Entry Submitted by Gene at 9:08 PM EDT on October 24, 2019
"Can a Flat Tax Work?" by MenoReno - 10.24.19
Um? On wages? NO! Its like European VAT - levied on new items bought excluding food and medicine, NOT wages. That's the whole point of this. The IRS is a scam and it was draining the citizens of the US dry without helping the government at all because the IRS was sending the money to the bank of England who was forwarding it to the Vatican bank where it was distributed to the central banks where now we had to BORROW all the money we needed to operate. Yep, debt slavery to the max.
The purpose of the flat tax is to raise enough money for the country to function properly while eliminating income tax so now we get to spend it which helps the whole country.
I'm confused where you got the idea that this 17% tax was going to be levied on wages because everything I've seen or read excludes wages and simply says its going to function like a national sales tax.
Can this work? They wouldn't have proposed it if they thought it wouldn't.
Most people in the US paid more than 17% income tax so this will definitely turn the tides for the better. A lot of more well off people paid close to double this so it is, in fact, a welcome relief. I hope they'll make it 14% though but its yet to be seen what the final rate is.
Its also said there are going to be exclusions for low income individuals so they have thought this through to make sure they don't burden those of us who can't tolerate losing 17% on items other than food and medicine they might need.
Signed: Gene
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______________________________________________________
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Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
"Can a Flat Tax Work?" by MenoReno - 10.24.19
Um? On wages? NO! Its like European VAT - levied on new items bought excluding food and medicine, NOT wages. That's the whole point of this. The IRS is a scam and it was draining the citizens of the US dry without helping the government at all because the IRS was sending the money to the bank of England who was forwarding it to the Vatican bank where it was distributed to the central banks where now we had to BORROW all the money we needed to operate. Yep, debt slavery to the max.
The purpose of the flat tax is to raise enough money for the country to function properly while eliminating income tax so now we get to spend it which helps the whole country.
I'm confused where you got the idea that this 17% tax was going to be levied on wages because everything I've seen or read excludes wages and simply says its going to function like a national sales tax.
Can this work? They wouldn't have proposed it if they thought it wouldn't.
Most people in the US paid more than 17% income tax so this will definitely turn the tides for the better. A lot of more well off people paid close to double this so it is, in fact, a welcome relief. I hope they'll make it 14% though but its yet to be seen what the final rate is.
Its also said there are going to be exclusions for low income individuals so they have thought this through to make sure they don't burden those of us who can't tolerate losing 17% on items other than food and medicine they might need.
Signed: Gene
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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