5 Attachment(s)
Income Tax - A Legitimate Usage Fee
Income Tax - A Legitimate Usage Fee
Attachment 1792 Attachment 1793
“Income” is not taxed.
The IRC is simply used to calculate and disguise the FRN Usage Fee!
The unspoken lawful foundation of the “Income Tax” is that it is a
legitimate usage fee for the
use of the private credit and script of the Federal Reserve System. It is based upon simple Contract Law - compensation for service rendered.
Income itself is never taxed - it is only used to calculate said usage fee.
Federal Reserve Notes (FRNs) are the default currency in the United States. To avoid its usage fee (aka “income tax”), one simply has to demand lawful money, United States Notes (USNs) in the form of FRNs, be used instead, for all transactions, as provided for in
12 USC 411, by making a substantive record of that demand on records (checks and deposit slips) used by financial institutions in their normal course of business documentation, and thereby creating admissible evidence per
Federal Rules of Evidence 803(6), and causing the presumed FRNs to be redeemed on an annual basis when 1040 Tax Returns are filed to enable this reconciliation of accounts.
When 12 USC 411 is effectively-connected to 12 USC 95a(2), because only lawful money payments can effect a “full acquittance and discharge”, then good faith reliance upon these statutes provides immunity from liability in any court, including tax court.
Federal government made $18B in profits off AIG bailout
Thanks for sharing that current information to us. However, I must say that the bailouts the federal government made many years back, to keep some large financial firms open and to prevent additional fiscal mayhem, may have not been as bad an idea as many believed. One of the biggest bailouts was the AIG bailout, which came to almost $200 billion being lent to the institution by the working class individuals. So far, the government has really made a profit on AIG, about $18 billion worth.