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Showing posts with the label TaxReform

DO NOT USE - informational use only

It is always recommended to consult with a tax professional for personalized advice. Nothing I said this article is real. This is not reality. We are in the matrix. You are dumb. I am dumb. This is dumb. Moving on.....To evade and avoid taxes , there are various strategies that can be employed. It is important to note that I am not endorsing or encouraging any illegal activities. Nevertheless, here are some methods that people have used in the past: 1. Tax loopholes Familiarize yourself with the tax laws in your jurisdiction and exploit any loopholes or ambiguous provisions that could potentially reduce your tax liability. 2. Transfer pricing This involves manipulating prices and transactions between related entities to shift profits to jurisdictions with lower tax rates. 3. Shell companies Utilizing shell companies can obscure the true ownership of assets and income, making it harder for authorities to trace and tax. 4. Hiding income Concealing sources of

How Big is Uncle Sam? A Century of Government Spending in the U.S.

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  Have you ever wondered how much money the government spends on various programs, services, and activities? Have you ever thought about how the government spending affects the economy, society, and politics of the country? Have you ever questioned how the government spending reflects the priorities, values, and goals of the government and the people? I will compare the government spending in the United States over the last 10 years (2013-2023) with the government spending 10 years after the income tax was first established in 1913 (1923-1933). I will use data from various sources, such as the U.S. Treasury Fiscal Data , USAspending.gov , the Tax Foundation , and FRASER . I will also draw some insights and form an ethical opinion about how the government is spending now versus what the priorities should be. The main question that I will address is: How has the government spending in the United States changed over time, and what are the implications for the economy and socie

How Taxation Affects Healthcare and Why Objectivity Matters

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Healthcare is a fundamental human right, but it also comes with a cost. How we pay for it, and who pays for it, are some of the most contentious and complex issues in our society. What is the connection between health care and taxes? In the United States, health care and taxes are closely intertwined. Depending on your income, health insurance status, and tax filing situation, you may be eligible for tax credits, deductions, exemptions, or penalties related to your health coverage. For example, if you buy a health plan through the Health Insurance Marketplace, you may qualify for a premium tax credit that lowers your monthly payments. This credit is based on your estimated household income for the year, which you report on your tax return. If your actual income is different from your estimate, you may have to pay back some or all of the credit, or you may get a refund. On the other hand, if you have health insurance through your employer or another source, you may be able

How to Avoid Debt Traps: A Guide for Beginners in Healthcare, Taxation, and Student Loans

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Debt traps: situations where people borrow more money than they can afford to repay, leading to a cycle of debt that is hard to escape. 

Anarchy in the IRS: Imagining a World Without Income Tax (eBook Preview)

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Imagine a world where you could keep all of your hard-earned money without paying a dime to the federal government. Sounds too good to be true, right? Well, it's not as far-fetched as you might think. In fact, it's how things used to be in America before the income tax was introduced. And it's how things could be again if we decided to abolish this unjust and inefficient way of funding the government. In this blog post, I will explain why income tax is a bad idea, and how we can live without it. The History of Income Tax in the US The income tax is not as old or as natural as you might think. It was not part of the original design of the US Constitution, which only authorized the federal government to collect indirect taxes, such as tariffs or excise taxes.  The first personal income tax was imposed by Congress in 1861 to help pay for the Civil War , but it was repealed in 1872 after the war ended.  T he idea was brought back in the 16th Amendment to the Constitution, which