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But please remember that a portion of that famous 47% are completely supported by multiple social services (welfare, food stamps, etc) or are earn less than a certain income and get the unearned income ‘refund’. They use the tax maintained roads and highways, are defended by police, fire, and military, in short, use public services for which they pay little or nothing.
The Fair Tax Act is the most reasoned and reasonable solution to the tax issues. It contains provisions to continue to support the poor but it finally imposes a tax on the ‘underground economy’ of the US – people working off the books and people who make a living illegally. It also eliminates the IRS and its gobbledegook regulations.
Thanks David. Googled “sovereign citizen” and check some of the pages. The FBI page loads slowly. Do they keep tabs on who loads the page or is that just paranoia?
All in all, the movement does not look like something to get involved with. We have ‘left-wing’ and ‘right-wing’ groups, but this is just looks like a ‘goofy-wing’ group.
Sounds like you will be in the SE part of the country but, if you can get here, try looking in the Lake Arenal area. Especially if you are thinking of living in CR at some point. You will be able to get to the La Fortuna/Vulcan Arenal area most easily, and I recommend the area.
I am still waiting to get a reply on how to set up an offshore trust to prevent capture of funds by the US government. Does anyone have an attorney who knows how to do all that?
DUH Where is my head? The Fair Tax book (not flat tax, duh)
Must have been a senior moment. That’s my story and I’m sticking to it 🙂
[quote=”DavidCMurray”]Yes, I am vehemently opposed to all the existing flat taxes (of which there are plenty) and any new ones. It isn’t a matter of fairness, which they are not. It’s a matter of the remaining disposable income.
Consider a family living on (say) $30,000 a year. If they paid the 17% Steve Forbes proposed in 1999, they’d have about $25,000 left to meet their living expenses. Contrast that family with one earning (say) $300,000 per year who would have to eke out an existence on just $250,000. The latter might be constrained to belonging to just two country clubs while the former would be living on Gravy Train — the dog food, that is. Would the impact on the children, innocent in this scenario, meet your definition of fairness?
(As an aside, responsible economists calculated that Forbes’ rate would have to be closer to 22% to equal then-current government revenues.
Try this simple experiment: from your last year’s federal income tax return, write down your total gross income, the income the flat taxers would propose to tax. Then write down your own net tax. Now, compare the net tax you actually paid to 22% (or 17%, if you prefer) of your total gross and tell us (honestly, now) which amount you’d rather pay.
And if you divide your actual income tax payment by your gross income, you’ll get your “flat tax” rate. I’ll bet you’ll be shocked at how much less than 17 or 22 percent you paid.)[/quote]
David, I truly respect your opinion on a lot of things but you need to read the book on the flat tax. It will explain the program and answer all your questions. The flat tax could be our best option.
Well, now, davidd, I think Sprite has his tongue so far in his cheek that he looks like a chipmunk.
Although it is true that the IRS collects money to pay the interest on debt we owe to foreign banks and nations…..hmmmmm.
It used to be that the dollar was backed by gold. Ah well.
So, why gold/silver etc? Metals have value because you can make things that last from them. They have industrial (and other) uses. They are elements and don’t degrade (at least not in terms of human years.)
Paper money, on the other hand, makes a pretty fire.
Good stuff all! And thanks for the extra info on injuries. We will try to play it safe with aquinaldo, vacation, and CAJA.
[quote=”Scott”]In case you missed this….
Starting January 1st, 2013, the estate tax law will change dramatically!
Right now, the estate tax is 35% of any assets over $5.12M but on the 1st January 2013, the estate tax goes to 55% of any assets over $1M which is clearly a [b]GINORMOUS[/b] increase.
If you have these kinds of assets you have precious little time to ‘try’ and move them into a legitimate tax advantaged structure like an offshore trust or foundation.
You would still be liable for taxes on the income generated but, once the assets are inside, they can grow estate tax free forever.
Do you think the estate tax is far?
Would love to know ….
Scott
[/quote]So now what we need is information on how to set up a foundation or trust here in CR that will protect our assets – wherever they are. What information does anyone have on setting up something like that?
