FATCA is a crazy law that the United States Congress has decided to impose on the entire world. It comes into force in 2014. Basically we’re building a worldwide empire subject to the Internal Revenue Service (IRS). This video cuts through the BS and explains the law in the simplest terms possible.
200 years from now, when people look back and wonder how the US shifted from being a source of hope to being one of history’s shitty little empires, the implementation of this law may be one of the things they point to… just watch the video to learn the truth.
It is once again “tax time,” that time of year when the IRS claims tax forms are due. There are some people who say that based on the wording of the IRS code the average worker is not required to file a tax return. Some of those people have even gone to jail for failure to file. Others like to point to statistics similar to the infamous 47% figure that gained notoriety during the 2012 Presidential election, which is the approximate percentage of people who do not pay federal income taxes. Most of the people who mention that statistic, do so in an effort to shame those who don’t pay any federal income tax. Every time I hear a statistics like this, I’m reminded of the Whitey Harrell trial. Mr. Harrell was charged with not filing an Illinois State tax return and was acquitted by the jury. Marcella Brooks, the juror that was vocal in getting the acquittal, recounts in America: Freedom to Fascism that the other members of the jury said “but he’ll get away with it.” Mr. Harrell was acquitted because the IRS couldn’t show the law that proved he was required to file a federal income tax. Millions of Americans are like the members of that jury – they’re not really upset that others aren’t paying; they’re upset that they are!
I’m not really concerned with whether or not there is a law, statute, regulation, or ordinance in place that says anyone must file a tax return. I’m not concerned, because there are many laws, statutes, regulations, and ordinances in place around the world that attempt to control people, by forcing them to do or not do certain things. In the past, there were laws that said one human could own another human against his will, that if a slave escaped he would be returned to “his master,” and that it was illegal to assist a run-away slave. Did those laws make involuntary servitude moral? No, nor did the laws that allowed the Germans to incarcerate and murder anyone of Jewish descent, make those acts any less heinous. Just because something is mandated under law does not make it right any more than a law prohibiting something makes it wrong.
The real unanswered question regarding taxes is not “what is someone’s fair share?” But rather: Does anyone else own the fruits of your labor?
Every year around this time, millions of Americans fill out a form 1040 – hoping they don’t have to write a check to Uncle Sam.
Millions more know they will be getting a refund (which is normally a return of some portion of their money that was withheld in excess of what the IRS thinks they were owed) while a smaller number will receive a “refund” in excess of the amount withheld by the IRS. The Tax Policy Center reports that roughly 46% of households filing with the IRS will “pay no income tax.” While this enrages many people who will claim that those who do pay are “supporting” those who don’t, I see things a little differently.
The Americans paying income tax are not “supporting” anyone. The Grace Commission in 1984 issued a report that stated in part, “all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from their Government.”
Certainly some of the revenue from the IRS is redistributed to those that receive a more from the IRS than they had forcibly withheld from them, though that could hardly be interpreted as “supporting” the ones that don’t “pay.” see more…