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REPAIRING UNITED STATES MONETARY SYSTEM

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  • REPAIRING UNITED STATES MONETARY SYSTEM

    How many people would like to have the monetary system the founding fathers of the United States prescribed in the Constitution ? CONSTITUTIONAL AMENDMENT DETAILS

    1. Federal Tax Credits added as National Currency that cannot be bought, sold, traded or otherwise used or stored in any manner outside of the United States of America, but for on computers and computer servers housed in the United States of America with printed equivalents also maintained and not allowed out of the country .
    2. Federal Tax Credits will be equal in value to Federal Reserve Notes, Federal Reserve Notes will continue as an International Currency of the United States of America.
    3. Federal Tax Credits will be held in Federal Credit Unions distributed amongst the States as decided by the Congress.
    4. Federal Tax Credits must be used by Federal Government to pay for all goods, services, contracts and programs; including but not limited to Social Security, Food Assistance, Health Assistance, Welfare Assistance, Education Assistance, Small Business Assistance and all Federal Employees.
    5. All Citizens, Married Couples and Sole Proprietorship Businesses will be exempt from Federal Taxation up to the amount equal to the current salary of the President of The United States on any given year, being the highest paid salary worker for the citizens.
    6. All businesses conducting business in the physical borders of the United States of America are required to pay their Federal Taxes in the form of Federal Tax Credits excluding business conducted outside of the United States of America physical borders which will be required to be paid in Federal Reserve Notes.
    7. Conversion of Federal Tax Credits to Federal Reserve Notes and vice versa must take place within the physical borders of the United States of America with those seeking conversion to be also physically present, including but not limited to individuals and officers of a corporation at their highest level.
    8. The charge of any type of fee associated with the conversion of Federal Tax Credits to Federal Reserve Notes or vice versa is strictly prohibited.
    9. Printing of Federal Tax Credits paper form will be done with the current Federal Reserve Note design changing the wording from “Federal Reserve Note” to “Federal Tax Credit” and “THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE” to “THIS CREDIT IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE”
    10. These amendments supersede any and all other Acts, Laws, Treaties, Alliances or Presidential Directives in force prior to and after the effect of these amendments.




  • #2
    After listening to Robert Kiyusaki and how the US Government classifies income three different ways, I think you need to add another amendment.
    All income no matter how it is made will be taxed and will be taxed at the same rate. With only one exemption, eash individual is not taxed on the first 100,000 each year.

    Comment


    • #3
      Originally posted by Treasure Tracking Tinner View Post
      After listening to Robert Kiyusaki and how the US Government classifies income three different ways, I think you need to add another amendment.
      All income no matter how it is made will be taxed and will be taxed at the same rate. With only one exemption, eash individual is not taxed on the first 100,000 each year.
      #5 deals with the issue of tax exemption and takes it to the level of being cost adjusted on basis of inflation. If the US President gets a raise in salary then the amount of personal income increases as being tax exempt. Eventually thru awareness the notion of personal income tax as we currently know it will be known for what it is. It is illegal. With the fix I propose defines what is personal income verses business income. If you make more money per year than President then your income would be considered business income. If a person can't live on currently a half million per year tax exempt then something is wrong for sure. 100,000 is too low for tax exempt status especially considering personal income tax as it came to be is 100% illegal. I could not add an amendment that is illegal based on our highest law of the land, Declaration Of Independence that says "For imposing Taxes on us without our Consent" as a reason to go to war with England. The notion of "taxation without representation" skewed the actual meaning of the text in the Declaration. It's all "self evident" if people just trusted in their ability to read simple English. But no, they consult experts where no expert is needed and socalled expert is corrupted by the outcome they seek. Did you know the law IRS uses to Levy taxes against the public is actually written:
      " Levy may be made upon the accrued salary or wages of any officer, employee, or elected official, of the United States, the District of Columbia, or any agency or instrumentality of the United States or the District of Columbia, "

      You do understand that , right ?
      The employee reference is not a general notion of every worker in the United States. But only employees of United States (government), District of Columbia or any agency or instrumentality of them.

      https://www.law.cornell.edu/uscode/text/26/6331

      Draw the line where it should be and this country will become what it was meant to be.
      Last edited by TreasureCodex; 07-14-2019, 09:01 AM.

      Comment


      • #4
        Originally posted by TreasureCodex View Post

        #5 deals with the issue of tax exemption and takes it to the level of being cost adjusted on basis of inflation. If the US President gets a raise in salary then the amount of personal income increases as being tax exempt. Eventually thru awareness the notion of personal income tax as we currently know it will be known for what it is. It is illegal. With the fix I propose defines what is personal income verses business income. If you make more money per year than President then your income would be considered business income. If a person can't live on currently a half million per year tax exempt then something is wrong for sure. 100,000 is too low for tax exempt status especially considering personal income tax as it came to be is 100% illegal. I could not add an amendment that is illegal based on our highest law of the land, Declaration Of Independence that says "For imposing Taxes on us without our Consent" as a reason to go to war with England. The notion of "taxation without representation" skewed the actual meaning of the text in the Declaration. It's all "self evident" if people just trusted in their ability to read simple English. But no, they consult experts where no expert is needed and socalled expert is corrupted by the outcome they seek. Did you know the law IRS uses to Levy taxes against the public is actually written:
        " Levy may be made upon the accrued salary or wages of any officer, employee, or elected official, of the United States, the District of Columbia, or any agency or instrumentality of the United States or the District of Columbia, "

        You do understand that , right ?
        The employee reference is not a general notion of every worker in the United States. But only employees of United States (government), District of Columbia or any agency or instrumentality of them.

        https://www.law.cornell.edu/uscode/text/26/6331

        Draw the line where it should be and this country will become what it was meant to be.
        And BTW, the IRS already describes what they hold as being the meaning of an "Instrumentality"

        https://www.irs.gov/government-entit...ax-obligations Instrumentalities

        An instrumentality is an organization created by or pursuant to state statute and operated for public purposes. Generally, an instrumentality performs governmental functions, but does not have the full powers of a government, such as police authority, taxation and eminent domain. A wholly-owned instrumentality of one or more states or political subdivisions is treated as a state or local government employer for purposes of the mandatory social security and Medicare provisions and also applies to entities covered under Section 218 of the Social Security Act. See IRC section 3121(b)(7)(F).

        An interstate instrumentality is an independent legal entity organized by two or more states to carry on governmental functions. Examples include a regional planning authority, transportation system or water district. For purposes of Section 218, an interstate instrumentality is treated as a state.

        In Revenue Ruling 57-128, the IRS addressed the question of whether an organization is wholly-owned by one or more states or political subdivisions. In making this determination, the following factors are taken into consideration:
        • Whether it is used for a governmental purpose and performs a governmental function
        • Whether performance of its function is on behalf of one or more states or political subdivisions
        • Whether there are any private interests involved, or whether the states or political subdivisions involved have the powers and interests of an owner
        • Whether control and supervision of the organizations is vested in public authority or authorities
        • Whether express or implied statutory or other authority is necessary for its creation and/or use of the instrumentality, and whether such authority exists
        • The degree of financial autonomy and the source of operating expenses
        Characteristics of Instrumentalities

        Schools, hospitals and libraries, as well as associations formed for public purposes, such as soil and water conservation, may be instrumentalities, depending on the facts and circumstances. State sponsorship of an organization, state regulation of its activities, the participation of its employees in a public retirement system and operation with public funds are among the factors to be considered in determining whether an organization is an instrumentality. **********************If an organization is essentially under private ownership and control, it is not an instrumentality. *************************************Associations formed for conservation, protection and promotion, although carrying out a public purpose, may not rise to the level of state instrumentalities. The following associations may or may not be state instrumentalities:
        • Soil and water conservation districts
        • Fire associations that protect forestland
        • Associations that promote a state or municipality

        To determine the status of an entity, it is essential to review the documents that establish statutory authority. See IRS Revenue Ruling 57-128 for additional information.

        Comment


        • #5
          Originally posted by TreasureCodex View Post
          How many people would like to have the monetary system the founding fathers of the United States prescribed in the Constitution ? CONSTITUTIONAL AMENDMENT DETAILS

          1. Federal Tax Credits added as National Currency that cannot be bought, sold, traded or otherwise used or stored in any manner outside of the United States of America, but for on computers and computer servers housed in the United States of America with printed equivalents also maintained and not allowed out of the country .
          2. Federal Tax Credits will be equal in value to Federal Reserve Notes, Federal Reserve Notes will continue as an International Currency of the United States of America.
          3. Federal Tax Credits will be held in Federal Credit Unions distributed amongst the States as decided by the Congress.
          4. Federal Tax Credits must be used by Federal Government to pay for all goods, services, contracts and programs; including but not limited to Social Security, Food Assistance, Health Assistance, Welfare Assistance, Education Assistance, Small Business Assistance and all Federal Employees.
          5. All Citizens, Married Couples and Sole Proprietorship Businesses will be exempt from Federal Taxation up to the amount equal to the current salary of the President of The United States on any given year, being the highest paid salary worker for the citizens.
          6. All businesses conducting business in the physical borders of the United States of America are required to pay their Federal Taxes in the form of Federal Tax Credits excluding business conducted outside of the United States of America physical borders which will be required to be paid in Federal Reserve Notes.
          7. Conversion of Federal Tax Credits to Federal Reserve Notes and vice versa must take place within the physical borders of the United States of America with those seeking conversion to be also physically present, including but not limited to individuals and officers of a corporation at their highest level.
          8. The charge of any type of fee associated with the conversion of Federal Tax Credits to Federal Reserve Notes or vice versa is strictly prohibited.
          9. Printing of Federal Tax Credits paper form will be done with the current Federal Reserve Note design changing the wording from “Federal Reserve Note” to “Federal Tax Credit” and “THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE” to “THIS CREDIT IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE”
          10. These amendments supersede any and all other Acts, Laws, Treaties, Alliances or Presidential Directives in force prior to and after the effect of these amendments.


          Cryptocurrencies!

          Comment


          • #6
            It's all about the L......In GOLD we trust! not in GOD.

            Comment


            • #7
              Originally posted by Ninety View Post
              It's all about the L......In GOLD we trust! not in GOD.
              Seeing as there is no gold backing the dollar, it need not matter. The history of money speaks for itself. Gold backing was only used for the purpose of collateral for bankers to loan money to governments. If you noticed, income tax and social security came into play to secure the debt after gold confiscation of 1934. Anyhow, the God written about on dollar bills is Mother Nature. Just look at Declaration Of Independence where it states "Natures God".

              Comment


              • #8
                Originally posted by Ninety View Post

                Cryptocurrencies!
                Don't you wish you had 10,000 bitcoins stashed away from when they were only worth the price of a pizza ? Now 120 million for the same. Yum, to have 10 pizzas worth.

                Comment


                • #9
                  What would you do with 10 pizzas that you couldn’t do with 1?

                  Comment


                  • #10
                    Originally posted by Rose Livingstone View Post
                    What would you do with 10 pizzas that you couldn’t do with 1?
                    I'm just really fond of pizza ! Do you think the pizza man held onto his 10,000 bitcoins ?

                    Comment

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