Last month, it was all about teaching your kids about money.
This month, it is all about saving money for kids college education. Tuition costs are on the rise, so if you have or know someone who has kids, you may want to check out this info.
Welcome to today’s edition of “You Got Punked” on Free Your Mind Online. Back in November of 07, I did an article on this website called Victory Tax. In this article, I addressed the federal income tax protest movement (namely those who claim that income tax is unconstitutional). Now briefly, according to the Constitution, in Article 1, section 9 it states that, “No capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or Enumeration herein before directed to be taken.”
So based on this, the government has NO right to tax anything directly, unless the tax is split up evenly amongst everyone. The only type of tax that is constitutional is an indirect tax (gas tax, tobacco tax or sales taxes). Then of course came the 16th amendment. The 16th amendment is what everyone (including the IRS) CLAIMS make all U.S. citizens liable to pay federal income tax. But the U.S. Supreme Court ruled on SEVERAL occasions that the 16th amendment conferred NO NEW power of taxation and that the amendment simply closed a previous loophole.
So why do we pay tax? Well… because the government has a system set up in which causes citizens to voluntarily fill out tax forms (like a W-4) that make them “government workers” and therefore liable to pay federal income taxes (as working for the government is considered to be a “privilege” and that “privilege” is what is being taxed. For more info check out, The Truth About Taxes.
However, this phenomenon may explain why we pay direct tax on our labor, but it doesn’t explain why we pay tax on our homes and our cars! Ladies and gentlemen… Tax that you pay on your home and car are DIRECT taxes on property… right? If you own your house, then it is unconstitutional to tax you on it. So if you are paying direct property tax on your home, then WHO OWNS YOUR HOME?
WHO OWNS YOUR CAR?
The above videos are brought to you by Djehuty Maat-Ra of Dhealthstore.com
We here at Free Your Mind Online just love the kids!!
So, right now we are going to talk about a few ways that adults can give their kids the quick jump start that they have to have so they can reach financial success when they grow up.
This post is just to get the creative juices flowing. Hopefully these clips can inspire you to make a move (in whatever area you chose). These are some great motivational segments from the speaker Les Brown. Enjoy.
Here we are again. It’s Christmas time. It’s time to go broke. It’s time to participate in this commercialized ritual that leaves the rich rich and the poor poor!
So if you are looking to participate in Christmas without going into a personal recession, then stay tuned.
I have long maintained that in reality, most people don’t need a financial planner. At the same time, I realize that there are some cases where people might want (or feel more at ease with) a little help.
But if this is the case, how do you go about getting the right person to help you?
Searching for extra avenues to Free Your Mind? Consider the FYMO Online Ebook Store. There are a lot of different topics on many subjects to help you reach success.
Everytime Federal Reserve Notes get printed up (which is often nowadays), the money in your pocket is worth less. You can’t control what they do, but you can control what you do! Learn how to invest in precious metals and save your wealth.
