On the rich dad radio program Robert Kiyosaki and Tom Wheelright explain why who pays the most taxes and why.
Here are some of the highlights of the talk between Robert and Tom. Not everything written in this article is from the podcast. I too am a independent thinker, therefore, I added a few things. I do hope you begin to see the bigger picture.
Biden introduced Janet Louise Yellen is an American economist who was the 15th chair of the Federal Reserve from 2014 to 2018, the first woman to hold the role. She was vice-chair from 2010 to 2014. President-elect Joe Biden has announced that he will nominate Yellen to serve in his Cabinet as United States secretary of the treasury.
Most people don’t understand what this means. She was the head of the Federal Reserve bank and now Biden has appointed her as head of the United States secretary of the treasury. These two entities should always be separated. This is a major conflict of interest.
The government is after you to pay taxes plain and simple.
Somebody has to pay the tax.
If you follow what the Government wants you to do you will never have to pay taxes. The game may change but the rules always remain the same.
The democrats have this magic money theory or modern monetary theory where they think if you print the money – everything will be fine but that is far from the truth.
In 1971, President Elect Nixon took the dollar off the gold standard. This is when the U.S. dollar became a function of debt and taxes. This is also means that our printed paper money is not worth the paper its printed on. Before we use to have enough gold to back up the value of the dollar bill but when other countries who we owed money too started demanding the gold that was used as collateral from the Federal Reserve building vault- Nixon decided to take the dollar the gold standard. Why you may ask because it is all one big Ponzi scheme. The U.S. Government didn’t have the gold to repay these countries.
If you are paying taxes it simply means you went to the wrong school.
How much you pay in taxes depends mainly on your social status.
Tax laws are built on government sharing on the investments that people make.
Biden states he will tax the rich but what he really means is he is going to tax the higher end earners not the rich elite. Not the ones who are making millions and billions because they know how to play the game with the U.S. government and they completely understand the tax laws, what is needed to avoid paying taxes.
Biden was a senator for over 40 years and he was apart of all these taxes changes.
There is three types of income-ordinary income, portfolio income and passive income.
What is the differece?
Ordinary income is income that your earn.
Portfolio income is income from stocks, bonds and mutual funds.
Passive income is income from investments like real estate, oil and gas and other types of productive type activity.
Passive always pays the least in taxes because you are following the governments rules in the tax game.
It’s been instilled in us that if you go to school, work hard, save your money and invest in a 401k – you are a hard working true blooded American but this is considered ordinary income and this is taxed the highest.
No, if you go to school, work hard, save your money and invest in a 401k it simply means that you are paying the most in taxes.
On the Tucker Carson Show December 7th-2020.
China realized in 2008 that wall street was in trouble then in 2016 President Trump won the election. He wasn’t suppose to win the election you see there were all these people making money and getting very wealthy off of China. They have people in high places in Washington who will stop at nothing to rid America of Trump where they can continue to make money.
Financial education should be a subject taught in every school across America but not everyone can be in their club because if everyone is doing the same thing?
Who will pay the taxes? Someone has to pay the taxes.
People in power are pushing for the minimum wage to be $15.00 but what you must understand is if the wage goes up so does the price of everything else goes up along with it and you are still paying taxes but more taxes. Theoretically sure you are making more money on paper but you are still being screwed with paying more on everything else along with being placed in a higher tax bracket. What this means is you will have LESS money than before.
BUT someone has to pay the taxes.
We have a centralized government, a centralized bank ( The federal reserve) and a treasury but under Biden all these three are one unit!
American is now a centralized government!
This green new deal is after the coal and oil. Stop bitching at the capitalist for not paying taxes. You see, they just learned how to play the governments game.
The reality is employees have little control over their money when it comes to taxes. They are at the full discretion of the law, which gives them very little wiggle room. On the other hand, the rich are excited about the tax cuts. Not because they might make more or less in after-tax income (though the smart ones always will make more), but because they have new incentives built into the law to discover and take advantage of.
The average person need to really learn our history. We fought in wars because of our money and our taxes.
Understanding the tax laws and financial education you would make higher returns and lower risk along with paying no taxes.
Passing down a legacy of understanding the tax laws and financial education should be essential.
Trump has been attacked for upsetting the establishment and Biden is bringing in the establishment to run the country. This is why Hillary Clinton was suppose to win the last election and why people in high places made sure BIDEN was to win this election. They had to put a stop of TRUMP messing with their money.
This should be on the front page of every newspaper.
A very interesting column written by Charley Reese.
Charley Reese’s final column for the Orlando Sentinel. He has been a journalist for 49 years. He is retiring and this is HIS LAST COLUMN. Be sure to read the Tax List at the end. This is about as clear and easy to understand as it can be. The article below is completely neutral, neither anti-republican or democrat. Charlie Reese, a retired reporter for the Orlando Sentinel, has hit the nail directly on the head, defining clearly who it is that in the final analysis must assume responsibility for the judgments made that impact each one of us every day. It’s a short but good read. Worth the time. Worth remembering!
545 vs. 300,000,000 People-By Charlie Reese
Politicians are the only people in the world who create problems and then campaign against them.Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits?Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes?You and I don’t propose a federal budget. The President does.You and I don’t have the Constitutional authority to vote on appropriations. The House of Representatives does.You and I don’t write the tax code, Congress does.You and I don’t set fiscal policy, Congress does.You and I don’t control monetary policy, the Federal Reserve Bank does.One hundred senators, 435 congressmen, one President, and nine Supreme Court justices equates to 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country.I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a President to do one cotton-picking thing. I don’t care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator’s responsibility to determine how he votes.Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits..
( The President can only propose a budget. He cannot force the Congress to accept it.)
The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House?( John Boehner. He is the leader of the majority party. He and fellow House members, not the President, can approve any budget they want. ) If the President vetoes it, they can pass it over his veto if they agree to. [The House has passed a budget but the Senate has not approved a budget in over three years. The President’s proposed budgets have gotten almost unanimous rejections in the Senate in that time. ]It seems inconceivable to me that a nation of 300 million cannot replace 545 people who stand convicted — by present facts — of incompetence and irresponsibility. I can’t think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.If the tax code is unfair, it’s because they want it unfair.If the budget is in the red, it’s because they want it in the red.If the Army & Marines are in Iraq and Afghanistan it’s because they want them in Iraq and Afghanistan ..If they do not receive social security but are on an elite retirement plan not available to the people, it’s because they want it that way.There are no insoluble government problems.Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power.Above all, do not let them con you into the belief that there exists disembodied mystical forces like “the economy,” “inflation,” or “politics” that prevent them from doing what they take an oath to do.Those 545 people, and they alone, are responsible. They, and they alone, have the power.They, and they alone, should be held accountable by the people who are their bosses. Provided the voters have the gumption to manage their own employees… We should vote all of them out of office and clean up their mess!Charlie Reese is a former columnist of the Orlando Sentinel Newspaper.What you do with this article now that you have read it… is up to you.This might be funny if it weren’t so true.Be sure to read all the way to the end:Tax his land,Tax his bed,Tax the table,At which he’s fed.Tax his tractor,Tax his mule,Teach him taxesAre the rule.Tax his work,Tax his pay,He works forpeanuts anyway!Tax his cow,Tax his goat,Tax his pants,Tax his coat.Tax his ties,Tax his shirt,Tax his work,Tax his dirt.Tax his tobacco,Tax his drink,Tax him if heTries to think.Tax his cigars,Tax his beers,If he criesTax his tears.Tax his car,Tax his gas,Find other waysTo tax his ass.Tax all he hasThen let him knowThat you won’t be doneTill he has no dough.When he screams and hollers;Then tax him some more,Tax him tillHe’s good and sore.Then tax his coffin,Tax his grave,Tax the sod inWhich he’s laid…Put these wordsUpon his tomb,’Taxes drove meto my doom…’When he’s gone,Do not relax,Its time to applyThe inheritance tax.Accounts Receivable TaxBuilding Permit TaxCDL license TaxCigarette TaxCorporate Income TaxDog License TaxExcise TaxesFederal Income TaxFederal Unemployment Tax (FUTA)Fishing License TaxFood License TaxFuel Permit TaxGasoline Tax (currently 44.75 cents per gallon)Gross Receipts TaxHunting License TaxInheritance TaxInventory TaxIRS Interest Charges IRS Penalties (tax on top of tax)Liquor TaxLuxury TaxesMarriage License TaxMedicare TaxPersonal Property TaxProperty TaxReal Estate TaxService Charge TaxSocial Security TaxRoad Usage TaxRecreational Vehicle TaxSales TaxSchool TaxState Income TaxState Unemployment Tax (SUTA)Telephone Federal Excise TaxTelephone Federal Universal Service Fee TaxTelephone Federal, State and Local Surcharge TaxesTelephone Minimum Usage Surcharge TaxTelephone Recurring and Nonrecurring Charges TaxTelephone State and Local TaxTelephone Usage Charge TaxUtility TaxesVehicle License Registration TaxVehicle Sales TaxWatercraft Registration TaxWell Permit TaxWorkers Compensation TaxSTILL THINK THIS IS FUNNY?Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids.
What in the heck happened?
Can you spell ‘politicians?
People are happy being asleep. Being “woke” is not enjoyable because you see what is really going on. I don’t blame people for staying ignorant. It’s just that eventually it will kill us.
Audrey Childers is a published author, blogger, freelance journalist and an entrepreneur with over a decade of experience in research and editorial writing. She is also the creator and founder of the website the hypothyroidismchick.com. Where you can find great tips on everyday living with hypothyroidism. She enjoys raising her children and being a voice for optimal human health and wellness. She is the published author of : A survivors cookbook guide to kicking hypothyroidism booty, Reset your Thyroid, The Ultimate guide to healing hypothyroidism and A survivors cookbook guide to kicking hypothyroidism booty: the slow cooker way. You can find all these books on Amazon. This blog may be re-posted freely with proper attribution, author bio, and this copyright statement.
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