What do you understand concerning income tax?
- Thread starter machinebike
- Start date
- Tags income tax? understand
I have important understanding concerning "income tax" I am willing to share with those who would like more understanding, as to why they are paying income taxes.
If you are not interested in hearing it, dont discourage those who may be interested.
I am asking if they remember what their employer said to them concerning income tax, if their employer mentioned that paying it is volunteer or mandatory.
If you are not interested in hearing it, dont discourage those who may be interested.
I am asking if they remember what their employer said to them concerning income tax, if their employer mentioned that paying it is volunteer or mandatory.
jb, I havent had handyman work lately, so on my spare time, ive been disecting legal words and their meanings, and it "paints a different picture" than what we are taught.
Look at the words "income tax", reverse to "tax income" or "taxed income".
We are taught it is our income that is being taxed , but understanding these 2 words alone indicates we are paying a tax but its not our income...it is our 'income tax'.
The irs collects revenue for the independent self governed F. Reserve agency, chances are "income" is what the irs collects in taxes, meaning....the taxes we pay is THEIR income, not ours.
Look at the words "income tax", reverse to "tax income" or "taxed income".
We are taught it is our income that is being taxed , but understanding these 2 words alone indicates we are paying a tax but its not our income...it is our 'income tax'.
The irs collects revenue for the independent self governed F. Reserve agency, chances are "income" is what the irs collects in taxes, meaning....the taxes we pay is THEIR income, not ours.
One of the words we have been trrained to use..."money", will cause more difficulty to understand we do not receive money.
According to the Federal Reserve site, money (gold/silver) cease to exist for circulation in 1960.
Looks like people are charged income tax to pay for using something that doesnt exist in circulation.
As if they changed the monetary system but kept the rules the same.
According to the Federal Reserve site, money (gold/silver) cease to exist for circulation in 1960.
Looks like people are charged income tax to pay for using something that doesnt exist in circulation.
As if they changed the monetary system but kept the rules the same.
Money is not backed by faith because money (gold/silver) would have self containing value.
By refering to the currency we use as 'money', makes it harder to understand what is backing the currency.
It also causes people to believe they receive money after they work, giving the illusion of owing for the use of that money.
2 kinds of currency:
*non-backed (printed out of thin air, used as credit).
*labor backed (currency you receive 'after' you work, backed by your time/energy and labor).
The 'money' illusion--> currency placed in your account after you work, by calling it 'money', causes us to believe we recieve it with self containing value 'before' being placed in our account.
But the currency we receive 'after' we work is not income, it is not 'value coming in', niether is it 'profit'.
It is currency that needs our labor to back it. The currency you recieve after you work, was brought into existence,backed by your labor. It did not just "come in" to your account, your labor brought it into existence!
So understanding this, changes.... "money backed by faith" into
"currency backed by labor".
By refering to the currency we use as 'money', makes it harder to understand what is backing the currency.
It also causes people to believe they receive money after they work, giving the illusion of owing for the use of that money.
2 kinds of currency:
*non-backed (printed out of thin air, used as credit).
*labor backed (currency you receive 'after' you work, backed by your time/energy and labor).
The 'money' illusion--> currency placed in your account after you work, by calling it 'money', causes us to believe we recieve it with self containing value 'before' being placed in our account.
But the currency we receive 'after' we work is not income, it is not 'value coming in', niether is it 'profit'.
It is currency that needs our labor to back it. The currency you recieve after you work, was brought into existence,backed by your labor. It did not just "come in" to your account, your labor brought it into existence!
So understanding this, changes.... "money backed by faith" into
"currency backed by labor".
I also wanted to add...
When politicians print currency 'out of thin air' and call it "money", they are causing us to think the currency they print and spend is already backed with value, but its not.
They are spending 'non-backed' currency (currency with no value) to 'purchase' (used as credit).
But when they collect the 'labor-backed' currency out of your account, they can use it to "buy" what they have "purchased" with the non-backed currency.
In Other words, your 'labor-backed' currency replaces their 'non-backed' currency.
*America is used like a credit card backed by our labor.
Now have you read about the endless billions they will keep printing and spend? They can print and spend much faster than we can work to back what they printed. This may indicate they are doing it purposely to keep draining funds from personal accounts.
And this will only get worse if the public doesn't "wake up" and understand it.
When politicians print currency 'out of thin air' and call it "money", they are causing us to think the currency they print and spend is already backed with value, but its not.
They are spending 'non-backed' currency (currency with no value) to 'purchase' (used as credit).
But when they collect the 'labor-backed' currency out of your account, they can use it to "buy" what they have "purchased" with the non-backed currency.
In Other words, your 'labor-backed' currency replaces their 'non-backed' currency.
*America is used like a credit card backed by our labor.
Now have you read about the endless billions they will keep printing and spend? They can print and spend much faster than we can work to back what they printed. This may indicate they are doing it purposely to keep draining funds from personal accounts.
And this will only get worse if the public doesn't "wake up" and understand it.