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America: Freedom to Fascism - Federal Reserve and Taxes

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posted on Oct, 27 2006 @ 12:35 PM
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Hi Spoon:


Spoon >> This is the mother of all conspiracies, yet it is hardly ever discussed despite the mountains of evidence confirming that this is very real and the incredibly serious implications of this problem!


Your Opening Post does a sufficient job of conveying the truth that Rothschild, Warburg and the elitist Central Bankers of the World are indeed working behind the scenes to transform the USA into a third world power; as a predecessor to bringing in their New World Order. ATS members can educate themselves by reading former Congressman Gary Allen’s book “None Dare Call It Conspiracy.” reactor-core.org...

We agree that 9/11 was an inside job, but to say the “Central Banks” are the beneficiaries is an oversimplification of the facts. The FED (a private central bank) is just one tool of Rothschild and his cronies used to bankrupt America, so the same bankers can lend us back our own money against the out of control national debt. Our trade deficit, broken borders, corrupt political parties and judges are all component parts of a country on the fast track to moral and financial collapse right before our very eyes. However, the idea that America is going to somehow “Wake Up!” is far beyond the realm of probability, because they represent the most gullible group of people BY FAR living on the earth.

How does the average American walking the street compete with the massive disinformation campaigns waged by the Council On Foreign Relations, the Trilateral Commission and the Propaganda “Mind Molding” Machine of our Media who all work in unison for Rothschild and his Bilderberg ( www.modernhistoryproject.org... ) cronies? No sir. It is time for you to wake up and realize that the typical American is sitting in the pot of warm water waiting for it to come to a boil without saying a single word! DoD and Bush Administration Agency operatives (used by the Shadow Government) are working diligently right here on the ATS Board to keep playing the violin of disinformation to ensure nobody wakes up. The DoD says that Flight 77 hit the Pentagon, when the truth is that no 100 Ton Jetliner is ever seen near the West Wedge wall on 9/11 or any other day ( www.abovetopsecret.com... ). Everyone talks about the Twin Towers, but what caused the 47 story WTC 7 to fall??

WTC 7 >> www.whatreallyhappened.com... ????

These buildings were OBVIOUSLY taken down deliberately by the true terrorists working behind the scenes of our Shadow Government right now as we speak! Are Americans going to wake up in time? NEVER! It is high time you realized that Americans are being primed to live under Martial Law and a Fascist Police State that will be brought in by yet another Missile Attack HOAX on the North East quadrant of Oakland (predicted by my model) - but this time they will be using NUKES! Our Military (and world NATO forces) have been practicing the integration of military/police tactics in Iraq and around the world in anticipation of bringing all of that training back home to roost right here in America where ‘we’ shall become their insurgents and terrorists dragged before military tribunals and sentenced to death without any Judicial oversight whatsoever.

Your pleading for others to wake up will simply fall on deaf ears, until it is much too late . . . Why? Because, Americans are not worthy to continue living as free men. They are scoffers of 'the truth,' when plainly given to them and the mock those carrying the message . . .

GL,

Terral




posted on Oct, 27 2006 @ 05:20 PM
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Oddly, this is not a new issue at all.

Check out this little gem of an older documentary on the same subject:


Edward Griffin - The Capitalist Conspiracy: An Inside view of International Banking

Written and narrated by G. Edward Griffin
(1960's) An old film, made sometime in the 60's.

This is an adaptation of a documentary filmstrip tracing the history of a small group of people who control the money systems of the world. It shows how this group is protected by governments and how its wealth is derived by creating money out of nothing. We see how this group wields power through government, foundations, education, and the mass media.

Link
(Scroll down for the complete video)

What I find most interesting is that the American Founding Fathers knew full well that Government's job was to keep Corperations at bay...



I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war. God grant that my suspicions may prove groundless.

- Abraham Lincoln
Source


"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the government at defiance. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." Thomas Jefferson

"If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered." Thomas Jefferson


Source



posted on Oct, 28 2006 @ 01:43 AM
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Wow Terral,

Well said.

Also,

A friend of mine said that this is why JFK was assasinated. I'm pretty conviced the official story behind that one is a big crock but I often wondered why he was shot. It makes sense if he was standing against what apparently is the biggest mafia on mother Earth.




[edit on 28-10-2006 by ViewFromTheStars]



posted on Oct, 28 2006 @ 02:43 AM
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mecheng,

I hope you realize that not filing, and or not paying taxes is a very serious crime and that you if you are charged there is a high likelyhood that you will get convicted.

I am encouraged by your enthusiasm, but i would recommend a more cautious optimism.

One of the people in the AFTF film, Irwinn Schiff, was recently convicted and sent to jail for a few years...

I pay my taxes, not because i think its legitimate or that i agree with how its being used by my government (carrying out terrorist attacks and unjust wars that murder more innocent people) but because my freedom is more important to me than the money that the government is trying to steal. I can do more work to fight this if i am on the outside educating people.

Many Americans are ignorant enough to buy into the Bernaysian PR brainwashing to think that 'tax protesters' are worse than hitler.

If you are fully aware of the risks and willing to go forward, then godspeed and good luck! There are millions of people that do get away with it successfully, but there are also a lot that dont. The IRS doesnt have resources to go after em all so its kinda a shot in the dark.

I would strongly recommend that you meet with an attorney that really understands the tax scam and discuss possible defense strategy before charges are filed against you.

The only defense that i would count on is this recent style. It makes use of the Paperwork Reduction Act and the problems with OMB numbers on the 1040 to fight fire with fire. Its funny, using beuracracy to fight itself!!

Seriously though, consider all risks and consequences before proceeding!



posted on Oct, 28 2006 @ 02:54 AM
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Terral,

Take a breath man. Now, i totally sympathize with your concerns but i think that you are being a little too pessimistic!

If you really believe it was hopeless, would you even bother posting here at all? Or would you be out robbing banks and living like you know that the world is coming to an end?

I think that you yourself are buying into the brainwashing. They want you to think that its hopeless. If it was really hopeless, would they bother putting so much energy into disinformation?

I have been where you are, reprogramming people is very exhausting. But the more these evil bastards fight you the harder you must keep charging! If they are trying to fight you it is a sign that your efforts are working! I think that they are getting very desperate!

Now, it is still an uphill battle, but keep on going until you drop dead.

I, myself, used to be a sheeple! If i can change so can everybory else!

There are some very encouraging signs! There are a lot of good results coming back in poll numbers showing that 84% of americans think 911 was some sort of massive coverup!

Where do you get the idea that your efforts are failing? The media? AND YOU BELIEVE IT?!?!?!

More and more people are waking up everyday thanks to the efforts of people like you and me. Videos like AFTF and many others are great tools for waking people up!

The only reason why anybody believes the official story is because they havent looked at the evidence. And those that claim to have done research and found nothing are likely govt agents, just like you said.

What's the point in giving up?

I'm telling you that it is not hopeless, not yet anyway. Even if it is, i will keep fighting till the jackboots start marching. I will die fighting. I will not give up. I will not surrender! They can pry my keyboard from my cold dead hands!!!

[edit on 28-10-2006 by sp00n1]



posted on Oct, 28 2006 @ 09:14 AM
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Originally posted by Terral
However, the idea that America is going to somehow “Wake Up!” is far beyond the realm of probability, because they represent the most gullible group of people BY FAR living on the earth.

Nope, just the last to be taken in by the scam. Every nation that has allowed banks to control their economy has gone pretty much the same way. Boom-n-Bust, Boom-n-Bust. People were doing okay before banks were invented...If you don't count the "rule by divine right" subset of the population...
Perhaps I might explain that last statement better by linking to an old post of mine, way back here. That was a thread that puts together my own theories (based on historical research) on the interaction between different types of "conspiracy masters."

I agree with BitRaiser...The Constitution not only gave Powers to the Government, but it also was written to restrict the Government & to put control on the Corps. Before the War of Independance, the settlers saw how the Crown of England was supressing them under the English Charters (what they called Corps back then) before sending Crown Military to support the Charters! So they wrote several Redresses of Grievances to England, were ignored & suppressed further...Then they wrote Declaration of Independance to declare their Freedom & won Freedom through war.

Remember the Articles of Confederation? That was their first attempt to establish a workable government before writing the Constitutiton...All of these documents expressed disdain over the Charters & how they can stifle nations will, so they needed to include ways to reign the Corps in.

I'm not suprised to learn that this isn't taught in American Schools anymore...Because the public education system sucked buffalo-chips even back when I still went through it. Okay, I admit it...I'm "over the hill", "one foot in the grave"...I'm in my forties, alright?! Youngsters, nowadays, I swear...



Originally posted by sp00n1
mecheng,
I hope you realize that not filing, and or not paying taxes is a very serious crime and that you if you are charged there is a high likelyhood that you will get convicted.

Yes, he does have to file...But only certain types of income are taxable.
Actually, it's "passive income" that can be legally taxed...Such as Dividends from stocks, appreciation of land values, Interest Income from T-Bills, CD's, profits from an owned business, etc. Basically, "passive income" that you earn without actually working for it.
However, under the "Wages, Compensations" category, you still need to record the income, but it counts as ZERO when you fill out the "Taxable Income" line.
As always, consult your lawyer about it first.


Originally posted by sp00n1
Where do you get the idea that your efforts are failing? The media? AND YOU BELIEVE IT?!?!?!

You may also find some interesting info about how We the People & Move On are fighting against the Government's attitude that they can hold themselves above reproach. No, I'm not trying to recruit for these groups...I'm pointing out that they actually have real information to be able to butt heads with the Government. This is just a mere two indications that the Citizens are already fighting & winning! You won't see this kind of info in the media because the media helps cover it up & won't show it to the general public!


Originally posted by sp00n1
I'm telling you that it is not hopeless, not yet anyway. Even if it is, i will keep fighting till the jackboots start marching. I will die fighting. I will not give up. I will not surrender! They can pry my keyboard from my cold dead hands!!!

Hmmm...You might be interested in looking at Pushing Hamburger...



posted on Oct, 29 2006 @ 06:09 PM
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Hey guys, i cant believe that i forgot to mention this in this thread.

Please, please, please read this post of mine from another thread!!!!


It's really important, thanks!!



posted on Oct, 31 2006 @ 08:07 PM
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SURVEY:

1)How many of you followed the link and watched America:Freedom to Fascism?

2)What did you think of it?

3)Would you recommend it to others?

4)What do you plan to do about it?


Thanks!!



posted on Nov, 1 2006 @ 12:24 PM
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Hi Spoon:


Spoon >> Take a breath man. Now, i totally sympathize with your concerns but i think that you are being a little too pessimistic! If you really believe it was hopeless, would you even bother posting here at all? Or would you be out robbing banks and living like you know that the world is coming to an end?


Not at all. “Desolations are determined” (Daniel 9:26), but all is well that ends well. : 0 )


Spoon >> I think that you yourself are buying into the brainwashing. They want you to think that its hopeless. If it was really hopeless, would they bother putting so much energy into disinformation?


What did you ‘quote >>’ from me and prove to be ‘disinformation?’ Nothing. Seeing things they ‘way they are’ separates a ‘realist’ from those wishing upon a star. Is the boy shouting “Wolf!” a pessimist for trying to save the village sheep? No. He just happens to be the one who saw the wolf first and ‘is’ willing to point out the coming danger. How about if we focus more on the ‘message,’ instead of the ‘messenger?’


Spoon >> I have been where you are, reprogramming people is very exhausting. But the more these evil bastards fight you the harder you must keep charging! If they are trying to fight you it is a sign that your efforts are working! I think that they are getting very desperate!


I do not know about all of that, but speaking the truth for the benefit of your fellow ATS members should be considered a good thing. : 0 )


Spoon >> Now, it is still an uphill battle, but keep on going until you drop dead.


Very good advice! Thank you very much. That is much better than your ‘brainwashed’ statement above.


Spoon >> I, myself, used to be a sheeple! If i can change so can everybory else!


Mr. Wolf eats a sheep for breakfast and two for lunch. We are better to be more like the sheepdog or the Shepard leading them from pasture to pasture . . .


Spoon >> There are some very encouraging signs! There are a lot of good results coming back in poll numbers showing that 84% of americans think 911 was some sort of massive coverup!


We agree. What many ATS members fail to realize is that Bush has been working under the auspices of a Republican controlled Congress that has FAILED to ask him the tough questions. What we need today is a Democrat controlled House and Senate (cannot believe I am saying that) in order to balance the power more evenly. The new House and Senate leadership will be more inclined to drag Bush in and ask him the tough questions. The problem (however) could be that we end up with a bunch of Rockefeller cronies wanting to give 20 million ILLEGALS Amnesty, which would only open the floodgates to another 20 million. Even so, the 9/11 Commission and everyone involved with investigating 9/11 will have plenty of answering to do; because the ‘facts’ simply do not match the evidence or the conclusions for these 9/11 cases. Our battle is to present these facts to as many people as possible, so they will elect the ‘right’ kind of representatives to represent them in Congress and eventually the Presidency. Time is on our side, because there is no statute of limitations on murder.


Spoon >> Where do you get the idea that your efforts are failing? The media? AND YOU BELIEVE IT?!?!?!


Your statements would make more sense if you “quoted >>” someone to give your words context. Everyone reading my posts has the luxury of looking above and reading your statements first in order to remove all doubt. The only reference to ‘failing’ on this page is in your post. Maybe you are referring to my statements to you above:


Terral Original >> Your pleading for others to wake up will simply fall on deaf ears, until it is much too late . . . Why? Because, Americans are not worthy to continue living as free men. They are scoffers of 'the truth,' when plainly given to them and the mock those carrying the message . . .


My observations are made after a lifetime of carefully monitoring American behavior from home and from living abroad among other peoples of other nations; many of whom do not speak English. ILLEGALS are moving about freely in this country and nobody running the place seems to care one way or the other. Many ATS members are giving their opinions on how ILLEGALS should be given Amnesty! Or haven’t you noticed? What is being done to enforce current laws forbidding Americans from hiring ILLEGALS? Nothing. The largest drain on the American People is the Federal Reserve raising interest rates and siphoning off wealth from every sector of this economy, so they can lend the same money back to us to finance the ‘out of control’ national debt. When does the American Public wake up and stop the madness? Never! Why? “Because, Americans are not worthy to continue living as free men . . .”. They are going to pander, placate and play patty cake with the enemy, until our posterity is too diseased, ‘dumbed down’ and desensitized to know the difference. Why are so many of our children obese and totally out of control? Reread the previous sentence again . . . and imagine the children they will bear us! We are living in a ‘leaderless’ society doomed to decline and perish for the ‘lack of vision,’ UNLESS things are turned around.


Spoon >> More and more people are waking up everyday thanks to the efforts of people like you and me. Videos like AFTF and many others are great tools for waking people up!


That is good news indeed. However, we cannot ignore the fact that millions of Americans are having their jobs shipped overseas and even more have been replaced by ILLEGALS running rampant from sea to shining sea. My boss is not returning my phone calls. Do you know why? I do. He is hiring a bunch of ILLEGALS to replace his high priced Americans, so he can compete with everybody else doing the same thing. Should I keep looking for a job paying my old wage, OR take the one paying seven dollars less per hour? In other words, some Americans are doing the ‘wrong kind’ of waking up! How many legitimate mason contractors he intends to put out of business; I haven’t a clue . . ., but those competing against him will have to hire ILLEGALS to compete . . .

[Continued]



posted on Nov, 1 2006 @ 12:25 PM
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Spoon >> The only reason why anybody believes the official story is because they havent looked at the evidence. And those that claim to have done research and found nothing are likely govt agents, just like you said.


The ‘mind molding’ of the Media operatives is 90 percent mere stupidity by the same Americans primed to live under Martial Law and the coming Fascist State. Nobody has to hire them or pay them anything, because they blindly follow the blind like lemmings over the cliff. The real DoD operatives working here have little need to go out on the limb and open themselves to scrutiny. They just prod the blind leading the blind in the right direction and allow the chips to fall where they may. While your post offers some encouragement, your views are NOT shared by the typical ATS member posting to this Board IMHO.


Spoon >> What's the point in giving up?


Giving up? The point of my previous post was that others will view your attempts to wake them up as the child crying “Wolf!” They will take one look and fall right back to sleep . . . While there may be a silver lining to the approaching storm, MANY will be destroyed by the flood and violent wind; before we begin seeing daylight on the other side. The most valuable component in all of this is the undying and robust American spirit and our willingness to be free or die trying. Many times we are not aware of our own capabilities, until we are confronted by the enemy face to face. One of the reasons this New World Order has yet to set it’s teeth into the American Society is they have no model to accurately determine how many boots they need on the ground to contain the American Spirit, after their original plans are set into motion. Unlike their current nemesis in Iraq, we know what it means to be free and that scares them to death.


Spoon >> I'm telling you that it is not hopeless, not yet anyway. Even if it is, i will keep fighting till the jackboots start marching. I will die fighting. I will not give up. I will not surrender! They can pry my keyboard from my cold dead hands!!!


That’s the Spirit I am talking about. : 0 )

Keep up the nice work,

GL,

Terral



posted on Nov, 1 2006 @ 10:33 PM
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Originally posted by Terral
What many ATS members fail to realize is that Bush has been working under the auspices of a Republican controlled Congress that has FAILED to ask him the tough questions. What we need today is a Democrat controlled House and Senate (cannot believe I am saying that) in order to balance the power more evenly.

IMO, the balance should getr heavy on the Constitutionalist side. Why? Because both Reps and Dems break their sworn Oath to the Constitution pretty much every day. No, it's not only the President that has to swear the Oath that binds them to the Consitution as a legal contract; All three Branches (Judicial, Legislative & Exectutive) at State and Federal levels must take the Oath.
But since Reps & Dems find it so easy to fail at "preserving, defending & upholding" the Constitution, I feel it's time to get Oath-keepers in Office for a change.
I think the main problem is that too many regular Americans don't even bother to try reading or understanding the Consitution anymore...If the Citizens don't care to read it, why should the politicos bother holding their Oaths?



Originally posted by Terral
Many ATS members are giving their opinions on how ILLEGALS should be given Amnesty! Or haven’t you noticed? What is being done to enforce current laws forbidding Americans from hiring ILLEGALS? Nothing.

How do you define "many" when you consider that ATS has thousands of registered members? But if you'd like to see an ATS "old timer's" opinion, check out this thread.



posted on Nov, 12 2006 @ 01:30 PM
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i advertise caution because there are several reasons to believe that revolution is the planned climax of this ordeal. Revolution is good if used to destroy power, it is the implement of the collectivist if used to concentrate it.



posted on Nov, 12 2006 @ 01:30 PM
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D/P

[edit on 12-11-2006 by Long Lance]



posted on Nov, 12 2006 @ 01:43 PM
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Originally posted by sp00n1
But unfortunatly the politicians at the time were very corrupt (no kidding!) and they passed the legislation allowing for this to happen.


You haven't watched the movie. Congress never passed a law requiring you to pay taxes to a privately owned bank.

Congress has the constitution power to coin it's own money, but they aren't.

Why not?

Here's why not; Congress is under the influence of unseen hands which are hostile towards the United States of America. If you're not mad after evaluating this information then you don't deserve to be free.

4:03 minute mark in the movie

"... that country must be destroyed or it will destroy every monarchy on the globe ..."

The Federal Reserve movie
www.youtube.com...


Int'l bankers attempting to destroy America - NWO - 9/11 - Federal Reserve - Smoking gun
www.abovetopsecret.com...

Freedom to fascism movie
video.google.com...

[edit on 12-11-2006 by In nothing we trust]



posted on Nov, 13 2006 @ 10:35 PM
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INWT,

I was talking about THE FEDERAL RESERVE ACT, not the tax law which does not exist...



posted on Nov, 14 2006 @ 05:56 PM
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I found that the 16th amendment states "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."

Doesn't that say that income tax is not illegal?



posted on Nov, 14 2006 @ 09:27 PM
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The Federal Reserve is no more "federal" than Federal Express. The Fed is not an arm/branch/agency/brother/or whatever the crud you wanna call it, of the U.S. Government. The Federal Reserve is a private corporation (private bank) made up of members of international bankers, appointed by none other than our fearless leader, the President.

And get this... they don't pay taxes on their income! Why not?


Originally posted by Undutchable
Doesn't that say that income tax is not illegal?

Very observant... but...


U.S. Constitution

Income Subject to Taxation

Building upon definitions formulated in cases construing the Corporation Tax Act of 1909, the Court initially described income as the “gain derived from capital, from labor, or from both combined,” inclusive of the “profit gained through a sale or conversion of capital assets”; in the following array of factual situations it subsequently applied this definition to achieve results that have been productive of extended controversy.


Read it for yourself here -> www.law.cornell.edu...

The argument in regards to your statement that I can see, is the term "gain" used with labor... I'm sorry, but I don't gain anything from my labor. It is an even trade. I give you my hours, you give me the money!


The provisions in the Constitution have not been changed/amended/nor altered to construe differently the definitions of the terms used to describe "wages", "labor", "gain", "direct", "indirect", "apportioned", "unapportioned", and "income". The terms have simply been construed to fit the wishes of those that interprit the law. And visa versa.


Read the Constitution.

There are actually court proceedings going on about the Federal Income Taxes and against the IRS... check out the updates here -> www.givemeliberty.org...



posted on Nov, 15 2006 @ 06:46 AM
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ive researched regarding this thoroughly. if you'd care to click the link to my blog regarding my findings im sure you'll be surprised. id encourage to hear any thoughts of the forums users.cheers peeps!

blog.myspace.com...



posted on Nov, 15 2006 @ 12:24 PM
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Originally posted by Infoholic
The Federal Reserve is no more "federal" than Federal Express. The Fed is not an arm/branch/agency/brother/or whatever the crud you wanna call it, of the U.S. Government. The Federal Reserve is a private corporation (private bank) made up of members of international bankers, appointed by none other than our fearless leader, the President.

And get this... they don't pay taxes on their income! Why not?


Originally posted by Undutchable
Doesn't that say that income tax is not illegal?

Very observant... but...


U.S. Constitution

Income Subject to Taxation

Building upon definitions formulated in cases construing the Corporation Tax Act of 1909, the Court initially described income as the “gain derived from capital, from labor, or from both combined,” inclusive of the “profit gained through a sale or conversion of capital assets”; in the following array of factual situations it subsequently applied this definition to achieve results that have been productive of extended controversy.


Read it for yourself here -> www.law.cornell.edu...

The argument in regards to your statement that I can see, is the term "gain" used with labor... I'm sorry, but I don't gain anything from my labor. It is an even trade. I give you my hours, you give me the money!


The provisions in the Constitution have not been changed/amended/nor altered to construe differently the definitions of the terms used to describe "wages", "labor", "gain", "direct", "indirect", "apportioned", "unapportioned", and "income". The terms have simply been construed to fit the wishes of those that interprit the law. And visa versa.


Read the Constitution.

There are actually court proceedings going on about the Federal Income Taxes and against the IRS... check out the updates here -> www.givemeliberty.org...


Doesn't the 16th amendment say "any income"?



posted on Nov, 15 2006 @ 06:47 PM
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Originally posted by UndutchableDoesn't the 16th amendment say "any income"?


If you do some more research, other than just looking at what the 16th amendment says in black and white, you'll see that the constitution still holds in the aspect that the income tax is a corporate tax. The 16th amendment did not grant congress any new powers as well... as indicated here... www.law.cornell.edu...


US Constitution
Income Subject to Taxation

Building upon definitions formulated in cases construing the Corporation Tax Act of 1909,14 the Court initially described income as the “gain derived from capital, from labor, or from both combined,” inclusive of the “profit gained through a sale or conversion of capital assets”;15 in the following array of factual situations it[p.1955]subsequently applied this definition to achieve results that have been productive of extended controversy.


Oh wait... there's more...


US Constitution
Gains: When Taxable.

When through forfeiture of a lease in 1933, a landlord became possessed of a new building erected on his land by the outgoing tenant, the resulting gain to the former was taxable to him in that year. Although “economic gain is not always taxable as income, it is settled that the realization of gain need not be in cash derived from the sale of an asset. . . . The fact that the gain is a portion of the value of the property received by the . . . [landlord] does not negative its realization. . . . [Nor is it necessary] to recognition of taxable gain that . . . [the landlord] should be able to sever the improvement begetting the gain from his original capital.” Hence, the taxpayer was incorrect in contending that the Amendment “does not permit the taxation of such [a] gain without apportionment amongst the states.36 Consistent with this holding the Court has also ruled that when an apartment house was acquired by bequest subject to an unassumed mortgage and several years thereafter was sold for a price slightly in excess of the mortgage, the basis for determining the gain from that sale was the difference between the selling price, undiminished by the amount of the mortgage, and the value of the property at the time of the acquisition, less deductions for depreciation during the years the building was held by the taxpayer. The latter’s contention that the Revenue Act, as thus applied, taxed something which was not revenue was declared to be unfounded.37

As against the argument of a donee that a gift of stock became a capital asset when received and that therefore, when disposed of, no part of that value could be treated as taxable income to said donee, the Court has declared that it was within the power of Congress to require a donee of stock, who sells it at a profit, to pay income tax on the difference between the selling price and the value when the donor acquired it.38 Moreover, “the receipt in cash or property . . . not [being] the only characteristic of realization of[p.1961]income to a taxpayer on the cash receipt basis,” it follows that one who is normally taxable only on the receipt of interest payments cannot escape taxation thereon by giving away his right to such income in advance of payment. When “the taxpayer does not receive payment of income in money or property, realization may occur when the last step is taken by which he obtains the fruition of the economic gain which has already accrued to him.” Hence an owner of bonds, reporting on the cash receipts basis, who clipped interest coupons therefrom before their due date and gave them to his son, was held to have realized taxable income in the amount of said coupons, notwithstanding that his son had collected them upon maturity later in the year.39


I would be greatful if you could show me somewhere to prove the constitution has been changed to grant additional powers to congress.

[edit on 11/15/2006 by Infoholic]



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