There Is No "Patriotic Duty" To Pay More Tax

Authored by Simon Black via SovereignMan.com,

In 1873 during the administration of Ulysses S. Grant, the government abolished its income tax.

Aside from a single episode in 1894, there would be no income tax in the United States of America for nearly 40 years.

It was during this period that the United States emerged as the largest, most powerful economy in the world.

And the country 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 since 1913.

And the US has accumulated more debt than 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. exceeds $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 consequences, as if the laws of the financial universe don’t apply to the US.

And their judgment is clearly lacking.

They borrow money and go deeper into debt just to pay the interest on the amount they already owe.

And yet they continue to spend, often on the most wasteful and destructive things.

They throw money at failed programs. They hire armies of bureaucrats who make life more difficult for productive citizens.

They spend $2 billion just to build a website. Or a billion dollars to destroy $16 billion worth of ‘surplus ammunition’.

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.

It’s a very simple calculus: when your 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 of your government’s debt.

So are your children and grandchildren.

Remember this as you’re standing in line at the post office to send off that annual tax return.

We’re told, of course, that in a Democracy we’re supposed to express our opinions at the voting booth; if politicians don’t do what we’d like, we fire them and replace them with a new batch.

President Obama used to say frequently, “Don’t Boo. Vote.”

That’s a catchy phrase for sure. But the reality is that voting is a completely ineffective, useless activity that consistently fails to change the system.

Some people may try, sure. Tax rates will go up and down. Spending will rise and fall.

But the prospect that an election can align the priorities of hundreds of politicians and tens of millions of voters is simply ludicrous.

Your real power as a taxpayer is to reduce the amount of money you owe to the government.

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 as Judge Learned Hand wrote in a 1934 tax case “Helvering v. Gregory”:

Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.

There are ALWAYS legal steps you can take to legally reduce the amount that you owe– from using tax-deferred options like IRAs or 401(k)s, 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 $104,100 in foreign earned income.

Or you can move to Puerto Rico and pay absolutely nothing on investment income or corporate dividends.

I was just on the island a few days ago meeting with some of my attorneys there.

And despite what you might have heard about Puerto Rico’s post-hurricane condition, they are absolutely open for business.

You can even start a qualifying company there and pay just 4% corporate tax… and then 0% tax on the dividends you put in your pocket.

And there are plenty of ways to reduce what you owe, even if you don’t want to leave home.

Last month at a closed-door event for our Total Access members, for example, we discussed two different ways to use international tax treaties to earn unlimited investment income… practically tax free.

There’s even a completely legal way to shield existing gains from taxation… forever.

This is particularly useful for early stage crypto-currency speculators who are looking for legal ways to reduce an enormous, looming tax bill.

[Special note to US crypto speculators: PLEASE do not forget to report any realized gains (i.e. sales or trades) of crypto to the IRS. These are taxable events, and the IRS WILL find out. Don’t be the sacrificial lamb. Report the income.]

Then there’s the very simple strategy of maximizing deductions and contributions to retirement vehicles, or setting up better, more robust retirement structures to be able to increase contributions even more.

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.

The only way the world can ever truly be ‘a better place’ is if the people who make it a worse place no longer have the financial resources to do so.

To continue learning how to legitimately reduce your taxes, I encourage you to download our free Perfect Plan B Guide.

Comments

Oldguy05 Mon, 04/16/2018 - 17:36 Permalink

Shhh!

Repeat after me...I love The IRS!

There....I'm safe now!

 

edit: just for fun....FIRST BITCHEZZZZZ!

 

2nd edit: Seriously..When the US debt per person was a tad over 5 grand I tried to pay off my portion and be done with it. They wouldn't let me. They would however, accept the money and thank me for the help. A naive and stupid attempt, I admit. At least I can say I tried to pay my share. Now...Screw that!

Deep Snorkeler Bitchface-KILLAH Mon, 04/16/2018 - 17:57 Permalink

The Trump Cut in Corporate Tax Rates

provides a windfall in untold billions.  It is primarily

designed to unlock the animal spirits around technology:

1. accelerate robotization of the work force

2. power up Silicon Valley fraud-comedy

3. process opioid prescriptions faster

4. mysteriously assign value to derivatives

5. permanently diminish the value of labor

In reply to by Bitchface-KILLAH

ExplodingEntropy beepbop Tue, 04/17/2018 - 00:32 Permalink

Title 26 7806 b

 

No inference, implication, or presumption of legislative construction shall be drawn or made by reason of the location or grouping of any particular section or provision or portion of this title, nor shall any table of contents, table of cross references, or similar outline, analysis, or descriptive matter relating to the contents of this title be given any legal effect. The preceding sentence also applies to the sidenotes and ancillary tables contained in the various prints of this Act before its enactment into law.

 

I suggest nothing, but here could be treasure. yar har!

In reply to by beepbop

Jack McGriff Bitchface-KILLAH Mon, 04/16/2018 - 18:04 Permalink

I'm currently being shook down by the IRS for not paying myself a reasonable wage in my S Corporation, even though its earnings passed through to my personal income where I was subject to the MAX rate of 39.6%.  I payed a lot of taxes but the fucking IRS wants more and is assessing penalties, interest, and threatening jail unless I cough up more!  Well, I've paid enough and there is NO CRITERIA published in the IRS Code where you can calculate a "reasonable wage" that must be paid!!  THey are making this shit up!

Even so, I did pay myself the exact average of what someone in my field makes in the USA and I cannot understand for the life of me how that is unreasonable, especially since it was more than I ever made in my life.  Besides, I have a fiduciary duty to my shareholders (me) to not waste resources so why should I pay myself more than I need to live on. 

The IRS is a criminal organization that shakes down the producers in society for losers who live off welfare in return for votes.  They want NO ONE to become financially independent.  Twisted fucks. 

In reply to by Bitchface-KILLAH

Jack McGriff itstippy Mon, 04/16/2018 - 19:57 Permalink

That's an easy formula unless you are subject to the Alternative Minimum Tax double secret formula no one knows about (or have an S Corp or are self-employed).  Don't worry, the IRS will tell you about a year later, along with a nice nasty gram and a bill for $5000 for penalties and interest of course.  Because you were found to intentionally not have read the 70,000 pages of the IRS code and find the AMT double secret formula you were subject to in 2016.  I know from personal experience.

In reply to by itstippy

Moribundus Jack McGriff Mon, 04/16/2018 - 19:05 Permalink

This is big trouble with common law> from trafik tikits to top government agencies. Judge Napolitano wrote book about it> Constitutional Chaos. I would just pack common law into garbage bag and throw it to landfill. The trick is that common law originate in Jus Gentium - Roman law for colonies/provonces = non citizens of Rome. Roman law was for citizens. Roman law= civil law. 

"Ius Gentium was originally the section of Roman law, which the Roman Empire attached to the dealings with foreign citizens, primarily provincial subjects. In later times; however, this Latin term was soon regarded as the natural or common law" 

 https://famguardian.org/Publications/PropertyRights/jusgent.html

BTW: Gentium = gentile (jews during Roman period) = gentoo (belgian term, they read G as H)  = hindu = noncitizens during colonial rule of India

CORRUPTION, FRAUD AND JUDICIAL MISCONDUCT

http://injusticexposed.org/

In reply to by Jack McGriff

Common_Law Jack McGriff Mon, 04/16/2018 - 19:11 Permalink

You can only evade taxes you're required to pay. Or in the case of most US federal citizens, taxes you are under contract to pay. Ever wonder why you need to sign you SS card? The terms and conditions aren't legally required to be presented to you, like agreeing to this site's terms and conditions simply by visiting the page (clickwrap contact).

How do the feds have jurisdiction to do this? It's not the commerce clause like most things. And the 16th only applies in federal jusistiction (internal in IRS). It's your right to freely contract. And you can forfeit you rights just like you sign an NDA and waive your freedom of speech.

www.sedm.org
http://sedm.org/Search/SubjectIndex.htm
http://sedm.org/Forms/10-Emancipation/CitizenshipDiagrams.pdf
https://famguardian.org/Subjects/Taxes/taxes.htm

But they can harass the shit out of you until you comply. 

In reply to by Jack McGriff

rgraf Common_Law Mon, 04/16/2018 - 20:26 Permalink

The conjobstitution is a contract between the States and the Federal Republic, which the citizens are not party to. The USSC has ruled so, in order to deny citizens standing in the federal courts. There is no legal principle that allows someone to be bound by any contract that they are not party to, It's all a hoax and a con game.

In reply to by Common_Law

Lumberjack Oldguy05 Mon, 04/16/2018 - 17:52 Permalink

But by September 17, 1787, after four months of secret debate and compromise, an 81-year-old Benjamin Franklin closed the convention with these words:

I confess that there are several parts of this constitution which I do not at present approve, but I am not sure I shall never approve them: For having lived long, I have experienced many instances of being obliged by better information, or fuller consideration, to change opinions even on important subjects, which I once thought right, but found to be otherwise. It is therefore that the older I grow, the more apt I am to doubt my own judgment, and to pay more respect to the judgment of others. Most men indeed as well as most sects in Religion, think themselves in possession of all truth, and that wherever others differ from them it is so far error. Steele a Protestant in a Dedication tells the Pope, that the only difference between our Churches in their opinions of the certainty of their doctrines is, the Church of Rome is infallible and the Church of England is never in the wrong. But though many private persons think almost as highly of their own infallibility as of that of their sect, few express it so naturally as a certain french lady, who in a dispute with her sister, said “I don’t know how it happens, Sister but I meet with no body but myself, that’s always in the right — Il n’y a que moi qui a toujours raison.”

In these sentiments, Sir, I agree to this Constitution with all its faults, if they are such; because I think a general Government necessary for us, and there is no form of Government but what may be a blessing to the people if well administered, and believe farther that this is likely to be well administered for a course of years, and can only end in Despotism, as other forms have done before it, when the people shall become so corrupted as to need despotic Government, being incapable of any other. I doubt too whether any other Convention we can obtain, may be able to make a better Constitution. For when you assemble a number of men to have the advantage of their joint wisdom, you inevitably assemble with those men, all their prejudices, their passions, their errors of opinion, their local interests, and their selfish views. From such an assembly can a perfect production be expected? It therefore astonishes me, Sir, to find this system approaching so near to perfection as it does; and I think it will astonish our enemies, who are waiting with confidence to hear that our councils are confounded like those of the Builders of Babel; and that our States are on the point of separation, only to meet hereafter for the purpose of cutting one another’s throats. Thus I consent, Sir, to this Constitution because I expect no better, and because I am not sure, that it is not the best. The opinions I have had of its errors, I sacrifice to the public good. I have never whispered a syllable of them abroad. Within these walls they were born, and here they shall die. If every one of us in returning to our Constituents were to report the objections he has had to it, and endeavor to gain partizans in support of them, we might prevent its being generally received, and thereby lose all the salutary effects & great advantages resulting naturally in our favor among foreign Nations as well as among ourselves, from our real or apparent unanimity. Much of the strength & efficiency of any Government in procuring and securing happiness to the people, depends, on opinion, on the general opinion of the goodness of the Government, as well as of the wisdom and integrity of its Governors. I hope therefore that for our own sakes as a part of the people, and for the sake of posterity, we shall act heartily and unanimously in recommending this Constitution (if approved by Congress & confirmed by the Conventions) wherever our influence may extend, and turn our future thoughts & endeavors to the means of having it well administred.

On the whole, Sir, I can not help expressing a wish that every member of the Convention who may still have objections to it, would with me, on this occasion doubt a little of his own infallibility, and to make manifest our unanimity, put his name to this instrument.

In reply to by Oldguy05

Lumberjack legalize Mon, 04/16/2018 - 18:48 Permalink

Your duty is to do the right thing...At times it may risk or result in serious consequences.

eg. “I was following orders”...

Franklin left us the greatest gift of all in his message, works and wisdom. 

Can you imagine what the founding fathers would have thought about and said about our politicians now? Can you imagine seeing them make speeches in Philadelphia during those meetings and convention?  I bet they would have been arrested and sumarily executed (if not merely laughed at and banished).

Go ahead and tell me times have changed. Yes they have but human stupidity has not.

The framework was solid ground even with its imperfections as admitted by Franklin himself, but even he knew that without due diligence, it was bound to fail in a period of time.

Ask yourselves if indeed his observations were correct. The answer is there and clearly obvious.

Heed his words.

In reply to by legalize

Lumberjack Lumberjack Mon, 04/16/2018 - 18:53 Permalink

Here is a quote from a character named Boris Alotovkrap that appeared at Zero Hedge a few years ago. I have never forgotten it.

"In cave in rural France is painting circa 5000 BC, and is tell story. One day is rain much and lightening is loud and scary. Leader of cave community is explain danger of lightening and is predict end of world if citizenry is not work hard for stopping of lightening. Every citizenry of community must bring it portion of berries and meat for sacrificial god and make incantation. Leader of cave community is so very smart, is not help hunt and gather, but is must make strategy and "guide" community for self-preservation technique. One day, citizen is look up and see is still lightening, but is look around and is still alive. Other is still alive. Lightening is come and go, and community is survive. Citizen is make comment at cave meeting and next day is fall in tar pit.

Leader of cave community is explain danger of tar pit and is predict end of world if citizenry is not work hard for prevention of tar pit..."

--------

That was worthy of a medal of honor and a nobel prize.

 

In reply to by Lumberjack

ExPat2018 Mon, 04/16/2018 - 17:38 Permalink

I stopped paying tax in 1989 when I escaped the USA to work TAX FREE overseas. 

As per IRS code you can make up to 90k a year tax free overseas.if you stay out 330 consecutive days.

I qualified for that easily and after 4 years overseas I got letter from IRS saying I was bonafide overseas resident.

NO more filing required if I stayed under the 90k rule

That rule does NOT apply to US govt employees overseas or miltary

ExPat2018 Mon, 04/16/2018 - 17:43 Permalink

Just a hint to people living in the USA and working for employer

Claim 6 dependents on your W-4 and do NOT file,

Once you file ONCE, you are on the radar

Yellow_Snow ExPat2018 Mon, 04/16/2018 - 18:00 Permalink

Yes, but even if you did file by mistake...  still, several years of not filing you will fall off the radar again...

Seems they are content to keep the payroll tax withholdings and leave you alone as long as your not making insane money...

I'm sure there are repercussions eventually, like if you need a bank loan

There are millions of person's living in Amerika that are not filing anymore

 

In reply to by ExPat2018

New_Meat Mon, 04/16/2018 - 17:50 Permalink

Here in the Commonwealth, it is possible to "check the box" to pay at the older, higher rate or to pay more.

Moonbats don't check that box, as a rule.  The only box that Elizabeth Warren checks is the "Native American" box on her application to Penn and Havhad.