by The U.S. National Archives

EEE and EET Regime: The modified discussion paper on DTC has proposed to continue with the existing EEE (Exempt-Exempt-Exempt) regime for specified investment schemes such as GPF (Government Provident Fund), PPF (Public Provident Fund), RPF (Recognized Provident Fund), Pension Scheme administered by PFRDA (Pension Fund Regulatory and Development Agency), Term Life Insurance, and Annuity Schemes. In the original draft, the ministry had proposed to adopt EET (Exempt-Exempt-Tax) regime. It is a great relief for the Senior Citizens, as they will not have to pay tax on their withdrawals from PF, or Pension.

The definition of Associated enterprises has been modified and requirement of direct or indirect shareholding has been reduced to 26% to 10%. A loan to other enterprise in book value share has been reduced to 26% from 51%. Power of appoint directors has been reduced to more than half to more than one third. Dependence of raw material has been reduced to two third from 90%. These changes will increase the number of transaction falling under transfer pricing mechanism.

But this created a loophole. Someone who had otherwise “taxable income” could attempt to get out of paying taxes by assigning that income to his/her personal property which would take it out of the category of indirect and make it a direct tax. To make a long story short, this is what led to the 16th amendment.

So Walt went back to California and put a short movie together called “The New Spirit”. The objective was to make people feel it was their “patriotic” duty to pay the income tax. It starred Donald Duck (Walt’s biggest star at the time). Along with this movie, “Inflation” and “Spirit of 43” all played instrumental roles in the tax propaganda.

One of the major concerns of the Constitutional Convention was to limit the powers of the Federal Government. Among the powers to be limited was the power of taxation. It was thought that head taxes and property taxes (slaves could be taxed as either or both) were likely to be abused, and that they bore no relation to the activities in which the Federal Government had a legitimate interest. The fourth clause of section 9 therefore specifies that, “No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or enumeration herein before directed to be taken.”

All the business has its own image and entity and the tax identification number is used to identify this entity. Simply to be said that it is used to identify employer’s tax accounts. It is also known as Employer Identification Number (EIN) or Taxpayer Identification Number (TIN). The Federal Tax Identification Number or Employer Tax Identification Number or EIN is a nine digit number and it is used to fulfill most of your business needs. It is to be mentioned that, Internal Revenue Service (IRS) assigns the federal tax ID number to identify the business.

In the late 1800’s and early 1900’s, there were a number of corporate tax cases which ruled what was and what was not “income.” In general the government can only tax via two methods – either directly or indirectly. Article 1, Section 9, of the Constitution says a direct tax is a tax that is levied directly upon a person or property, and therefore, it must be apportioned among the states based on the states population. (A primary reason we have a national census.) An indirect tax is levied upon a privilege or an action, such as a corporation, or a sales tax on certain products or business.

There are others from the IRS including Sherry Jackson, a former, highly decorated, revenue agent who wanted to answer the questions posed by the “We the People Foundation.” We the People Foundation were offering ,000 to anyone who could prove the average American was liable to pay taxes. Ms. Jackson wanted to prove them wrong and to collect the ,000; but she could not find the law, even though she worked for years with the tax code while in the IRS, it just was not there. She now works to help the THM educate the American people.

Remove the Federal Reserve and return all money functions back to the government. All Federal Reserve banks should be converted to clearing houses for management of member banks. The banks system should be prohibited from practicing fractional reserve banking and the government should return to value based currency and prohibit debt based currency.

For many in the freedom and tax honesty movement dual citizenship or the dual meaning of the term “United States” Citizen causes a bit of confusion. The term “United States” when used in the Constitution means the many states of the Union however when used in federal statutes it means under federal jurisdiction within the federal enclave or territory.

How many rights will you allow stripped from you? Watch first eps! www.youtube.com Subscribe to us! www.youtube.com The final episode of our series showcasing what would happen if other rights in the state constitution were taken away. What if you were discriminated against? GET INVOLVED MORE IMPORTANT NOW THAN EVER! FIND EVENTS IN YOUR CITY: www.dayofdecision.com EQUALITY CALIFORNIA: www.eqca.org Created by Benny & Rafi Fine www.TheFineBrothers.com Starring Lisa Schwartz as the Interviewee Rafi Fine as the Interviewer Camera by Benny Fine Sound by Jon Green Every episode we will take another part of the California Constitution and see what would happen if that right was taken away just like same sex marriages were taken away. We did not make this series with any company or for any money. We made this on our own and with the help of other great cast and crew to make a statement against the passing of Prop 8 and a message of equal rights for all. MORE INFO ABOUT PROP 8: Attorneys for same-sex couples, civil rights organizations and the state Attorney Generals office appeared before the California Supreme Court on March 5th 2009 to urge the court to strike down Proposition 8. At issue in the case is whether the initiative process can be used to take away a fundamental right only for one group of Californians based on a trait in this case sexual orientation that has no relevance to the groups ability to participate in or contribute to society. Because the case has serious …
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