Let's Talk Taxes

I will never stop reminding readers that the U.S. Federal Income Tax was ILLEGAL prior to 1913! The concept of the federal government directly stealing the wealth of a free people is completely against the principles outlined in the U.S. Constitution. In 1895, the U.S. Supreme Court affirmed this stance in the landmark case of Pollock v. Farmers Loan & Trust.

Because of the 1895 Supreme Court ruling, those wanting a federal income tax were forced to use a constitutional amendment, and it was Amendment-16 that established the modern income tax. Congress passed Amendment-16 on July 2, 1913. Its main proponents were the members of the Federal Reserve banking cartel (controlled by 2 families...Rothchilds of Europe and Rockefellers of the U.S.) who wanted guaranteed cash flow to the government for paying interest to the Federal Reserve, which would be established later by an Act of Congress on December 23rd 1913. Powerful senators, such as Nelson Aldrich of Rhode Island, were behind both bills. Aldrich's daughter, Abby Aldrich, was the wife of John D. Rockefeller Jr.

Initially, most voters didn't pay an income tax. In 1914, the average annual family income was $827. The personal exemption was $3000, and the first tax bracket was a 2% tax on amounts of $20,000 or higher. The top bracket was 7% on incomes exceeding $500,000. It is no wonder why the lower class voters had no problem voting for this bill! It was sold as a "punish the rich and make them pay their fair share" package.

Within just 5 years, once WWI concluded, the average American paid 4%, with the top tax rate being 73%. Additionally, the personal exemption was lowered to just $1000.

Interest payments were however deductible, and since most of those in lower income brackets borrowed to purchase a home or support their farm, their actual taxes remained at 0%.

This was the case all the way into the 1950s and even the 1960s. Even though the average auto worker in Detroit had federal withholding, if they had dependents and owned an average home with a mortgage, they received 100% of their tax payments back on their refunds.

Taxes didn't start taking 25% or more of all American income until the 1970s, 1980s, 1990s, and beyond. Today, we have a federal government that is not just a portion of the U.S. economy. It has become so bloated with stolen wealth, it basically IS the U.S. economy.

And it is none other than President Trump, and the MAGA community, who are now commissioned to restore America and free enterprise to its former glory. A state where you can actually work and keep what you earned without it being stolen and wasted by bureaucrats passing funds to businesses owned by their friends and family, or handing it to foreign nations that secretly employ their friends and family!

President Trump's new "Big Beautiful Bill" exempts all taxes on Social Security payments (money initially stolen from you, and today is taxed when it is returned to you). The bill also eliminates tax on overtime pay if you are not highly paid. In other words, you are rewarded to perform hard work, unlike the welfare state envisioned by democrats where you are rewarded for not working!

The State & Local Tax deduction is increased from just $10,000 to $40,000, allowing most middle class families to again deduct the full amount of interest they pay on their home mortgages. And, since most lower income households use loans to purchase a car, if the car is manufactured in the U.S., the interest on those loans will now be deductible up to $10,000 annually.

The bill also increases the Child Tax Credit from $2000 to $2200 per child. With 2 kids, that's a tax savings of $400. And speaking of children, the government will contribute $1000 this year to a newborn account, which will grow and can be used later for education or a home purchase.

Overall, lower income families should see their tax burden decrease by about 16.5%. Business owners investing in America will also realize significant benefits, incentivizing them to invest more in America. These benefits help ensure jobs remain in America (i.e. you get to stay employed), and that America benefits from our tax payments, not foreign interests.

The bill doesn't go anywhere near as far as it needed to go, but it is a major step in the right direction of restoring America to its former glory. An America where you keep 100% of what you earn. The federal government is still massively bloated with waste and thousands of departments that didn't even exist 30 to 50 years ago. As DOGE continues their task of eliminating waste and fraud, we should see this bureaucratic leach of a government reduced to its originally intended small size. To quote Henry David Thoreau, "The government is best which governs least."

The main enemies of your freedom now are the globalists (primarily banking institutions and our Federal Reserve central bank), the democrat/socialist/communists who falsely believe everything should be free and especially for them, and the continuous line of self-interested congressman and ignorant U.S. District judges who work overtime stealing your freedom every time they speak. I wonder if they will even be thankful for the tax breaks they get on that overtime going forward!

We still have well over 3 years to continue this fight for freedom, and mostly economic freedom from government and its controlling banking interests. This "Big Beautiful Bill" is just one small step in the right direction, and it looks like the stock market also likes what it sees! It's fun watching your investments rise, isn't it? The communist-thinking democrats believe that is unfair.

America was never meant to be equal. It was meant to be equitable. Free enterprise rewards hard work and intelligently-deployed capital. There is nothing fairer than that!