Why an Income Tax is Not Needed To Fund The U.S. Government

Discussion in 'Politics' started by poncho, Apr 15, 2011.

  1. poncho

    poncho
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    Can this statement possibly be true? In order to answer this question, Americans must first understand what is the source of the money that funds the government and where it goes. Contrary to the sound bites issued by the two mainstream political parties, the reality of how the system actually works will not only open your eyes, but hopefully stimulate the American people to demand that the thievery underway come to an end.

    Where do your "income" tax dollars go?

    The best place to look for an answer to this question would be a government report, so let's take just one at random:

    President's Private Sector Survey On Cost Control

    A Report to The President (Reagan)


    January 15, 1984. Available from the Congressional Research Service.







    The excerpt below can be found on page 12.
    • "Importantly, any meaningful increases in taxes from personal income would have to come from lower and middle income families, as 90% of all personal taxable income is generated below the taxable income level of $35,000.
    • Further, there isn't much more that can be extracted from high income brackets. If the


    • Government took 100% of all taxable income beyond the $75,000 tax bracket not already taxed, it would get only $17 billion, and this confiscation, which would destroy productive enterprise, would only be sufficient to run the Government for several days.

    • Resistance to additional income taxes would be even more widespread if people were aware that:
    • With two-thirds of everyone's personal income taxes wasted or not collected, 100% of what is collected is absorbed solely by interest on the Federal Government contributions to transfer payments.
    • In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their government."
    So what we have is a central bank issuing worthless paper "money" that controls our economy, our lives and our future. This private banking cartel was unconstitutionally granted this power by a devious, scheming group of senators back in 1913. In essence what they did was place the American people into indentured servitude by forcing The People to pay usury on worthless fiat currency (paper money created out of nothing), not to fund the government, but to enrich the bankers and fund wars in which America should never be involved. This system exists not to fund the government, but to allow the U.S. Congress carte blanche power to continue funding unconstitutional agencies and programs by providing them with a bottomless source of worthless ink.










     
    #1 poncho, Apr 15, 2011
    Last edited by a moderator: Apr 15, 2011
  2. billwald

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    >Government took 100% of all taxable income beyond the $75,000 tax bracket not already taxed, it would get only $17 billion,

    That's the catch, isn't it? The rich people don't have taxable INCOME because the money they spend is not called income.

    Second, there is a world of difference between the economic situation of those who have $75,000 in wages and those who have $750 million in annual capital gains IF they wish to spend it. If they wish to spend only 5 million, they pay 15% capital gains tax (750K) and carry the $745 million forward tax exempt.
     
  3. poncho

    poncho
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    The catch is that a direct tax on income is not needed to run a constitutionally limited government.
     
    #3 poncho, Apr 17, 2011
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  4. Salty

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    Another good reason for the Automatic Electronic tax - all transactions are taxed (at an extremely low rate) including all of the (so-called) rich
     
  5. billwald

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    Note this is a 30 year old complaint.

    Second, sounds like a "Laffer Curve" type analysis which is automatically pure bull.
     
  6. poncho

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    Rich folk don't spend money. They invest it. In things like PR people and lobbysts and congressmen and judges and things like that. And they like it best when they can invest our money and they make their investments without fear of losing because all those congressman and judges they invested in will make certain that we the people will bail them out if some or all of their investments go bad.

    Tax rich people? What a joke! That's not gonna solve our problems. Getting rid of the parasites that have been feeding on us for a hundred years would solve a few, and decrease our tax burden a bundle too!

    Why not just get rid of the looters and pillagers in high places and let the people keep their money?
     
    #6 poncho, Apr 18, 2011
    Last edited by a moderator: Apr 18, 2011
  7. billwald

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    >Rich folk don't spend money. They invest it. In things like PR people and lobbysts and congressmen and judges and things like that.

    That's what I have been saying and the majority of this list seems to approve.

    The people don't have enough money to keep to make any difference. The rich people would still outspend the working people buying politicians if the bottom 60% didn't pay any income tax.
     
  8. poncho

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    Where do rich people get their money from? Us poor people! We fund them in large part by buying their products and services.

    When it gets right down to brass tacks we're paying for our own destruction. Voluntarily.
     
    #8 poncho, Apr 19, 2011
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