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Budget and Taxes Do you feel that raising taxes will help solve the debt of the United States? Are you a fan of Reaganomics?

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Old 05-13-2006, 11:12 PM   #31 (permalink)
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Jefferson, that's not an option at this point in time.
Our Task must be to free ourselves... by widening our circle of compassion to embrace all living creatures, the whole of nature, and its beauty.
Albert Einstein

Hans Küng: "There will be peace on earth when there is peace among the world religions."

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Old 05-14-2006, 02:49 PM   #32 (permalink)
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Quote:
Originally Posted by LibertaRiaN
What gets ME is that anyone is actually surprised by the fact that wealthy people are the main beneficiaries of Bush's tax cuts. I mean, didn't we go through this before when they were first passed? And who did you all expect him to give the majority of the tax cuts to---the lower and middle classes, who struggle just to get by, or the rich, who donate millions of dollars to Bush's pet causes? In a word: DUH!!
Tell me the number that is on your 1040 line 34 for the 2005 tax year - and I'll tell you that you're probably rich.

If you're not old enough to do that, tell me what your mommy & daddy's 1040 line 34 said.
Old 05-14-2006, 02:49 PM   #33 (permalink)
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Quote:
Originally Posted by teethandclaws
Jefferson, that's not an option at this point in time.
BS. That's just an excuse.
Old 05-14-2006, 03:19 PM   #34 (permalink)
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Control always lies in deception, no matter what, from Bible or Man, if they can get you to not think and investigate things for yourself, the battle is but half won. Then what they do is begin to lie to you and give contradictions to you and CHANGE the MEANINGS of words and Concepts, etc.

For someone to determine his federal income tax liability (if any), he must first determine his taxable income. Enclosed are six important questions about how to do that properly, according to the law itself. Though the IRS’ stated mission includes helping Americans “understand and meet their tax responsibilities,” the IRS has been very non-responsive—often even insulting and threatening—to those who have asked similar questions in the past.

Questions Regarding Determining Taxable Income

1) Should I use the rules found in 26 USC § 861(b) and 26 CFR § 1.861-8 (in addition to any other pertinent sections) to determine my taxable domestic income?

2) If some people should not use those sections to determine their taxable domestic income, please show where the law says who should or should not use those sections for that.

Reason for first two questions: The regulations at 26 CFR § 1.861-8 begin by stating that Sections 861(b) and 863(a) state in general terms “how to determine taxable income of a taxpayer from sources within the United States” after gross income from the U.S. has been determined. Section 1.861-1(a)(1) confirms that “taxable income from sources within the United States” is to be determined in accordance with the rules of 26 USC § 861(b) and 26 CFR § 1.861-8 (see also 26 CFR §§ 1.862-1(b), 1.863-1(c)). Cross-references under 26 USCS § 61, as well as entries in the USC Index under the heading “Income Tax,” also refer to Section 861 regarding income (“gross” and “taxable”) from “sources within U.S.”

3) If a U.S. citizen receives all his income from working within the 50 states, do 26 USC § 861(b) and 26 CFR § 1.861-8 show his income to be taxable?

Reason for question: Section 217 of the Revenue Act of 1921, predecessor of 26 USC § 861 and following, stated that income from the U.S. was taxable for foreigners, and for U.S. corporations and citizens deriving most of their income from federal possessions, but did not say the same about the domestic income of other Americans. The regulations under the 1939 Code (e.g. §§ 29.119-1, 29.119-2, 29.119-9, 29.119-10 (1945)) showed the same thing. The current regulations at 1.861-8 still show income to be taxable only when derived from certain “specific sources and activities,” which still relate only to certain types of international trade (see 26 CFR §§ 1.861-8(a)(1), 1.861-8(a)(4), 1.861-8(f)(1)).

4) Should one use 26 CFR § 1.861-8T(d)(2) to determine whether his “items” of income (e.g. compensation, interest, rents, dividends, etc.) are excluded for federal income tax purposes?

Reason for question: The regulations (26 CFR § 1.861-8(a)(3)) state that a “class of gross income” consists of the “items” of income listed in 26 USC § 61 (e.g. compensation, interest, rents, dividends, etc.). The regulations (26 CFR §§ 1.861-8(b)(1)) then direct the reader to “paragraph (d)(2)” of the section, which provides that such “classes of gross income” may include some income which is excluded for federal income tax purposes.

5) What is the purpose of the list of non-exempt types of income found in 26 CFR § 1.861-8T(d)(2)(iii), and why is the income of the average American not on that list?

Reason for question: After defining “exempt income” to mean income which is excluded for federal income tax purposes (26 CFR § 1.861-8T(d)(2)(ii)), the regulations list types of income which are not exempt (i.e. which are subject to tax), including the domestic income of foreigners, certain foreign income of Americans, income of certain possessions corporations, and income of international and foreign sales corporations; but the list does not include the domestic income of the average American (26 CFR § 1.861-8T(d)(2)(iii)).

6) What types of income (if any) are not exempted from taxation by any statute, but are nonetheless “excluded by law” (i.e. not subject to the income tax) because they are, under the Constitution, not taxable by the federal government?

Reason for question: Older income tax regulations defining “gross income” and “net income” said that neither income exempted by statute “or fundamental law” were subject to the tax (§ 39.21-1 (1956)), and said that in addition to the types of income exempted by statute, other types of income were excluded because they were, “under the Constitution, not taxable by the Federal Government” (§ 39.22(b)-1 (1956)). (This is also reflected in the current 26 CFR § 1.312-6.

Last edited by RidinHighSpeeds; 05-15-2006 at 06:03 PM.
Old 05-14-2006, 07:58 PM   #35 (permalink)
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The foregoing breaks down to the fact that Government was never granted the power to lay a direct tax upon the inhabitants of the States.

Last edited by indago; 05-14-2006 at 08:00 PM.
Old 05-15-2006, 08:57 AM   #36 (permalink)
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Quote:
Originally Posted by indago
The foregoing breaks down to the fact that Government was never granted the power to lay a direct tax upon the inhabitants of the States.
True - and very interesting.

But try reversing that now!
Old 05-15-2006, 06:00 PM   #37 (permalink)
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Quote:
Originally Posted by Jefferson
BS. That's just an excuse.
I don't live for only my own selfish needs. Maybe when my grandparents are gone, and my kids graduate with their friends I'll consider moving. I don't believe in sacrificing my family values or quality of life for monetary gain.
If that's BS and an excuse, so be it.
Our Task must be to free ourselves... by widening our circle of compassion to embrace all living creatures, the whole of nature, and its beauty.
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Hans Küng: "There will be peace on earth when there is peace among the world religions."
Old 05-16-2006, 08:48 AM   #38 (permalink)
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Quote:
Originally Posted by teethandclaws
I don't live for only my own selfish needs. Maybe when my grandparents are gone, and my kids graduate with their friends I'll consider moving. I don't believe in sacrificing my family values or quality of life for monetary gain.
If that's BS and an excuse, so be it.
Then it's your CHOICE to stay where you are, live in the situation in which you live, and make the amount of money you make.

Stop being a crybaby about it. Stop acting like it's somebody else's fault that you don't make more money than you do. Stop blaming the government.

Be grateful that you have a family. Be grateful that you have all the things you already have.
Old 05-16-2006, 12:50 PM   #39 (permalink)
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Quote:
Originally Posted by Jefferson
Then it's your CHOICE to stay where you are, live in the situation in which you live, and make the amount of money you make.

Just like it was the "choice" of the residents in New Orleans. It seems you are completely out of touch with poverty in America.
--- help me Instant Runoff Voting, you're my only hope ---

There is little doubt that the world in general is more liberal than it was 50 years ago and beyond. Conservatives are simply roadblocks on the path to an ever more progressive and liberal world. What a sad existence.
Old 05-16-2006, 01:00 PM   #40 (permalink)
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Quote:
Originally Posted by hevusa
Just like it was the "choice" of the residents in New Orleans. It seems you are completely out of touch with poverty in America.
Absolute BS.

Not even close.
Not relevant.

Pick again!
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