I have known about this (tariffs vs. income tax) since I was a teen in the '60s, but don't recall anything about how I became aware of it. I've often wondered why the fuck we are handicapped with income tax when tariffs reflect original intent. That's bothered me always even up to now.
Once the fed issued currency, the income tax followed.
All the income tax collected from every US citizen only pays the interest on the debt to the fed.
The real question is how the G stays afloat and funds all their nonsense, because its not from the income tax.
I hadn't looked it up in a few years. The current rate of interest is 3.3% . Average IRS take annually is 4.7 T.
With our current debt, the interest owed is 1.1 T leaving 3.6T left .
In 2024 our spending is at 6.75 T.
It crazy how we've been able to sustain this as long as we have.
I've often wondered why the fuck we are handicapped with income tax when tariffs reflect original intent. That's bothered me always even up to now.
The globalists of the time wanted to lower tariffs in order to make their businesses more profitable. They pushed the income tax as a "soak the rich" scheme, even though the rich were the ones pushing it and writing the law (LOL).
The People were suckered by propaganda -- then, as now.
I have known about this (tariffs vs. income tax) since I was a teen in the '60s, but don't recall anything about how I became aware of it. I've often wondered why the fuck we are handicapped with income tax when tariffs reflect original intent. That's bothered me always even up to now.
Once the fed issued currency, the income tax followed. All the income tax collected from every US citizen only pays the interest on the debt to the fed.
The real question is how the G stays afloat and funds all their nonsense, because its not from the income tax.
Actually, the income tax came first, then the Fed.
94% of federal government revenue comes from income tax.
So, I am in favor of getting rid of it, but I have never seen a real proposal from anyone -- and don't expect Trump to do it, either.
Now, if we can cut government spending by 90% and get back to Constitutional government, THAT would do it. But it is really the only way.
I hadn't looked it up in a few years. The current rate of interest is 3.3% . Average IRS take annually is 4.7 T. With our current debt, the interest owed is 1.1 T leaving 3.6T left . In 2024 our spending is at 6.75 T. It crazy how we've been able to sustain this as long as we have.
The globalists of the time wanted to lower tariffs in order to make their businesses more profitable. They pushed the income tax as a "soak the rich" scheme, even though the rich were the ones pushing it and writing the law (LOL).
The People were suckered by propaganda -- then, as now.