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by Mark
Lamendola
You have two choices, if you want to pay less in
federal income tax: do it
legally or do it illegally. Do it illegally, and you are simply going to
bring yourself massive trouble.
Here are some tips for reducing
your taxes:
- Keep and organize your receipts.
- Use
tax filing software. This software is now so advanced, it interviews
you. This is less work than having someone else do your taxes. You can
also generate an accountant's report so a tax preparer can review your tax
forms, if you so wish.
- Remember that there is no free lunch. The folks
charged with administering our federal tax system are sadistic gangsters,
and they delight in destroying people on the flimsiest of excuses to do
so.
- Stop demanding government "services." In fact, tell
your CONgressman and senators you want fewer government programs. The
reason we have a federal tax toilet to begin with is that people are
always demanding the gov't "give" them something. The money for
these "giveaways" does not grow on trees, contrary to the popular
misconception that it does.
- Remember that you pay a huge SS tax plus many other
payroll taxes, not just federal income tax. You also pay property taxes,
an assortment of sales taxes, license taxes, and 129 different taxes on a
single loaf of bread. So, don't get too hung up on trying to reduce your
federal tax bill. You need to focus on reducing all taxes, by insisting on
smaller government.
- Visit
http://www.fairtax.org
and see what you think. Most people have an incorrect view of the Fair
Tax, because they haven't looked for themselves and have made inaccurate
assumptions or listened to ignorant people spew disinformation about it.
Please note that the federal income tax is not the way
you pay the bulk of your taxes. Even if CONgress eliminated this particular
method of taxation and didn't replace it, you would still have an enormous
tax load. You do not "get out of paying taxes" by violating the federal
income tax code.
Now, this raises another issue. Namely, the misconception that the 1040
tax is "your taxes." The 1040 tax is a tiny part of your overall tax bite.
The 1040 tax costs so much to administer, and has such a dampening effect on
the economy, that it costs more than it brings in. So the government funds
itself in other ways. Your single largest tax is the inflation tax. Many
people do not understand what inflation is or that it's a tax. - Any time the government does a "taking" from the citizens, that's a tax.
- Inflation results when the Federal Reserve creates money out of thin
air.
During the 2008 financial crisis, it created about $29 trillion, which
amounts to a per capita tax of $97,000 (if you count only the US citizens
robbed over this way). It may be worth noting that the money counterfeited
in this fashion was given to the banksters who then paid enormous bonuses to
their executives. There are many other taxes, as well. Nearly all of them
exist for the purpose of transferring wealth from the peasant classes to the
very wealthy. |
