IRS

FATCA Goes Full-Retard As Mr. Obama Extorts This Country Into Compliance…

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governmentSimon Black – OK this is really getting ridiculous.

Despite being the sacred keepers of the Catholic faith and trustees of the meek, the Holy See has just inked a deal with the US government putting the Pope in bed with the Internal Revenue Service.

It’s so bizarre you couldn’t possibly make this stuff up anymore.

The Vatican City has been forced into sharing information with the US.

So now, like a good little doggy, they’re obliged to cough up financial records on anyone they’ve ever had dealings with whenever Mr. Obama snaps his fingers.

I’m not sure this is what Pope Francis had in mind when he called for an end of “the cult of money and the dictatorship of an economy”.

Ironically, the oft-quoted Book of Proverbs says that “[T]he borrower becomes the lender’s slave.”

And this is true in almost all cases. Except, apparently, when it pertains to the US government.

Despite having borrowed more money than any nation in the history of the world, the US government still acts like everyone’s master, including dictating the most ridiculous terms on financial agreements like this. Continue reading →

The IRS Seized $107,000 From This North Carolina Man’s Bank Account. Now, He’s Fighting To Get It Back

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Melissa Quinn – For most of his life, Lyndon McLellan has been in the business of country stores—the types of stores where the employees know customers’ names by heart and workers remain loyal for years and years.McLellan

His parents owned a general store and grill, and McLellan began helping out there at the ripe old age of 9. Then, 14 years ago, McLellan decided to try his hand at the family business and purchased his own store in the heart of the Bible Belt, naming it L&M Convenience Mart.

Business has been good for McLellan, and though L&M, located in Fairmont, N.C., began as just a convenience store and gas station, he’s since expanded it to include a restaurant that serves hot dogs, hamburgers and catfish sandwiches.

While most of his employees and their families spend Sunday mornings making right with God, McLellan skips church to man the store. He’s there on Christmas Day and during Thanksgiving dinner—a sacrifice McLellan makes for his employees.

“It’s my livelihood,” he told The Daily Signal. “This is all I know how to do. I’m 50 years old, and if I had to do something else, I’d probably be in trouble. This is what I was brought up in. This is all I know.” Continue reading →

102 Years of Taxation: Chart Shows How out of Control the IRS Has Gotten

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Lily Dane –  With the end of “tax season” nearly a week behind us, many Americans are likely moving through the five stages of grief: denial, anger, bargaining, depression, or acceptance.

taxesIt is probably not shocking to anyone to hear that the IRS is among the most hated and feared of the government agencies (it has taken first place in many annual polls). A quick look at the history of the income tax might provide some hints as to why we despise the agency so much:

From IJReview:

The modern income tax began in February 1913 when Congress passed the Sixteenth Amendment to the Constitution, thanks to the administration of Republican William Howard Taft.

The House passed the short amendment in July 1909, with a 318 to 14 vote:

The Congress shall have power to lay and collect taxes on income, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.

The first tax bill came from the Woodrow Wilson administration in 1913. Wilson made the income tax a key part of his electoral campaign (the Republican party platform of 1912 did not mention the income tax).

This chart from Americans for Tax Reform shows just how much the income tax has grown since 1913: Continue reading →

We Have A Moral Obligation To Starve The Beast

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Simon Black – August 5, 1861, facing rapidly deteriorating economic conditions and a horrible defeat at Bull Run, President Abraham Lincoln signed the Revenue Act of 1861 into law.

incomeIt was the first time in US history that the federal government would charge an income tax on its citizens. But Lincoln felt that it was vital to fund what would become one of the most unconscionably costly conflicts in US history.

The original law in 1861 set a flat tax rate of 3% on incomes above $800.

(Using the gold price as a benchmark, this is equivalent to 42.26 ounces, or roughly $50,500 in today’s dollars. Not that there’s any inflation.)

The income tax was tweaked occasionally throughout the war, and it lasted for a few years afterwards to help fund reconstruction.

But it was ultimately lifted in 1873 during the administration of Ulysses S. Grant. And aside from a single episode in 1894, there would be no income tax in the United States of America for nearly 40 years.

Ironically, during this 40 year period the United States emerged as the largest, most powerful economy in the world.

And they achieved this with no income tax. No inflation. And very little public debt.

Today it’s entirely different. The dollar has lost over 99% of its value. And US debt is more than has ever been accumulated by any other nation in the history of the world.

Continue reading →

IRS Scandal – No Indictment For Lerner

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Sartre – That notorious time of the year is upon us again; the income tax deadline. It is an affected date because the tax system tells it is so. The torment and extortion of organized theft goes on all year long, but April 15 has a special place in the gut of every victim of larceny by government. Oh sure, paying taxes is supposed to be the price of maintaining civilization, but when was the last time that government protected , much less promoted, the mythical “Good Society”. The notion that paying tribute to a federal self ordained authority as a duty is only accepted by delusional proponents of a fantasy existence of welfare recipient beneficiaries.

lernerFor the productive wealth creators, the government pensioners aid and abet the tax distribution scheme that extracts revenue from the private sectors and rewards public scavengers. This entire arrangement is based upon fear. The axiom is that your money is not your own and that tax rates run on an arbitrary scale and deductions are granted to privileged sympathizers.

If you buck the tax swindle, folks expect to be harassed and targeted. However, when law abiding citizens become the focus of financial molestation, the checks and balances in the legal adjudication, hypothetically should grant relief. The manner by which Tea Party groups were persecuted by the IRS division under the direction of Lois Lerner reach new heights of bureaucratic tyranny.

With the announcement that DOJ Will Not Prosecute IRS’s Lois Lerner for Contempt of Congress, righteous outrage builds among the remnant of justice seeking organizations. Continue reading →