Stuff, you should know, is presented by Subaru and the Subaru love promise a commitment made by Subaru and its retailers to do right by the communities in which we all live in work. Subaru partnership with the leukemia lymphoma society to deliver messages of hope has spread to more than seven hundred hospice. Nationwide to learn more about how Subaru gives back visit, Subaru dot com. Slash love dash promise that, as you be a r, u dont, come slash, love dash. Promise

welcome to Stepney should know greenhouse gas networks, dont pay and working hard. Kids, don't judge thirteen throughout the beach with bright and Jerry ruined her here with me, so its definition of the tribe locally, that's nice, friendly welcome and german time. At the end, the new french Friendly, the french police, has got gunfight still snowing people like weeks later snowing great yeah, because we're releasing is one road tax time cause is appropriate for trade April fifteen people. Yet the dreaded day it is

did I feel sorry for people without birthday? Is it just associated with no pain and suffering? Where you should do I mean I think about it? That's one good thing: on that day, there is their birth new Anna I think we should all celebrate like a half birth. They were many birthday on April. Fifteen just can alleviate tax day. That's right! So we're talking about taxes specifically income tax, which is everyone's favorite tax to pay, is go out and work hard for your money and then get a hard every a significant portion of that to the government that tax day among attacks bash China, taxpayers. It's tough, not you, and I know you are out of date, taxes I get it, but man. It's just government takes a bite. Well, it's not that even it takes a bite

tinkle. So much of it away. You know here and oh, my god, it's so maddening, the older I get a more just like you have to be. The kidding me yeah when you are younger, you don't think about that. Stuff is much illustrated eagle. Only like wait a minute. I pay how much. That is exactly why I must get into this shock so arm we're talking income tax, specifically taxes by them. This country has a long history of hating taxes, and it goes back to the very point that it was founded on, which was in part the breaking away from great Britain, yeah England, because of taxation representation, a few colonists. You were taxed man all over the place here and what they found no was when we got our independence, the: U S, government formed and started taxing all the same stuff and,

I imagine they didn't love it, but there are likewise with least we're represented, which is kind of the issue we had before right enough. This is taxation with representation, but they these were just they weren't. They were excise taxes, which is a tax on a specific good right, specific type of good. They were tariffs which is a tax on foreign imports and they were arms sales taxes, basically yeah. Eighteen twelve was the first sales tax old, silverware jury and watches to that's pretty much a luxury tax, really yeah. So right off the bat. The first tax on a personal tax on a person is effects. Healthy yeah. It's interesting the m, the history of the taxes hears you look There was a lot of installing attacks and then repealing and saying now that's not right and then

but another tax and then they would say now. That's not right. What's funny, is that pattern that you're talking about it followed because their taxation is? the imposed on the wealthy wealthy figured out how to get out of it. Doesn't everybody else's shoulder and then its repeal. Yet this is nothing the stuff that we see now blogging about it's kind of was exactly the same back then, which is really got a funny when you think about it. You know nothing new. So in eighteen, sixty two was when we got our first national income tax and apart was to support. The union Army Congress pass laws in eighteen, sixty one and one sixty two, the Office of Commissioner of Internal Revenue, which we know that ass. The day was set up by the tax ACT of eighteen, sixty two jealous just for a second chuck like what's thing about this, the beloved Abe Lincoln is directly responsible for the income tax and iris yeah,

but on his white shirt I guess you can set up an income tax without a body to regulate it into enforce it, which is basically what that did in eighteen. Sixty two right: we're talking about taxes being created due to be imposed on the wealthy between eighteen, twelve, the ever eighteen, seventeen with that when that tax, a luxury, good taxes, Emanated yet, and eighteen sixty two, there weren't any taxes like that at all there weren't any personal taxes and the EU, government funded itself from tariffs right. So all these four in Portugal is coming in imports. Exports due to other terrifying imports, apparently they mostly because this allowed companies this this basically led to the? U S: economy: booming, because data like all of the internal stuff all domestically produced after wasn't, subject any tariffs, so they didn't have to compete

cheaper prices, and these companies used this stuff to enrich themselves which led to the Gruber wealthy, which in turn led to the first income tax, anything sixty two to tax, that uber wealthy right and in eighteen sixty three. They started collecting this income tax for the first time and it was a graduated tax can likely, today. If you earn between six hundred and ten thousand dollars a year, you pay three percent female higher than that. You paid more than that percentage, wise. The That was the first income tax or its office, three percent and then five percent. If you made over ten per year, it's always funny to me when I hear like our founding fathers Bob warlike. Now you my father's is. This is exactly how they set it up. So I guess the argument is: will not those founding fathers just certain founding fathers? I agree with

depends on the founding. For what is this a hearing, the argument, our founding fathers, when people and even really know exactly what our founding fathers were doing like imposing a graduated tax. First right off the bat right. Well, they d but this is a hearing, the argument, our founding fathers, when people don't even really know exactly what our founding fathers were doing like imposing a graduated tax. First right off the bat right. Well, were basically the founding fathers Monroe Madison washing tincture came up with the Jimmy laundry sure they came up with a country. That's different. The one we have now and the reason that is different now is because Jefferson came along and said we can do better than their. So, let's change this and that's what we have now so yeah weight which founding father you talking about so

the groups and went back and forth there was a flat tax in eighteen, sixty seven, instead of a graduated tax and then five years after that they repealed income tax altogether here may said, this is not right. It is unconstitutional It's got to abide by constitutional guideline and it does not, and that was the income tax of eighteen. Ninety four there was where the tariffs were. I'm sorry. I'm spoke earlier between eighteen, seventy two in eighteen, ninety, four, that's where the? U S? Government was till it arrives, lived on tariffs here and that allowed the economy to boom railroads to grow and that a class of goober wealthy even wealthier. They were there before right like this, is when the Carnegie came along gray Rockefellers. They started to develop, run out of this and saw these people said: hey man like these peoples should be paying some some taxes here and that's where they came further through the eighteen. Ninety four tax came from

Yeah that tax two percent of personal income, more than four thousand dollars again tax on the wealthy and the Supreme Court that's when they struck that one down as unconstitutional. So in nineteenth in Congress got around this by making it a part of the constitution and said you know what will create the sixteenth amendment. Congress shall have the power to lay and collect taxes on incomes from whatever source derived their without a port, apportion I'm sorry, the apportionment among several states without regard to anything This right, which is the hang up before you like it, didn't matter how populated your state ass, like ass, not do state it's just a national tax, gray and originally

eighteen, ninety four income taxes attacks on the upper wealthy does making more than four thousand dollars a year, which is super. Well, they either and the over wealthy fought it get the Supreme Court to strike it down, and so under TAT Swatch. They said what we can get around this by just amending the constitution. That's what they did and apparently, from this the sixteenth amendment like before Chuck, it was like you are more participate in your state yet, and there is the federal government, but it was the federal government and they didn't mean a whole lot to you. When the sixteenth men was passed that changed everything, because now you were appear to the federal government and the federal government also had the states.

By the short hairs, because the state relied now on federal grants that were generated through your tax dollars near to the federal government, really asserted itself as a central power consolidated power into the federal, government with the sixteenth amendment more than anything else before, and they never look back. They certainly didn't know nineteenth team with the Underwood Tariff ACT. They basically kicked off the modern system that we have and during World war, two they started. Withholding tax is instead of just telling your bill and paying at the end of the year? You have as we all know and love now you have for your paycheck withheld your pays. You earn system of trade and that funds the government continuously, because every pay period, your employer, which who withholds them your money on behalf of the government, submitted to a Federal Reserve Bank and the government, earns interest on it and has constant income. The train

it's like the pay check for the government, exactly why it is so much was workpeople through our and- and I think this article does right by it. Might picking out just one person Joe? I don't want to count Joe, I'm so tired of that when you recall why have Cyrus written down her, I will go Cyrus upright Cyrus gets job, Cyrus gets a wage. He agrees to this employment is our aid is fair job and the employer is our desire to get a further step before and that's when you, your tax, man. You gotta, do it right you get hired and it's gonna. All your withholding allowances and all your dependence in childcare expenses and, basically ever in that. You need to know MR employer like how much money to hold out of my paycheck right. So I fill out the door before now. You know,

nay, withholding and now the end of the year me Cyrus. I want to see if I can kind of project how it did. The sheer am I gonna be pan him, I'm getting back so hearsay. Do that. So are you you're gross income? The number that we all wish we actually made right that all the money you have from salary firm, interesting, come from pension, yet. All the money you have coming in. That's your gross income right and then you go through adjustments and adjust so, basically yum little little more against that the government gives you says you can you can yet subject this from your growth? come with lower your gray, alimony, let's say sure, or if you tax on yourself employment, if you move living expenses for your job, that's why

The fact that in all these things so adjustments deductions, we shall talk about all of these things. Credits. There are basically behaviors that the government wants to encourage. Yet they give you they give you the ability to subtract those amounts from year to year. Cursing yeah they instead of icy things like they want you to work, so you can deduct childcare expenses under some some regimes, They want you to go to college. You can deduct college expenses, things like that right, so that your adjusted gross income right when you subtract you're adjustments threat from growth, so that your Asia and then you got a couple choices here. When you go to fill out your tax forms. You can either do the standard deduction or itemised everything out you gonna want to choose which everyone is greater. Obviously you can get the biggest stir chunk for yourself,

all sorts of itemised deductions like if we had a tax countermine here, they would probably laugh if we try to break down some items, the actions this alone, and they get really weird like, for example, her good example that if Europe Bodybuilder professional body building, which I am oil body oil I write off. My oil can be written off as a business expense, yet You know when I used to freelance in the film industry, there are all sorts of cool things you can write off like your movie tickets, I'll call your cable bill and stuff like that. You can write off your interest on your home mortgage. Irritable contributions, some medical in dental expenses, all sorts of things within the law that you can the comrade off your deductions or you can just go the standard election again right. You'll have to itemised everything. I know by a lot of tax people, say: tax professional, say at least go through and make sure you shouldn't be itemised.

Pressure gives it is even a penny. More, maybe not a penny, but if a little more, it's worth the trouble most of the time, and it is a lot of extra paperwork. But you know you save yourself. Some money is your deducting from your deducting from your income. Then. Finally, after you have your just a girl, coming you subject all the deductions for that. That number, that you have, that you taxable income, so the more you can deduct from it the lower your tax burden is gonna, be yeah. I can't remember which theirs Merciless Gunnar. Now about one of the M accounting firms that says the Americans left a billion dollars on the table for Buffalo, always CAFE, If you're getting your taxes are of little importance, then you get it a dozen weighing as the awesome did you hear that they may have the readers flavoured wings come now. I really tell you how excited about this the whole the realisation of everything you need to go

bandwagon, because there is a lot of fun to be had eating burrito based food. Remember we! and I was Doritos there was it goes like this guy, stash would say this one, the Rio and others doing what we're vying, Doritos one at a time from a guy, owes us together down the commercial he was. It looks like Jean shall it you told the Fredo Bandy, though fifth different than some other Doritos, really I know you can have Mr Pringles, but now they you know you got Yours is overwhelming ridiculous. Yet by eight and his eyes, like labours in their their dislike. Let's throw everything at the wall and see what sticks just gimme, the reader or courage. Current is great to abide by the going. They brought the original version out to another. Pretty. These regular, not register. It has no, even before that there is an original version. It's like got taco. Basically, orange bag is an orange back. I think that's the others. When I grew up on everything

no, the natural one is the red bag. An employee was covered is just like the nineteen twenties only me have. The original darling sixties are fifty South Asia even before your time, so you ve got your taxable income You go to the irish tables. If you make less than a hundred thousand dollars a year, you go the rate angels. If you earn more than a hundred thousand dollars a year, an like, we said the marginal tax rate system or graduated their different tax brackets, depending on how much you make gather seven this year into, doesn't thirteen. So what's the law is still ten percent yet ten percent fifteen percent? Twenty five percent, twenty eight percent. Eighty three percent, thirty five percent and then fur earners of four hundred thousand are over. I think single earners of four hundred care over its thirty. Nine point: six percent have year much hey, but so too

original text, meaning there that you following me: regular another player if you earn a hundred thousand dollars, Oh, I think twenty eight thousand dollars. I think a thousand, maybe the twenty eight percent. Are you in all twenty thousand dollars of your adjusted gross income or yeah. What you would owe is ten percent up to the top of the ten percent bracket of eighteen percent of the high of the fifteen percent bracket and so on. Until you reach your bracket, check your adjusted gross income from the top of their around the bottom that bracket and then you oh, like twenty, eight percent of that. Ok, that makes more sense. It's a lot easier if it say like you, if you're making a hundred thousand dollars unless he's gonna text table on you like there, it is, but it's also fairly easily calculated as well. What do you want to make? Ninety nine thousand nine hundred? Ninety nine dollars worth here's the thing You want to make as much as you possibly can. I think

But then you wanna have, if that's what you're into set by the letter saying everyone is to pursue the dollar right, but if you are doing the dollar, and you don't want to pay more tax than you have to see you you want to make a high salary and then they have a lot of adjustments. Yet undefined MRS that there is this thing that was introduced in the sixties, nineteen sixty nine, I think- or maybe the seventies arm- was the alternative. Contacts. Sorry they came round in the eighties nineteen. Eighty two, the altered a minimum tax was introduced to keep high earners from just deducting absolutely everything in paying a very low tax write any made sense of time because it was imposed on high earners. The problem is the cut off. There was originally introduced, something like sixty thousand or so

I got my at that. Time was a lot of money, but it was never index to inflation. So as value of the dollar grew weaker overtime through inflation in the industry to inflation. That's weird! Well, because, now with something like ninety, five percent of wage earners fall is subject to the bare minimum tax Malaga, so it's basically like an extra tax now and what the alternative minimum tax does. It say: ok, great you went through in you figured out argued and after this beautiful, what we're gonna do is take your adjusted gross income minus it up, that's nice little number that you got it to Morgan, others, deductions back right and we're gonna come up with your alternative, adjusted alternative income figure and then we're gonna figure there. How much extra you o on top of your normal ten forty and that's your full text? You can add that to the ten forty tax about the Euro

with the actual tax you, oh, including alternative minimum and apparently basically everybody subject to it one way or another, even if you dont itemised. Even if you choose the standard deduction, you probably oh sir thing on the alternative minimum tax. So it sounds it you're saying. Is that no matter what we do and How clever we try to get with our accounting. All they have to do is throwing the word another adjust right. Those are right back at big into stone. Another word: now we need to adjust it again in some at some point, you stop adjusting right exactly so think. The key here is then, if you're still, if you like, I'm subject the alternative minimum tax, I'm by one and a high salary, but I want to pay too much tax. The thing that doesn't the adjustment through the deduction, I'm sorry that doesn't get added back to Europe- you're grossing come when you're figuring, they all turned a minimum tax. Is charity charitable contributions

the key them would be to max those out of the house as possible, and then that would, I imagine, lower your tax a little bit as far as alternative minimum tax goes right, crazy. That is crazy. It's like huge attacks, and I now do it again in pay more support for this pod cats in the following message. Come from e trade, investing your money should require moving mountains, no matter how much or little experience you have. A trade makes investing simpler and for a limited time get one hundred dollars. When you open, a new account would just five thousand dollars. It's all about helping your money were hard for you for more information visit

trade, dot com, slash, learn more e trade Securities LLC member S Ipc. Let's, because we didn't adjusted to inflation. I I think we're here toward the end of this portion. You have your gross tax liability. Finally, and we should say also I'm so that, as of two thousand twelve, it became finally index to infer ok, but I mean for thirty years, and he hasn't it- is kept hitting more more more people. Will it's important now, let's go get so we have

gross tax liability, now Cyrus's sire Sakina subject any credits that are still there and then that final member is Cyrus's net tax. So that see the way he's gonna pay or what he's gonna get back and come April fifteenth of some time between January thirty. First, when he gets his deputy from his employer, enable fifteenth he's gonna have to figure that out either by himself with the help of someone who knows what they're doing your daddy to is gonna break down everything made basically thus on your final paycheck, but the deputies. What use and in writing his supper copy brain supposedly the your employer year. Anybody who, who is gonna, say you money about income, you made or documents about income you made has to give you those documents by January, thirty. First, the trade, ok and then here's

One part they take all your information and they saw it on magnetic take machines from the nineteen fifties. Video you found this this, crazy. What stood out to me when I saw magnetic take machine tools like how old is this an apparently that still the case, because they don't have the funding to upgrade their systems, so they have. The magnetic tape, programme and Obama's is try to think in two thousand swelled increase funding. The fact that by like him, a year and a half dollars two point. One billion out of it went through or not. So we like you, found chalk. He stumbled upon the very reason why attacks refunds take forever because there's a two week period between when this, the refer, the tax return is filed. And it ends up on the magnetic tape where it's like it doesn't even exist as far as irises kitty, others not

what do they're using magnetic creeps sites, own. Apparently, also in this article that you said they were saying that the encryption flyer ass is like pretty sad is well. That's pardoning and security breaches is all but inevitable. If it hasn't, happened like if it doesn't happen on a daily basis already, while our aid, so that a lot of people complain about taxes in this country and probably worldwide, I'm so where the years have been. A lot of different solutions proposed different kinds of taxes: alternatives, if you well one very popular one, because it keeps coming back up at least- is the flat tax. I think also people to say it fight, you're gonna, stay Forbes and Dick Army were big on the flat tax, and that was one of Steve. Forbes is big guy

I want the foundations of his presidential campaign was a flat tax of seventeen percent is basically, everyone pays the same tax, no matter what your ear complicated tax code, it's gonna, be bye, bye and you're. Gonna get something about, says a postcard to fill out right about ten since your personal income, any personal allowances, your wage, your salary and then what is your seventeen percent? Not that you, oh right, make sense. What's the problem, seventeen percent there be great for everybody, Critics will say that it favours the wealthy inputs, higher taxes on the burden on those who don't make as much money here, because, if you're paying ten percent, if you're in the ten percent break- suddenly you're paying seven percent more on your income. True under Dick armies, MA am flat tax that he proposes

anyone making less than thirty six thousand eight hundred pays no taxes which is different than forces right which, if, if that's still part of his plan, I couldn't find if he'd adjusted it right. The meant that it actually is a pretty good plan if they would still satisfactorily fund the government, because that would mean that everybody, if you're like you, pay no tax for thirty, eight six right, yeah, I'm thirty, six, eight thirty, six, eight yet, and so anybody above that we is still be paying less, because that falls in the twenty five percent bracket, which means that you would automatically everybody would automatically be downgraded tax. Why there, which is pretty good? The problem is, as you know, with that find the government right is at issue

oh yeah, I mean think about the so were historically low levels of income tax is right, like in the sixties, under J, F K and L B Jays watch, the tax rates were in an ninety percent, while the highest taxi day. I was up ninety percent. I thought that was wrong and higher income nervous checked. It was like people think taxes are bad. Now that it's not there's been plenty of us. Times during the during booming times, like the Post war period, their high taxes, where taxes have up to seventy percent, for people- and these are the high. This is the highest bracket, but there have been many where it's very high, very low and apparently the situation as we will have like a bubble in economic boom cycle, and as a result will lower taxes and then things get tight and then extremely high taxes follow

apparently it considering the amount of federal spending going on right now are taxes are alarmingly low. So the idea of a seventeen percent tax across the board. We basically bankrupt the the Eu S. Well, maybe they should be thrown away spend their money. Well, it's a lot of people say that neither men retard throughout that the debt ceiling at the third year, but there are some some countries that have instituted flat taxes, especially handful of Baltic states, does work, I mean they ve been doing since the ninety. Some of them have it's gonna hurt to compare, though you know here, because I mean those apples, oranges apple to a slightly different type Apple Grannie Smith. You read the letter, but there is also a lot of people say well, yeah Estonia is still around the US economy is growing, but there is also this thing called the value The text that is really helping their revenue as well right is, in addition to the flat tax.

So another alternative. The national sales taxes. Then floated for a while now seems to be gaining traction, or maybe I was reading into it. Basically, this is the argument that taxing income decreases productivity. We sought to make sense when you think about it like Basically, what they want to do is eliminate corporate income tax, eliminate capital gains tax, eliminate estate and give taxes and institute anywhere between fifteen and thirty percent. National sales tax also eliminate social security tax The employer part, I envy you part in abolished iris, animal say I want to repeal the sixteenth amendment here pretty much. And under I don't have. It was Alan Keys if it was his plan, specifically generally with a national sales tax, they would exempt our consumption up to the poverty line. So

at the end of the year. If your total expenditures were less than the poverty line, Then you would get all that money refunded to you that you pay the national sales tax. That's a big deal because the national sales tax any is consumption, tax, yeah and consumption taxes, by nature, regressive, meaning that the burden is what is heavier on the poor the burden is heavier on the poor with that consumption taxes, because the poor spin or of their money on necessities year. There would be taxed here. These are retail items right. So, therefore, more of the poorest income is tax and somebody who's wealthy

If the poor is like it, if you have a lower income person spending eighty percent of their money, I'm necessities food. What whatever? That means, eighty percent, they pay an eighty percent taxes or they pay taxes and eighty percent of their income. Whereas if your wealthy new spending twenty percent of your income on these necessities, you're only spending, we are only being taxed on twenty percent of your income right, so that makes it a regressive tax, which is the big. The big criticism of the sales tax, initial sale sex there and Hollywood providing funding to the funding of once again the my big bloated governmental, and they say that some people, the advocate for it, said well, if we tweet to where I was only retail and it was also stocks in bonds included. The net might change the arguments on, but there is definitely argument to be made that the current system punishes people who save money like that. Don't spend

because you get taxed on your money and then let's say you wanna, take that money and put it in your bank. You get tax on that again on the interest you weren't, so it's that, like you're getting tax twice so there's the government has set up a lot of incentive. To go out and earnest much in save as much as you can yeah. You know Papa banks on exactly encouraging savings right now, with the terrible interest rates are offering yeah. Mr? What about corporate taxes? You know much about this. I know that the income tax national income tax would get rid of corporate income tax as well as the individual right. So with corporate income taxes as it stands. Now? U s a flag is a flat rate of thirty five percent, but very famously a lot of companies have

accounting departments that are really good at getting around paying taxes, companies do not fear so g in two thousand ten made fourteen billion dollars. Smaller me almost five and a half billion as well let me come by almost five and a half billion remained the: U S ear. They paid zero dollars and taxes in the. U S when in fact apply for a three point: two billion dollar text: credit, ok Apple, paid, zero taxes to any government between two dozen ninety thousand twelve, despite making thirty billion dollars yet, but there I funds are so cute right and then come into doesnt. Ten so Warren Buffett very famously pointed out that he paid six point: nine million dollars and personal income taxes yeah, but her were his assets. Corporate it in Berkshire Hathaway. He would have paid one point: six billion dollars extra billion dollars in income taxes to point this out to say, like the corporate tax system, is broken

you don't like anybody can get around it, so we need to fix. This is well Knighton, do away with it in the close, the loopholes that are allowing this year. But then that brings up the big argument. Well, it's gonna keep America from being competitive because we're gonna pay higher taxes, gonna drive jobs overseas and companies are going to shut down here in the. U S, apparently, that's not ever been proven that that's all this kind of hot air yeah they gave some people contain that high tax rates on the rich don't hurt the economy and don't disincentive eyes people to work hard. Like you said, in the cities and Sixtys, it was. Ninety percent and the economy in the stock market were booming back then, and on arguing for any of it.

It's all just broken in, and I dont know if there is a solution, because corporations and wealthy are the very people that have the ability to find the loopholes there that Enable gotta H in our black and learned or other taxes in Bam. Here said like that's, that's you don't have an accounting department. You- and I know you know we hopefully get- is made it actions is want. Lemme get slept with the alternative minimum tax money. I get added right back in the US was bank account, I'm not talking about that. You have a banking, the Cayman Islands changes, but yet that's me just the unfairness of it is is reason enough to change that. Tax structure, the tax code. Well, that's why flat tax that naturally makes a little sense, because this is just everyone pays the same, but people We still find their way around that. Well,

people still find their way around. It seems like somehow in the way that you find your writing a way round. Is it's just again to its through loopholes through and whether it's a personal deduction or if you hold your money overseas, you dont attacks on it. If you do away with loopholes in instituted a flat tax, a seventy percent, then for corporations as well. Then I would I mean if it could, if they could fund the government, if you didn't have to cut social services and all other stuff, and I am all for I If you find it interesting story from my but fourteen years ago, where some businesses decided to stop paying tax, yeah, we'll talk about it right now, right now, right. If this message. Eight and enough. You knew this about me, but I'm an office guy. I didn't know that about. You know why, because I know you're a smart, sensible human being. Yeah man. I love it of always gonna office depot. There's something about the store that just makes me feel

because another gonna have what I need. I think it's breathing in all the Antonius, so our nose, I love it. They are ready to help your business with knowledgeable associates and over thirteen hundred stores or online at office depot dot, com, yep, and they have a whole wide range of services for you, they can provide twenty four seven tech support print marketing materials, even help design your office with a variety of furniture solutions, and whether you have a big business, a small business does matter off his deeper loves. You no matter what they want to help at right. They have exactly the supplies at your office needs from ink and paper to cleaning and break room supplies. Elevate, go check it out. You know my deal is highlighted. Oh yeah, I'm addicted. I love highlights you, which color yellow get pendulum yeah we'll go, find shucks high and maybe even chuck at your local office, deep others thirteen hundred home across the country. You can't miss it.

so you found the story which I thought was pretty interesting, where some small businesses in the early two thousands thought they had found a loophole that basically said that they are not subject to pay taxes. The small business owner right that not only personal income right, but the business, no, both ok. So basically, this thing called the Sixty one argument is that the rumour that, in that legal, you don't really have to pay income tax? Yes, ok, that's not! True, though, Well, it was a for interpretation. I think these people suit the government and continued to pay tax this movement, what I had a lot more teeth bright, but instead a lot of people just a lot of tax resistors. Just out of protests, stop pay. Taxes. There is a trend in the late nineties end up the two thousand two dozen three or four, where people were very loudly in public The press coverage is saying: I'm a business owner and

paying income taxes any longer and I'm not gonna withhold my employs taxes on behalf of the federal government. I don't have to yeah that's a service that business provide the federal government is not a mandate and I think it's illegal at their paying taxes. So we're not doing and we're not filing taxes either as a business. He had eight the head back up from a former iris, employ right that said you're right, they can't come after. You yet so, apparently in the code there's some there's a part called eight sixty one where it says that taxes are read it by non american business activities. Right so the eight sixty one position is that if you work for an american company and your an American like income you make its domestic, which is anything you or I do or anything most people. There is not subject to taxation and these people try to they tested it, but they didn't really testing the court

right and most of them got dragged the jail in, have just Now the prisoners are still serving prison terms. But a lot of them are being forced to pay back taxes, which is weird Well, apparently, the IRS is woeful. Under funded in terms of how much they can pursue these people right. That's why you could be a texture get away with it right and if your number isn't called, but you know you take that risk that They were they. Apparently these people misinterpreted the irises inability to prosecute them here with the irises arm. Ability to illegal ability ass if to go after him. The way there they took. It is iris capitulating to their argument and instead, really it was like we were, can a busy right now right bubble.

I'm getting two thousand five lotion him again and they didn't. You certainly are so a lot of people went to jail and eight sixty one is kind of dead in Westley Snipes famously invoked argument. I did it interesting wondered. Willie did so in others a big push now that you know that and I fell national for biogas tax exempt some as the and others a lot at stake. It being inasmuch as I think, a lot of people knew this until sort of recently in a portion of the internet gets on social media and people like what is there not a nonprofit, so I'm just such a gesture helps and things clearly better than the other petitions going around to remove the NFL from attacks licence. Why would they be tax exempt? It's complicated so stupid. It's like you, Joe public, your pay in the alternative minimum tax, but this enormous economic engine over here is is exempt. Why not? Yet

not the individual teams and owners like Arthur Blanket, the Falcons in the Falcons organization has to pay tax of its heartening, but the inner fell as it does. The larger body does not get it, but I'm gonna bust They should probably pay taxes, so we could see here all day, alternately giving facts and railing on the income tax. By think we we got it yeah. I'm sure will hear from all sides on this one you bring it up. Look forward to it. If you want to learn more about the income tax, you can type income tax into the search bar has two words that com and since I said, Sir Marhaus Oversight colonies, temporary listener mail call this. We may say the life he goes. Mademoiselle Freeland demographic, zine student, Green Valley, State University, Go Lakers. Is concussion, he went to sit down his bed one night in a storm and smack the back of my head. My roommates buck heard a bit, but I went to class and forgot all about it.

About five hours later and drawing class. I begin to get all the symptoms are usually got a migraine next day had a bit of a headache and then the next day as well- so that Wednesday, I started suspect that concussion plan to go the hospital the next day, but that night I put on the pot gas and listen to the one on concussion. And he said, is alarming enough to where I went to the ear immediately. Then wait till the next day and at the hour you are the doktor told me had an interim or brain cancer, and I- Those are the predefined relieved to find out who was only an aneurysm. I talked to the doctors It's only a man was better than brain cancer. I guess I talked to the doctors. They said. I should be fine to finish my time at school, which made it possible for meeting further treatment at home when in the surgery they stuff, my aneurysm with platinum, coils gets what they do.

And the doktor said if I had not come in, I might not have lived a whole lot longer. The inner is a majority grown from the first hospital visit to the second, the guys I want to say thank you for letting you know you make this market and because of the concussion when it sadness get the cabin in me. I might not be here today that is pretty arson and hey if this is at an ear, give a shot out to dinner. City, football club, Minor League soccer team, most passionate vans and the nation no joke. So go Detroit City, football club nurse concern that says: ACT Freeland thank Sack of your recouping while services of a while ago, yeah sorry took so long to get up here. Take care that thank you for listening to us in save your life if we saved your life, you know me in tat always want to hear about those you can treat to us it s my escape. I guess you can join us on Facebook that complex that we should now and you can send an email to stop podcast at this

reader camp and has always join us at our home on the web stuff. You should know that for more on this and thousands of other topics herself workshop com. Please stop you should know listeners. One or two years resolution. That's easy to keep resolved to help protect your identity with lifelong identity, tat production, lifelong alert, you to pretend threats to your identity, and if you have a problem, a: U S, based restoration specialists but work to fix it. No one can prevent all identity theft or monitor all transactions. But when you keep the resolution to help protect your identity, you'll be helping protect. What's yours get lifelong for up to twenty five percent off your first year at lifelong dotcom, slash stuff,