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It's April 15th - Do You Know Where Your Tax Dollar Went?
This will make every American feel much better about handing over that check today... as Simon Black notes today "I believe we have an obligation to starve the beast..."
As Sovereign Man's Simon Black notes, it was not always this way (and doesn't have to be anymore)...
On August 5, 1861, facing rapidly deteriorating economic conditions and a horrible defeat at Bull Run, President Abraham Lincoln signed the Revenue Act of 1861 into law.
It was the first time in US history that the federal government would charge an income tax on its citizens. But Lincoln felt that it was vital to fund what would become one of the most unconscionably costly conflicts in US history.
The original law in 1861 set a flat tax rate of 3% on incomes above $800.
(Using the gold price as a benchmark, this is equivalent to 42.26 ounces, or roughly $50,500 in today’s dollars. Not that there’s any inflation.)
The income tax was tweaked occasionally throughout the war, and it lasted for a few years afterwards to help fund reconstruction.
But it was ultimately lifted in 1873 during the administration of Ulysses S. Grant. And aside from a single episode in 1894, there would be no income tax in the United States of America for nearly 40 years.
Ironically, during this 40 year period the United States emerged as the largest, most powerful economy in the world.
And they achieved this with no income tax. No inflation. And very little public debt.
Today it’s entirely different. The dollar has lost over 99% of its value. And US debt is more than has ever been accumulated by any other nation in the history of the world.
Entitlement program costs are soaring. The US government’s own figures estimate that the long-term funding gap for Social Security, Medicare, etc. is at $40 trillion. Many private estimates are several times that amount.
This is obviously concerning.
But what’s even more concerning is the complete lack of care and attention this issue receives.
Politicians continue to spend money with a dangerous sense of entitlement.
They believe that since they’re “America” they can do whatever they want without consequence, as if the laws of the financial universe don’t apply.
And their judgement is clearly lacking.
They already borrow money and go deeper into debt just to pay the interest on the debt they already owe.
And yet they continue to spend, often on the most destructive things like bombs, drones, and war.
They throw money at failed programs. They hire armies of bureaucrats who make life more difficult for productive citizens. And they equip legions of police and armed enforcers to intimidate the population into submission.
All of this is ultimately supported by taxes. Your taxes.
You see, the creditworthiness of any nation is underpinned by its ability to raise and collect taxes.
If investors feel like a government has an intimidating-enough system of taxation that can bully citizens into compliance, they feel comfortable loaning a government money.
It’s a very simple calculus: when the US government goes into debt, YOU are the collateral.
Whether you realize it or not, whether you signed up for this obligation or not, you’re on the hook. You’re the guarantor.
It’s obscene when you think about it; these people have carte blanche to ruin the country, and then they stick you with the bill.
Remember this as you’re standing in line at the post office to send off that 1040.
Continuing to pay taxes into this system only encourages them.
Yeah sure there’s an election coming up in the Land of the Free. It’s looking to be another wide open field among a bunch of insiders who are responsible for causing all the problems.
This vote (as we’ll discuss down the road) is completely meaningless.
What is tremendously impactful, however, is how you ‘vote’ with your dollars.
Every day you are making an election. By choosing one brand over another in the supermarket, or by buying an iPhone versus an Android, you are essentially voting for the better candidate.
Over time, the good candidates who have a history of providing quality products and services rise to the top. And the bad candidates are starved of the resources they need to go on.
It’s time to starve these people of the resources they need. Continuing to pay them every year only encourages them. It sends a signal that we support their decisions.
Cutting off their resources is a far more effective strategy than checking a box in a voting booth.
No, I’m not suggesting that anyone commit tax evasion or stop filing a tax return. This is a one-way ticket to the jailhouse.
But I personally feel a moral obligation to arrange my affairs in a way which maximizes every deduction possible and to pay the absolute minimum that is required by law.
There are countless options… from using tax-deferred options like IRAs or foreign corporations, to even moving abroad.
US tax code, for example, provides a clear path for Americans to move overseas and pay no tax on the first $100,800 in foreign earned income.
Or you can move to Puerto Rico and pay absolutely nothing on investment income or corporate dividends.
Most people don’t realize how many options they have at their disposal to cut what they owe.
And in my mind, it not only makes obvious financial sense, but it’s one of the best weapons anyone has to fight back.
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So I just finished reading Tragedy and Hope. Overall it was an excellent work.
Going in to it I knew Carrol Quiggley was a globalist. It shouldn't have bothered me. Yet I find myself hating the man, despite the fact he's dead. I hate him more than people alive today who can do me harm, like Hillary or Jeb. Why is that? I don't know.
Maybe it's because he had the intelligence to know better, and supported evil anyway.
Quigley talked about secret societies like the ones that control our dollars issued as debt. They also did this...
https://www.youtube.com/watch?v=twRDQmmxLkw
THis is the lawful way to starve the beast;
http://www.losthorizons.com/tax/MoreVictories.htm
http://www.losthorizons.com/tax/MoreVictories47.htm
Get educated and start filing properly.
The thing about tax deferred IRAs is that the Feds can choose to change the rules for that at anytime AND all this does is "invest" into the Wall Street money machine. They can and will take whatever the fuck they want from you.
Bull shit list from some Stalinist front group. Where are welfare, the NSA, HUD, the vote fraud slush fund?
We pay interest on the national debt? Says who?
Real data is available. This is just Vichy DC agitprop.
Starve the beast, Simon Black.
what's with the 3.4 cents to "government"???????? ALL of that shit is the fucking government. And let's just drop the bullshit about anything being paid towards interest on the debt. That's a fucking lie and always has been. That's what goes to the private owners of the Fed and who REALLY run the world.
Why does nobody ask this simple question: If the Fed can print Trillions and Trillions of fiat cash out of thin air, then why does anyone need to pay taxes???
It's a fucking scam to brainwash the sheep-tards into compliance.
All the IRS is...are a bunch of scumbag, criminal enforcers of the FED RES paid to intimidate and fuck with the rest of the people while stealing what the people earn.
27c to the military and only 8.4c to ss, unemployment and labor. From now on if one of the old fart contingent of zerohedge- known of course as 'the butthurts'- wants to whinge about the 'free shit army' they will incur my wrath. the butthurts decry welfare almost as much as they call for more warfare but get butthurt over the cost of welfare? Even more retarded when you consider most of these flaccid fucks are collecting social security they did not earn, unemployment benefits would probably account for about 1 or 2% when you take away ss.
If you work for wages you do not have to file an income tax return in the USA.
https://archive.org/details/FederalIncomeTax-WhyYouShouldNotPayyoureNotS...
"Hendrickson was found guilty on ten felony counts by a federal court jury in Detroit, Michigan, on October 26, 2009, in connection with his use of his "Cracking the Code" scheme on his own tax returns, and served about two years in prison (from June 29, 2010, to June 13, 2012)."
http://tpgurus.wikidot.com/peter-hendrickson
He also put a firebomb in a mailbox. I'm not sure that's filing properly.
Where did my tax dollars go? Hookers and Blow for DEA Agents.
mine was a partial payment to drone brown people trying to get married. i want my fucking money back uncle fuckhead! you betrayed me, fucker(s).
Mine was a round of golf for the ni66er in chief. Total waste as always.
Mine was partial payment to have NSA spied on all of us 24/7.
Mine went towards a drop shipment of weapons to ISIS.
Mine was a Hillary pantsuit.
You think the current batch of psychopaths don't know better? Granted, they might not be as intelligent, but they know they are evil.
Congratulations on reading T&H, not many people have the ambition or desire to dig into something like that.
You must mean "Where did your Debt Tribute go to", since it's their money and our Perma-Debt, serf.
I read it too...what a blowhard Quigley was. Smug fucking globalist douchebag.
Now read The Naked Capitalist by W. Cleon Skousen. He explains and sums up the pretenciousness of Quigley's T&H in just a little over 100 pages.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
Sadly, far to many sheeples will starve their own families long before they make any attempt to starve the beast.....
15.3% going to interest on the debt with ZIRP and the 10yr at 1.9...imagine a normal interest rate environment.
It went to where it always goes; To the Satanic NWO.
To pay the Federal Reserve Hebrews tribute for the honor of manufacturing our currency Bizbones?
Veterans benefits could be included with military spending to total almost 33% spent on war etc. What a joke you are paying a third of your income to create death and misery around the world.
Not a third of your income, a third of your tax dollars...
paying a third of your income to create death and misery
Tax receipts run out before you get to 'Defense'. Think about that for a minute. The World's only Super Power has to borrow the entire cost of it's Military. Fucked up, Yes?
But they hate us for our freedom. We have to fight them over there so we don't have to fight them over here. They are protecting our freedom.
This is what it would look like if they were protecting our freedom rather than enforcing the will of the money printing shylocks on everybody including us:
http://i.imgur.com/eOyVTEv.jpg
Housing and Community: .1c ...now that is depressing
My taxes went to pay for one period at the end of one sentence in the Congressional Record.
At least that's how it feels.
Yahoo Finance
Your tax bill isn’t as bad as you thinkThe tax burden in the United States is reasonable compared with other countries.
or better known as
What a half assed, shit for fucking brains sheeple thinks
You have no reason to be discontent Citizen. According to the official government records, you are only 35% a slave, while the world wide average is 40% slave. You have it good. Now take out another loan to go to school and get another worthless degree.
According to government-sponsored studies by government-certified members of the credible cartel of scientific experts, your quality of life is above average. You're among the happiest and freest of people in the world.
I had that convo recently with a stranger while we waited for our gyros and fries to be served to us.
I simply told the guy to ponder where the dollars go, and not where they say they go. I then added, "Who benefited in and by the $2 trillion destruction of Iraq?"
I just got the blinking, brain reboot, thing that I get when I sabot the lies these people's intellect stand upon. Of course he "rebooted" into "safe-mode," and spouted his Fox(in the duck pond)News and C(IA)NN indoctrination lines. He even mentioned that all purpose "Muslim" boogeyman. LOL
The banksters need to repay us.
"It is not that I am correct and you are wrong, but that I know why I am correct and you are wrong, and you do not know why you are correct and I am wrong."
yeah, i know where my tax $$$ are going:
GS, MS, BAC, C, LMT, RTN, NOC ...
Has anyone ever attempted to track the trillions of dollars that have been paid in interest to the FedRes? Where does this money go? I mean ostensibly it pays for salaries and for buildings right? This is a massive amount of money, who's tracking it?
" Where does this money go?"
Zion and their banksters.
Tyranny and treason.
The banksters need to repay us.
"Did I win the chicken dinner?"
It gets sent to the Fed Gov at the end of the year. I seem to recall last year it was something like $80 billion.
You mean audit the fed? Silly rabbit, audits are for slaves.
Taxes for moar woar?
What the heck is that??
Only stupid people pay for moar woar, babylonian corruption, and the overpayment of the criminals that pretend to be legitimate govt.
awe and I so wanted to shirt this bullshit so I could flush the rest of my life down the toilet of success with the amt!
sure ... my $$s going to pay off an IED'd humvee in iraq ... only need a few more years of payments ...
Every bit of the chart is incorrect. Your income tax dollar goes through the IRS to the FED.
http://truthintaxation.us/?tax_inform=whereTaxesGo
Good link.
Everyone should read and ponder that.
The banksters need to repay us.
"The reason one should not believe everything he reads, is that he needs to think after reading."
"It's April 15th - Do You Know Where Your Tax Dollar Went?"
It is not "your tax dollar," as after they steal it, it becomes their loot. "Yours" is their propaganda meme to distract you from it really being theft from you.
In other words, try picturing your dollars still being "your dollars" after a mugger takes them.
The banksters need to repay us.
Under this Zion run regime called the US, there are four forms of taxes, theft:
1) Direct
2) Inflation from their printing
3) Controlling and destroying regulations
4) Soul stealing tyranny
"It’s a very simple calculus: when the US government goes into debt, YOU are the collateral."
Well armed collateral.
"Well armed sheep produce no mutton."
The banksters need to repay us.
The Hierarchy of Zion Plunder:
1) Zion farm owners
2) Zion's farm managers
3) Sheep herders, shearers, and slaughterers
4) Sheep dogs
5) Sheeple
It's Hillarity's turn to run the plantation, DON'T RUIN THIS FOR HER!!!
Hillary is not electable. The only way the dems can lose in 2016 is if they run her.
I can't believe they don't know this yet.
They know...its just time to put a Republican in the hot seat for a few years. Same as it ever was. They have to change it up every so often to keep the illusion alive.
Agreed, all she will accomplish is hearding the voting sheep over to Brother Jeb, en masse, that bitch!
Agreed, all she will accomplish is hearding the voting sheep over to Brother Jeb, en masse, that bitch!
You think the fools in government, think they are in GAME of THRONES, in session in Westros, where the KING spends the money, and, it is up to the Master of Coin to find it. Oh yes, they are in debt to the Iron Bank of Bravos to 200% of their GDP and not mining any gold.
If your tired of war, treason and tyranny, then stop the USA from BORROWING MONEY, as that is what supports the wars. No way in hell will citizens stand for the tax levies necessary to support this reign of terror.
They must be backed up today and with the addition of Healthcare (still wondering how they pull that off).
anyway went to efile and get a pin number. The servers were backed up and wouldnt deliver one. LOL, what a clusterfuck
Starve:
- no conflict
- no fear
- no ego
- no compliance without force
Crap, I misplaced my contract with DC about how I volunatrily agreed to all of this...can someone email me their copy? I'm pretty sure they are all the same. Thanks in advance!
Yup, like you, I didn't sign shit, and so don't owe shit.
Checked with my lawyers at AK, AR, and Glock, and they concur: "No signie, no oweie."
You may want to check with your lawyers as well.
The banksters need to repay us.
Unconstitutional laws are tyranny. Enforcement of Unconstitutional laws is treason.
My tax dollars went to the fat assed pig behind me in the grocery store with here snap card.....buying all the junk food..
That "fat assed pig's" purpose is to keep you focused on her, and not the thefts from you.
The "fat assed pigs" I am concerned with extort me, and you, on the side of the road with threats of violence and harm, threaten to take me and mine, and kill the dog, in a "no knock raid," and desire to shoot me in the back or choke me to death for not complying with their treason.
The first is easily dealt with, the second is a tad harder.
The banksters need to repay us.
"Fuck your breath."
HOLD UP
That's the dollar paid in tax. Where are the other two dollars that were borrowed?
funny... lol. But sort of missing the point, I think.
I'm waiting for Gyrocopter pick-up,
any one have the flight schedule?
I'll bet ATC gets really busy before midnight.
The tax system is designed by and for the rich, with all kinds of ways to hide any income that does not come from employment wages. Simon Black urges everyone with assets and investment income to evade taxes so that only wage earners will pay for his standard of living - what a jerk.
Taxes to help pay for roads, hospitals, health care, police, fire, public education, social security, income assistance for the poor, unemployment insurance - ABSOLUTELY. Please let me never live in a country that does not have those things. I have visited countries without those things - I would not wish those circumstances on my worst enemy.
" Taxes to help pay for roads, hospitals, health care, police, fire, public education, social security, income assistance for the poor, unemployment insurance - ABSOLUTELY. "
It's not that Gov't "helps" pay for the abovementioned serives it is the way one qualifies for use of those services and the price that is paid to those services. Affirmative Action and illegal immigration come to mind imediately. Federal involvement into education and housing which , as per Constitutio should be STATE run endeavors.
Please save us from your "Gov't should help" BS. It is the moronic chanting of that phrase that starts all the trouble.
What a disaster. I do remember a time when I thought Gov. Had a purpose of sorts. How wrong I was.
Slowly but surely the very base of all government operations, the notion that they are here to provide us a service, becomes an increasingly obvious false premise. Watching them in action is something akin to watching a comedy of errors, the ineptitude undeniable, they fail to deliver on all counts!! There isn't a single government service I consider to be a worthwhile investment, never mind the fact that I have no choice the direction nor my level of participation.
How is it possible that despite the waste and abuse they incite, they continue to steadily increase their power and influence over the populace?!
How have they obtained the right to exempt their own from the laws we are all subject too?
Where have they obtained the right to remove you from YOUR land?
We all have the right to vote NO to this insane organization. The phrase "No taxation without representation" is a fair and reasonable stance to hold as far as I'm concerned. It's too bad some if the more prominent leaders today are not interested in promoting this democratic movement.
I am chattel, hear me bleat
If a republic is supposed to be a representative system why should a convicted felon have to pay taxes if they can't vote?
No taxation without representation right?
Voting is not "representation." Citizens United put the last nail in that coffin.
Martha's Vineyard and Hawaiian vacations?
"It’s a very simple calculus: when the US government goes into debt, YOU are the collateral."
I believe that is called 'slavery.'
The '16 presidential election might actually matter, if the GOP doesn't sabotage Rand Paul. He has the guts to be honest about a lot of things, and the real power today resides in the excecutive. The right man might actually mae a difference now that Obama and his predecessors have so expanded executive power.
It's kind of funny to note how many people there are (and esp ZH readers) who want to pay no taxes, but currently live high on the hog on things that taxes pay for -- especially if they live in a Red State.
You know, like education, highways, airports in flyover country, development and infrastructure of all kinds. And when you're old and poor (most Americans have $3k or less in the bank) you will definitely need medicare and/or medicaid.
Math skills are wanting in America. It's not taxation that is making the middle class poor, it's wealth distribution. 95% of wealth is held by fewer than 5% of Americans, and wealth is not currently taxed. And for some reason, the poor (right-wing) middle class continues to vote for policies that are directly opposed to their own interests, because of the mistaken belief that they, too, will someday be rich.