Healthcare Reform Law Requires New IRS Army Of 1,054
The Internal Revenue Service says it will need an battalion of 1,054 new auditors and staffers and new facilities at a cost to taxpayers of more than $359 million in fiscal 2012 just to watch over the initial implementation of President Obama’s healthcare reforms. Among the new corps will be 81 workers assigned to make sure tanning salons pay a new 10 percent excise tax. Their cost: $11.5 million.
IRS starts mopping up Congress’s tax-reporting mess
NEW YORK (CNNMoney.com) — With a new mandate looming that will require business owners to file millions more tax forms, the Internal Revenue Service has begun the daunting process of figuring out how to turn the law’s sweeping demands into actual rules for taxpayers.
The new regulations, which kick in at the start of 2012, require any taxpayer with business income to issue 1099 forms to all vendors from whom they purchased more than $600 of goods and services that year. That promises to launch a fusillade of new paperwork: An estimated 40 million taxpayers will be subject to the requirement, including 26 million who run sole proprietorships, according to a report released this week by National Taxpayer Advocate Nina Olson.
National Bankruptcy will Repeal ObAMAcare
Hat tip: RonPaul.com
posted by tmartin
March 22, 2010
Ron Paul tells it like it is: There is no “right” to healthcare. Obamacare will be repealed by a national bankruptcy. The IRS is hiring new agents to steal more money. Central economic planning has failed. A much bigger economic crisis is coming. And, every country in the world is technically bankrupt.
Channel: Fox Business
Date: 03/21/2010
Top 25 Censored Stories for 2010
Hat tip: Project Censored
Read the rest here.
Reality Report: on Stack, Medina, Beck, Ron Paul Wins, Citibank Withdraws
Hat tip: Reality Report
Gary Franchi
Republic magazine
In this edition of the Reality Report former IRS Special Agent Joseph Banister joins Gary to weigh in on Joseph Stack’s attack on the IRS building in Austin. Franchi also presents stories on Citigroup’s recent bank run prevention plan and Ron Paul’s recent straw poll victory at CPAC. We also unspin ABC’s attempts at demonizing patriots, expose CNN’s simulation, present Utah’s recent legislative action against the Federal Government and spot light on Glenn Beck’s ratings drop. Gary brands a new “Enemy of the State” and reads from the mailbag.
The Case Against the Income Tax
by Texas Congressman Ron Paul
May 7, 2001
Could America exist without an income tax? The idea seems radical, yet in truth America did just fine without a federal income tax for the first 126 years of its history. Prior to 1913, the government operated with revenues raised through tariffs, excise taxes, and property taxes, without ever touching a worker’s paycheck. In the late 1800s, when Congress first attempted to impose an income tax, the notion of taxing a citizen’s hard work was considered radical! Public outcry ensued; more importantly, the Supreme Court ruled the income tax unconstitutional. Only with passage of the 16th Amendment did Congress gain the ability to tax the productive endeavors of its citizens.
Yet don’t we need an income tax to fund the important functions of the federal government? You may be surprised to know that the income tax accounts for only approximately one-third of federal revenue. Only 10 years ago, the federal budget was roughly one-third less than it is today. Surely we could find ways to cut spending back to 1990 levels, especially when the Treasury has single year tax surpluses for the past several years. So perhaps the idea of an America without an income tax is not so radical after all.
The harmful effects of the income tax are obvious.
America: Freedom to Fascism
Watch full sized version by clicking here
Democracy’s Serfs
By Paul Craig Roberts (archive)
April 14, 2003
Now that you have paid your income taxes, calculate how much you own of your own labor.
You can do this by dividing the federal, state and local income taxes you paid (including Social Security and Medicare) by your taxable income.
Generally speaking, the higher your income, the less you own of yourself. A person with $300,000 in taxable income will discover that government in the year 2002 has a claim to about one-third of his labor – the maximum tax that could be levied on a medieval serf.
If you have a low income or work primarily off the books, you will be rewarded with an “earned income tax credit,” that is, you will receive a tax “refund” even though you paid no tax. You not only own all your own labor, but also have legal claims to the incomes of higher income persons.
Democracy produces the opposite results of feudalism. Instead of an upper class living off the sweat of a lower class, the lower class lives off the sweat of an upper class.
Philosophers such as John Rawls created a philosophy to justify the latter as “moral” and the former as “immoral,” but it all comes down to the same thing: some people live off other people’s activities.
Income taxes are not the only taxes. There are property taxes, wealth taxes, excise taxes, and sales taxes. If you add together all the taxes you paid, you might find that you own no more of your own income than a 19th century slave. (A slave owed his master about half his work product, the rest being necessary for his own maintenance.)
