| 1. Invent A "Credit" GiveAway, Worth $8000 | | | | Total of Taxes Already Paid or Due on Most Forms |
| 2. Proof of Zero Tax Cuts Shown on IRS Form 1040 | | | | of Income |
| 3. Prove To Yourself The Massive Redistribution | | | | Lines 7-22: Represent income on which taxes are due; |
| Amounts, Using A Tax Calculator | | | | wages, interest, capital gains, etc. Payments from |
| For those with a solid understanding of redistribution, | | | | these sources of income, are actual payments to the |
| you might prefer to move directly to Proof Shown on | | | | treasury. Line 22 summarizes these and shows them |
| IRS Form 1040. | | | | as TOTAL INCOME, |
| The Treachery of Redistribution | | | | Category (ADJUSTED GROSS INCOME) |
| HEADLINE:"Poll Reveals Most Americans Don't Know | | | | Summarizes Specific Deductions Allowed, Against Tax |
| They Got a Tax Cut." A February 5-10 New York | | | | Payments |
| Times/CBS News poll found that only 12 percent of | | | | Lines 23-36: Specified deductions may be subtracted |
| respondents "think the Obama Administration has... | | | | "Off the Top" whether or not, taxpayer later elects to |
| decreased taxes for most Americans." | | | | itemize personal deductions or take the standard |
| Those doubtful Americans are indeed correct. | | | | deduction. These adjustments-payments-represent |
| In the case of the so-called Stimulus Package, the | | | | valid CREDITS to "Net Taxpayers." |
| president's own page, RECOVERY.GOV, claims $288 | | | | All taxpayers are eligible, for these adjustments. |
| billion in "tax benefits." | | | | However, a limited number, each year, face job related |
| Plenty of GOODIES, were indeed handed out, in that | | | | moving expenses or contribute to Individual Retirement |
| questionable piece of legislation. | | | | Accounts (IRA's) etc. Those who do, subtract these |
| The goodies received, however, come from INCOME | | | | adjustments to arrive at Adjusted Gross Income |
| REDISTRIBUTION and DEBT CREATION. | | | | (AGI)-line 37. |
| Other goodies were thrown in to increase refunds | | | | Since adjustments apply to relatively few taxpayers, |
| such as increased "allowances" for dependents, and a | | | | TOTAL INCOME line 22 and ADJUSTED GROSS |
| tiny amount from an increased deduction for new car | | | | INCOME, line 37 are the same for a majority of |
| purchases, for a few. | | | | taxpayers. The Adjusted Gross Income final amount |
| None are from tax reductions, or using the exact | | | | on line 37 is repeated on line 38 |
| language of the Times/CBS poll, from-"decreased | | | | (Category) TAX and CREDITS |
| taxes." | | | | Deduct personal deductions and exemptions |
| The type of subterfuge, used to pass the Stimulus, is | | | | Elect To either itemize or take the Standard Deduction. |
| becoming increasingly dangerous, as politicians even | | | | Take personal exemptions. |
| presidents of the United States engage in verbal Jiu | | | | Every taxpayer is eligible and receives these |
| Jitsu, using the two aforementioned forms of | | | | deductions automatically, on a properly filed return. |
| deception-INCOME REDISTRIBUTION and DEBT | | | | TAX RATES: The True Test |
| CREATION. | | | | Line 43 is where taxpayer arrives at TAXABLE |
| Is a Tax Credit, a Credit Against a Tax Payment? | | | | INCOME, |
| No, in most cases! It was-precisely that-before the | | | | This is the point at which, and the only point, where a |
| 1970's. Today, most credits have simply become tools | | | | true tax cut takes place, for "net taxpayers." A true |
| for REDISTRIBUTION. | | | | tax cut-cuts rates. It has done so for each of the four |
| Some true credits still exist such as "adjustments" to | | | | tax cuts in U.S. history. |
| ADJUSTED GROSS INCOME. | | | | Since 2003 and through 2010, rates have been as |
| Soaring Redistribution Amounts, Transferred To | | | | follows-10%, 15%, 25% 28%, 33%, 35%. None of these |
| Non-Taxpayers | | | | were touched, in the Stimulus. In fact, if congress does |
| How does this redistribution happen? The beautifully | | | | not prevent the 2003 tax cuts from expiring, on |
| titled First Time Home Buyer's Credit, gives $8,000, to | | | | January 1, 2011, each is scheduled to increase. |
| individuals, including, in some cases, those who have | | | | Looking at JFK'S Tax Cuts |
| paid no taxes to begin with and who very possibly, are | | | | JFK'S cuts for the top bracket, were almost 5 times |
| already getting $8000 plus, of the earnings of others, | | | | greater than those of George Bush. |
| through other so-called CREDITS. | | | | JFK cut the top rate, 21%. G W Bush cut that rate, |
| June 2010-Inspector General Report: Prisoners Get $9 | | | | 4.6%. |
| Million Via Home Buyer's Credit | | | | So even though JFK'S cuts resulted in a difference of |
| ..."Nearly 1,300 prison inmates wrongly received more | | | | tens of millions more, than the Bush cuts, for the richest |
| than $9 million in tax credits for home buyers despite | | | | taxpayers (in today's dollars), the poor likewise made |
| being locked up when they claimed they bought a | | | | exceptional gains. Certainly every taxpayer did. |
| home, a government investigator reported | | | | JFK'S appeal to the public and congress leading up to |
| Wednesday"... | | | | those tax cuts, constantly had statements like the |
| ..."The investigator said 241 of the inmates were | | | | following: |
| serving life sentences | | | | "and this administration pledged itself last summer to an |
| In all, more than 14,100 taxpayers wrongly received at | | | | across the board top to bottom cut in personal and |
| least $26.7 million in tax credits"... | | | | corporate income taxes, to be enacted in 1963..." |
| Aren't you happy to see your daily labor going there? | | | | Notice, no class warfare, no CREDIT gimmicks, no |
| But wait, there's more. | | | | deception, just honest to goodness tax cuts. |
| The "oh so compassionate sounding" Make Work Pay | | | | Today, consumer laws have "truth in advertising" etc. |
| Credit, gives single people making less than $3000, a | | | | Wouldn't it be nice if we had "truth in tax cuts." |
| new and additional gift of $400, on top of the gift | | | | -OPTIONAL- |
| already received from the diligent sounding "Earned | | | | If you would like to prove to yourself, the possibilities in |
| Income Tax Credit" for those over 25, who just | | | | INCOME REDISTRIBUTION, |
| happen to vote, much more frequently, than those | | | | Go to the H & R Block tax calculator and fill in the |
| under 25. | | | | following: |
| Those under 25, with the same amount of income?- | | | | Married filing jointly |
| fuhgetaboutit! | | | | Age 26 or higher, for you and spouse, when she |
| Married Couples get $800 from the Make Work Pay | | | | comes up |
| Credit, they can get up to $5667, from the Earned | | | | Income $28,000 For you. Zero for spouse, |
| Income Tax Credit, $8000 from the Home Buyers | | | | Verify zero (0) taxes paid for yourself along with zero |
| Credit, plus others. | | | | taxes paid for spouse, where necessary |
| So a lucky recipient, who paid zero income taxes, can | | | | As you bring up new screens, check to make sure |
| conceivably wind up with $16,000 plus, of the earnings | | | | that none of the information, reverts back to anything |
| of others, possibly yours-this is redistribution. | | | | different that what you've filled in. |
| Some very generous politician, pulls a lever, casts a | | | | Dependents-Select 3 from drop down menu, click to |
| vote, and presto. Like the 70's rock hit proclaimed-It's | | | | expand for each dependent. List age of 11 years or |
| Magic!! | | | | younger, for each dependent. Check lived with you, for |
| Incidentally, practically every state pays all welfare | | | | each of the 3. |
| payments, cash and benefits, on top of these credit | | | | Look for "other credits" |
| goodies. | | | | Scroll down to first time home buyer. Check "Home |
| DEBT CREATION: When the government creates a | | | | Purchased Before 11-7-09"-Fill in $80,000 or higher, in |
| new benefit, by printing money, (unmatched by | | | | the adjacent space. |
| accompanying-PRIVATE SECTOR-wealth creation) | | | | You should see a refund coming of $16, 065 to a |
| and not a single person in the United States has | | | | taxpayer who has paid zero taxes, as noted above. |
| actually cut the tax payment he made, this creates | | | | If interested in seeing a breakdown of the credits, click |
| additional deficits. | | | | on "Detailed Results." |
| President Obama has created soaring and unimagined | | | | One final note: |
| deficits, thus piling trillions onto total debt, while still | | | | Combined federal and state welfare payments, paid |
| blaming President Bush for every ill, including the debt | | | | out an average of $16, 800 per person in 2008. |
| he alone has created. | | | | President Obama has increased these payments by |
| THE PROOF: IRS Form 1040-Summarized in | | | | 14% in each of 2009, 2010 and for the forthcoming |
| Categories | | | | 2011 budget. |
| Category (INCOME) | | | | |