Tag: Government finances

  • Paying Federal Taxes is Voluntary?

    Paying Federal Taxes is Voluntary?

    “Former IRS Commissioner Steven Miller says the income tax is voluntary.” (cue to 02:07) The post Paying Federal Taxes is Voluntary? first appeared on Dissident Voice.

  • Transnational Corporations Provoke a Single Scream of Horror that Runs through the Vertebrae of the World

    Quentin Matsys (The Netherlands), The Tax Collectors, c. 1525–1530. Within the United Nations, there is a little-known debate about the status of global tax regulation. In August 2023, UN Secretary-General António Guterres released a draft document called ‘Promotion of Inclusive and Effective International Tax Cooperation at the United Nations’. This document comes out of a […]

  • Taxes in America Are Unfair to Most Americans

    For decades, time and again, America’s tax code has been twisted and tweaked to give tax breaks to the top and crumbs (or nothing) to the tens of millions on the bottom and in the middle. Levels of wealth and inequality have become so gross that experts are clamoring for change, painting unflattering portraits of […]

  • Foolishness, Hypocrisy, the GOP and the IRS

    Take your pick from two definitions of modern-day Republicans: foolish hypocrites or hypocritical fools. When it comes to America’s $32 trillion federal deficit, each one is as fitting as the other. They’re hypocrites for saying one thing and doing another. They’re fools because the actions they take are driving the deficit ever higher. Let’s listen […]

  • Fitch Downgrades US Debt Rating

    On Tuesday, Fitch Ratings, one of the leading three US credit rating agencies, announced: US’ long-term foreign-currency issuer defaulting rating would be downgraded. Among other factors pushing this downgrading, Fitch cited issues with governance, rising deficits and a looming recession. Fitch, on an earlier occasion, put the US on watch for a potential downgrade. At […]

  • Approximately 26% of U.S. Government Spending Goes to Weapon-Makers

    Approximately 26% of U.S. Government Spending Goes to Weapon-Makers

    The vast majority of the U.S. Government’s purchases are for the military, and most of that is paying for weapons and for enabling America’s troops to use them. For example, in the 3 April 2018 “OMB and Congressional Budget Office estimates of discretionary new budget authority” that “The President signed … into law on March […]

  • Give More Bite of the Apple to Charity

    Give More Bite of the Apple to Charity

    Here is a letter that Steve Clifford and I sent to the CEO Tim Cook of Apple corporation, whose percentage of charitable giving relative to its taxable income is astoundingly low as compared to other corporations noted below. Apple should increase its charitable giving. April 24, 2023 Tim Cook, CEO Apple, Inc. One Apple Park […]

  • The 75-year Thievery of Joint Tax Returns

    Another tax season has ended, and more than 50 million returns arrived at the Internal Revenue Service marked “Married filing jointly”.  Few of the filers had any idea that joint returns—created in 1948 and modified in 1969—may be the oldest tax inequity in America. They’ve been picking various pockets for 75 years, and there’s little […]

  • Fiscal Insanity: The Government Borrows $6 Billion a Day, and We’re Stuck with the Bill

    Fiscal Insanity: The Government Borrows $6 Billion a Day, and We’re Stuck with the Bill

    We’re not living the American dream. We’re living a financial nightmare. The U.S. government is funding its existence with a credit card. The government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones being forced to foot the bill for the government’s […]

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