Ron Paul said only 45% of government income is from Income tax, where does the rest come from?
Posted December 1st, 2008 by fine
I read an article for RP or heard him saying somewhere that income tax, our stolen money, makes only half of government revenue. What are the other sources for government revenue?
I am debating someone and need the answer :)
output
Has anyone else heard the theory
that the feds amass huge sums of money through illegal drug trafficking and money laundering? .
Sounds like "Ruppert" the ex-cop's website I listed below was blowing the whistle on the whole mess. Lucky he's still alive.
Corporate tax and tariffs, mainly.
Corporate taxes and tariffs mainly. Also some fees, excise taxes, and such.
Illegal Drug Smuggling
has been suggested by some...I don't recall his name, but he was in drug enforcement in Southern California and was involved in the investigation of a plane which went down. Apparently he got too close to the truth and lost his job. He is speaking publicly about this issue and there was a video available on the internet this past year.
This could explain the $$$$, our open borders and our "faux" war on drugs.
Again, the feds don't want competition.
I found the site:
http://www.fromthewildern...
click on DRUGS...left side of screen
Could be
www.cafr1.com money. Very important site and no one knows about that money. We aren't really as broke as they make us out to be. That is why George is always smiling.
taxes taxes and more taxes
Excise tax
luxury tax
look at all the taxes on your light and gas bill, cell phone, land line
gasoline tax
cigarette tax
road tax
and the list goes on and on
then stop at look at your local permits,
property tax, drivers' license fees
state tax
sales tax
and again the list goes on and on.
The Federal Reserve
is one major source.
Why do they need income they can
just make the money they need. On these grounds it shows that there should be no income tax.
Good point
but printing more money is still no good for us!
Sales of gasoline,
Sales of gasoline, electricity, alcohol, lots of things!
The rest of the money
Walter Burien discovered this info:
"GROSS" INCOME of government is now 1/3rd "TAX" income and 2/3rds NON-TAX income derived from: return on INVESTMENTS and money generated from government Enterprise projects.
Any Company or in fact Country can be "made" or "broken" through the use of those government investment funds. China and India in 2007 restricted new US "Government" investments, now several trillion dollars strong in China and India so that US Government investments would not further increase control (take-over) in their own markets. China and India learned by seeing what happened to Mexico then Russia when the US Government investment machine came rolling on in.
If US Government cashed in their International investment chips (held outside of the dollar), in conversion back to the dollar, the dollar would shoot through the roof, get it?
A complete government and (taken over by government) syndicated news media blackout has existed for over 60 years and it started back in 1946. WAKE UP! THIS IS FACT, NOT FICTION AND IT AFFECTS YOUR EVERY DAY LIFE!
www.cafr1.com
Go here, watch the video and be amazed.
This Video Explains It...
'Show Me The Money!'
http://www.gpoaccess.gov/usbudget/fy09/browse.html
Table S–9. Receipts by Source
(In billions of dollars)
2007 Estimate
Actual 2008 2009 2010 2011 2012 2013
Individual income taxes............................................................... 1,163.5 1,219.7 1,259.0 1,417.3 1,499.0 1,599.9 1,709.1
Corporation income taxes .......................................................... 370.2 345.3 339.2 338.9 356.8 391.3 379.8
Social insurance and retirement receipts ............................. 869.6 910.1 949.4 1,004.0 1,059.7 1,111.4 1,168.5
(On-budget)................................................................................. (234.5) (247.9) (253.8) (263.9) (278.3) (292.9) (309.4)
(Off-budget)................................................................................. (635.1) (662.2) (695.6) (740.2) (781.4) (818.6) (859.1)
Excise taxes .................................................................................... 65.1 68.8 68.9 60.7 65.9 68.5 69.7
Estate and gift taxes..................................................................... 26.0 26.8 26.3 19.5 1.5 0.4 0.5
Customs duties............................................................................... 26.0 29.2 29.1 30.8 32.5 35.0 37.0
Miscellaneous receipts ................................................................ 47.8 46.3 47.9 50.0 53.2 57.4 59.5
Economic growth package......................................................... — 125.0 20.0 10.0 8.0 6.0 4.0
Total receipts ........................................................................... 2,568.2 2,521.2 2,699.9 2,931.3 3,076.4 3,269.9 3,428.2
(On-budget) ............................................................................ (1,933.2) (1,859.0) (2,004.4) (2,191.2) (2,295.1) (2,451.3) (2,569.1)
(Off-budget) ............................................................................ (635.1) (662.2) (695.6) (740.2) (781.4) (818.6) (859.1)
excise tax
The only constitutional tax beside tariffs the the federal gov can use to raise revenue.
Excise tax is levied on certain items which are not nessacary for life.
Achohol tax (if ya dont want to pay it don't drink)
Gas tax (don't drive if ya don't wana pay
Ciggerette tax (don't smoke don't pay)
Git it.
Watch freedomtofascism.com
Wikipedia definition of
Wikipedia definition of Excise Tax:
Excise or Excise tax (sometimes called an excise duty), is a type of tax charged on goods produced within the country (as opposed to customs duties, charged on goods from outside the country).
...
In other words, not as you said above.
Which one is the correct definition?
Thanks.
YOU are SO correct...
I TRY to explain this to people regarding the only FAIR taxes.
There is a MAJOR PROBLEM with the federal income tax called the "UNDERGROUND ECONOMY."
There are 3 major types noted here, which do not pay a penny of income tax:
1. The illegal economy: Criminal activity for profit (like prostitution rings, drug rings, theft rings, illegal gambling etc). Sadly, only the good, law abiding citizens carry the burden of the federal income tax. In essence, this is like being penalized for earning money legally and reporting your income.
2. Cash earnings which are never reported and have no paper trail. Also known as working "under the table. Also, bartering for goods or services where no taxes are collected.
3. Illegal aliens working and never reporting.
So, the income tax is the most unfair and immoral tax and should be abolished.
Here are a couple of ideas for taxes to replace a federal income tax.
1. In one of her books, Ayn Rand suggested a National Lottery as a revenue source for federal government.
2. Even a federal SALES tax (Excluding food and medical care) would be acceptable as it is voluntarily paid.
Now...HERE are the kickers:
First, there would be no more people in prison for tax evasion as taxes would be collected at the point of purchase (or lottery).
Secondly, the IRS and the TAX CODE could be greatly simplified and we could dump the very complicated procedure we go through each year at tax time.
APRIL 15th would CEASE TO EXIST as a tax deadline and would once again become just another beautiful spring day.
Actually the illegal alien working and not reporting part
is small and, due to regulation, getting smaller.
The number of citizens who work under the table is really significant. I've been an independent business man for 30 years. People would call me looking to work under the table and half of them were GD government employees on disability!
The income tax will be abolished as soon as everyone learns the truth.
The true defense budget is 51% of tax receipts. There are a host of sites that do honest budget analysis.
Unconstitutional wars and 700+ foreign bases are expensive.
Keeping the truth from Americans is expensive too.
The Real Problem
I see it more as a case of the Free Economy having a MAJOR PROBLEM with illegal gov't confiscation of resources. (commonly called taxes.) The vouluntary free exchange of goods and services (between adults) goes back to the dawn of time and there's nothing immoral about it if all parties do so of their own free will. The only thing making such exchanges "illegal" (and thus very profitable) is a written law. With the collapsing "legitimate" economy, the gov't will keep turning a blind eye to the "underground" economy....cuz it's the only thing keeping us aflloat. Wanna save the US economy: End the income, savings and capital gains tax. De-criminalize pot and prostitution and tax it. Save billions in law enforcement, bribery and put narco-terrorism out of business.
Do it not and we'll be in a Depression this time next year.
"..shall not be infringed."
No replacement
RP says: do away with personal income tax and replace it with.....nothing. If the gov't returned to a 2000 spending level, the other taxes would cover the budget. Just downsize gov't.
Besides, when you remove a deadly tumor, do you ask: "What will replace it?"
"..shall not be infringed."
come again?
How would a SALES tax be voluntarily paid? And how where does the government have the authority to tax intrastate commerce? Answer: It doesn't.
FairTax
is voluntary because it is only on NEW items. And you only pay it if you by something new. People who buy less, pay less. People who buy a used house, used car, used clothes, used toys, etc., pay no sales tax. No tax is paid on food because everyone receives a rebate up to the poverty level to do anything they want to do with it each month and it is not taxed. No filing, no record keeping, no accounting fees, no late charges. Corporations are not taxed either and therefore all the hidden taxes in products are removed and prices come down. So the prices would come down with competition and the tax would be levied onto it so the prices of goods would stay about what they are today. But we would be FREE of the IRS. Part of the bill is to "repeal" the unratified 16th amendment so that they could not start taxing us again.
Monthly Receipts, Outlays, and Deficit or Surplus, Fiscal Years
Spending this year through October and Monthly Receipts, Outlays, and Deficit or Surplus, Fiscal Years 1981-2009:
http://www.fms.treas.gov/...
No one can run a business or family with this kind of spending.
check out aaron russo's film.
if i recall correctly http://www.freedomtofasci... has a list of all the different taxes you pay.
you might find that clip on youtube.
Payroll taxes, corporate income
tariffs, fines, fees, property seizures. to name a few
Its BORROWED AND NOW JUST
Its BORROWED AND NOW JUST PRINTED. Where do you think the debt came from?
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
So government have only 2
So government have only 2 sources of income, income tax and the federal reserve. That does not make any sense.
A former head of the New
A former head of the New York Federal Reserve, Mr. Beardsley Ruml stated that under a fiat system there was no real need for taxation. He stated that the only reasons for taxation on the "national" level was to maintain social control, redistribute the wealth and to enforce the use of fiat currency by requiring people to pay taxes with the "legal tender fiat money".
Feel Duped Yet?
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater