Halliburton Responds to Larry Klayman's Supersillyous Suit(My Title)

CBS Market Watch "Big Charts" Web Site ^ | 7/10/2002 | MarketWatch.com

[SierraWasp]

12:57PM Halliburton responds to Judicial Watch lawsuit (HAL) by Michael Baron Halliburton (HAL) is off 30 cents, or 2.1 percent, to $13.82, in midday action. The company is out with a press release responding to a lawsuit filed by Judicial Watch, a Washington, D.C.-based legal watchdog group. The suit alleges fraudulent accounting practices at Halliburton took place during the period when current vice president Dick Cheney served as its chairman and CEO. Halliburton called the claims in the suit, "untrue, unsupported, and unfounded." The company continued: "We are working diligently with the SEC to resolve its questions regarding the company's accounting procedures. Halliburton has always followed and will continue to follow guidelines established by the SEC and GAAP, General Accepted Accounting Principles."

[nopardons]

:-)

[nunya bidness]

Nobody said the Bank Holiday Act was the cause of the 29 crash.

Do you think that FDR did the right thing in 33?

[goldilucky]

As I said, go into the law libary and pull Title 12- Banks and Banking pg. 567 and read for yourself. The Bank Holiday of 1933 speaks for itself. Lot of people losts their lifetime savings on that due to this orchestrated plan. Course what would you care, right?

[goldilucky]

Look I'm not wasting my time trying to explain. Take your sorry behind over the law library and look in the Internal Revenue Manual -Administration Section 1111.1 where it states the following:

1) the purpose of the IRS is to collect the proper amount of tax revenues at the least cost to the public, and in a manner that warrants the highest degree of public confidence in our integrity, efficiency and fairness. To achieve that purpose, we will: encourage and achieve the highest possible degree of voluntary compliance.....

[nopardons]

Someone included it ( Bank Holiday Act ) in the Crash scenario; when all else failed. LOL

No, of course I don't think that FDR did the right thing. How could you even think I would ?

[nopardons]

Okay, goldi ... buy up ALL ( it's called cornering the market, BTW ) and don't pay taxes. Be my guest, dear ; however, don't complain when you are thrown in jail. :-)

I was correct, your tinfoil is wrapped waaaaaaaaaaaaaaaaaaaaaay too tight.

[nunya bidness]

Just wondering.

[nopardons]

Go read goldilucky's post. It's not I, who keeps throwing irrelevant and / or spurious junk into the mix.

[goldilucky]

here's more for you.

From the IRS Internal Revenue Manual- Adminstration Vol. 4

The Role: The mission of the Internal Revenue Service is to encourage and achieve the highest possible degree of voluntary compliance...... From IRS tax Form 1040 EZ 1991

Dear Taxpayer:

I thank each of you reading this letter for doing your part to keep our tax system the finest inthe world. It works well because so many of you do your best to pay your fair share. As countries around the world embrace our way of life, it is a reminder that government in a free country can only be financed through voluntary compliance and the suppoort of the public it serves. "Our tax system is based on individual self-assessment and voluntary compliance". Mortimer Caplin, Internal Revenue Audit Manual (1975)

"Fear is the key element for the IRS in achieving its mission. Without fear, the IRS would have a difficult time maintaining our so-called system of voluntarycompliance..." "Given the opportunity, the IRS will take the easy way out and grab whatever it can...the IRS does not really care about you and what your future...may be". Samto Presti, former IRS Criminal Investigation Agent and author of "IRS in Action" From Form 1040 of 1993

Dear Taxpayer:

"Thank you for making this nation's tax system the most effective system of voluntary compliance in the world........." by Former Commissioner of Internal Revenue Margaret Milner Richardson

[nopardons]

Here's more for YOOU , dear :

GO AHEAD AND TRY TO NOT PAY YOUR ONCOME TAX ! Those who propose that, wind up in jail . If you ARE paying it, then you're a hypocrite. If you aren't, you're a fool and part of the problem. :-)

[goldilucky]

take your tinfoil and shove it!

[nopardons]

Tsk, tsk, tsk ... such a refutation. LOL

[nopardons]

ONCOME = INCOME . Should have proof read a wee bit more carefully; drat .

[nunya bidness]

Are you saying that the federal income tax is not voluntary?

[Mo1]

Well gee that wasn't very nice

[nopardons]

I'm saying that if you don't pay it, you'll go to jail. I'm also saying, that those who advocate NOT paying it, and pay it themselves, are hypocrites. I am further saying, that poor benighted ravers, should not attempt to debate topics, which they know next to nothing about. :-)

If you're looking for a flame war, dear, you're SOL. LOL

[nunya bidness]

I am further saying, that poor benighted ravers, should not attempt to debate topics, which they know next to nothing about.

So are you saying that you know something about Title 26? And if so could you expand on the voluntary v. mandatory nature of federal income taxes?

[nopardons]

Oh gee, nunya, I am saying , that I know about the Markets, the '29 crash, what FDR did in '33, as well as the history of the NYSE, the CBOE, and was correcting dreadful misinformation. Also, that NOT paying one's income taxes, lands one inb jail.

What... now I have to spoon feed you ? Wake up, dear. :-)

[Texasforever]

I will claim no expertise on this subject but I think the "voluntary" part is filing a return. Paying taxes is not voluntary. When you "voluntarily" file a return you can claim all legal deductions to lower your tax liability. However, if you choose NOT to file a return then you pay the full tab as computed by the friendly folks at the IRS.

[nunya bidness]

Fair enough. If it's mandatory (jail) then why do we have to execute voluntary withholding forms (W-4)?

It would seem that if the system was fixed then we wouldn't have a choice as to how we pay.

For example, your property tax assessment comes to you in the form of a bill. No voluntary compliance, just pay it or move.