31 Things the IRS does NOT want us to know & not one cent of collected oncome tax goes to run our government.
Submitted by rcon1 on Wed, 04/15/2009 - 21:09
31 Things the IRS does NOT want us to know.(see link)
http://www.supremelaw.org/sls/31answers.htm
President Ronald Regan discovered by the Grace commission report of 1984 not one cent of collected oncome tax goes to run our government.
"100% of what is collected is absorbed solely by interest on the Federal Debt ... all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government."
-Grace Commission report submitted to President Ronald Reagan - January 15, 1984 (see limk below)
http://groups.google.com/group/total_truth_sciences/msg/3a37...
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What is it
Four or five months we work for free just to pay this interest ?
"Obamney care," Nuff said.
Last I heard it was the middle of May
however this was prior to the bailouts, it may be closer to 6 months now.
"What was taken from the boomers, it ain't there, what was taken from the X'ers it ain't there, what is being taken from their great, great, great squared grandchildren it ain't there. Some generation just has to have the guts to quit passing it on." Me
*May the only ones to touch your junk, be the ones you want to touch your junk.*
Hummmm
I was under the impression that all our tax dollars go towards the interest and none to the government that we expect certain services in return. I might be wrong.
FREEDOM
"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI
Bump for the day after "Tax Day"
Grace Commission Report : check it out
God bless you for posting this...
I've known this for a long time about the Grace Commission.
EVERY American should know this.
IT IS THE ONLY WAY WE CAN ARGUE TO DUMP THE IMMORAL INCOME TAX.
I tell people this and they look at me like a have a 3rd eye.
"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul
is this for real?
how can this be true? Are there other sources?
"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."
-Alexis de Tocqueville
not sure if true.
http://docs.law.gwu.edu/facweb/jsiegel/Personal/taxes/debt.htm
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if you build it he will come..........Ron Paul 2012.
digg http://digg.com/autos/First_Genuine_Chevy_Volt_to_be_Complet...
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if you build it he will come..........Ron Paul 2012.
digg http://digg.com/autos/First_Genuine_Chevy_Volt_to_be_Complet...
True (just do the math)
“100% of what is collected is absorbed solely by interest on the Federal Debt … all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government.”
-Grace Commission report submitted to President Ronald Reagan - January 15, 1984
lower right hand corner, zoom in.
http://www.wallstats.com/deathandtaxes/
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if you build it he will come..........Ron Paul 2012.
digg http://digg.com/autos/First_Genuine_Chevy_Volt_to_be_Complet...
--------------
if you build it he will come..........Ron Paul 2012.
digg http://digg.com/autos/First_Genuine_Chevy_Volt_to_be_Complet...
Like Ross Perot said, "The devil is in the details."
Not one nickle is being returned to the taxpayers if you figure the interest compounding on the Federal National debt of 10 trillion dollars.
In 12 years at 6 % the National Debt doubles. I know, I own some of it at 6.4 % that has doubled already, and it will more than quadruple at term in 2023.
Compound Interest Formula:
S = P(1+i)^n
Where
S = amount
P = principal
i = Interest rate per conversion period
n = total number of conversion periods
Example:
Alan invested $10,000 for five years at an interest rate of 7.5% compounded quarterly
P = $10,000
i = 0.075 / 4, or 0.01875
n = 4 * 5, or 20, conversion periods over the five years
Therefore, the amount, S, is:
S = $10,000(1 + 0.01875)^20
= $ 10,000 x 1.449948
= $14,499.48
So at the end of five years Alan would earn $ 4,499.48 ($14,499.48 - $10,000) as interest.
Good point. If it didn't go
Good point. If it didn't go to the interest on the debt the Federal Government wouldn't be running a $3T deficit.
Interesting
Thanks to Aaron Russo for spreading that myth...
Is that article referring to
Is that article referring to all the taxes collected? i.e- FICA, Social Security, Medicare, etc... Or, just one such as FICA? What taxes collectively make up the Income Tax? Is there one specific tax which is the "income tax" which is collected along with the other taxes?
No
It is 100% of the payroll deduction income tax. Not FICA or anything else. The treasury still collects gas tax, tariffs, etc... But, the money stolen by threat of force goes to the interest payment,
It is still just as evil - but at least not completely.
www.libertyrestorationproject.org
"We are the inheritors of the American Enlightenment, which tells us that Individual Liberty always trumps collectivism in all forms."
www.libertyrestorationproject.org
"We are the inheritors of the American Enlightenment, which tells us that Individual Liberty always trumps collectivism in all forms."
Thanks
bookmarked to review and make myself sick.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
ditto
bump
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United States Patent 6630507 http://patft.uspto.gov/netacgi/nph-Parser?Sect2=PTO1&Sect2=H...