Some Lies and Truths about income taxes - PowerPoint PPT Presentation

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Some Lies and Truths about income taxes

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One type of federal tax that Americans unwittingly pay is income tax. Lie 1: Federal income taxes are the main source of revenue for the federal government, contributing over 40% of its yearly tax revenue. TRUTH: NONE of the money you pay in federal income taxes goes to programs that benefit the people of America. President Reagan discovered via the Grace commission that it all goes to paying interest only on the national debt. Where does the U.S. Government get money for federal programs? It borrows it from the Federal Reserve, which is why we have a $20 Trillion dollar national debt. – PowerPoint PPT presentation

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Title: Some Lies and Truths about income taxes


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Some Lies and Truths about income taxes
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  • One type of federal tax that Americans
    unwittingly pay is income tax.
  • Lie 1 Federal income taxes are the main source
    of revenue for the federal government,
    contributing over 40 of its yearly tax revenue.
  • TRUTH NONE of the money you pay in federal
    income taxes goes to programs that benefit the
    people of America. President Reagan discovered
    via the Grace commission that it all goes to
    paying interest only on the national debt. Where
    does the U.S. Government get money for federal
    programs? It borrows it from the Federal Reserve,
    which is why we have a 20 Trillion dollar
    national debt.

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  • Lie 2 All Americans owe federal income taxes.
  • TRUTH The federal income tax code (Title 26) and
    U.S. supreme court decisions make it clear that
    ONLY federal employees owe income tax from their
    labor. Other circumstances can make one liable
    for the tax such as participating in a federal
    government program like IRAs, receiving capital
    gains on stocks, or receiving money from Social
    Security as examples, but they are very limited
    in scope. People who work in private sector are
    not subject to federal income taxes and only pay
    out of sheer brainwashing and ignorance.

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  • The majority of Americans end up paying federal
    income tax at least during part of their lifetime
    and the interesting part of it is they never
    question why? Because of brainwashing Americans
    belief systems.
  • Tony Robbins the world renown self help guru
    called beliefs an unquestioned command. When
    the federal tax system began, it was carefully
    implemented with a very special twist, the
    government called on everyone to help support
    WW2. The federal government implanted the message
    in the American peoples minds through multiple
    media campaigns including cartoon characters like
    Donald Duck and referred to the paying of federal
    income taxes as each Americans patriotic duty.

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  • Who wants to be unpatriotic?
  • And viola, over a generation the entire American
    population was tricked into paying the federal
    income tax. Now the whole system runs on auto
    pilot because the belief systems of our grand
    parents was passed to our parents who then passed
    it onto us.
  • What a scam you say? Well as you will see below,
    you are right!
  • Some breakdowns on who pays tax
  • The Tax Policy Center (TPC) estimates that in
    2015, out of 171.3 million tax units,

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  • the percentage of households that do not pay
    federal income tax is 45.3, or 77.5 million.
    This reflects the number of Americans who do not
    file tax returns since they have no taxable
    federal income, and the remaining 54.7 of U.S.
    citizens receive adequate tax deductions or tax
    credits to remove their tax liability.
  • Of those who are not paying federal income tax,
    40 of the eligible working population does not
    work, and another 10 just works part-time jobs.
    In addition, they are only paying excise tax such
    as tobacco taxes, gasoline taxes, alcohol taxes,
    sales taxes or phone taxes. This group also
    includes those jobless the entire year.

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  • The bottom 40 of Americans have negative tax
    rates and receive a tax refund. Half of Americans
    who pay no federal income tax are low-income
    taxpayers. In addition, disability, Social
    Security and Medicare benefits are exempt from
    federal income tax. Other groups that do not pay
    federal income tax are students, foreign
    government employees and nonresident aliens.
  • Everyone Pays Federal Tax But many are not
    required to do so. But dont expect Uncle Sam to
    tell you so!
  • As I said above the majority of Americans pay
    federal tax out of sheer ignorance and fear. To
    add to this confusion the tax Code is enormous,
    confusing and boring as hell!

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  • How can you find out if the money you earn from
    your work is not subject to federal income tax?
    Simple, just ask yourself, Do I work for the
    federal government? If the answer is no then you
    arent required to pay it.
  • If you would like to learn more about the process
    and discover how you can obtain a refund for this
    tax year and the 2 previous years, go to
    http//endtaxes4ever.com/ or leave us a message
    at endtaxes4ever_at_protonmail.com

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  • End Taxes 4 Ever offer services to our clients to
    ensure they are only paying the amount of taxes
    owed and getting the biggest tax refund that the
    law allows and remaining in full compliance with
    both State and Federal income tax laws. Our tax
    experts have discovered that nearly all Americans
    are not just overpaying on income taxes, but in
    the vast majority of cases they lawfully required
    to very little if anything at all. We give tax
    planning strategies for high income earners,
    guide individuals in how to legally stop paying
    taxes, remain in full compliance with the income
    tax law and get the biggest tax refund that the
    law allows. Get answers to your questions like
    how many years back can i get a tax refund? and
    more by visiting our website - https//endtaxes4ev
    er.com/.
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