Tag Archives: Taxation Without Constitution

Lew Rockwell explains how the Federal Reserve Enables War, Empire, and Destroys the Middle Class

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“The accused Federal Reserve bomb plotter’s home country wants details on his case. While this may make headlines, we ask Lew Rockwell of the Ludwig Von Mises Institute about one aspect of the Federal Reserve that has not made front page news: how the Fed, with its printing press, may be making war easier. After all, if the people of the United States were asked to write a check every year to the IRS in order to fund the exploding deficits and rising interest payments on the national debt, would they continue to support all these wars? Randolph Bourne may have famously quipped that ‘war is the health of the state,’ but it isn’t the health of the economy, this is for certain.”

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More Greek firms eye low-tax Switzerland

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“The Swiss fiscal policy has infuriated Brussels, as the European Union sees businesses fleeing EU countries to the tax haven of Switzerland.  According to Swiss laws, foreign firms which set up in the country pay €51 billions ($66 billion) less in taxes per year than Swiss companies, said a Swiss television report.  Setting an ultimatum, Brussels has given Switzerland until December 13th, when a European summit is held, to present a programme aimed at dismantling such privileges which are judged discriminatory and anti-competitive.”

http://www.thelocal.ch/page/view/more-greek-firms-eye-low-tax-switzerland

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Another Obama Executive Order Allows Seizure of Americans’ Bank Accounts

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“If an individual is declared by the president, the secretary of state, or the secretary of the treasury to be a ‘sanctioned person,’ he (or she) will be unable to obtain access to his accounts, will be unable to process any loans (or make them), or move them to any other financial institution inside or outside the United States. The EO expands its authority by making him unable to use any third party such as ‘a partnership, association, trust, joint venture, corporation, subgroup or other organization’ that might wish to help him or allow him to obtain access to his funds.  If the individual so ‘sanctioned’ decides that the ruling is unfair, he isn’t allowed to sue.”

http://thenewamerican.com/usnews/constitution/item/13196-another-obama-executive-order-allows-seizure-of-americans%E2%80%99-bank-accounts

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Global spat erupts over power of developing countries at IMF

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“A deal to double the IMF’s resources between its 188 members was first struck in April 2009 when Gordon Brown hosted the G20 summit in London. It was formalised in November the following year, and wrapped up with governance reforms to give developing economies more seats on the managing board.  But the Obama administration is believed to be dragging its feet because the agreement would formally release roughly $55bn to the IMF that its political opponents could paint as bail-out funds for the eurozone. With just a month to go before the presidential elections, the sign-off comes at a sensitive time.”

http://www.telegraph.co.uk/finance/financialcrisis/9601631/Global-spat-erupts-over-power-of-developing-countries-at-IMF.html

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How Does FATCA Impact You?

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“Until a few weeks ago, I was living under the assumption that by now everyone knew about the Foreign Account Tax Compliance Act (FATCA) and had a broad understanding of its implications. I realized, though, that I was wrong. FATCA is generally understood by non-US financial institutions; they are directly impacted by the rules and are trying to cope with its enormous administrative and legal requirements. But private investors are frequently not even aware of the regulatory monster preparing to invade.”

http://www.thedailybell.com/28116/Frank-Suess-How-Does-FATCA-Impact-You

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Internet Sales Tax Tops NetChoice’s List of Ugly Internet Laws

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“The number one offender on the iAWFUL list is a cluster of federal bills that would impose new tax burdens on online and catalog sellers while taking away states’ sovereign right to protect their businesses from foreign tax collectors. The Fall 2012 iAWFUL runner up features outdated laws being used to squash competition, stifle innovation, and increase costs to consumers.  New disruptive businesses models from companies like Uber, AirBNB, and TrueCar are generating opposition from traditional entrenched businesses. Entrenched businesses are twisting laws designed to protect consumers.”

http://libertycrier.com/business/internet-sales-tax-tops-netchoices-list-of-ugly-internet-laws/

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Swiss to tax family of suicide data thief

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“Tax authorities in the canton of Zurich are demanding 1.5 million francs ($1.6 million, €1.2 million) from the family of an Austrian man who committed suicide after he was arrested in September 2010 for stealing and selling the data to authorities in the German state of North Rhine-Westphalia.  The 42-year-old Credit Suisse employee reportedly received 2.5 million francs for the stolen data, which led German authorities to raid branches of the Swiss bank in 13 German cities.  Swiss authorities had blocked the heirs’ access to his entire estate in anticipation of the tax payment.”

http://www.thelocal.ch/page/view/swiss-to-tax-family-of-suicide-data-thief

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Coming: A “Medicare Tax” If You Sell Your Property

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“The Medicare tax could pack a punch for certain investors. It is not a sales tax. And it won’t apply to home-sale gains excluded from income under current law. But it could affect investors with outsize gains or gains from the sale of a vacation home or investment property.  Determining whether you will be subject to the tax is no easy matter.  Here’s what we do know.  The new tax will hit individuals with more than $200,000 in adjusted gross income, and married couples with adjusted gross income above $250,000 ($125,000 for married taxpayers filing separately). These thresholds are not indexed for inflation.”

http://www.economicpolicyjournal.com/2012/10/coming-medicare-tax-if-you-sell-your.html

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Obama to Issue Disastrous “Cybersecurity” Executive Order

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“Nothing short of amazing happened when Congress tried to ram through CISPA, SOPA, and PIPA. The defeat of these bills showed the power of grassroots activism as countless activists rose up and took action by calling their congressmen and spreading the word on social media.   Now, Joe Lieberman is pushing Obama to issue a cybersecurity executive order identical to the Cybersecurity Act of 2012.”

http://www.freedomworks.org/blog/jborowski/obama-to-issue-disastrouscybersecurity-executive-o

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Taxpayers spent $1.4 billion on Obama family last year, perks questioned in new book

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“Taxpayers spent $1.4 billion dollars on everything from staffing, housing, flying and entertaining President Obama and his family last year.  In comparison, British taxpayers spent just $57.8 million on the royal family.  Author Robert Keith Gray writes in ‘Presidential Perks Gone Royal’ that Obama isn’t the only president to have taken advantage of the expensive trappings of his office. But the amount of money spent on the first family, he argues, has risen tremendously under the Obama administration and needs to be reined in.”

http://dailycaller.com/2012/09/26/taxpayers-spent-1-4-billion-on-obama-family-last-year-perks-questioned-in-new-book/

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