A Very Broad Transaction Tax Might Have Merit
Thanks to the reckless greed of Wall Street over the past few decades, the American economy is a grossly unbalanced playing field.The only way we can level it is if we rein in reckless speculative financial trading and curb near-instantaneous high-volume trades that create instability in the stock market and our national economy. These financial practices have no intrinsic value, and exist to make a quick buck for already-wealthy speculators. If we want to give middle-class families a fair shot at a strong economy that works for all Americans, we need to put Main Street FIRST.
Nevada Corporation Exists Under IRS Name For Decades
So that’s that, which brings us to the interesting part. How long was there a Nevada corporation called – Department of Treasury – Internal Revenue Service? Over 20 years. DT-IRS was formed in 1994. As far as I can tell, it has not been wreaking havoc during that time. Early on AR Salman sued the actual IRS for using its name, which thanks to the registration he owned. He was looking for $900,000. What he got instead was a ruling that he was a “vexatious litigant”. That particular case was not Salman’s first tax protester rodeo.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.