Most people believe their tax dollars are applied directly to the expenses of government. An extension of this same belief promotes people’s desire to pay their fair share of the tax burden so we can all enjoy the benefits of living in America.
Industrialist Peter Grace and syndicated columnist Jack Anderson formed the Grace Commission in 1982 in response to President Reagan’s “Private Sector Survey on Cost Control.” Two years later, after 161 corporate executives and community leaders directed over 2,000 researchers to investigate government spending, the 47-volume, 21,000-page Grace Commission Report was published.
The $76 million study was funded entirely from private sector donations and cost the taxpayers nothing. The commission made 2,478 recommendations that would save the taxpayers $424.4 billion over three years without cutting essential services or raising taxes.
In a letter to President Reagan dated January 12, 1984, Grace encapsulated his commission’s findings. He warned the president of multi-trillion dollar government debts by the year 2000 should the federal government not act upon his commission’s recommendations.
In this same letter, Grace told President Reagan that “one-third” of the tax dollars collected are wasted and another third not collected. “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.”
Your slice of the pie
The fiscal year 2004 federal budget was about $2 trillion. The spending in percentages looked like this:
22.6%—interest on the debt
Looking at it a different way, if you had $1,500 deducted from your paychecks as an “income” tax and IF your tax dollars were directly applied to government expenses, your contributions by category would be:
$339—interest on national debt
But, if the Grace Commission is correct, then not one penny of income tax money is actually being spent on services the American People expect their government to provide.
So what is funding government? Tax researcher Richard Standring believes the U.S. funds itself with loans from the International Monetary Fund (IMF).
The IMF was created at the United Nations Monetary and Financial conference in Bretton Woods, New Hampshire, July 12, 1944. Per Title 22, Section 286 U.S. Code, the U.S. became an IMF member in 1945.
Standring followed checks naming the IRS as the payee. He claims the checks go to a Federal Reserve bank, a private banking institution that has never been audited. The money then goes to the International Bank for Reconstruction and Development and is deposited into what is called a “Quad Zero” account. It is from this account that IRS tax refunds are distributed (per 22 USC 286 and 31 CFR 11, section 214.7).
According to Standring’s research, whatever is left over is then transferred to the IMF. From there the money is redistributed among countries throughout the world—including the U.S.—in the form of loans. These loans must then be paid back to IMF bankers at interest.
According to the U.S. Bureau of the Public Debt, Americans were in the red $1.663 trillion in 1984. Twenty years later the debt has increased nearly five-fold to $7.1 trillion.
- Government waste is no secret.
- In 1984 the Grace Commission accurately predicted $multi-trillion government debt by 2000.
- The IMF, not the American people, is funding the operations of government through loan capital it receives, in part, through taxation of Americans’ wages.
- With every dollar paid to the IRS in taxes, America’s debt to the IMF increases—with interest.
- Paying wage taxes supports global banking, not the U.S. government or Americans.
What about schools and roads?
Schools, roads and bridges are not funded by income taxes at all. Property taxes fund schools; roads and bridges are funded by gas taxes; airports, sewer and water systems are funded by user fees.
100% of what is collected is absorbed solely by interest on the Federal Debt … all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government.” -Grace Commission report submitted to President Ronald Reagan – January 15, 1984
Ronald Reagan was promptly shot after he dared to criticize the Fed, on the same day that the Pope was shot. After recovering, he changed his mind and praised the Fed. About seven US Presidents have been assassinated for not cooperating with the Transatlantic Banking Dynasties (William Henry Harrison, poisoned, in 1841, Zachary Taylor, Lincoln, Garfield, McKinley and John F. Kennedy 1963; 7 if FDR’s poisoning is counted).
Most of us feel sick when we realize that Not one dime of IRS money goes to the US Gov’t, according to Reagan’s Grace Commission: it all goes to pay interest on a bogus debt to the Private Federal Reserve (FED), just to allow paper money to circulate as “Federal Reserve Notes”. The Federal Reserve is a private Corporation eventually owned by the Rockefellers and Rothschilds Dynasties through intermediary agents, designed to suck the capital dry from the U.S., as the Rothschilds do in Europe. Read Billions for the http://www.deepinfo.com/email/Billions4Bankers.htm Bankers, Debts for the People More Links at DeepInfo.com on Jekyll Island http://www.deepinfo.com/more/jekyll.htm .
The final report of the 1984 Grace Commission, convened under President Ronald Reagan, quietly admitted that none of the funds they collect from federal income taxes goes to pay for any federal government services. The Grace Commission found that those funds were being used to pay for interest on the federal debt, and income transfer payments to beneficiaries of entitlement programs like federal pension plans.
These comments were presented at the Close of the Citizens’ Truth-In-Taxation Hearing.Washington D.C., February 27-28, 2002: IRS is a Trust
http://www.supremelaw.org/sls/31answers.htm Headquartered in Puerto Rico Not a Federal Agency The IRS is technically not an “agency” of the federal government, as that term is defined in the Freedom of http://www.law.cornell.edu/uscode/5/552.html
Information Act and in the Administrative http://www.law.cornell.edu/uscode/5/551.html
Procedures Act. The governments of the federal territories are expressly excluded from the definition of “agency” in those Acts of Congress. See 5 U.S.C. 551 http://www.law.cornell.edu/uscode/5/551.html (1)(C). All evidence indicates that they are a money laundry, extortion racket, and conspiracy to engage in a pattern of racketeering activity, in violation of 18 U.S.C. 1951 http://www.law.cornell.edu/uscode/18/1951.html and 1961 http://www.law.cornell.edu/uscode/18/1961.html et seq. They appear to be laundering huge sums of money into foreign banks, mostly in Europe, and quite possibly into the Vatican. See the national policy on money laundering at 31 http://www.law.cornell.edu/uscode/31/5341.html U.S.C. 5341 . Do federal income tax revenues pay for any government services and, if so, which government services are funded by federal income taxes? Answer: No. The money trail is very difficult to follow, in this instance, because the IRS is technically a trust with a domicile in Puerto http://www.supremelaw.org/authors/cooper/cooper.htm Rico. See 31 http://www.law.cornell.edu/uscode/31/1321.html U.S.C. 1321(a)(62). As such, their records are protected by laws which guarantee the privacy of trust records within that territorial jurisdiction, provided that the trust is not also violating the Sherman Antitrust http://www.law.cornell.edu/uscode/15/1.html Act.
“Like it or not, you are a slave. You admit you are a slave every April 15th! That’s when you sign forms that “voluntarily” lay bare to the government the most private details of your life! And few people realize the income tax is a slave tax. It can never be compatible with the life of a free people”. ALAN KEYES
President Reagan comments on the results of the Grace Commission report:
Tom D’Ambra discusses the corporation of the United States, the Federal Reserve, IRS, where your income tax goes (as per the Grace Commission report), etc.