On Monday, President Joe Biden unveiled a new tax initiative he called the “billionaire minimum income tax,” which would apply to those in the top 0.01 percent making over $100 million.
“The Billionaire Minimum Income Tax will ensure that the very wealthiest Americans pay a tax rate of at least 20 percent on their full income, including unrealized appreciation,” the White House said in a news release. “This minimum tax would make sure that the wealthiest Americans no longer pay a tax rate lower than teachers and firefighters.”
Biden also claimed on Twitter that billionaires pay an average income tax rate of 8 percent, which I highly doubt is true.
Regardless of what the actual tax rates are for millionaires and billionaires, it is long past time to repeal the 16th Amendment, which gave Congress the power to collect federal income taxes. We should abolish these income taxes for everyone.
Critics will often ask, “What would we replace income taxes with?” My simple answer is nothing. Who says the government must collect an income tax to function?
Although President Abraham Lincoln signed into law the Revenue Act of 1861, which included the first federal income tax, Congress repealed it in 1871. The 16th Amendment was ratified in 1913. Advertisement - story continues below
It has now been over a century and our national debt is more than $30 trillion. We can’t keep spending money we don’t have. Politicians are arguing over income tax rates while the real discussion should be about how to reduce the size of government and the national debt.
In response to Biden’s new proposal, leftists wasted no time claiming that the rich need to “pay their fair share.”
I find this fascinating because they never seem to give us a concrete number or percentage to define “fair share.”
However, I am optimistic about a growing number of Republicans calling for the repeal of the 16th Amendment, including Rep. Thomas Massie of Kentucky.
In October, Rep. Warren Davidson of Ohio introduced a proposal to add an amendment to the Constitution that would repeal the 16th Amendment. It currently has 10 co-sponsors. Advertisement - story continues below
The 16th Amendment was one of the worst amendments ever to be ratified. The fruit of one’s labor should never be taxed. We already pay plenty of other taxes, so the claim that income taxes are necessary for the federal government to function is simply not true.
No matter how much Biden raises our taxes, it will never be enough to pay off our national debt. It is long past time for all Americans to keep more of their hard-earned money and for Washington to make drastic cuts to government spending.
Abolishing the income tax would be a small step in the right direction.
#1: Darkwing To: Ada (#0)
Darkwing posted on 2022-04-03 10:24:13 Reply Private Reply
#2: AllTheKings'HorsesWontDoIt To: Ada (#0)
Income tax is slavery.
Paul Craig Roberts
"..Governments are always deceptive about taxation. In the US legal forms of slavery were abolished in the 19th century. But the Revenue Act of 1913 resurrected slavery with the income tax which assigns ownership of part of a person’s labor to the government...
The income tax was used to lower tariffs and to cover the lost revenue with a tax on income. The states had to approve an income tax. To secure approval, the schemers brought the tax in with such low rates on such high incomes that only 3 percent of the US population was subject to the income tax. A one percent tax was imposed on incomes above $3,000, a high income in 1913, and a top tax rate of six percent on incomes above $500,000, an unimaginable income in those days.
Once the tax was on the books, World Wars I and II provided ample excuse for widening the tax net and raising the rates. It seems that the people are always outsmarted by governments.
It has always puzzled me that with all the talk about slavery and reparations for American black people no one ever focuses on the income tax as the reimposition of slavery..."
www.paulcraigroberts.org/...ome-tax-is-a-slave-state/
Disney War Propaganda - Donald Duck Tells You To Pay Your Taxes (1943)
www.bitchute.com/video/M2sU4mccR5f2/
If you don't want to barf after watching that! I've been kind of going down the Disney rabbit hole the last day or two, and this tax article reminded me of the Disney angle in the tax department as well.
Actually, the federal income tax is a tax on federal income, says Pete Hendrickson. He wrote a book about it: Cracking the Code. It's just so deceitful the way they present the tax, everyone thinks it applies to them.
He explains the 16th Amendment here: losthorizons.com/The16th.htm
"...*****The Entire Legal And Practical Truth About The Income Tax In Three Short Sentences
Focus on these simple points and you can teach anyone the truth about the tax.
1. The income tax is an excise.
2. Excise taxes are taxes on the gainful exercise of privileges.
3. You probably didn't earn your money by exercising any taxable privilege (or earned very little that way).
Inarguable (and nowhere disputed) proof of the first two statements above can be found concisely spelled-out in this little 7-page document. Whether the third is true for any particular person can be determined by consulting this guide to understanding "income-taxable privilege"...."
(The "privilege" is having federally-connected income.)
Links:
losthorizons.com/N/61.htm#1
losthorizons.com/TheNatureOfTheTax.pdf
losthorizons.com/Documents/Privilege.htm
This page shows some of the most current folks to get refunds from the feds AND the states:
losthorizons.com/Newsletter.htm
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We already pay plenty of other taxes, so the claim that income taxes are necessary for the federal government to function is simply not true.
Why an Income Tax is Not Necessary to Fund the U.S. Government
Devvy Kidd
Originally published and copyrighted in June 2001
Updated 01/25/2012
devvy.com/notax.html
About those CAFR's
The govt keeps two sets of books. It's called The Biggest Game In Town
cafr1.com/BiggestGameInTown.html
cafr1.com/TotalWealth.html
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Last but not least:
IRS ADMITS TAXES ARE VOLUNTARY! Wow
www.bitchute.com/video/M2sU4mccR5f2/
Don't they call them "contributions"?
Except for FEDERAL "INCOME", most Americans don't owe taxes. Of course I guess Satan Klaus et al will try to sidestep all that with their joojab and tracking devices and digital funny "money".
AllTheKings'HorsesWontDoIt posted on 2022-04-04 00:50:32 Reply Private Reply