4 percentage points (depending on the bracket)
to 10%, 12%, 22%, 24%, 32%, 35% and 37% — through
2025
• Near doubling of the standard deduction to $24,000
(married couples filing jointly), $18,000 (heads of
households), and $12,000 (singles and married couples
filing separately) — through 2025
• Elimination of personal exemptions — through
2025
• Doubling of the child tax credit to $2,000 and
other modifications intended to help more taxpayers
benefit from the credit — through 2025
• Elimination of the individual mandate under
the Affordable Care Act requiring taxpayers not covered
by a qualifying health plan to pay a penalty —
effective for months beginning after December 31, 2018
• Reduction of the adjusted gross income (AGI)
threshold for the medical expense deduction to 7.5%
for regular and AMT purposes — for 2017 and 2018
• New $10,000 limit on the deduction for state
and local taxes (on a combined basis for property and
income taxes; $5,000 for separate filers) — through
2025
• Reduction of the mortgage debt limit for the
home mortgage interest deduction to $750,000 ($375,000
for separate filers), with certain exceptions —
through 2025
• Elimination of the deduction for interest on
home equity debt — through 2025
• Elimination of the personal casualty and theft
loss deduction (with an exception for federally declared
disasters) — through 2025
• Elimination of miscellaneous itemized deductions
subject to the 2% floor (such as certain investment
expenses, professional fees and unreimbursed employee
business expenses) — through 2025
• Elimination of the AGI-based reduction of certain
itemized deductions — through 2025
• Elimination of the moving expense deduction
(with an exception for members of the military in certain
circumstances) — through 2025
• Expansion of tax-free Section 529 plan distributions
to include those used to pay qualifying elementary and
secondary school expenses, up to $10,000 per student
per tax year
• AMT exemption increase, to $109,400 for joint
filers, $70,300 for singles and heads of households,
and $54,700 for separate filers — through 2025
• Doubling of the gift and estate tax exemptions,
to $10 million (expected to be $11.2 million for 2018
with inflation indexing) — through 2025
Businesses
• Replacement of graduated corporate tax rates
ranging from 15% to 35% with a flat corporate rate of
21%
• Repeal of the 20% corporate AMT
• New 20% qualified business income deduction
for owners of flow-through entities (such as partnerships,
limited liability companies and S corporations) and
sole proprietorships — through 2025
• Doubling of bonus depreciation to 100% and expansion
of qualified assets to include used assets — effective
for assets acquired and placed in service after September
27, 2017, and before January 1, 2023
• Doubling of the Section 179 expensing limit
to $1 million and an increase of the expensing phase
out threshold to $2.5 million
• Other enhancements to depreciation-related deductions
• New disallowance of deductions for net interest
expense in excess of 30% of the business’s adjusted
taxable income (exceptions apply)
• New limits on net operating loss (NOL) deductions
• Elimination of the Section 199 deduction, also
commonly referred to as the domestic production activities
deduction or manufacturers’ deduction —
effective for tax years beginning after December 31,
2017, for non corporate taxpayers and for tax years
beginning after December 31, 2018, for C corporation
taxpayers
• New rule limiting like-kind exchanges to real
property that is not held primarily for sale
• New tax credit for employer-paid family and
medical leave — through 2019
• New limitations on excessive employee compensation
• New limitations on deductions for employee fringe
benefits, such as entertainment and, in certain circumstances,
meals and transportation
While some people will
lose some tax write-offs, the great majority will see
more money in their pockets every payday, and businesses
will benefit greatly. This point is very important,
because businesses provide the jobs to average Americans
and power our prosperity!
Now, you will
not have to listen to "Fake News" about this
tax reform.
Trailer
2. Warren Buffett
predicted "generations to come" of ever-increasing
prosperity!
NEWS BRIEF: "Warren
Buffett Shares the Secrets to Wealth in America:
Large gains in the living standards of Americans will
continue for many generations to come", by
Warren Buffett, Time Magazine, January 4, 2018
"I have good news.
First, most American children are going to live far
better than their parents did. Second, large gains in
the living standards of Americans will continue for
many generations to come."
From the beginning when
President Trump announced his plan to radically change
the way in which people have to pay taxes and to radically
reduce the tax burden on individuals and on business,
Democrats engaged in the most "Fake News"
in recent memory and maybe the most in our history.
Mass Media trumpeted that
this tax plan would kill people, would virtually destroy
the Middle Class and would enrich businesses and their
already rich owners. Unfortunately, too many people
believed this nonsense.
Let us return to this
article written by Warren Buffet:
"Today, however,
pollsters find that most Americans are pessimistic about
their children’s future ... In 25 years–a
single generation–1.2% annual growth boosts our
current $59,000 of GDP per capita to $79,000. This $20,000
increase guarantees a far better life for our children."
"In America, it should
be noted, there’s nothing unusual about that sort
of gain, magnificent though it will be. Just look at
what has happened in my lifetime. I was born in 1930,
when the symbol of American wealth was John D. Rockefeller
Sr. Today my upper-middle-class neighbors enjoy options
in travel, entertainment, medicine and education that
were simply not available to Rockefeller and his family.
With all of his riches, John D. couldn’t buy the
pleasures and conveniences we now take for granted.
"Two words explain
this miracle: innovation and productivity."
"This game of economic
miracles is in its early innings. Americans will benefit
from far more and better “stuff” in the
future. The challenge will be to have this bounty deliver
a better life to the disrupted as well as to the disrupters
... In the years of growth that certainly lie ahead,
I have no doubt that America can both deliver riches
to many and a decent life to all. We must not settle
for less."
That prosperity
is already underway!
NEWS BRIEF: "Over
100 companies giving 'Trump Bonuses' after tax victory,
'tsunami building' ," The Washington
Examiner, Jan 4, 2018
"The number of companies
offering employee bonuses, pay hikes, and increases
in benefits in reaction to President Trump’s December
tax reform victory is now over 100, with thousands of
workers impacted and charities too ... "Small businesses
from across the country are sending me news of their
tax-cut bonuses, wage hikes, and charitable donations.
Many of these were only announced internally. There
is a broad and deep tsunami building," added Kartch,
ATR's vice president of communications."
"Grover Norquist,
ATR's president, said the bonuses are nullifying Democratic
attacks on the GOP tax package. He told Secrets, 'Every
announcement of another company raising wages, hiring,
paying bonuses, investing in America is another nail
in the coffin of the Democrat attacks on the Republican
tax cut. This drip, drip, drip is added to the daily
reports on stock market gains, the bigger checks in
pay envelopes and the jump in your 401K and IRA'."
NOTE: We encourage
you to read this entire news story, as it contains a
wealth of information too lengthy to include here.
NEWS BRIEF: "Dow
Jones industrial average tops 25,000 for first time,
continuing its history-making rise",
Chicago Tribune, Jan 4, 2018
"The closely watched
Dow Jones industrial average topped 25,000 points for
the first time Thursday, continuing a record-setting
run that has generated trillions in market value for
investors."
"Wall Street's rise
has been largely fueled by strong corporate profits,
global economic strength and Republican efforts to cut
taxes and curb regulations ... The Dow passed the 20,000
threshold days after Trump took office then kept climbing,
posting 71 record highs in 2017. It passed 24,000 on
Nov. 30, making the latest 1,000-point run the fastest
in its 120-year history."
People need to stop believing
in the numerous advertising that warns people that the
Dow is about to collapse up to 90%, that America's debt
is going to finally crush us, and that the US Dollar
is about to collapse.
These fraudulent claims
have been occurring since mid-1998, and have troubled
many average Americans. But, as we shall quickly demonstrate,
Bible Prophecy tells a far different story, especially
for those people living in the United States of America!
NEWS BRIEF: "US
private sector added 250,000 jobs in Dec, vs estimate
of 190,000", CNBC
News, 4 Jan 2018
"Private sector job
creation surged in December as a strong holiday shopping
season pushed companies to hire more workers, ADP and
Moody's Analytics said Thursday ... Companies hired
250,000 new workers to close out the year, well above
Wall Street expectations of 190,000. The month was the
best for job creation since March ... The total brought
2017's private payroll growth as gauged by ADP and Moody's
to 2.54 million, an average of 212,000 a month."
Increasingly, economists
are saying that the American economy is approaching
"full employment"!
NEWS BRIEF: "
Job-cut
announcements in 2017 see lowest level since 1990",
CNBC News, 4 Jan 2018
"... the passage
of the tax bill has prompted unprecedented hiring plans
for 2018. Employers report plans to hire more than 1.1
million near hires, 27 percent more than last year."
To the person who is not
prophetically literate, this information seems to be
so good, with no significant downside. However, Cutting
Edge has been saying for a very long time -- 20 years
-- that prophecy foretells that prosperity will occur
at the End of the Age to such a degree that you can
use the onset of prosperity as a "Sign of the Times".
God foretold that
He would judge America at the height of her financial
prosperity!
In the DVD shown above,
"A Tale of Two Babylons: Trump's Appointment With
'Destiny'," we demonstrate two very
important prophetic factors:
1) The Economic Babylon
is the United States of America.
God's many descriptions
of this historically unique economic powerhouse which
dominates the entire economy at the End of the Age,
can be no other than America.
Even though a great deal
of economic disaster will accompany the Third World
War which is planned to produce Antichrist, certain
major nations may be able to restore economic prosperity
rather quickly as their leaders transition the failed
individual economies of the world into a single global
economy built upon the foundation of a new global currency
-- which shall be neither the Euro nor the Amero.
Biblical prophecy seems
to foretell that material prosperity may then continue
some time into the Tribulation Period. We believe that
this time of prosperity may continue until approximately
the mid-point of the Tribulation Period, after which
God's judgments and Antichrist's insanity will bring
this prosperity crashing down.
2) The financial prosperity
is so pronounced that the citizens of this Economic
Babylon start to brag amongst themselves that they are
really rich!
"How much she hath
glorified herself, and lived deliciously, so much torment
and sorrow give her: for she saith in her heart, I sit
a queen, and am no widow, and shall see no sorrow."
(Revelation 18:7, KJV)
But, God has far different
ideas:
"Therefore shall
her plagues come in one day, death, and mourning, and
famine; and she shall be utterly burned with fire: for
strong is the Lord God who judgeth her." (Revelation
18:8)
Little do the unsaved
understand that economic prosperity can easily be a
trap for their souls. Listen
to God's Word:
"They are inclosed
in their own fat (prosperity) : with their mouth they
speak proudly." (Psalm 17:10, KJV)
"They shall cast
their silver in the streets, and their gold shall be
removed: their silver and their gold shall not be able
to deliver them in the day of the wrath of the Lord:
they shall not satisfy their souls, neither fill their
bowels (stomachs): because it (their wealth) is the
stumblingblock of their iniquity." (Ezekiel 7:19,
KJV)
Therefore, Christian,
when your prosperity increases, do not set your heart
on them. Continue to worship Jesus Christ with all your
heart, soul and mind.