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Originally posted by nwosigns
Originally posted by antar
So does this mean they dont have to pay out all the tax returns to millions of Americans? People count on their returns and that could cause civil unrest if it happens.
Hmmm.... now that would make sense. Seeing as how so much money has been spent, it could mean that there is no real money to pay out.
If this is real, then prepare for things to get crazy.
Originally posted by sliceNodice
reply to post by TheAgentNineteen
The reason they don't enact any legislation to make income tax legal is because if they did that, then it would be apparent that there never was an income tax law and the people would yell "off with their heads". The main argument right now from the IRS, is that there is an income tax law (of course nobody really seems to care and investigate their claims, or they just believe the IRS because they are too lazy to look it up).... the IRS has yet to show us any law though.
[edit on 23-3-2009 by sliceNodice]
The difference this time is way are beyond bankrupt and last time it only involved Japan. This time it's a global bankruptcy.