All you need to know about income tax: Grace Commission Report

I put this in another post, but I figured it was important enough to get its own post.

http://wearechangecoloradosprings.org/doc/GraceCommission1984.pdf

Heres some excerpts with the important info you need to know.

"The commission found that : one third of all income taxes
is consumed by waste and inefficiency; one third is not
collected due to the underground economy; and 100 percent of
all income taxes are absorbed by interest plus government
contributions to transfer payments."

"Another one-third of all their taxes
escapes collection from others as the
underground economy blossoms in direct
proportion to tax increases and places
even more pressure on law abiding taxpayers,
promoting still more underground
economy -- a vicious circle that must be
broken."

"With two-thirds of everyone's personal
income taxes wasted or not collected,
100 percent of what is collected is
absorbed solely by interest on the
Federal debt and by Federal Government
contributions to transfer payments. In
other words, all individual income tax
revenues are gone before one nickel is
spent on the services which taxpayers
expect from their Government."

The United States may eventually become the UNTIED States. It is held together, like all government by force and the threat of force.

Income tax abolishment will be the biggest boost to an economy ever. Bureaucrats are useless parasites, most of their "work" involves controlling other people's lives. Petty bureaucrats are often the worst, they actually think they provide a service.


Anybody that advocates for Marijuana freedom and still believes the government can be useful in other areas is holding two opposing points of view. (Democrats) Anybody that advocates for "small government" and believes in Marijuana prohibition is holding two opposing points of view. (Republicans)

Holding and rationalizing two opposing points of view whether from the "left" or the "right" is hypocritical and anti freedom.

Democrats are "a little bit libertarian" when they promote pot freedom, but still think you don't own your wallet or your labor when they promte big government.

Republicans are "a little bit libertarian" with their "small government" platforms, but don't believe you own your body when they advcate locking up peaceful pot smokers.

Rejecting both parties makes sense, if you embrace freedom, rather than "a little bit of freedom".

Oh yeah...fuck taxes.

meowmix said:

"With two-thirds of everyone's personal
income taxes wasted or not collected,
100 percent of what is collected is
absorbed solely by interest on the
Federal debt and by Federal Government
contributions to transfer payments. In
other words, all individual income tax
revenues are gone before one nickel is
spent on the services which taxpayers
expect from their Government."

Click to expand...

If this is true, and it seems very likely, you are right, it should get more attention.

hear that great sucking sound? That's the future going down the drain....

It is only now that I can truly appreciate being in my age bracket. I was raised in a strong country, and was able to be an individual and make my own way in the world basically unfettered by strangers. I got to watch man walk on the moon live. I lived through the Reagan years which will never be matched again it seems....and that's my point. I will still live a great life because Obama and his legacy can't catch me. It will take decades for the medical system to break down completely, and as long as doctors continue to take cash....I'll be fine. Of course it does help to be healthy, and I very rarely ever get ill at all.

I do however look at my nephews....and feel true sorrow....knowing they will now live THEIR ENTIRE LIVES trying to repay what is being spent in the present tense. It is getting close to the point where there is NO WAY OUT.....for anyone under 40. I take no glee in the fact that most of the ppl who post here on RIU will live a much less vibrant life than I got to enjoy. They will simply never know what they missed. It simply won't be available.

That does sadden me. It's about the end of an era.....and what is coming next will be a nightmare....for many decades....at least.

Great find by the way....