Where does your income tax go? Yet we are still Trillions of dollars in debt??

Just to open some eyes with the numbers. I have no exact data, but according to Wikipedia there are around 146,743,000 people in the U.S. which are employed.

Now let's take an average salary of $30,000

Everyone loses around 30-35% of their pay on taxes. Now I know this goes to different sections, Federal taxes are the highest, you also have MediCare, Local & State taxes, so on and so on...

Take 30% of $30,000 salary (average) from 146,743,000 people.
This equates to $1,320,687,000,000

This is almost 1.5 trillion dollars a year in taxes.... Where is all of this money going?? That is a lowball figure because I personally lose 36% on taxes and make way more than that average salary also. But just in a general example to open some eyes.

We never ask these questions and just do it.

Does anyone understand that the founding fathers did not want an income tax?? It is getting ridiculous and there is nothing anyone can do.

1.32 trillion dollars a year!!! Unbelieveable..

Does anyone else think this is as crazy as I do?? Someone needs to make a change to this scam... You have to pay to work...Unreal

You are 100% correct imo. Our founders would have been shocked at the very idea of taxing our incomes. It is done as the new form of serfdom. You must pay your lord and master for the privilege of breathing. Property taxes are even more egregious in my opinion. With those the fruits of your labor can be seized at any time if you fail to pay the land rents to the lords of the manor. It is time to stop. Stop working and paying taxes. Buy only what you absolutely need to live. Buy used cars if you need one. Walk more, bike more. Stop spending money and sending taxes to be squandered. Buy used clothes from thrift stores or flea markets. Shop yard sales for the things you need. It is our only non-violent option.

Sometimes I just have to repeat myself....

The Federal Reserve bank is a private banking entity which has a legislated monopoly on monetary policy and interest rates; ALL (emphasizing ALL) of the federal taxes we pay go directly to service the debt our government has with this bank, not one penny goes anywhere else. The annual taxes on the fruits of our labor go there; precisely as those who founded our nation warned us against.

Originally posted by sonofliberty1776
You are 100% correct imo. Our founders would have been shocked at the very idea of taxing our incomes. It is done as the new form of serfdom. You must pay your lord and master for the privilege of breathing. Property taxes are even more egregious in my opinion. With those the fruits of your labor can be seized at any time if you fail to pay the land rents to the lords of the manor. It is time to stop. Stop working and paying taxes. Buy only what you absolutely need to live. Buy used cars if you need one. Walk more, bike more. Stop spending money and sending taxes to be squandered. Buy used clothes from thrift stores or flea markets. Shop yard sales for the things you need. It is our only non-violent option.

Well said my friend. I wish I could star you a hundred times. I have been complaining (to put it nicely) about buying the kids cheap China made toys at the dollar store. Man that ticks me off. the friggin things break within 10 minutes. All while the chinaman is counting my money sitting poolside with the hookers.

this site gives some info as to where the money goes

www.usgovernmentrevenue.com...


in a nutshell, Obama has promised more money than is actually in circulation (not sure where I read that but I did, possibly on CNN).

What this means is that he owes more US dollars than actually exist. All the tax revenue in the world won't help when you are giving away more money than you have.

reply to post by Maxmars

Really? Debt service huh? That's it?
Nothing goes to military contractors?
Nothing to federal salaries?
Why do government workers keep working? Why do weapons makers keep making weapons?
www.warresisters.org...

reply to post by Phage


That's right. Not one penny. Every penny that goes to operations of government is borrowed first from the Federal Reserve Bank.

We are now, and have been behind the 8-ball for quite some time.

Unless you want to believe that your tax dollars are actually funneled magically 'out' of the bank.... it's just a shell game - it has been for a long time.

reply to post by Phage


I am sure there are many other taxes that can service those debts.

reply to post by Chrisfishenstein


Our GDP (Gross Domestic Product) is 14.6 trillion.
Our current debt is 14.4 trillion.
Our unfunded mandates total 114 trillion, ten times our GDP.

If everyone in the US were taxed 100% of their income it would just cover the current principle on our debt, leaving nothing to cover the legal mandates like Social Security, Pensions, Medicaid, Medicare, Food-stamps and all the other handouts..

We are broke. There is no more money to give to people and if we don't cut the mandates down to a manageable level, our future is destroyed. People like the Union Leaders screaming for more handouts are helping to increase the unfunded mandates to an even higher level. The money they are demanding, does not and will not exist. They are knowingly attempting to destroy us, along with the entitlement crowd also demanding more handouts.

In Europe they are rioting for handouts in countries in worse shape than us. In Greece, even though they have already spent themselves into bankruptcy, their citizens are still rioting for more.

I can only wonder what part of the bank is empty don't people understand? Rioting for things that do not exist could be defined as insanity I think. Problem is that people have enjoyed government handouts for so long now, they are brain-dead on this issue. It's like feeding a wild animal. You get them used to handouts, you run out of food, they starve because they do not know how to make it on their own. Same thing happening here.

Every time a Politician buys your vote as Obama has been doing at an alarming rate, they also put another nail in YOUR coffin. They don't care as they have made other arrangements to be among the elite and powerful as the rest of us slip into abject poverty, giving them more control over us. It's a new form of slavery and soon the handouts will stop and the hunger begins.

This is why and how Socialist ideas always lead to a two class society, ALWAYS. They know exactly where this is headed and we are just future slaves to support their lavish lifestyles. They can't keep us as literal Slaves now, so they use this method.

Don't fall for they can tax the rich as the rich already pay nearly all of the taxes and the poor pay no taxes at all as it is now. Surprisingly those screaming the most about taxes don't pay any now.

Enjoy the show as government slowly takes over businesses and eliminates all opportunities for anyone not in the Elite with the Unions help. The Unions will be the new Party and you're either a member or you starve. The Unions will be used to control us completely.

The Communist's / Progressive's / Socialist's said they would take us without firing a shot and they have done just that. When people are hurting enough, they will willingly fall into line and serve the Master. It should have been obvious when the kid's started chanting Obama's praise in the classrooms the same way it was done for Chairman Mao. He jumped the gun a little, but it's getting close.

It goes to places like. Pakistan, Egypt, Israel, Libya. All in an effort for "aid". We are basically giving the money to countries who harbor terrorists, you think that $ doesn't end up in their hands? We'd be fools not to think so. We would rather try and bring "peace" to the middle east because our interest in oil, than help those who need it the most here at home.

reply to post by Irish614


That's all borrowed too.

Your income tax goes to pay the INTEREST on the loan made to the country by the Rothschild private banking cartel, also known as the Federal Reserve. The capital is never repaid, and that's one of the reasons why the country is bankrupt.

reply to post by Maxmars

I understand what you are saying but couldn't the same logic be used to say that 100% of income taxes are being used to service foreign and private US debt? We've "loaned" the government a lot of money (notes, bonds). It's "us" (and them) to whom that interest is paid.

reply to post by Phage


Valid perspective.. but - and perhaps I'm showing a bit of the conspiratorial side here - I think that we would have to consider the Federal Reserve Bank as "us" for it to hold water. As a private entity, it seems they are not exactly preoccupied with the nation as anything other than a source of revenue to exploit.

Ultimately, the downside of all this seems that we have no 'traction' to eliminate this debt (as monetary policy and banking practices work now.) Since it is not in our power (not even our government it appears) to change that model, we are not going to pay it down ever.

Unfortunately, the common financial industry spin, is to make it appear as if what we spend on our services and obligations comes from the tax-base, ignoring the fact that it is first subjected to interest-bearing debt for the owners of the FRB. A fact which I have been hoping some 'major' politician will address. Unfortunately the only one's who do seem to be 'choreographed' out of relevance.

But I digress. Sorry.

Originally posted by Chrisfishenstein
Just to open some eyes with the numbers. I have no exact data, but according to Wikipedia there are around 146,743,000 people in the U.S. which are employed.

Now let's take an average salary of $30,000

Everyone loses around 30-35% of their pay on taxes. Now I know this goes to different sections, Federal taxes are the highest, you also have MediCare, Local & State taxes, so on and so on...

Take 30% of $30,000 salary (average) from 146,743,000 people.
This equates to $1,320,687,000,000

This is almost 1.5 trillion dollars a year in taxes.... Where is all of this money going?? That is a lowball figure because I personally lose 36% on taxes and make way more than that average salary also. But just in a general example to open some eyes.

We never ask these questions and just do it.

Does anyone understand that the founding fathers did not want an income tax?? It is getting ridiculous and there is nothing anyone can do.

1.32 trillion dollars a year!!! Unbelieveable..

Does anyone else think this is as crazy as I do?? Someone needs to make a change to this scam... You have to pay to work...Unreal

ummm I think you are way off. Check the facts here for a FULL DETAILED Breakdown of the Budget. But in an AWESOMO infographic!!! (if you look and zoom in on the bottom right hand corner of the infographic, you will see a breakdown of the total budget):

www.wallstats.com...

Basically you need taxes to pay for roads, schools, and defense (Amid all of the other departments, and other quality of life things that EVERY american needs). If we didn't have income tax, how do you suppose we raise money to pay for this? Would you be willing to pay all of your salary? Or would you rather EVERYONE pay a small proportion of their money earnings, in a equitable manor, as we have it today?

With you saying you don't want to pay taxes is like saying, who needs roads? If you are rich, you can pave your own roads. No taxes woo hoo, if you have money you can buy guns and tanks and invade countries, but if you are poor, well good riddance on defending yourself. If you want US to prosper, then you should like to pay your taxes, because you are helping our country help each of its citizens. Take away taxes, and then you just have tribes and clans of people supporting themselves which is NOT good (refer to mankind history). The more united, the more sharing of the wealth, the better the outcome.

Remember you are only as STRONG as your weakest LINK! (think about that when you don't like that some of your tax money goes, like to welfare, and other things you disagree with).

reply to post by Maxmars

The Fed is not "us". I didn't say it is. The Fed bought government bonds. You can buy government bonds too (though probably not $900 billion). Of course, they're able to print more money to do so but if they hadn't bought them someone else would have. The government has to borrow money and pay interest on that debt. If not the Fed then someone else. That's just the way money and borrowing works. As Navin (Steve Martin) said; "Ah! It's a profit deal."

I don't like it but that's what happens when you live beyond your means. I try not to do so because it's my money and I don't like paying interest with it (I mostly consider my mortgage interest an investment expense and a writeoff). But our politicians don't really care because it isn't theirs. At least they don't see to think it is.

reply to post by uSNUUZuLUUz


Again; it's all borrowed first.

Originally posted by Maxmars
reply to post by uSNUUZuLUUz

 

Again; it's all borrowed first.

Yes, in the GRAND SCHEME of things that is correct. However, the OP just wanted to know some more insight into the actual budget and where the numbers come from.

It's just like, if say you have a house mortgage, and you decide to rent it out. Your loan is with the bank. In this case YOU are the government. However, you also make a budget to include the renters pay, your other income, and all of your groceries and other bills, in addition to the payment to the bank for the original mortage. In this case, The OP is the Renter, and wanting to know where his money goes. Not only does it pay the mortgage, but it also pays damages to carpet, lawn care, etc. I think the OP wanted to know where his money was going, NOT the ultimate debt location.

either way, it definitely worth checking out the breakdown of everything in an INFOGRAPHICwww.wallstats.com...

Originally posted by Chrisfishenstein
Just to open some eyes with the numbers. I have no exact data, but according to Wikipedia there are around 146,743,000 people in the U.S. which are employed.

Now let's take an average salary of $30,000

Everyone loses around 30-35% of their pay on taxes. Now I know this goes to different sections, Federal taxes are the highest, you also have MediCare, Local & State taxes, so on and so on...

Take 30% of $30,000 salary (average) from 146,743,000 people.
This equates to $1,320,687,000,000

This is almost 1.5 trillion dollars a year in taxes.... Where is all of this money going?? That is a lowball figure because I personally lose 36% on taxes and make way more than that average salary also. But just in a general example to open some eyes.

We never ask these questions and just do it.

Does anyone understand that the founding fathers did not want an income tax?? It is getting ridiculous and there is nothing anyone can do.

1.32 trillion dollars a year!!! Unbelieveable..

Does anyone else think this is as crazy as I do?? Someone needs to make a change to this scam... You have to pay to work...Unreal

It has been stated by myself and MANY others here, I give 100% of my blood, sweat and energy to a PRIVATE SECTOR BUSINESS, I DEMAND 100% of my compensation. The IRS is a THIRD PARTY INTERLOPER.

We ALL need to take a stand against this illegal and unconstitutional organization. I DO NOT work for the federal government nor the "state" government, THEREFORE I do not have ANY state or federal INCOME to be "taxed.

It is VERY SIMPLE really, because WE recieve "federal" benefits, I do not know what they are because I do not recieve them, but THAT and the Zip Code make US federally "created" entities and therefore LIABLE for the federal income taxes. It IS all a scam and there is such a somple way to solve it IF we could ALL get on the same page.

It is so sad that most of the population does not get it.

Originally posted by Phage
reply to post by Maxmars

 

Really? Debt service huh? That's it?
Nothing goes to military contractors?
Nothing to federal salaries?
Why do government workers keep working? Why do weapons makers keep making weapons?
www.warresisters.org...

edit on 5/23/2011 by Phage because: (no reason given)

NOPE, not ONE RED CENT, goes to the Military or even Social Insecurity, IT is all funded by the IMF.

Phage, although I may have a tiny bit of respect for you, your knowledge of this subject is daft at best.

THERE IS NO MONEY, HJR-192 was the House Joint resolution that TOOK the gold from the public and we were given IOU's, in the form of "Federal Reserve Notes" to play with. You can not pay a debt with a debt instrument, it's that simple. They, the Federal Reserve, print paper money out of thin air, it only has the value that YOU give it by your labor. It is that simple. THERE IS NO MONEY. He who has the gold pays the bills.

Because of HJR-192 it is unlawful for anyone in America to pay a bill with couterfiet money, Federal reserve notes ARE counterfiet money, until everyone realizes this, it continues, but when the cat is totally out of the bag, it is all over, the Banking Charter is up.........December 21st 2012. THAT is the only significance of that date period!