You have fallen for the lie that the Income tax actually pays for something useful.
Does the Income tax pay for roads? No, gas taxes do.
Does the Income tax pay for education? No, local levys and property taxes do.
Does the Income tax pay for Social Security? No, Social Security taxes do.
Does the Income tax pay for Medicare? No, Medicare taxes do.
Does the Income tax pay for defense? No, Corporate income taxes do.
What does the Income tax pay for?
Answer:
1) Interest on debt borrowing, largely from the non-federal money printer calling ifself the ‘Federal’ Reserve. This entity creates something it calls ‘money’ out of thin air and charges the federal government interest on it. The Constitution clearly gives the US government the power to create its own coin and notes, but instead the federal government ‘borrows’ from nothing and has taxpayers pay interest on this nothingness.
2) Waste. Is the Department of Education necessary? How about the Department of Housing and Urban Development? And so on ad infinitum.
The Income tax is a scam foisted on a small percentage of very wealthy Americans in 1913 at a max rate of 7%. The tax code was 14 pages long and with today’s printing fonts and format would fill 9 pages. It was allowed passage as a quid pro quo to the likes of financial barrons such as JP Morgan in return for a concession to manufacture money out of thin air. Why object to 7% income tax when you can create 80% new money from nothing based on your gold holdings? But the greed of bankers would not put up with even 7% maximum. Over the decades they shifted the income tax burden to the middle class and used it to vacuum dollars out of circulation while they manufactured federal reserve notes to put into circulation.
Ron Paul is aware of all that and more.
Is there a better way? You damn right there is. Start by federalizing the Federal Reserve and stop paying interest on nothingness immediately. Enact the FairTax which will abolish the IRS and move immediately to repeal the 16th Amendment.
I’ll play again, though it’s instructive that you didn’t address any of the actual numbers.
Does the Income tax pay for roads? No, gas taxes do.
Actually gas taxes are siphoned off for other purposes, but OK, we’ll direct them to the roads as we should. Taxes on airline tickets too. As you know we’re dealing with a piddly amount of $
Does the Income tax pay for education? No, local levys and property taxes do.
Yes, the states may continue to function. Local taxes and local expenditures don’t appear in the Federal budget, which is what we’re discussing.
Does the Income tax pay for Social Security? No, Social Security taxes do…. Does the Income tax pay for Medicare? No, Medicare taxes do.
More or less, you appear to believe in that lock box. But I acknowledged that, you get to $190 billion from $120 billion to spend by raiding social security. But still, you won’t play, what are you going to spend your $190 billion on>
Does the Income tax pay for defense? No, Corporate income taxes do.
There’s no connection, but $220 billion in un-Constitutional corporate income tax pays for a $512 billion Defense Department. Is Paul now in favor of retaining the IRS to collect an income tax on corporations?
Paulenomics at it’s best.
What does the Income tax pay for?
Nothing if we eliminate it.
Answer: 1) Interest on debt borrowing, largely from the non-federal money printer calling ifself the ‘Federal’ Reserve.
No problem, I’ve acknowledged the Paul “plan” includes a default on our debt. If banana republics can do it, so can we.
2) Waste. Is the Department of Education necessary? How about the Department of Housing and Urban Development? And so on ad infinitum.
The numbers Paul, and tell me how you’re going to do it.
The Income tax is a scam foisted on a small percentage of very wealthy Americans in 1913 …. But the greed of bankers would not put up with even 7% maximum. Over the decades they shifted the income tax burden to the middle class and used it to vacuum dollars out of circulation while they manufactured federal reserve notes to put into circulation….Ron Paul is aware of all that and more….Is there a better way? You damn right there is. Start by federalizing the Federal Reserve and stop paying interest on nothingness immediately. Enact the FairTax which will abolish the IRS and move immediately to repeal the 16th Amendment.
Thank you, the heart of the Paul argument.
It’s a scam, aka a conspiracy.
Cult leader Paul is aware of all that and more.
BTW, is Paul in favor of the Fair Tax, citations would be nice, who will administer it (the Fair Tax Revenue Service?) and where does it appear in the Constitution.