tagged w/ Tax
-
-
BONN, Germany – Carbon taxes, add-ons to international air fares and a levy on cross-border money movements are among ways being considered by a panel of the world's leading economists to raise a staggering $100 billion a year to fight climate change.
British economist Nicholas Stern told international climate negotiators Thursday that government regulation and public money also will be needed to create incentives for private investment in industries that emit fewer greenhouse gases.
In short, a new industrial revolution is needed to move the world away from fossil fuels to low carbon growth, he said.
"It will be extremely exciting, dynamic and productive," said Stern, one of 18 experts in public finance on an advisory panel appointed by U.N. Secretary-General Ban Ki-moon.
Potential revenue sources include auctioning the right to pollute, taxes on carbon production, an international travel tax, and a tax on international financial transactions, as well as government grants and loans. Each could produce tens of billions of dollars a year, Stern said.
The advisory panel is chaired by the prime ministers of Norway and Ethiopia and the president of Guyana. Its members include French Finance Minister Christine Lagarde, White House economic adviser Lawrence Summers, billionaire financier George Soros and public planners from China, India, Singapore and several international banks.
more at link...
Yea, extremely exciting b.c you figured out how to rob the world and fold us into a NWO, you eco-fascist scum. The only problem is the people are waking up to your CO2 Ponzi-scheme. Notice not 1 environmental person referenced in the article, only financial and economic snake oil salesmen hell bent on getting a monopoly on global resource control and life itself by taxing the very air and that plants use for photosynthesis, which oxygen is a byproduct of we therefore breathe b/c they say its gonna kill us, when the AGW Global Warming is a hoax and a fraud.
If you care about the environment, nature, your Bill of Rights, your job, your family, your neighborhood, anything good, yet you have been conned by Al Gore and the NWO media machine, which is scientifically programmed to brainwash and pluck at the heartstrings of human emotion, there is still time to wake up the the New World Order. From the top of the pyramid down, these f@ckers want to kill us, plus there's so many useful idiots, compartmentalized and ignorant, who are given power and wealth that push forward the creeping death of tyranny, not knowing that their kids will be slaves too, which makes it very difficult to break free from the matrix. Not to mention the chemical, biological and genetically modified attack on the public with soft-kill weapons through the air, food, water and pharmaceuticals.
Enjoy your tax bitches...I'm gonna be on some 1776 shit.BONN, Germany – Carbon taxes, add-ons to international air fares and a levy on... more
-
-
The New York State budget is finally a done deal. Hold on to your wallet!
The 125-day late plan for 2010-2011 brings a $9.2 billion deficit under control, but it also means you’ll have to pay more in some taxes and fees. Those taxes and fees part of a $1 billion revenue bill passed by the Senate Tuesday night which literally hits a lot of us where we shop and where we live.
Governor Paterson says the budget may not have ended up the way he wanted it – but it closes a huge deficit and does not include new debt. Governor David Paterson said, “It was a meaningful budget in that in spite of all the discussion earlier in the year, there was no borrowing. We didn’t borrow a dime.”
Here’s a breakdown of what the budget does and does not include.
- $1.6 billion in STAR rebate checks won’t be going out this year.
- The per pack cigarette tax that went into effect a few weeks ago now becomes permanent.
- A temporary reinstatement of a 4% percent state sales tax on clothing under $110 as of October 1.
- The state’s richest New Yorkers will lose half their deductions for charitable giving, but a tax aimed at hedge fund managers was dropped.
- $1.4 billion school aid cut backs as well as a contingency plan if New York loses out on all or part of the $1.1 billion of federal Medicaid assistance funds it hopes to collect
- The budget does not include the sugary drink tax the governor pushed for.
- No plan to sell wine in grocery stores.
- No plan to let SUNY and CUNY schools set their own tuition rates.
- $100 million in business tax breaks are being delayed.
Read More about the budget and the reaction here:
http://morichesdaily.com/2010/08/impact-finally-passed-york-state-budget/The New York State budget is finally a done deal. Hold on to your wallet!
The... more
-
-
Obama Signs War Funding Bill
President Obama has signed into legislation a war funding bill that provides $37 billion more for the wars in Afghanistan and Iraq. Obama signed the bill Thursday without public remarks in a low-key Oval Office session. With the new war spending, the total amount of money that Congress has allotted for the wars in Iraq and Afghanistan has now surpassed $1 trillion.Obama Signs War Funding Bill
President Obama has signed into legislation a war... more
-
-
Oil giant BP said it plans to offset the entire cost of its Gulf of Mexico oil spill against its tax bill, reducing future contributions to U.S. tax coffers by almost $10 billion.
BP took a pretax provision of $32.2 billion in its accounts for the period, for the cost of capping the well, cleaning up the spill, compensating victims and paying government fines.
However, the net impact on BP's bottom line will only be $22 billion, with the company recording a $10 billion tax credit, most of which will be borne by the U.S. taxpayer, a spokesman said.
BP's U.K. tax bill will also be reduced, BP added.
Analysts told Reuters that BP could prompt more public and political anger in the United States by deducting all the costs, and especially the expected fines BP will face.
More @ linkOil giant BP said it plans to offset the entire cost of its Gulf of Mexico oil spill... more
-
-
Unless the U.S. Congress acts, there is going to be a massive wave of tax increases in 2011. In fact, some are already calling 2011 the year of the tax increase. A whole host of tax cuts that Congress established between 2001 and 2003 are set to expire in January unless Congress chooses to renew them. But with Democrats firmly in control of both houses that appears to be extremely unlikely. These tax increases are going to affect every single American (at least those who actually pay taxes). But this will be just the first wave of tax increases. Another huge slate of tax increases passed in the health care reform law is scheduled to go into effect by 2019. So Americans that are already infuriated by our tax system are only going to become more frustrated in the years ahead. The reality is that the U.S. government will soon be digging much deeper into our wallets.Unless the U.S. Congress acts, there is going to be a massive wave of tax increases in... more
-
-
Those already outraged by the president's health care legislation now have a new bone of contention -- a scarcely noticed tack-on provision to the law that puts gold coin buyers and sellers under closer government scrutiny.
The issue is rising to the fore just as gold coin dealers are attracting attention over sales tactics.
Section 9006 of the Patient Protection and Affordable Care Act will amend the Internal Revenue Code to expand the scope of Form 1099. Currently, 1099 forms are used to track and report the miscellaneous income associated with services rendered by independent contractors or self-employed individuals.
Coin Dealers Flipping
Starting Jan. 1, 2012, Form 1099s will become a means of reporting to the Internal Revenue Service the purchases of all goods and services by small businesses and self-employed people that exceed $600 during a calendar year. Precious metals such as coins and bullion fall into this category and coin dealers have been among those most rankled by the change.
This provision, intended to mine what the IRS deems a vast reservoir of uncollected income tax, was included in the health care legislation ostensibly as a way to pay for it. The tax code tweak is expected to raise $17 billion over the next 10 years, according to the Joint Committee on Taxation.
Taking an early and vociferous role in opposing the measure is the precious metal and coin industry, according to Diane Piret, industry affairs director for the Industry Council for Tangible Assets. The ICTA, based in Severna Park, Md., is a trade association representing an estimated 5,000 coin and bullion dealers in the United States.
"Coin dealers not only buy for their inventory from other dealers, but also with great frequency from the public," Piret said. "Most other types of businesses will have a limited number of suppliers from which they buy their goods and products for resale."Those already outraged by the president's health care legislation now have a new... more
-
-
Sometimes you hate being right.
In chapter 4 of our book, "The Blueprint: Obama's Plan to Subvert the Constitution and Build an Imperial Presidency," we make the point that Team Obama would try to pull a fast one when it comes to Obamacare's individual mandate that everyone reading this blog post needs to buy health insurance, or be subject to a penalty payable to your good friends at the IRS.
We first made this argument in a column we co-authored with Senator Orrin Hatch in The Wall Street Journal back in January. Now this issue has suddenly exploded back into the news.
For months, Team Obama has been saying that the individual mandate is authorized by Congress' power to regulate interstate commerce, as found in the Commerce Clause.
We explain in our book why that argument is a loser in court, and that the White House would have to pull a bait-and-switch and suddenly argue that the mandate is a tax (violating Obama's promise not to raise taxes on anyone making less than $250K per year).
Looks like we were right. In their first filing against the multi-state lawsuit challenging Obamacare, Team Obama is now arguing that the individual mandate is... a tax.
If you read chapter 4 of our book, though, after we explain how the mandate is not authorized by the Commerce Clause, we then go on to explain how it is also unconstitutional if it's a tax.Evidently worried about this, Team Obama then goes on to argue that if the court doesn't buy the tax argument either (because the argument is bogus, perhaps?), then it's still justified under the General Welfare Clause.
Anticipating that, our next section in chapter 4 explains why the mandate is also not authorized by the General Welfare Clause.
We close that section by noting that one thing you're taught in law school is that the General Welfare Clause doesn't authorize the federal government
to do anything. It is a limitation on federal power, not a source of additional power.
When you cite the General Welfare Clause, you're grasping at straws. That's exactly what Team Obama is doing. Their legal argument is desperate, because the Obamacare mandate is unconstitutional.
With the vote on Elena Kagan's confirmation to the Supreme Court looming, this issue could not be more timely.
We need federal courts that will uphold the Constitution's limits on federal power. They can start by striking down Obamacarehttp://www.foxnews.com/opinion/2010/07/19/ken-blackwell-ken-klukowski-blueprint-obamacare-elena-kagan-supreme-court/Sometimes you hate being right.
In chapter 4 of our book, "The Blueprint:... more
-
-
In a speech Vince Cable mentioned the future for students could mean higher fees, "In his speech, at London's South Bank University, Mr Cable said students would "almost certainly have to pay" more"-BBC.
With additional hints towards budget cuts for university funding "there may even be a "period of contraction" in university budgets in the next few years."-BBC
Cable also proposed the 'Graduate Tax' idea as a new form for graduates to pay tuition fees, which he stated will work on how much is earned by the student becuase the current system doesn't take earnings in consideration.
Reactions:
University and College Union- Argue it would not be fair to poorer students because the tax would go through income tax and warned against cuts to university funding.
"one of the problems with that is that over the period of the repayment, poorer students will probably pay a higher percentage of their earnings through a tax system than they would through a loan system."-BBC
The National Union of Students- Article said NUS welcomed the idea but the new system would have to be fair for students.In a speech Vince Cable mentioned the future for students could mean higher fees,... more
-
-
Don’t tax the victims of the Gulf oil spill. That's the message to President Barack Obama from fair-tax activists.
The Internal Revenue Service is going to the Gulf Coast next week to make sure the federal government gets its cut from any oil spill compensation checks BP issues to fishermen and others who have been idled due to the Gulf oil spill.
The IRS plans to hold forums in seven Gulf Coast cities on July 17 “to help victims with tax troubles or questions,” according to an IRS news release. It has also posted tax information for oil spill victims on its Web site.
But Ken Hoagland, author of the book "The FairTax Solution" and organizer of the Online Tax Revolt, told CNSNews.com that the IRS is wrong to tax hard-hit Gulf Coast residents. “It is akin to kicking someone who’s just been hit by a truck,” Hoagland said. “We are calling on the president to direct the IRS to forego tax bills on the BP oil relief payments.”
More at the Link......
http://www.cnsnews.com/news/article/69127Don’t tax the victims of the Gulf oil spill. That's the message to... more
-
-
Check out the website to see how you can help
It’s Time to Reform California’s Cannabis Laws!
California voters believe that our laws criminalizing cannabis (marijuana) have failed. According to a recent statewide Field Poll, a majority, 56 percent support legalizing cannabis.
The time for reform is now.
The Control and Tax Cannabis Initiative will:
• Control cannabis like alcohol: Allow adults 21 and older in California to possess up to one ounce of cannabis
• Give local governments the ability to tax the sale of cannabis to adults 21 and older
• Generate billions of dollars in revenue to fund what matters most in California: jobs, healthcare, public safety, state parks, roads, transportation, and moreCheck out the website to see how you can help
It’s Time to Reform... more
-
-
-
-
eva2
-
added this
-
1 year ago
- |
-
http://www.themediaconsortium.org/2010/06/08/weekly-audit-deficit-reductionselling-out-to-wall-street/
by Zach Carter, Media Consortium blogger
In the fall of 2008, decades of finance-first, bankers-know-best economic policies coalesced to create one of the worst economic crises in history, one that the banks themselves could not survive without staggering levels of government support.
Yet astonishingly, nearly two years after the crash, Wall Street is still setting the economic agenda in Washington. As Congress begins to examine broader economic policy, lawmakers are under heavy Wall Street pressure to reduce the federal budget deficit—even though that could mean deepening the jobs crisis without any substantive economic benefits.
Small-bore reforms
At the same time, the financial reform bill that Congress is on the verge of passing leaves quite a bit to be desired. As the editors of The Nation emphasize, that legislation includes several small-bore fixes to ease the damage caused by Wall Street excess, but almost nothing to actually curb the excesses themselves. The capital markets casinos will largely be left untouched. Congress still has time to improve the bill over the next month as the House and Senate iron out their differences, and many useful reforms remain in play.
Nevertheless, Wall Street’s lobbyists have succeeded in taking the most important reforms off the table. We will not break up the biggest banks this year, nor will we tax reckless financial speculation. We aren’t even banning economically essential banks from participating in risky securities businesses.
Et tu, Buffet?
As Annie Lowrey notes for The Washington Independent, the crisis has even discredited Warren Buffett, one the few financial superstars who previously had a reputation as a “straight-shooter” that invested in responsible enterprises.
Buffett was once a harsh critic of credit rating agencies, the firms who slapped top ratings on toxic mortgage-backed securities and derivatives. But Buffett himself is also a top shareholder in Moody’s, one of the worst ratings agencies. The Financial Crisis Inquiry Commission had to compel Buffett’s testimony at a recent hearing via subpoena after Buffett turned down multiple requests to appear. At the hearing itself, Buffett did everything he could to pass the buck from himself and Moody’s to any other possible target.
Slashing the deficit
Wall Street’s ugly influence on economic policy extends far beyond the realm of bank regulation itself. Right now, financial elites are pushing hard on a right-wing plan to slash the federal budget deficit, and even many moderate Democrats are coming out in support of reduced government spending.
This strategy is a tremendous political blunder, as Steve Benen emphasizes for The Washington Monthly. It’s true that the deficit does not poll very well—but the deficit is only one side of the issue. Cutting the deficit means slashing federal support for jobs—we can help the economy or we can slash the deficit, but we cannot do both at the same time.
Nearly everyone believes that creating jobs should be a top priority for the government, but if politicians only ask questions about the deficit, they won’t hear answers about the economy. The political imperative is clear, as Benen notes:
This really shouldn’t be complicated: invest in more job creation, help struggling states as they keep laying off workers, and make clear to voters that the economy is more important than the deficit. Do this immediately, without apology.
Replacing Social Security with credit cards?
Wall Street loves cutting social services in the name of deficit reduction. Every public good that can be efficiently provided for by the government can also be inefficiently provided by the private sector—replacing public benefits with corporate profits. The bank lobby would like nothing more than to replace Social Security with credit cards for senior citizens. Wall Street doesn’t make a dime on the government’s Social Security payments—but they can make a killing on a privatized market.
Weak job growth=Weak private sector
Lest there be any question about whether or not the government needs to take strong action to strengthen the labor market, take a look at Friday’s jobs report. As Tim Fernholz notes for The American Prospect, this report was the most disappointing piece of economic news in months. While the economy gained 431,000 new jobs during the month, 411,000 of them were temporary hires by the U.S. Census, meaning the private sector is not able to support much new hiring.
There’s a critical lesson there: The only serious engine of job growth in the month of May was the federal government. Absent government hiring, the economy is not improving at all. There is an almost bottomless supply of critical social needs that require work right now, but no private-sector momentum to meet those needs.
The BP oil catastrophe should underscore how important new, green energy is to the U.S. economy—yet U.S. efforts to develop green energy solutions have fallen far behind those of China and other industrial powerhouse nations. Major federal investment into the research and implementation of green energy would be good for our environment and good for our economy.
Don’t let social services suffer
But astoundingly, the advice on the world economy currently coming from top policymakers at the Federal Reserve, the International Monetary Fund and European central banks is echoing the bank lobby line: Slash social programs now, and let the job market fend for itself. As Dean Baker emphasizes for AlterNet, these are the exact same policymakers who missed the housing bubble, made the wrong calls on bank regulation and sent the global economy into freefall.
There has been little change in personnel and no acknowledgment of error at the central banks whose incompetence was responsible for the crisis . . . . their agenda seems to be the same everywhere, cut back retirement benefits, reduce public support for health care, weaken unions and make ordinary workers take pay cuts.
In short, Wall Street and the Wall Street policy agenda remain ascendant, despite economic catastrophe. In the Great Depression, the government actually learned its lesson—we regulated the banks, created Social Security and put millions to work through government hiring programs. That same basic agenda is needed today. Failing to meet it could well mean decades of economic decline.
This post features links to the best independent, progressive reporting about the economy by members of The Media Consortium. It is free to reprint. Visit the Audit for a complete list of articles on economic issues, or follow us on Twitter. And for the best progressive reporting on critical economy, environment, health care and immigration issues, check out The Mulch, The Pulse and The Diaspora. This is a project of The Media Consortium, a network of leading independent media outlets.http://www.themediaconsortium.org/2010/06/08/weekly-audit-deficit-reductionselling-out-... more
-
-
The D.C. Bag Tax went into effect on January 1, 2010 with a portion of all revenues going to the Anacostia River Clean-Up Fund.The D.C. Bag Tax went into effect on January 1, 2010 with a portion of all revenues... more
-
-
TAX WEALTH
Taxing wealth will be a fair correction to the unfair tax system that taxes income and ignores wealth. The stock market crash of 1929 occurred not because of some plan to tax wealth, but because of the absence of a tax on wealth. A yearly 100% tax on personal wealth that exceeds $1 million could be easily done with the help of hi-tech communication and information systems (it is not redistribution, it is a wealth tax).
Capitalism is a very dynamic socioeconomic system. The instability of capitalism springs from the disparity of wealth due to the capitalist reward system. It is a myth that the stock market raises capital for investments. Most of the daily trading is of existing shares, not newly issued ones. However, one thing that the financial market does very well is that it concentrates wealth. Steady, well-paying jobs will livable wages are disappearing faster than they will be created. Most jobs are either temporary or part-time with low wages. But with low wages comes low consumer spending because consumption is linked to demand. “Capital returns go up and work wages go down – it is a destructive combination”. For 85% of taxpayers, whose pre-tax incomes hovers between $8,500 and $48,000, their chances of becoming millionaires are remote. Therefore, for their own economic well-being and their own self-interest, they must demand a tax on wealth and an end to income taxes. Those with obscene wealth and their hired defenders will claim that capital will fly and that will be the end for savings and investments. Capital always flies to safe havens, to places where interests are high. The US taxes very lightly on capital gains but has one of the lowest rates of savings and investments. The claim that with too much money around, inflation will hit the roof ignores the fact that science and technology is making it possible for supply to always meet demands. And those who argue that if wealth is taxed there will be no incentive to work can’t explain why income tax payers keep working and paying taxes.
Democrats and Republicans (DEMREPS) do not have a solution for the growing rift between the rich and poor because of their compromise to maintain the status quo at all costs; for this reason, the US congress will not pass legislation to tax wealth. They prefer to tax income, borrow money from the wealthy and pay them interest with your income taxes (upwards redistribution of income from ordinary taxpayers to rich bond-holders). Are you apprehensive? Let’s say your personal wealth is $4 million before filing your personal wealth tax declaration form. You can dispose of the $3 million taxable amount any way you like. Or on request; the IRS will give you a personal loan up to $3 million at 10% annual interest. Do you own and/or supervise a multimillion dollar enterprise? Assign yourself any amount of money as your supervisory fees (income not taxable).
The only rational and sensible way to solve the problem of obscene wealth and indirectly generate a booming economy is by implementing the USA economic agenda. The agenda does not conflict with globalization. It can also be applicable to other developing economies. The USA economic agenda is the answer to the next great depression: too many laborers and less need for labor, in need of cash, but broke, in debt and no chance of default; prospects for a profitable war down to zero and an exhausted Federal Reserve expertise of creating money out of thin air.
Make the US a silent partner of corporate America.
Money only does good when you spread it around.
http://unitedstatesalliance.blogspot.com/TAX WEALTH
Taxing wealth will be a fair correction to the unfair tax system... more
-
-
International Monetary Fund wants to place in two taxes on banks to fund for any future bail-outs needed for banks.
With the most riskier banks paying out more, however, I'm hoping this won't be avoided via hiding bad assets in tax havens or marking bad assets as good ones. (not v.confident on that guess, financial news is v.confusing)
The British Bankers Association is speaking against the plans saying it would effect the UKs competitive stance world wide. Both Alistair Darling and Vince Cable welcome the report.
"IMF documents called for a “financial stability contribution” on all financial institutions to pay for the “fiscal cost of any future government support to the sector”, according to a report leaked to the BBC."International Monetary Fund wants to place in two taxes on banks to fund for any... more
-
-
If you live in Oregon, please e-mail to volunteer to mail back a petition. Come on, the minimum is 10 signatures! Everyone knows 10 people who support this!!! We CAN make this happen!If you live in Oregon, please e-mail to volunteer to mail back a petition. Come on,... more
-
-
A new tax on large banks is picking up support in Congress as Democratic lawmakers target financial institutions that benefited from the Wall Street bailout to help pay for the Democrats' election-year agenda.
One key lawmaker, Sen. Chuck Schumer, D-N.Y., said Tuesday he wants to include the bank tax in a bill stiffening financial regulations that could come up for a vote in the Senate soon.
President Barack Obama has proposed a tax on bank liabilities that would raise an estimated $90 billion over the next decade. Democrats say the tax is justified to recoup billions spent bailing out Wall Street.
"I think the administration proposal is a common-sense way to make sure the taxpayers are repaid," Schumer said Tuesday at a Senate Finance Committee hearing on the bank tax.
Democrats are looking for money to pay for several measures, and some see the financial industry as a politically viable target to raise revenue. Democrats want revenue to pay for a one-year extension of a series of popular tax cuts that expired at the end of 2009, as well as several measures designed to create jobs.
The House and Senate have both passed bills that would extend about $26 billion in tax cuts that expired at the end of 2009, though the chambers have been unable to agree on how to finance them. The tax breaks include a property tax deduction for people who don't itemize, lucrative credits that help businesses finance research and development and a sales tax deduction that mainly helps people in the nine states without income taxes.
The banking industry argues the new tax would reduce lending and increase fees for consumers, just as the economy is starting to pick up.
"It's certainly easy to demagogue the financial services industry right now," Scott Talbott, senior vice president of government affairs for the Financial Services Roundtable, said in an interview.
Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committees, is planning several hearings to promote the tax. Rep. Sander Levin, D-Mich., chairman of the tax-writing house Ways and Means Committee, said he is working on the issue as well, though he wouldn't commit to endorsing the tax.
Schumer's support for the tax is key because many of the affected firms are based in New York. Baucus, however, said no decision had been made about including the bank tax in the financial regulations bill.
Sen. Chistopher Dodd, D-Conn., chairman of the Senate Banking Committee, said Tuesday he would rather not include the bank tax in the financial regulations bill.
In 2008, Congress and former President George W. Bush approved spending $700 billion to bail out financial institutions as the nation's financial system was on the brink of collapse. The Troubled Asset Relief Program was later expanded to include American automakers and homeowners, which would not be subject to the new bank tax.
The TARP program plans to spend a total of $497 billion, according to a report released Tuesday by the program's inspector general. To date, firms have repaid $186 billion, with billions more expected to be repaid in the future, according to the report.
Still, the program is projected to result in a loss to taxpayers of as much as $127 billion. The law that created TARP requires the president to submit a plan by 2013 to recoup that money.
"We need to think about how we are going to get that money back on behalf of American taxpayers," Baucus said.
Obama's proposed 0.15 percent tax on the liabilities of large financial institutions would apply only to those companies with assets of more than $50 billion — a group estimated at about 50. Administration officials estimate that 60 percent of the revenue would come from the 10 biggest ones.
A key liability for many banks is deposits, though they would be exempt from the tax. The other main liability is debt, which many banks used to finance risky investments, leading to the financial crisis. Obama has argued that a tax on non-deposit liabilities would be akin to a tax on risk, which would dissuade banks fom taking on too much risk.
Insurer American International Group, the largest beneficiary at nearly $70 billion, would have to pay the tax. But General Motors Co. and Chrysler Group LLC, whose $66 billion in government loans are not expected to be repaid fully, would not.
Representatives of the financial services industry say talk of a new tax is premature because it is not yet known how much money will be repaid without one.
"Taxpayers will make a profit on every bank TARP program," James Chessen, chief economist at the American Bankers Association, said in an interview. "It was the expansion to nonbanks that has created the losses that TARP has suffered."A new tax on large banks is picking up support in Congress as Democratic lawmakers... more
-
-
IT IS A BIG SCAM !!!!!!!!!!!
You should stop paying Federal tax all together 100% of the Federal Income tax collected is used to pay off the interest collected by the Federal Reserve, on the loans they are giving to the government. This is fact that has been proved by the Grace Committee 25 years ago. Link
The committee concluded that 2 thirds of the federal tax is not collected and the third that does is not used to build roads clinics or schools at all. These funds are used to pay off government debt interest to the Banking Cartel.IT IS A BIG SCAM !!!!!!!!!!!
You should stop paying Federal tax all together 100%... more
-
-
There's an old saying that goes, "nothing is inevitable except death and taxes." To be more correct, it should probably go, "nothing is inevitable except death, taxes, and bitching endlessly about them".There's an old saying that goes, "nothing is inevitable except death and... more
-
