How Is Income Tax Unconstitutional
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Question: Did you know paying income tax in unconstitutional?
Have you watched part 2 and 3 of “ZEITGEIST”?
Answer: Paying income tax is not unconstitutional. More than 200 years of legal precedent say otherwise. See the other links in my post for more information.
I hope you enjoyed the movie and got some entertainment from it because that is all that movie is good for. If you wrote all of the factual information in that movie in a book, your book would be a single page and most of that page would be blank.
For information on why the arguments in the movie against the income tax are wrong, go to http://evans-legal.com/dan/tpfaq.html and http://webskeptic.wikidot.com/zeitgeist-income-tax
If you still have questions after that, go to http://www.quatloos.com/Q-Forum/index.php and the lawyers and tax experts there will be happy to explain it to you.I have tired of refuting Federal Reserve conspiracy theories mainly because the people believing them have no concept of how an economy really works and won’t listen to mountains of evidence. Go to http://webskeptic.wikidot.com/zeitgeist-federal-reserve and http://eh.net/encyclopedia/article/toma.reserve and http://www.geocities.com/CapitolHill/Senate/3616/FedReserveFacts.html and http://www.frbsf.org/publications/federalreserve/fedinbrief/myths.html and http://www.law.cornell.edu/uscode/html/uscode12/usc_sup_01_12_10_3.html
I have no comment on the religion part and the part on 9/11 is laughable.
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Fight to stop N.H. LLC tax heats up
EXETER — Area businesses are taking a stand against expanding the state’s interest and dividend tax to limited liability companies — which they say is unconstitutional, furthers the economic decline of the state and is essentially an income…
Ron Paul on CNBC 2004 – UnConstitutional Income Tax
Where Do You Report 1099 Income
Question: 1099-MISC for 2008 – Total income $500?
Hi,
I worked for a company as a contractor for short time. In 2008, I got $500 check from the company for my work. That’s the only check I got and I only earned $500 in 2008. I haven’t received 1099-MISC from the employer and I tried to contact, but no response. I heard from friend that if the income is less than $600, the employer is not required to send 1099-MISC. So, if that’s true, how do I report $500 income to IRS? Where do I get employer’s tax id?
Please help. Thank you
Answer: Your friend is correct that the company will most likely not send you a 1099-MISC. They are not required to unless they pay you $600 or more.
You will not need the employer’s tax id as you will need to put that $500 of income onto a Schedule C, showing Self Employment Income. The top of the tax form will tell the IRS exactly what kind of work you did, and what type of expenses you may have listed (if any).
And you will have a Schedule SE, calculating Self-Employment Tax, to see if you will be paying in social security and medicare taxes on your income.
Hope this helps,
Shannon C
NBR | Tax Tip #7 Tax Year 2009 – The 1099 Mine Field | PBS
Software Maintenance Taxable
SeaChange International Announces Second Quarter Fiscal 2011 Results
ACTON, Mass.—-SeaChange International, Inc. , a leading provider of software and hardware solutions for video-on-demand television, announced financial results for its fiscal 2011 second quarter ended July 31, 2010.
Do Tax Cuts Help The Economy

Question: do tax cuts help the economy?
Answer: in the grand scheme of things… I don’t think so.
A second stimulus: Are tax cuts the answer?
President Obama reportedly is considering a second stimulus depending more heavily on tax cuts than the first. Will that save the economic recovery?
House Debates $825B Stimulus Package (Bill). Spending v. Reagan-John F Kennedy Tax Cuts
Are Roth Ira Contributions Taxable
Question: if someone wants to roll overtheir 401k into a roth ira?
if someone wants to rollover their 401k into a roth ira their pretaxed 401k money will have to be turned into after taxed money durring the rollover to the roth ira. Is this money going to be taxed at the normal income tax rate for the individual so if you are in a 15% tax bracket would it be taxed at 15%. Or is it going to be claimed as ordinary income at the end of the year and taxed accordingly, in which case would be 50,000 salary plus 120,000 rollover would equal a Taxable Income of 170,000 which would equal a 35% tax bracket.
The money needs to be put in a roth ira because the preffered tax deffered retirement vehicle is a matching 401k so a traditional ira is not a option as the 401k will be kept to receive the employer contribution
Answer: You’ll get better access to people who can answer this question if you put in in the Taxes category.
Your 401(k): A vested interest
Question: My company’s 401(k) vesting period is longer than I plan to stay at my job. Should I still invest in my 401(k) knowing that I will not receive any employer matching? – Andrew, West Palm Beach, Florida Answer: The short one is, Yes, you should still contribute to your 401(k) account even if there’s [...]
“Gold Plated Health Care” Tax Glenn Beck’s Employees get screwed by the government
Taxable Rates
Question: The Talley Corporation has a Taxable Income of $365,000 from operations after all operating costs but before (?
The Talley Corporation has a taxable income of $365,000 from operations after all operating costs but before (1) interest charges of $50,000, (2) dividends received of $15,000, (3) dividends paid of $25,000 and (4) income taxes. What are the firms income tax liability and its after tax income? What are the company’s marginal and average tax rates on taxable income?
Please help!!
Answer: Here is the calculation for the problem below:
Income $365,000
Less Interest deduction (50,000)
Plus: Dividends received 4,500
Taxable income $319,500
70% of dividends received are excluded from taxes = $15,000(1 – 0.70) = $4,500.Tax = $22,250 + ($319,500 – $100,000)*0.39
Tax= $22,250 + $85,605 = $107,855.After-tax income:
Taxable income $319,500
Taxes (107,855)
Plus Non-Taxable Dividends received 10,500
Net income $222,145
Non-taxable dividends: $15,000 x 0.7 = $10,500.Marginal tax rate is 39 percent
Average tax rate is $107,855/$319,500 = 33.76%.
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Fitch Rates Louisville-Jefferson Co Metro Gov’t, KY GO Bonds ‘AAA’; Outlook Stable
NEW YORK–(BUSINESS WIRE)–Fitch Ratings assigns an ‘AAA’ rating to the following Louisville-Jefferson County Metro Government, Kentucky (the metro government) obligations: –$1,970,000 general obligation (GO) bonds, series 2010B; –$7,400,000 taxable GO bonds (qualified energy conservation bonds-direct pay), series 2010C. The bonds are scheduled for competitive sale the week of Sept. 13, 2010 …
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