Posted on 03/28/2014 7:03:46 AM PDT by SeekAndFind
Agreed. I only came out better by itemizing for about the first four years of my mortgage. And that's before you even consider the reduced record-keeping and hassle involved in taking the standard deduction.
Oh, darn.
I don’t think going to a tax situation which would allow potential home owners to only have to earn the purchase price of the home in order to make that purchase is going to hurt the real estate market in any shape form or fashion! In fact, I think quite the opposite would happen!
Please see the White Paper linked to below.
http://www.fairtax.org/PDF/PromotingHomeOwnership.pdf
The actual fact is that income taxes have always been legal under the Constitution!
If you carefully read the 16th amendment you will see that all it actually did was allows the Congress to levy an income tax without apportioning it among the states or basing it on the United States Census. It exempted income taxes from the constitutional requirements regarding direct taxes, after income taxes on rents, dividends, and interest were ruled to be direct taxes in the court case of Pollock v. Farmers’ Loan & Trust Co. (1895).
Text of the 16th amendment:
“The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.”
Please see Post #124 on this thread.
The following is directly quoted from “The Communist Manifesto” by Karl Marx chapter II. “Proletarians and Communists” page 7.
Read it then ask yourself the question which follows.
“The proletariat will use its political supremacy top wrest, by degrees, all capital from the bourgeoisie, to centralize all instruments of production in the hands of the State, i.e., of the proletariat organized as the ruling class; and to increase the total of productive forces as rapidly as possible. Of course, in the beginning, this cannot be effected except by means of despotic inroads on the rights of property, and on the conditions of bourgeois production; by means of measures, therefore, which appear economically insufficient and untenable, but which, in the course of the movement, outstrip themselves, necessitate further inroads upon the old social order, and are unavoidable as a means of entirely revolutionizing the mode of production. These measures will of course be different in different countries. Nevertheless in the most advanced countries, the following will be pretty generally applicable.
1. Abolition of property in land and application of all rents of land to public purposes.
2. A heavy progressive or graduated income tax.
3. Abolition of all right of inheritance.
4. Confiscation of the property of all emigrants and rebels.
5. Centralization of credit in the hands of the State, by means of a national bank with state capital and an exclusive monopoly.
6. Centralization of the means of communication and transport in the hands of the State.
7. Extension of factories and instruments of production owned by the State; the bringing into cultivation of waste-lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal liability of all to labor. Establishment of industrial armies, especially for agriculture.
9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country, by a more equable distribution of the population over the country.
10. Free education for all children in public schools. Abolition of children’s factory labor in its present form. Combination of education with industrial production, &c., &c.
When, in the course of development, class distinctions have disappeared, and all production has been concentrated in the hands of a vast association of the whole nation, the public power will lose its political character. Political power, properly so called, is merely the organized power of one class for oppressing another. If the proletariat during its contest with the bourgeoisie is compelled, by the force of circumstances, to organize itself as a class, if, by means of a revolution, it makes itself the ruling class, and, as such, sweeps away by force the old conditions of production, then it will, along with these conditions, have swept away the conditions for the existence of class antagonisms and of classes generally, and will thereby have abolished its own supremacy as a class. In place of the old bourgeois society, with its classes and class antagonisms, we shall have an association, in which the free development of each is the condition for the free development of all.”
The question is:
Why on earth would the country holding itself up to the world as the CHIEF opponents of Communism want anything at all to do with the very tax system that Communism endorses?
The progressive income tax is a Marxist ideal! What else does one need to know?
“... all it actually did was allows the Congress to levy
an income tax without apportioning it among the states ...”
-
An excellent point to remember.
Haven't seen you around here in ages, how are you my friend?
I'm just a little over two years away from being able to pull the plug here in the People's Socialist RepubliK of Illinois and head to Texas.
We're looking around Fredricksburg. Admiral Nimitz's home town.
Don’t post here much these days. The run up to the last presidential election and all the attendant religious bigotry displayed around here was the last straw for me. I do pop in from time to time and say a word or two on a tax thread but that’s about it.
Better hurry and get here! At the rate folks are leaving blue states and coming here it’s going to get crowded quickly!
Thanks, Bigun. I knew you’d step in to clarify the issue!
Fellow FReepers, we have two opportunities to stop the madness!
November 2014.
November 2016.
If We the People do not elect solid constitution loving conservatives to our local, state and national offices in these critical elections, we and our children and grandchildren will be subjected to horrors that will make the Dark Ages seem like a walk in the park.
Think that your FReedoms and Liberties are God-given and inviolate?
Elect more LIEberals in 2014 and 2016 and find out!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.