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Originally posted by computerwiz32
Nice replys, I am currently a college student started my 3rd year. I am majoring in accounting and finance. I asked my professors the same questions raised here if we are supposed to be paying our income tax. all of them said yes and told me that the federal reserve bank is a government entity not a private company or private bank.
Originally posted by thov420
Amendment 16 to the US Constitution:
"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."
As much as I hate taxes, the US Congress has the right to levy an income tax. It's most governments' primary source of income.
Uh, Section 1 of Title 26 of the United States Code:
Originally posted by AmaterasuAgreed. But the income tax laws have never been ratified in Congress. So... Thus far, they have not levied any income tax. It IS voluntary, technically, though it is forced in practice.
There is hereby imposed on the taxable income of every individual...a tax determined in accordance with the following table...