pa2a.org


Share Thread:  
The IMF Wants You To Pay 71% Income Tax
#1
Quote:The IMF just dropped another bombshell.

After it recently suggested a “one-off capital levy” – a one-time tax on private wealth as an exceptional measure to restore debt sustainability across insolvent countries – it has now called for “revenue-maximizing top income tax rates”.

The IMF’s team of monkeys has been working around the clock on this one, figuring that developed nations can increase their overall tax revenue by increasing tax rates.

They’ve singled out the US, suggesting that the US government could maximize its tax revenue by increasing tax brackets to as high as 71%.

Coming from one of the grand wizards of the global financial system, this might be the clearest sign yet that the whole house of cards is dangerously close to being swept away.

Think about it– solvent governments with healthy economies don’t go looking to steal 71% of people’s wealth
. They’re raising this point because these governments are desperate. And flat broke.

The ratio of public debt to GDP across advanced economies will reach a historic peak of 110% next year, compared to 75% in 2007.

That’s a staggering increase. Most of the ‘wealithest’ nations in the West now have to borrow money just to pay interest on the money they’ve already borrowed.

This is why we can only expect more financial repression from desperate governments and established institutions.

This means more onerous taxation. More regulation. More controls over credit and capital flows.

And that’s only the financial aspect; the deterioration of our freedom and liberty will continue at an accelerated pace.

Can a person still be considered “free” when 71% of what s/he earns is taken away at the point of a gun by a bankrupt, bullying government? Or are you merely a serf then, existing only to feed the system?

http://www.zerohedge.com/news/2013-12-12...income-tax
It's the "BILL OF RIGHTS" not the bill of "needs"
Reply
#2
Which IMF is this? The Peter Graves version or the Tom Cruise version?
In any case, I disavow any knowledge of their actions.
Reply
#3
Doesn't France or somewhere already have a 70% top tier tax rate?
Error 396: Signature cannot be found.
Reply
#4
There was a 92% tax rate, here in the US, during the Eisenhower administration. Lyndon Johnson lowered it to 70%.
Vampire pig man since September 2012
Reply
#5
Who determines the tax rate for the people who work for the IMF??Dodgy
NRA Life Member, NRA Certified Instructor:  HFS, Pistol, Rifle, PPIH,PPOH
Suarez Combat Arms Instructor School
Admit nothing.  Deny everything. Demand proof.
If we lie to the government, it's a crime. If the government lies to the people, it's called politics.
Paying for welfare is slavery.
Reply
#6
Don't worry we'll get there.
Welcome to ObamaNation part deuxUtg
Reply
#7
Come and take it.
The forum poster formerly known as Emoticon...
Reply






Possibly Related Threads...
Thread Author Replies Views Last Post
  Judge orders Brady Center to pay ammo dealer’s legal fees after dismissing lawsuit das 7 810 07-02-2015, 01:17 AM
Last Post: DeadEye
  ATLANTIC CITY COP ORDERED TO PAY $250,000 FROM OWN POCKET TO CITIZEN HE ABUSED middlefinger 12 2,193 12-24-2013, 04:20 PM
Last Post: mikey
  Pennsylvania Gas Tax May Soon Be the Highest in the U.S. das 53 3,708 11-23-2013, 11:00 PM
Last Post: Spacemanvic
  Deal To Laid-Off Boeing Workers: 2.5 Years Unemployment,Travel, Moving And Supp. pay middlefinger 1 524 08-03-2013, 04:47 PM
Last Post: Camper
  DEA to pay $4.1 million to student left in cell, forced to drink urine to survive middlefinger 0 507 07-30-2013, 06:55 PM
Last Post: middlefinger



Users browsing this thread: 1 Guest(s)

Software by MyBB, © 2002-2015 MyBB Group.
Template by Modogodo Design.