Tag Archives: Taxation Without Constitution

Will Europe pay the price for one-sided U.S. financial information demands?

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“For example, under a law recently approved by the parliament of the United Kingdom (the first country to sign an IGA), HM Revenue & Customs commits explicitly to impose the American FATCA law on British institutions.  The costs of regulatory implementation by HMRC would fall on British taxpayers.  In turn, UK financial institutions (and their customers) would bear hundreds of millions of pounds in costs for collecting the information for transfer to the IRS.  The direct revenue benefit to the Exchequer?  Zero.  What is the U.S. obligated to provide in return?  Nothing, as it happens.  The IGAs have no clear status in American law.”

http://www.neurope.eu/article/fatca-will-europe-pay-price-one-sided-us-financial-information-demands

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The Tax-Evaders Who Never Make The News

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EPJ13

“You’ll never hear peep about another group of tax evaders. This group flies under the radar every time.  You see, when The Federal Reserve cranks out fresh copies of Bernanke Bucks, someone always gets their hands on the money first. These are the evaders of the insidious ‘Inflation Tax’. Think Wall Street, The Defense War-Making Industry, and the multitude of crony companies that receive government subsidies. They take their hot-off-the-press Bernanke Bucks and start spending them (bidding up prices). These are the lucky ‘winners.’ For they have found a way to evade the Inflation Tax.  The rest of us suckers get stuck with the bill.”

http://www.economicpolicyjournal.com/2013/08/the-tax-evaders-who-never-make-news.html

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What Egypt Tells Us About U.S. Foreign Aid

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“What do Angola, Cambodia, Chad, Haiti, Laos, Somalia, Sudan, Tajikistan, Turkmenistan, Yemen and Zimbabwe have in common? They all receive U.S. foreign aid and, according to Transparency International’s Corruption Perceptions Index, boast some of the most corrupt governments in the world—strong-arm governments in most cases.  If money can’t buy the United States influence, it’s also not buying America a lot love. According to a recent Pew poll, in Egypt, Jordan and Pakistan only 16, 14 and 11 percent of their respective populations have a favorable view of the United States.  Egypt is a clarion call to stop throwing good money after bad.”

http://www.independent.org/newsroom/article.asp?id=4686

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Ron Paul On Foreign Aid: We Should Stop Funding These Nations, You Can’t Buy Friendship

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Ron Paul On Foreign Aid: We Should Stop Funding These Nations, You Can’t Buy Friendship

“Former Rep. Ron Paul, (R-Texas), on why the U.S. should end foreign aid.”

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Taxation of Americans Abroad versus the 14th Amendment

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220px-GenIsaacBrock1

“The ‘citizenship penalty’ deserves consideration.  Both US citizens abroad and non-resident aliens are non-residents of the U.S.  The fact that the U.S. citizen pays higher taxes, because of U.S. citizenship,  is arguably a violation of the ‘equal protection’ clause of the 14th amendment. Furthermore, the U.S. Supreme Court has ruled that ‘citizenship classifications’ are ‘suspect classifications’ and that they can be upheld only if the government can demonstrate a compelling state interest. Why should US citizens abroad pay a penalty because of their citizenship?”

http://isaacbrocksociety.ca/2013/07/10/the-taxation-of-americansabroad-and-the-14th-amendment-guarantees/

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U.S. citizens ditch passports in record numbers

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“The latest bold-faced names to relinquish their U.S. citizenship include Mahmood Karzai, a brother of Hamid Karzai, the president of Afghanistan, according to federal data released Wednesday. Also on the list, published quarterly by the Internal Revenue Service, is Isabel Getty, the daughter of jet-setting socialite Pia Getty and Getty oil heir Christopher Getty. In total, more than 670 U.S. passport holders gave up their citizenship — and with it, their U.S. tax bills — in the first three months of this year. That is the most in any quarter since the I.R.S. began publishing figures in 1998.”

http://finance.fortune.cnn.com/2013/05/08/citizenship-taxes-irs/

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The Internet Sales Tax: Taxation Without Representation

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portallogo3

“Why should a taxation principle which is obviously preposterous when applied to tax jurisdictions around the world be regarded as tax fairness when applied inside the jurisdictional limits of the United States government? We are talking about invisible lines that separate tax jurisdictions. If the sales tax principle is legitimately applicable between states inside the United States, then the principle ought to be equally applicable between states inside the United States and states outside the United States. If the principle is preposterous when we cross national borders,then it should be equally preposterous when we cross state jurisdictions inside the United States.”

http://www.garynorth.com/public/10977.cfm

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Internet Sales Tax Passes the Senate, 69 to 27

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“Republicans in the U.S. Senate caved in. They voted to force businesses located in one state to serve as unpaid tax collectors for 45 other states. (Five states have no sales tax.) The RINO Party Line is that this is not a tax increase. It is a huge tax increase. Voters will pay it. Businesses will pay it.  The nightmare of complying will kill tens of thousands of online businesses. This is a subsidy to Walmart, which pays sales taxes because it is physically located in all states. Amazon has also joined in — same reason. It has delivery centers in several states, and it plans to add lots more. These companies want small businesses to pay. They do not want competition.”

http://teapartyeconomist.com/2013/05/07/internet-tax-passes-the-senate-69-to-27/

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Arizona governor vetoes bill making gold legal tender

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“Republican Gov. Jan Brewer vetoed a bill late Thursday that would have made Arizona the second state in the nation to recognize gold and silver as legal tender.  Brewer said she shared concerns with the measure’s proponents about a declining dollar, but she said the proposal was sloppily put together and did not address basic issues such as how transactions usingprecious metals would be taxed.  Brewer said it was unclear whether the state would have to exempt income tax related to a transaction involving precious metals under Senate Bill 1439. She said it could give businesses that buy and sell collectable coins an unfair tax advantage.”

http://news.yahoo.com/brewer-vetoes-bill-making-gold-015113547.html

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Four Reasons Why American Tax Laws Make U.S. Expats Suffer

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“As any student of American history can tell you, one of the reasons behind the American Revolution was ‘no taxation without representation.’ Since then, America has striven to ensure that the government is responsive and fair.  Until now.  Sadly, the United States seems to be straying from her heritage, as millions of unrepresented American expats are being subjected to extra reporting requirements simply because they live overseas. To add insult to injury, the American government isn’t the only body discriminating against Americans living overseas. Banks (both foreign and American), insurance companies, and credit/debit card companies are joining in.”

http://seekingalpha.com/instablog/424038-douglas-goldstein/1744531-four-reasons-why-american-tax-laws-make-u-s-expats-suffer

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