Is U.S. income tax invalid?

These statistics-- which are for the year 2000, by the way-- refer to the circumstances of your letter carrier and the IRS agent who audits your tax return, among others. Several million others.

By the time our average federal employee reaches 30 years of service in 2012, he will be 59 years old, his annual salary will be $90,721

On the other hand, the 2000 median income for all ages in the United States overall, according to the U.S. Census Bureau's Sept., 2001 report "Money Income In The United States: 2000" was $42,148

Even the most sincerely held and well-intentioned misunderstanding has the serious potential to ruin the lives of those misled by it.

I think you will find you can and with the blessing of thr IRS.

Your home office will qualify as your principal place of
business if you meet the following requirements.

• You use it exclusively and regularly for administrative
or management activities of your trade or business.

• You have no other fixed location where you conduct substantial administrative or management activities

Tryagain do you ever talk normal? :wink:

I can't understand you most of the time when you talk about taxes.
I think you help the IRS by writing forms most people can't understand.

Am I happy to pay taxes to the government? I rather have the money myself but, I believe in paying taxes. I will pay taxes any day as long as the government keeps up with technology.

Did I hear the word AUDIT? Have you ever been to one? Can you imagine a taxpayer's face when they are being audited by the IRS and at the end of it they actually get money back
Does that ever happen? Sure it does. Or, how about after the audit and everything looked good so the tax return stands as is? Wow that is a load off the taxpayers shoulder.

I think it is great that the IRS is auditing more. I pay my share so I feel others should too.

When I look into the sky and I see the F-117 Stealth Fighter fly by, I get the biggest smile on my face and think there is an example of my tax dollars hard at work. That is quite a sight to see too.

Just out of curiosity I want to give you a challenge. Of course you don't have to accept. Is it at all possible for you to tell us all in one sentence with words that are normal when does the AMT (Alternative Minimum Tax) apply? Just saying yes doesn't count either. You would actually have to write the sentence. The sentence cannot take 1/2 page either. When people have asked me I tell them in 5 words. They may not like it but it is the best I have been able to do. I am just curious to see someone else's answer.
So actually, anyone please feel free to try. I would like to see a better answer than I give.

Where does my tax dollars go then?

What private company? I have been to Washington D.C. and I have seen them make our money.

tryingtohelp wrote:

What private company? I have been to Washington D.C. and I have seen them make our money.

They print it, but they do not actually issue it. The private company is called 'Federal Reserve System'

You still have the Federal Reserve Banks which the private banks must be a member of. The money is still in the U.S. I think that is one of the ways they control interest rates. It is still tax dollars IMO. It is just a matter of where it is sitting and how the money gets moved around.


When I say I think that is how they control interest rates. I mean I think.
I really am not sure. I never researched it.

How can the Federal Reserve influence the direction of interest rates? In one of two ways:


By raising or lowering the discount rate.
By indirectly influencing the direction of the Federal funds rate.

The Discount Rate
The discount rate is the interest rate banks are charged when they borrows funds overnight directly from one of the Federal Reserve Banks. When the cost of money increases for your bank, they are going to charge you more as a result. This makes capital more expensive and results in less borrowing. Spending decreases, causing it to become more difficult for prices to rise; the opposite being true when capital becomes less expensive due to a decrease in the discount rate.

The Federal Funds Rate
The Federal funds rate is the rate that banks charge each other for overnight loans. "Why would one bank borrow cash from another?" you ask. The Fed can require banks to keep a certain percentage of assets in the form of cash on hand or deposited in one of the Federal Reserve banks. From time to time, it will establish a required ratio of reserves to deposits; when this ratio is increased, more cash must be kept in the vault at night, making it more difficult (and expensive) for funds to be acquired. When the reserve requirement is lowered, the money supply is loosened; because less cash has to be kept on hand it becomes easier to acquire capital.

Somehow Richard has this delusion that the Federal government could buy printing presses for zero dollars and get people to run them for zero dollars.

Even if the Federal government did the printing Richard it would cost at least 3 cents per bill and perhaps more.

You should really spend some time to look at the budget Richard. All our money does not go for debt. If we pay $100 for an item and then give it to someone else for something valued at $100, how much is the item we have worth?

Thank you parados.

Hey Richard, my tax dollars are up in our sky paying for that stealth fighter. I wish everyone had the opportunity to actually be outside and have that fly over head. It is an amazing aircraft. I have seen it twice in the air. It really makes me feel good when I know that is where some of my tax dollars go.

I saw something else through that link that looks interesting so when I have time I want to read up on it.

Somehow Richard has this delusion that the Federal government could buy printing presses for zero dollars and get people to run them for zero dollars.

Even if the Federal government did the printing Richard it would cost at least 3 cents per bill and perhaps more.

You should really spend some time to look at the budget Richard. All our money does not go for debt. If we pay $100 for an item and then give it to someone else for something valued at $100, how much is the item we have worth?