Some Lies and Truths about income taxes

1. Some Lies and Truths about income taxes

2. 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.

3. 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 IRA’s, 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.

4. 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 American’s 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 American’s patriotic duty.”

5. 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,

6. 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.

7. 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 don’t 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!

8. 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 aren’t 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@protonmail.com

9. 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://endtaxes4ever.com/.