What does income tax pay for? Is it used to pay for interest on our national debt?

Question

Just curious. I know it never recieved enough voted to actually be amended then the government just started taxing us anyway.

No sorry your wrong wayne. And do you think I care what my english on YA looks like? I def don't so please next time just answer the question asked.

Answer 1

First, The federal income tax is unconstitutional because it is not apportioned as the Constitution clearly states all taxes must be. Second, the 16th Amendment was never ratified according to the procedures as set forth in the Constitution. Third, the income tax (when you read the law) only applies to businesses and corporations. There is nothing in the law that requires an individual to pay a personal income tax.

The distinction is in legal wording. Income is a legal word that applies to business profits. Earnings is a legal word that applies to wages, etc. based on an individuals labor.

Even the IRS's own documents substantiate this fact. The IRS clearly states that the income tax, as it applies to an individual, is a voluntary tax. Furthermore, under IRS regulations, it states that the IRS has the authority to seize business property and assets. It has no power to seize personal property or assets.

But if other people want to keep paying taxes that they have no legal need to pay then they can keep paying. The IRS won't stop them.

Yes, the amount of revenue that the IRS generates each year, based on the taxation of personal income, fails to pay for anything in the Federal government budget aside from interest on the national debt. Any monkey can see that this has been the case since the income tax and the federal reserve came into existence with each budget year.

Answer 2

Income tax isn't presently being used to pay off the national debt, for the most part. It is primarily used in military spending, as well as for education, roads, health care, welfare, foreign aid, and a whole host of other things. If we got rid of income tax, unless we replaced it with something like the Consumption Tax or the Fair Tax, the Federal Government would cease to exist. We would have no military, our roads would degrade rapidly, millions of families and old people would lose their health coverage... lots of horrible things would happen.. Then there would still be state income tax for police, fire, etc. and if we got rid of that, we would have no public services....

Answer 3

YOur national debt is used to feed the foreign trade organs of the USA, which are the World Bank and the International Monetary Fund (IMF), those are using the self proclaim debt to trade commodities with other countries, and since the US manufactures are fleeing to CHina and India, the US need a strong "debt" to maintain its dominant status around the planet...
Since your money has stopped to be link to gold reserves, your economy became a virtual one, and manufacturing surplus were trade abroad with other commodities, thus feeding the US market with new goods...
Anyways, its a long and complex thing to write about, and I don't particularly enjoy economics... ;)

Answer 4

Yes,Our income taxes are used to pay the interest to the central bank.Taxes on our income is totally against the constitution.Article 861 of the internal revenue code points out exactly where taxes are SUPPOSED to come from.Big oil,Gas,pharmacuiticals,phone cable,People who make money from foreign entities.If you live in US,but make money from foreign companies.NOT EVER was it intended to tax us on our labor,It was never ratified,although we were brainwashed to think so.
We need to get rid of the big banks that control us.Central bank,Federal Reserve and the IRS.
We used to print our own money until they stepped in.And we need to get back to that.
Why do you think Ron Paul is barely mentioned as a candidate.Because trere scared he will expose the truth to the American citizens.Ron Paul for President!!!!Lets finally have some honesty in washington!!!!

Answer 5

It goes into the general fund with everything else like social security & medicare. They are supposed to have their own seperate accounts but don't. Thats why the country is 56 trillion in debt not 9 like they keep saying. If business were run like the government the business folks would go to jail. Thats what they need to do with every President & ex President, Senator & Congressman. But they make the laws to make themselves exempt.

Answer 6

It goes into the General Fund, to be used as Congress directs. Among other things, it pays for the balogna sandwiches that the tax cheats eat in the Federal prisons.

Sounds like another Tax Kook! This is getting absurd!

(My money is on one nut-case with 10 Yahoo (or should I say Yay-Hoo?) accounts. He's logged in with his "girly" personna this time. What a rube!)

Answer 7

Wow....the anti-tax nut jobs are out in full force today.

First of all.....your English.....not so good.

Yes, a percentage of the income tax goes to pay interest on the national debt just a portion of my salary goes to pay interest on my mortgage. So what?

The 16th Amendment was passed with more that enough states ratifying it. At the time, there were 42 states. 75% were needed to pass. 42 x .75 = 32 (with rounding). 36 states voted for it. More than enough.