Tuesday, January 11, 2011

Do You Know About The Hidden Tax?

Just want to remind everyone that the one of the nastiest taxes that exists is the tax on our savings. Nobody talks about it because it’s so misunderstood and it certainly won’t ever be taught in government funded schools. People incorrectly associate it with a rise in prices which is merely an effect of this tax. Our banks contribute 90% of this tax through the Fractional Reserve System with the Federal Reserve doing the rest of the damage. Next time you look at a dollar bill, look long and hard at what it says: Federal Reserve Note.

Realize that just like the mortgage note you signed on your house (which created a debt i.e. money that previously never existed), the dollar bill you hold in your hand is also a debt incurring interest (this is where our national debt comes from) because it also was borrowed into existence. When money is created from nothing, it increases the overall money supply diluting the value of the dollars you earn and save. This is inflation. It’s a hidden tax and it is simply a wealth transfer that not 1 in 1000 understands is happening.

As bad as the other taxes are, don’t forget which one is the greatest destroyer of wealth. It’s the tax that no one talks about because the common person doesn’t understand Fractional Reserve Banking and how the Federal Reserve manipulates the dollar to transfer wealth from our hands to theirs. And in case you’re wondering or haven’t made the connection, our federal income tax (16th amendment) came into being the same year as the Federal Reserve in 1913. If banks were going to control our money supply by making our currency a debt based currency, banks realized they needed a way to pay & collect the interest on that debt. What better way than to do that than to put a tax on labor (which is illegal if you abide by the Constitution—just like giving the Federal Reserve the monopoly on the creation of our money when it should belong to the Treasury to create non-interest bearing notes…). What is the IRS? Essentially, the collecting agency for the international bankers who own and control our Federal Reserve (which is actually a private corporation)… Fun stuff, right? It’s amazing what you can learn about money if you start asking the right questions beginning with: what is money?

By the way, I looked it up and the 3.8% tax on unearned tax to pay for Obamacare is correct, just not the way most people have calculated it. See this link: http://www.factcheck.org/2010/04/a-38-percent-sales-tax-on-your-home/

That being said, add it to the list:
Building Permit Tax
CDL License Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (currently 44.75 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Sales Tax
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

Of course, you can’t forget the death tax.

…and the list goes on, and on …

John Montoya