BASS BARN banner

1 - 2 of 2 Posts

·
Registered
Joined
·
2,020 Posts
Discussion Starter #1
.



See: Trump may get tax reform bill by year's end, Rep. Brady says

”On Thursday the “Big Six,” top GOP tax reform leaders in Congress and the Trump administration -- including Brady, Senate Majority Leader Mitch McConnell of Kentucky, Senate Finance Committee chairman Orrin Hatch from Utah, National Economic Council Director Gary Cohn and Treasury Secretary Steven Mnuchin -- issued a joint statement on their strategy for changing the U.S. tax code. Most notably, the group agreed to drop the proposed border adjustment tax -- which would have allowed the government to slap fees on companies importing goods -- from the new plan.”

As long as these scoundrels keep alive a “tax code” allowing Congress to lay and collect taxes calculated from profits, gains, wage, tips and other lawfully earned “incomes”, there is no “tax reform”!

Is it not a fact the taxes calculated from profits, gains, salaries, wages, tips, and other lawfully earned “incomes” are used to generate class warfare and to divide the people while picking the people’s pockets? Is it not a fact that our current system of taxation is specifically used to redistribute wealth from the productive to a government created dependent voting block which prostitutes its vote for free government cheese? Is the power to tax “incomes” not used as a political weapon to punish those who dare to speak out against the Washington Establishment and flagrantly used by our Washington Establishment to reward political friends and punish its enemies?

If there was ever one thing which could actually bring America’s businesses, investors and hardworking wage earners together in a unified political movement it would definitely be tax reform, but only if it is designed to remove the iron fist of government from the necks of the American People, provide sufficient taxing power to meet Congress constitutionally authorized functions, and the “reform” would hold members of Congress immediately accountable when it engages in deficit spending. Is there such a tax plan? You bet there is and it was created by our Founding Fathers. So, let us review tax reform, our Founders’ way.

The Fair Share Balanced Budget Amendment


“SECTION 1. The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.


NOTE: these words would return us to our founding father’s ORIGINAL TAX PLAN as they intended it to operate! They would also end the failed experiment with allowing Congress to lay and collect taxes calculated from lawfully earned "incomes" which now oppresses America‘s economic engine and robs the bread which working people have earned when selling their labor!


"SECTION 2. Congress ought not raise money by borrowing, but when the money arising from imposts duties and excise taxes are insufficient to meet the public exigencies, and Congress has raised money by borrowing during the course of a fiscal year, Congress shall then lay a direct tax at the beginning of the next fiscal year for an amount sufficient to extinguish the preceding fiscal year's deficit, and apply the revenue so raised to extinguishing said deficit."


NOTE: Congress is to raise its primary revenue from imposts and duties, [taxes at our water’s edge], and may also lay miscellaneous internal excise taxes on specifically chosen articles of consumption. But if Congress borrows and spends more than is brought in from imposts, duties and miscellaneous excise taxes during the course of a fiscal year, then, and only then, is the apportioned tax to be laid.


"SECTION 3. When Congress is required to lay a direct tax in accordance with Section 1 of this Article, the Secretary of the United States Treasury shall, in a timely manner, calculate each State's apportioned share of the total sum being raised by dividing its total population size by the total population of the united states and multiplying that figure by the total being raised by Congress, and then provide the various State Congressional Delegations with a Bill notifying their State’s Executive and Legislature of its share of the total tax being collected and a final date by which said tax shall be paid into the United States Treasury."


NOTE: our founder’s fair share formula to extinguish an annual deficit would be:


States’ population

---------------------------- X SUM TO BE RAISED = STATE’S FAIR SHARE

Total U.S. Population


The above formula, as intended by our founding fathers, is to insure that the people of each state, whenever Congress lays a direct tax, shall contribute a share of a total sum being raised which is proportionately equal to its representation in Congress i.e., representation with a proportional financial obligation!



Note also that each State’s number or Representatives, under our Constitution, is also determined by the rule of apportionment:


State`s Pop.
------------------- X House size (435) = State`s No. of Representatives
U.S. Pop.



"SECTION 4. Each State shall be free to assume and pay its quota of the direct tax into the United States Treasury by a final date set by Congress, but if any State shall refuse or neglect to pay its quota, then Congress shall send forth its officers to assess and levy such State's proportion against the real property within the State with interest thereon at the rate of ((?)) per cent per annum, and against the individual owners of the taxable property. Provision shall be made for a 15% discount for those States paying their share by ((?))of the fiscal year in which the tax is laid, and a 10% discount for States paying by the final date set by Congress, such discount being to defray the States' cost of collection."


NOTE: This section respects the Tenth Amendment and allows each state to raise its share in its own chosen way in a time period set by Congress, but also allows the federal government to enter a state and collect the tax if a state is delinquent in meeting its obligation.


"SECTION 5. This Amendment to the Constitution, when ratified by the required number of States, shall take effect no later than (?) years after the required number of States have ratified it.


JWK


“…..with all these blessings, what more is necessary to make us a happy and a prosperous people? Still one thing more, fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities“. Thomas Jefferson, First Inaugural Address
 

·
Registered
Joined
·
2,020 Posts
Discussion Starter #2
Chuck Schumer on tax reform

.

Senate Minority Leader Charles Schumer is already babbling on about taxing the rich, allegedly because he cares for the middle class.

But has the "middle class" already forgotten how the Democrats have taken their doctors from them; have taken the health-care plans from them which they wanted to keep; and have used the force of federal taxation to transfer their paychecks to able bodied government cheese eaters who are too lazy to work to meet their own economic needs?

And this doesn't even include how Chucky-boy Schumer under Obama taxed America's middle class to pay for the economic needs of millions of foreigners who have invaded America's borders.

Chucky-boy Schumer needs to keep his lying pie-hole shut.


JWK




American citizens are sick and tired of being made into tax-slaves to finance a maternity ward for the poverty stricken populations of other countries who invade America’s borders to give birth.
 
1 - 2 of 2 Posts
Top