Jul 27, 2007

Taxing Issues

I have for sometime wondered what the forefathers felt about the size of the federal government and its powers. What would they say about the social programs like welfare, the health program, and the taxation system. Looking at the taxation in particular, what are the rights of the people and the IRS in terms of how we're taxed. An interesting case on the topic involved a lawyer in Shreveport, LA, who went up against the IRS in his pursuit to not pay taxes. The key of the case was that there aren't any laws that give the IRS the right to impose on citizens outside of "profits". What are profits? Well I'll tell what it isn't....income earned through labor! The definition would state the positive number from the equation revenue-expenses (at a basic level). According to this lawyers interpretation taxable income is for example dividends from a stock purchase, lottery winning, etc.. The Louisiana supreme court voted unanimously for the lawyer on tax evasion. I'm not crazy enough to think this would become federal law or anything but just made me think what would the country do if this was a law. Many unneccesary government programs would be abolished in order to create a balance from the income lost wouldn't it? I can only imagine the power of community institutions such as the church, for example to lead in community development and welfare in our community instead of underfunded inadequate governmental programs where are tax dollars get sunk into. Regardless this case was interesting read nonetheless. To find out more
http://www.shreveporttimes.com/apps/pbcs.dll/article?AID=2007707130321
as well as many other links.




Nathaniel Peete Jr.

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