The federal income tax is a bad joke and it needs to be abolished. All over the nation, hard working American families are being absolutely crushed by oppressive levels of taxation, and our politicians are constantly coming up with new ways to extract money from all of us every single year. Meanwhile, many ultra-wealthy Americans and many of the most profitable corporations in the country pay little to nothing in taxes. In fact, as you will see below, there are dozens of very prominent corporations that make billions of dollars in profits and yet don’t pay a dime in taxes. Tax avoidance has become a multi-billion dollar industry in the United States. Those that have the resources to “play the game” use shell companies, offshore tax havens and the thousands of loopholes in our tax code to minimize their tax burdens as much as possible. Meanwhile, the rest of us get absolutely hammered. This is fundamentally unfair. The federal income tax system is irreversibly broken at this point, and it is time to abolish it. If you think that the federal income tax system can be “fixed”, then you probably have never studied it. Our tax code is nearly 4 million words long and it is absolutely riddled with thousands of loopholes that favor big corporations and the ultra-wealthy. We should come up with a better, fairer way to fund the government. The United States once prospered greatly without a federal income tax, and it could do so again.
Many people simply do not believe that it is possible for corporations inside the United States to make billions of dollars in profits each year and not pay a dime in income taxes.
Well, according to a report put out by Public Campaign, that is exactly what is happening. Posted below are numbers that come directly from their report. 30 large corporations are listed, and 29 of them had a tax burden for 2008 through 2010 that was less than zero even though they all made enormous profits. And all 30 of them spent more on lobbying than they did on taxes.
The numbers that you are about to see are for 2008, 2009 and 2010 combined. For “taxes paid”, please note that for 29 of the corporations a negative number is given. That means that the net tax liability for 2008 through 2010 was actually less than zero.
After seeing these numbers, is there anyone out there that is still willing to claim that our tax system is “fair”?…
Read More at theeconomiccollapseblog.com . By Michael.
Photo Credit: 401K 2012 (Creative Commons)
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It does not surprise me, the tax code is written by the rich for the rich. Flat tax for everyone.
The tax system should be changed by a constitutional convention ordered by the states. In such, there should be an amendment to limit the feds ability to tax to a 10% flat tax with no deductions and a 5% social security tax capped at 100,000 with an inflation adjustment tied to the cap every five years.. This should apply to corporations and citizens. Then the states can implement their own tax system and people can vote with their feet. This would cause a drastic reduction in federal spending and the closure of many division (IRS, Education, Dept of Energy…). The federal spending should be directed to defense. Charity or entitlement programs should be eliminated and moved to the states (medicare, etc…). Social security tax should also be capped and the amendment should force the Feds to save the money and place it in the market similar to the way that the Alaska permanent fund is managed.
I like your Ideas, BUT, there is that word the Big, Bad, Behemoth, Bloated, Bankrupt Gimme-mint would LOSE Control of “We the People” and they will not let that happen. For them it is ALL about Controlling US!
People, please go to the link I provide and sign the petition to Congress to investigate of the Criminal-in-chief’s use of forged IDs. 35,464 Americans already signed it. Clock is ticking. Act now!
Please pass it on to all your e-mail contacts. Thanks.
http://www.petition2congress.com/9026/start-immediate-investigation-barack-obamas-use-forged-ids-ct-ssn/?src=widget
P.S. The Supreme Court of the United States does not state whether the Orly Taitz case was granted or denied, no answer yet, NO TREASON YET by the justices of the Supreme Court. So let’s pray for their WISDOM.
Go to the Orly’s website and look for her Reports.
Orly Taitz’ Website is: http://www.orlytaitzesq.com/
“Fiat justitia ruat caelum” – “Let justice be done though the heavens fall”
TAXES are how they CONTROL us or one way they are doing it. It is ALL about how they can Control “We the People” and they will NEVER give up their Control methods.
Talking about taxes, there should be a better way of funding schools than property taxes. Actually I would like to see all property taxes gone. Spend a lifetime paying off your home, and when some crisis happens to put you into financial trouble you are liable to loose your home to delinquent taxes. Even retired people run the risk of loosing their homes because there income decrease and taxes always increase.
I understand that taxes are a necessary part of society, it funds the greater good. I provides infrastructure and protection and a host of other things needed. But our system of taxing has become out of control and has become a necessary greed on governments part.
Those in power tend to be generous with our money, they take from the productive part of society and give to the unfortunate, but also to the lazy and undeserving. As more and more people become dependent and unproductive the burden of increased and new taxes increases upon those who remain independent.
We give our money to countries like it was candy at Easter, I do imagine there a a few, maybe a very few that deserve our help. We give to despots and tyrants who keep most of the money for themselves, we give to countries who despise us and want to destroy us. We give money away at an alarming rate.
I have to say, being online and in world, the people who I talk to or who post on forums all agree on the same view that things are wrong, but, I don’t understand why we can’t all get together to stop this madness. I haven’t met one person who tells me they want more or higher taxes placed on them.
I imagine if I where able to discover all the hidden taxes on the things that I purchase and services I pay for that when combined it will equal to more the 70% of my income.
I live in New York state and like California we are taxed to death and environmental regulations have a real cost to residents of this state along with social programs, public unions and school systems. We keep raising taxes but never get out of debt.
I am being forced to consider selling everything and moving out of state to a more friendly climate, I know that i an not the first to consider or do this. It is a shame that a state can make living within its borders so costly that it drives people out.
“I understand that taxes are a necessary part of society, it funds the greater good.”
gjkozy,
For your information, taxes are NOT a necessary part of society, and the federal government has no business funding ‘the greater good.’ Who defines the ‘greater good’? It is no more than theft from taxpayers to support something the government wants. Marxism in action.
The main responsibility of the federal government is defense of the nation and its citizens. It’s secondary responsibilities is to provide a legal and financial structure that that allows the society to live together without preying on each other and for the States to treat all other States fairly in legal and financial matters.
EVERYTHING else is the responsibility of the States and the People. No ‘greater good’–just individual rights, authority, and individual responsibility.
Ouch, but thanks for the education.
I would like to see a tax based on consumption. The more you can afford to buy the more tax you pay. I would also like to see the taxes raised on items the middle class cannot afford to buy… Mansions, yachts high end autos and jewlery, etc. Return all the money a person paid into Social Security back to them and do away with SS. Everybody I say that to have been so programed about SS the first thing they say: Aur you crazy? What would our do? How would they be able to afford to live etc. Let people be responsible for their own retirement. People got by long before SS was established. If an elderly person got in a spot there were family, friends, and chuches who helped them, and they did not have to worry about the Government spending THEIR money they worked for and put into a fund for THEIR retirement.
I am a veteran and have the priviledge of being covered by the VA for my medical insurance. I had chest pains, called an ambulance. Told them to take me to the VA, They said: “We can’t do that we have to take you to the nearest hospital.” I found out that was a lie, because I was coherent. besides they did not take me to the nearest hospital. When I reached the ER I told them to call the VA and and transfer me. They told me they called the VA and was told the VA did ot have any beds. That also was a lie. When I told them to bill Medicare. Medicare declined, because part A does not cover ambulance, hospital or doctor. Therefore all the money I paid into Medicare for over 40 years was for NOTHING! When I asked to have the money I paid in returned to me the woman laughed. The VA turned ne down because they said Medicare was my primary even tho I never used it in the past. It took a while, but all is good now. Just because you pay into SS and MC is not a guarantee it will be there for you. Make sure you rely on YOURSELF for your retirement. They put Bernie Madoff in prison for running a Ponzi scheme and our SS system is the biggest Ponzi scheme going. You have to have working people paying to make it work. With Obama giving out all the freebies giving the people the incentive not to work means less people are paying into SS therefore sooner or later thay will have to raise the retirement age and cut benefits. Be responsible for your future. DO NOT depend on the Government!
It wrong to call remuneration “income” in the first place. A man/woman ‘s payment for labor performed is remuneration. And, it was never included in what Congress could legally TAX.
Executive orders from the President to once again direct the Treasury Secretary to: replace “Federal Reserve Note” with “United States Note” on our currency, cease borrowing from the Federal Reserve, and cease paying them, will liberate us. The Federal Reserve was created by Congress with the Federal Reserve Act. That Act can be repealed, be ruled Constitutionally void from its inception, or be simply ignored. Congress was empowered, not directed, to collect income tax by the 16th Amendment. That Amendment can also be ignored. No Constitutional convention is necessary. There are many ways to skin this cat of servitude.
The States should be encouraged to start and regulate their own interest-free infrastructure loan banks like North Dakota’s. [Proof] [Proof] Many other States [Proof], including The Washington Public Bank Coalition [Proof], are following North Dakota’s fine example. No bank should ever be permitted to charge interest. Would you rather pay $100K or $200K for the same home; $20M or $40M for the same school; nothing or $400B for the same defense budget? Don’t settle for the pathetic interest crumbs from an IRA or a 401(k). It’s no coincidence that those promoting debt slavery also promote political slavery; both are tactics of tyrants. Defeat them.
The continued existence of the Federal Reserve crime syndicate and all other interest charging private banks bleeds our lifeblood and threatens our national survival. Their money is created out of thin air and is backed by nothing, yet we idiotically pay face value plus interest for it! A money supply that we print for free, and regulate, to pay for our interest-free and fairly valued costs of government operations under a tight budget can never cause debt or inflation, if indexed to productivity. It will result in no taxation. It will unleash enormous prosperity and freedom.
Our Presidents knew that our best laid plans will be futile until we destroy this private central banking/Machiavellian ball and chain. But it must be destroyed, because it is destroying us. All of our bogus federal taxes pay the bogus interest on the bogus national debt. Over forty percent of the prices of all goods and services are ultimately comprised of bogus interest. Interest and taxes are vestiges of archaic ignorance, parasitism, and tyranny — we’re so much better than that. Time to stop being stuck in stupid and advance our civilization.
From: http://elect.ErnestHuberForCongress.com/
Cain had the best idea.. but no one ever gave birth to it…. Obama takes suggestions from NO ONE..
Study the congressional discussions preceding the federal reserve act and the sixteenth amendment of 1913 and recognize the destructive design of their conspiratorial intent. Then study the History of Gordon Kahl’s first amendment tax resistance epic of 1983 https://en.wikipedia.org/wiki/Gordon_Kahl after which you may itemize your risks.and what will be required to expedite any change. Or the case won by Tommy K Cryer in 2008 without posing any defense http://wesawthat.blogspot.com/2007/07/shreveport-attorney-tommy-k-cryer.html
“The court could not find a law that makes me liable or makes my revenues taxable,” Cryer said. “The Supreme Court has ruled that the government cannot impose an income tax on anything but the profits and gains. When you work for someone you give your service and labor in exchange for money, so everything you make is not profit or gain. You put something into it.”
Fear exhibited by the parasites suffering guilt complex is becoming rampant. Biden would prefer that you only need the limited range of a shotgun to satisfy second amendment rights as per the current attempted infringement.
It’s really sad that they all won’t retire to Chicago.. Outside of any political party reservations is patriotism once again rising to the occasion?