1. False:
The Federal Reserve is owned by the government and we only owe ourselves.Truth:
The Federal Reserve is a private corporation. The word "Federal" in its name has deceived the People into believing it is a part of the government. The Federal Reserve is no more federal than Federal Express.The Federal Reserve is privately owned by one American and seven foreign bankers. It has never been audited. It pays no income tax. This private corporation pays the U.S. Bureau of Printing and Engraving only two and a half cents for every Federal Reserve Note it prints, whether it is a $1 bill or a $1000 bill! The Federal Reserve credits the Government's account, each year for hundreds of billions of dollars with nothing more than a computer entry. In return for these federal reserve notes, which cost this private corporation only $260 per 1000 bills of any denomination, and credit, created from thin air, the U.S. Government gives the private Federal Reserve U.S. Treasury Bonds, equivalent to the full amount borrowed. The interest and ultimately the principle on these bonds is repayable by the People in tax dollars at full face value plus interest! Individual Income Tax dollars are not paid to the Treasury of these United States as most Americans believe. Instead, they are paid to the private Federal Reserve in gold, "at par," through the International Monetary Fund (IMF). The IMF is an international banking corporation directly linked to the Federal Reserve.
The private, internationally linked, Federal Reserve currently owns trillions of dollars in U.S. Bonds as collateral against the National Debt. This debt is compounding at over a billion and a half dollars per day. If Congress does not take control of our economy away from these foreign bankers, the U.S. will be 100% bankrupt within 5 years and the assets of the United States will belong to those, primarily foreign bankers holding the Bonds. Interest on the debt is already eating away the defense and social security budgets. The privately owned federal reserve has the power to devastate America's economy and its People, by merely restricting the amount of money and credit in circulation, by changing the interest rate or by manipulating the stock and commodities market. As Baron de Rothchild once said, "Permit me to control the currency of a nation and I care not who makes its laws!"
2. False:
Individual tax dollars are paid to the Treasury of the United States of America.Truth:
The Department of the Treasury, which is on the Internal Revenue Service Letterhead is NOT the same as the "Treasury of the United States of America." The Secretary of the "Department of the Treasury" is the Governor of the International Monetary Fund.3. False:
Individual Income Tax dollar pay for a better America. Truth: According to President Ronald Reagan, in a report to the Grace Commission in 1984, "100% of what is collected (in the form of Individual Income Taxes) is absorbed In other words, all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government. "4. False:
It is mandatory for every America Citizen to file a 1040 Form.Truth:
The 1040 Form is a form for Federal Employees. Individuals born in U.S. Territories, other than the 50 states must file a 2555 Form and pay the graduated income tax. There are other mandatory income tax filing requirements for those involved in the regulated industries of Alcohol, Tobacco, Firearms or Wagering. These individuals would fill out forms other than a 1040. A corporate officer, under a duty to withhold, is liable for filing a quarterly 941 Form for the purpose of turning over to the government any income that the Corporation withheld. However, Americans working in any of the 50 states, exercising an occupation of common right, cannot be compelled to file a 1040 Form. Filing this form must be and is voluntar,r.5. False:
Income is anything of monetary value that is paid to you.Truth:
The definition of "income" for Income tax purposes is, "gains and profits from corporate activities." end quote.You people need to start reading the Constitution correctly! Also the I.R.S. Code uses 'word of art' in their language The Supreme Court decisions against the IRS are incontestable proof!