It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Why we do not need income taxes

page: 1
3

log in

join
share:

posted on Sep, 21 2010 @ 09:25 PM
link   


Why an Income Tax is Not Necessary
to Fund the U.S. Government

Also available on audio for free; click here.
Download to a CD or IPod and help get the truth to family and friends

Devvy Kidd
Originally published and copyrighted in June 2001
Changes in text (c) 2005

Can this statement possibly be true? In order to answer this question, Americans must first understand what is the source of the money that funds the government and where it goes. Contrary to the sound bites issued by the two mainstream political parties, the reality of how the system actually works will not only open your eyes, but hopefully stimulate the American people to demand that the thievery underway come to an end.

Where do your "income" tax dollars go?

The best place to look for an answer to this question would be a government report, so let's take just one at random:

President's Private Sector Survey On Cost Control
A Report to The President (Reagan)

January 15, 1984. Available from the Congressional Research Service.
The excerpt below can be found on page 12.

"Importantly, any meaningful increases in taxes from personal income would have to come from lower and middle income families, as 90% of all personal taxable income is generated below the taxable income level of $35,000.

Further, there isn't much more that can be extracted from high income brackets. If the
Government took 100% of all taxable income beyond the $75,000 tax bracket not already taxed, it would get only $17 billion, and this confiscation, which would destroy productive enterprise, would only be sufficient to run the Government for several days.





Pretty self explanatory for anyone who cares to read this.

SOURCE

 
Mod Note: Starting A New Thread – Please Review Link

AboveTopSecret.com takes pride in making every post count. Please do not create minimal posts to start your new thread. If you feel inclined to make the board aware
of news, current events, or important information from other sites, please post one or two paragraphs, a link to the entire story, and your opinion on the information as
a means to inspire discussion or collaborative research on your subject.






edit on 21-9-2010 by GAOTU789 because: (no reason given)



posted on Sep, 21 2010 @ 09:47 PM
link   
here is another good link for a little further understaning...

www.rayservers.com...



posted on Sep, 21 2010 @ 10:29 PM
link   
Thanks for the link. I will surely read it as well, when I get through the entirety of this one... there are lots of links on the end of that source I posted.



new topics
     
    3

    log in

    join