 Why does everyone pay income tax if it's a "voluntary tax?"? |
| After I saw this movie "America: Freedom to Facism" I'm shocked at how many people pay their income taxes. There isn't a friggin law on any books anywhere that says you have to. ... |
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 When taxes are e filed, is social security number checked to see if a dependent has been claimed twice? |
| does the IRS check the social security number of dependents to make sure they have not been claimed by another person before they accept the return?... |
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 When will this actually happen? |
| I have been hearing that governmental rebates will be coming out to help people and there will be monies in check form given to each hoursehold. My question is when will the rebatess be mailed out M... |
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 Does anyone have the site that tells you when the federal checks are getting sent out? |
| I know it goes by your last 2 #s of ss number. I had it but have no clue where it went. Does anyone have any idea? T... |
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 What do you think of a tax-free holiday? |
What do you think of a (sales) tax-free holiday (weekend) in your state? Is there one or would you like one?
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There is one in Massachusetts and Rhode Island, that I ... |
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 How is income tax not slavery? |
Additional Details
I can't believe how ignorant some of you are. Income tax does not pay for libraries, airports, roads, bridges, police, firemen, or schools. But I see how ... |
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 How you feel, having to pay with your taxes for the stupidity of others? |
| Should the American people get something back after the government used money from the peoples pocket to bail out the market?... |
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 What do you pay every two weeks in taxes? |
| If I make about $880 a paycheck, how much goes to taxes?... |
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 I don't understand y i'm being audited on my 2007 tax return.? |
| I have been filing my tax returns the last four years. All of a sudden this year, my taxes are being reviewed and i have to send documents verifying my income. Is this because I'm suppose to be ... |
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| Can I file married/seperate & claim stepson to avoid husbands taxes from being intercepted?(child support)? |
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My son lives with his father & stepmom starting in Jan,2007. He owes me $16000 in child support arrears and Florida will intecept returns and give them to me. I ... |
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 Did you file your tax's yet ? |
| April 15 is just around the corner .... |
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 I am 17 years old. If I work, must I pay taxes? |
| Yep, Im 17, gonna work for ChaCha (i dont have a car, ok?). anyhoo, they want me to sign up for a w-19, am I subject to backup withholding and like I said, do I pay taxes? I live with my parents, ... |
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tjcsonofallnations | All of you who say that the government legally taxes you....? |
Do you know that the Federal Reserve is NOT a government agency,. rather they are a group of private banks, and that they profit from your taxes? Like they say...the truth is out there....you just have to look and act if you dont like it. |
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gray shadow
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The Federal Reserve System is organized with a government agency at the top (the Board of Governors), and branches beneath them that resemble private corporations. (http://www.federalreserveeducation.org/fed101/structure/ )
- To review the federal reserve structure...
At the top of the Federal Reserve System is the Board of Governors. These are all appointed for 14-year terms by the president and confirmed by congress. It operates per it's charter and laws set by congress. it is overseen by congress. There is no structure or mechanism for private ownership at this level. In fact, board members are forbidden by law to have any economic interest in a private bank.
The 12 branches, however, are organized similar to private corporations. Member banks are required to buy shares in their branch. They can vote for 6 of their 9 board members. The shares get a standard 6% dividend. These shares cannot be sold on the open market. All 'profit' from the Federal Reserve branches are turned over to the Treasury at the end of the year. Is this private ownership? The Fed says no. (see
http://www.federalreserve.gov/generalinfo/faq/faqfrbanks.htm#6 ). The courts show a split decision.
I equate the arrangement to a government agency (the Board of Governors) contracting out the day to day operations to a tightly controlled and regulated company.
- To review the profit from taxes
I believe the comment comes from the interest earned from the T-bills that the Federal Reserve buys/sells to control currency in circulation. And it is true that member banks get a standard 6% dividend on the shares they own in a Fed Branch,
However, after the dividend and all expenses are paid, the rest is returned to the Treasury.
That's about 98% of the interest making it almost an interest free loan. Not a bad deal for tax payers.
the truth is out there....you just have to look |
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Dane
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What does the Federal Reserve have to do with taxes? Get an education for Christ's sake. |
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Ski_Bum
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what are you taking about. The us treasury department is the one who collects tax revenue thats why when you have to owe money to the government you make your taxes out to the us treasury not the federal reserve. |
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porselin
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We pay taxes and YES we do profit from it. We get government- funded healthcare, Social Security (although I know the funds are disappearing by the minute), and oh yeah... we get the luxury of having democracy. Only apprx. 30% of the taxes people pay go back to government employees and other related "things" to help the government run. Of course the government is slow and the bureaucracy is crazy but it is one of the best government in the world because it works and people in America aren't tortured and we don't have terrorists blowing themselves up here.
Paying taxes is one of the most American you can do because it even though it is painful to your paycheck, you are contributing to the functioning of this country.
If you want to blame interest on money paid, you should blame your Congressmen because they set the Interest rate, not the IRS. The IRS is sort of like the police, they don't make the laws, they just have to enforce them. Besides, interest on money you owe means you didn't make your estimated tax payments or because you failed to pay on time.
Besides, freedom comes at a price. |
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Nusha
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Federal Reserve? What do they have to do with taxes.
My non-profit also benefits and they are not a government entity. It is you that benefits from the stable banking system.
As for your tone of tax evasion...good luck with that... after you graduate from High School and get a job you'll be forced to pay tax and you'll have to come to grips with it all. |
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________
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But the IRS is a government agency--as is Social Security |
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smiling_freds_biz_info
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Good! ... and now? |
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~miss mississippi~
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And if you don't pay, the IRS will come for you. So then what? |
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John P
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this is true and even sadder is the fact that they charge us interest on our own money. Even worse than that - they don't report their profits to the IRS, even worse they are mostly foreign country owned banks leaching off of the US. Kennedy tried to make it so the US was making it's own money and we all know what happened to him.
Dane - the deal is that the FED is above the IRS - maybe you are the one in need of education. I can set up some tutoring for you if you like. |
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