Friday, March 05, 2010

Withholding


(fm the BC thread "Blue Plate Special")

John O,
money isn’t really taken from people ... it’s simply withheld

Good point. Here is another proposed Constitutional Amendment to add to the list.

Amendment Regarding Taxation:

section 1. No funds shall be collected by the Congress under the authority granted by the 16th article of amendment to this Constitution in the form of a withholding tax on incomes but only through an assessment to be issued no more frequently than on a quarterly basis.

section 2. Congress shall have the power to collect information regarding all incomes from persons whether real, commercial or charitable.

section 3. Congress shall have the power to enforce this article by appropriate legislation.

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Don Rodrigo,
You probably know the details better than I do

Thanks for the compliment but I do not claim to know more than you do.
Just keep looking things up.

We can start a file of "Temporary Emergency Measures."

1. Withholding (WW-II) along with the relaxed program of Wage & Price
     Controls.
2. Rent Control (WW-II) in New York City and elsewhere.
3. Agriculture Price Supports (WW-I) still active under the label "Parity."

Eliminating withholding would benefit banks and help stimulate the economy.

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