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Why there was no income tax before 1913, That is the year that the Federal reserve was put into place, The IRS was put into place soon thereafter. Income tax is used to pay just the INTEREST on the federal debt.
originally posted by: hombero
a reply to: Artemis12
Lol. Guess you guys don't want roads, water, gas, police, fire, ambulance. By law officers, government workers. DMV.
Who's gunna pay for that?
originally posted by: PraetorianAZ
originally posted by: hombero
a reply to: Artemis12
Lol. Guess you guys don't want roads, water, gas, police, fire, ambulance. By law officers, government workers. DMV.
Who's gunna pay for that?
Roads and the DMV are paid for by property taxes and indirect taxes like the gas tax.
Gas is a commodity so we are not taxes for companies to refine it but we pay for the finished product then pay taxes on that.
Police and fire are paid for by property taxes and in most cases city sales taxes.
Ambulances are almost completely private organizations so your taxes don't fund them but you pay for their services and pay taxes on that.
Most importantly is water which once again is a commodity that is sold to you then taxed. Your tax dollars do not pay for the water coming into your home. They may pay for other projects for water treatment etc. But you still pay for the end product on that one.
Currently, the only thing income tax does is pay the interest owed to the federal reserve for the money we borrow.
originally posted by: o0oTOPCATo0o
a reply to: neo96
What about your second sentence makes the first one true?
originally posted by: Archivalist
a reply to: hombero
All money (USD direct liquid cash) in the United States is issued by the Federal Reserve, as debt, because we're retarded and don't understand economics.
Then the government goes around panhandling to get some amount of that money back from the people. (Taxes)
Most of the reason it occurs this way, is to track monetary distribution to determine where tax dollars need to be spent, to "award" individuals based on the distribution, and because thousands of jobs rely on the tax system. (Tax preparation, accountants, IRS, anyone involved in public sector budgeting)
It's pretty much the same as the DEA and the war on drugs.
We don't need this system. End of story. It is no longer necessary. Technology is able to track the flow of funds in the marketplace directly. We do not need taxes for this.
Solution: Abolish taxes.
(Who gonna pay for Public infrastructure? The federal government will. How? Dun da dun dun. Take out the middle man, us.)
The federal reserve hands us a plate of a dozen cookies. The federal government begs us for 4 of those cookies back.
Solution is easy to see here.
Federal reserve hands us 8 cookies. Federal reserve hands federal government 4 cookies.
We never need to see all 12 cookies at all. Taxes can be abolished. End of story. (Herman Cain loved this idea, he thought it was too drastic, so the 999 deal was his in between.)
Name one thing that we need the tax system for, that having the reserve issue those same dollars to the federal government won't accomplish. (PS, can't use the jobs I mentioned, as a reason.)
originally posted by: o0oTOPCATo0o
a reply to: Qboneq
It's illegal because what we make from working is not 'income'
It's a fair trade between wage/money and services rendered.
The ironic part is that actual 'income' (interest, stocks, ect.) are taxed less than our 'income'
(PS don't quote me on that last part, but I'm pretty sure)
originally posted by: Archivalist
a reply to: ScepticScot
Your first point. Do you think we'd switch to Bitcoin if taxation stopped? No.
USD has global market proliferation and dominance in the US. It would take more than a century for that type of change, by then there will be a better solution anyway.
You're going to need to cliff note me on your second point though. How does taxation suppress inflation? We have a multitude of other legislation that combats inflation, why does that regulation need the help of taxation?