Our income tax as derived from wages may go to the treasury dept. however, isn't it a little suspicious that the amount of wage originated tax revenue is almost precisely the same as the interest owed by the U.S. Government to the federal reserve bank?
This is to say, the lip service paid by the U.S. Government stating such terms as "Your tax dollars at work", and "we need to increase taxes to such and such an end..." is just that, lip service.
Where is the accounting to say otherwise? I mean, the logic here would mean that the govt. borrows from the fed res bank for the monies that are said to be tax derived funds for the many programs. While the taxes we pay can not begin to pay the principal of this constantly growing debt.
Schools, roads, PD,FD, welfare, etc. (local programs) are paid for by sales and state and property taxes . The Armed Forces and other federal expences are covered by Corporate tax revenues.
I don't want to be right on this. Please prove me wrong
2007-10-04
05:29:16
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8 answers
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asked by
AWM
2
in
United States