corporate tax and tariffs de facto decrease social utility and are by far the dumbest things ever gift tax helps stopping ppl who try to avoid wealth/inheritance tax
Thank you for breaking it down and defining all the terms. What makes me furious is that we are taxed left and right - seems limitless. But there still isn’t enough for the government to purchase crayons for children in public schools? Taxes increase and education funds decrease. Makes me sick to my stomach.
Honestly. The reason is because unfortunately most taxes go to the military and to rich people and corporations in tax cuts, so that means poor and middle class people have to pay more to make up for the money lost, when taxes really should go into education, infrastructure, and innovations, but it is what it is 😪
@@spaghettimeatballs6352 Public Schools will *never* get better. They cost double what Private Schools cost and ruin education. They indoctrinate students to accept their control and continue to prop up the corrupt system. The only way education can be fixed is by abolishing Public Schools.
Thanks for a great and very helpful video!!! Would you be so kind as to comment on the 2 questions below? 1. If I live in US, holding F1 visa, can I work remotely in another country as an entrepreneur? Can I avoid double taxation in that case? 2. Same question for my wife, she holds F2 visa Many thanks for consideration and response!
Governments spend by crediting bank accounts, creating currency in the process. Governments tax by debiting bank accounts. Taxes remove or delete some of the currency they previously created. So taxes cannot “give” the government “money” to spend; rather government spending actually gives us its currency so we can later pay our taxes. We have it backward.
All the people in the beautiful land of the USA. We need to stand together in unity against this government. Other Gov. of the past have been overthrown by the people for a 15% tax. How have we let this happen to us? Forget fighting over political parties. Our jobs have been shipped oversees, we are paying 50% plus in taxes a year with new taxes on the way.
So I pay excise tax on my vehicle each year, because having a way to get back and forth to work, and stores so I can pay income and sales tax... is a sin?🤔
Federal taxes used for national defense, vets etc. Am ok with it. State taxes: used for roads, schools, bridges and any other services like local authorities. Am ok with it. County taxes: used on the same stuff as state taxes...?? Double taxation for the same services. City taxes: again the same??.. Property taxes: used for the same stuff..... Wtf why are we been tax over and over again for the same services? Not to mention am paying 2 different county taxes for whatever reason. This is just straight stealing and also got a school tax the other day. The government keep adding more abd more taxes.
Should say that in 1913 the American government abrogated it's social contract with American citizens by violating the simple and obvious intolerance of a personal income tax written into the law of the land our U.S.A Constitution. The USA government does not have the authority of responsibility delegated from citizens to run as a business, meaning it cannot Constitutionally rent or manage or otherwise profit from land or valuables it comes into possession of, those are to be held in public trust (used for a legitimate public purpose) or sold to citizens. A far cry from subsidizing foreign ownership of property, like the abrogated government usurpers.
This told me more in 8 minutes than I've ever learned about the US tax system. Makes sense why USA are multi deca-trillionaires as a nation now lol it always baffled me where the riches came from.
Federal income tax was enacted at the same time as the federal reserve. The federal reserve is a private bank (drafted by the richest bankers in the world at the time, Rockefeller, Morgan, Rothschild, etc) and took Congress’s power of coin. One of the fed’s goal was to loan large amounts of money to the government, and the income tax was imposed as they needed to guarantee return on interest and profit off the American people. The Fed is responsible for inflation (hidden tax), which was nonexistent before this time since the 1600s, as well as many manipulations (war involvement as wars cost money), interest rates, depressions, stock market trends, etc. Woodrow Wilson, the president at the time, had well known and strong ties to the Rockefeller’s, as did many in Congress (Aldrich). Just remember that when you’re thinking Democrat vs Republican...the bank always wins. You never hear about it because those same families own the media. Between 2007-2010 the fed gave Wall Street banks (themselves) $29 trillion dollars. Just spreading the word.
This woman is dead wrong but you would never know it unless you research the tax laws. Here is how simple it is to know whether you are an official taxpayer to the government. The IRS uses a tax guide known as document # 6209 of the IRM ( Internal Revenue Manual ). In this document you will see that tax forms W-2, W-4, W-2G, 1099, are class 5 gift taxes. You are voluntarily giving your hard earned money to the government voluntarily. There's more to know which proves you are not a debtor to the federal income tax.
I'm so proud to be a non US citizen and more prouder that I never will be Ps: The funny thing is people protest to stop wars but they pay for it. That I call democracy
The economic hardship, recession, unemployment and the lost of job caused by covid-19 pandemic is enough to push people to financial ventures, investing in cryptocurrency now should be in every wise individual lost. In some months now, you will be ecstatic about the decision you made today.
@Shaw Andrea that won't bother you, if you trade with a professional like Mr Williams Wayne, who understands the markets like it's their own farm and make maximum profits for the investors.
it’s not fair taxation, how can people be so ignorant, let’s say I make 100k a year, and pay 30% flat-rate income tax so 30k a year, big corp earns 100million per year and they pay the same rate 30%, that’s 30 MILLION they pay. That would be fair taxation. But then wait if you increase this to let’s say 60% for people over that amount, now they have to recoup lost income somehow, so they raise prices for their customers through the ROOF, and everyone at the bottom to the middle now makes less, while the government pockets it all, do you really think the more taxes the government takes that they will just shower the poor in wealth, NO. ONLY, the government benefits from it. And they spend MORE. I’m just dumbfounded, at the stupidity, of people in this country.
We have oil here but only have sales taxes and it’s basically $5 increase of the original price of any product. It’s fine, why would I complain when we’re living in heaven on the desert.
And you are proud to be Americans ? The fact that you conceder me as 3rd world and I am paying non of that BH... And how this video didn't end up with Saw music?!
So I’m a customer for the government for life
Not true you can legally avoid all of these
@@drewhopper5076 elaborate my good man
@@yusufzaman8068 tax write offs and deductibles
The gift tax is the stupidest thing I’ve ever heard so far
same HAHAHAHA
Bruh I can't believe something like that exists
it is so ridiculous!!!
corporate tax and tariffs de facto decrease social utility and are by far the dumbest things ever
gift tax helps stopping ppl who try to avoid wealth/inheritance tax
It wouldn’t be so stupid if you actually understood the regulations tbh
Thank you for breaking it down and defining all the terms. What makes me furious is that we are taxed left and right - seems limitless. But there still isn’t enough for the government to purchase crayons for children in public schools? Taxes increase and education funds decrease. Makes me sick to my stomach.
Honestly. The reason is because unfortunately most taxes go to the military and to rich people and corporations in tax cuts, so that means poor and middle class people have to pay more to make up for the money lost, when taxes really should go into education, infrastructure, and innovations, but it is what it is 😪
@@spaghettimeatballs6352 nope, it's just that governments don't always spend and invest correctly
Federal taxes don’t go to local education. Their money comes from local property taxes.
@@spaghettimeatballs6352 Public Schools will *never* get better. They cost double what Private Schools cost and ruin education. They indoctrinate students to accept their control and continue to prop up the corrupt system. The only way education can be fixed is by abolishing Public Schools.
@@dl2839 relax homie I wouldn't go that far
Thank you for explaining with simplicity!! I learned a lot
Ι have brushed up my knowledge on taxes within at least 5 minutes, than I did back at school, that it had taken me at least half of the semester.
So basically the government owns all properties as you are forced to pay them rent (property tax).
there is no capitalism
@@yeetuscapleetus5326, exactly. The government owns it all so no, there can’t be capitalism.
This is why property taxes should be abolished. It goes against our Natural Right to have property.
@@ghostsniperable353, exactly. Property should be considered a natural right, not a commodity to be taxed.
Yup unfortunately, I feel like it’s just an excuse for them to take money and charge everyone for everything
Thank you it helped so much!! Perfectly done😊
The estate tax got me. Even in death, gotta pay something
this is called a social agreement. fellas, you lowkey accept ot without knowing and when you turn 18 and youre a us citizen...
Excellent easy-to-understand video
the internal revenue service is satanic and largely owned by the united kingdom
Wow.....amazing video very simple & full of knowledge.
Looks like it makes me understood the whole revenue system of USA.
beautiful explaining , ...
Best explained ever!
Thanks for explaining
Amazing~!!!!
Great video
Thank you very much. Very easy to understand. You deserve many likes
Thank You 💙
So with all this taxes the government and states collect you would think we would not be in a deficit.
The government would have to actually reduce spending to do that.
when we make money we pay the government and when we spend money we pay the government
Thanks for a great and very helpful video!!!
Would you be so kind as to comment on the 2 questions below?
1. If I live in US, holding F1 visa, can I work remotely in another country as an entrepreneur? Can I avoid double taxation in that case?
2. Same question for my wife, she holds F2 visa
Many thanks for consideration and response!
Thanks👧❤
please explain the Internal revenue tax which is paid by member of a certain finance company.
Bravo
Thanks
nice information
Governments spend by crediting bank accounts, creating currency in the process. Governments tax by debiting bank accounts. Taxes remove or delete some of the currency they previously created. So taxes cannot “give” the government “money” to spend; rather government spending actually gives us its currency so we can later pay our taxes. We have it backward.
All the people in the beautiful land of the USA. We need to stand together in unity against this government. Other Gov. of the past have been overthrown by the people for a 15% tax. How have we let this happen to us? Forget fighting over political parties. Our jobs have been shipped oversees, we are paying 50% plus in taxes a year with new taxes on the way.
If we pay state tax and then federal tax, how much will I be left?
See I just wanted to find out tax to buy me a bag of chips-
I learned something today
exactly
you're not the real mai senpai
4:13 the 15.3% is the total FICA tax which include Social Security and Medicare contributed from employer and employee. So for employee is only 7.65%
Nice
Which law is used in USA for income tax
Very helpful. Thank You
So I pay excise tax on my vehicle each year, because having a way to get back and forth to work, and stores so I can pay income and sales tax... is a sin?🤔
why doesnt property tax fall with estate tax there the same thing right?
Mate estate tax is taxes they will get of the money you leave when you die, property is money you pay each year for properties you own like a house
I wonder why there is not enough money for... "... this includes things like defense and the military"
Oh nevermind
Military and defense is not the problem, its constant foreign wars and radical spending on government programs that causes most of the debt.
@@ghostsniperable353 it is crazy. I looked up the budget and 70% of our budget is welfare, food stamps, SS, medicare, etc.
Just telling, in Saudi Arabia taxes are 5%. + 2.5% (Zakat) And nothing else.
Mate now it is 15% sale taxes 200% taxes on smoking and energy beverages and 100% taxes on juice that contain sugar !
Rip Bugha
yeah rip he didnt earn 3 m dollars
Came here looking for info on State Tax
Non tax revenue sounds like a tax to me.
Banananana
is excise tax a direct tax?
???????????
Tell the percentage also , u did so much work adding percentage won’t matter
Federal taxes used for national defense, vets etc. Am ok with it.
State taxes: used for roads, schools, bridges and any other services like local authorities. Am ok with it.
County taxes: used on the same stuff as state taxes...?? Double taxation for the same services.
City taxes: again the same??..
Property taxes: used for the same stuff.....
Wtf why are we been tax over and over again for the same services? Not to mention am paying 2 different county taxes for whatever reason. This is just straight stealing and also got a school tax the other day. The government keep adding more abd more taxes.
Should say that in 1913 the American government abrogated it's social contract with American citizens by violating the simple and obvious intolerance of a personal income tax written into the law of the land our U.S.A Constitution.
The USA government does not have the authority of responsibility delegated from citizens to run as a business, meaning it cannot Constitutionally rent or manage or otherwise profit from land or valuables it comes into possession of, those are to be held in public trust (used for a legitimate public purpose) or sold to citizens. A far cry from subsidizing foreign ownership of property, like the abrogated government usurpers.
how the Americans people live with all those taxes:::
Go to Brazil and you'll see how worse is tax there... More than 20 types of taxes
Jovano Mata To be more exact, about 80-90 types of taxes
Thank god we have oil and no taxes here ... Holy shit this is brutal
@@Feast_965 middle east ?
This told me more in 8 minutes than I've ever learned about the US tax system. Makes sense why USA are multi deca-trillionaires as a nation now lol it always baffled me where the riches came from.
What about Capital Gains Taxation?
I believe that would fall under property tax, I could be wrong though
In a nutshell.
I’m 14 and all i know are federal and state tax and now I’m even more confused
Govt can raise morerevenue by taking over housing.
I forgot this so I’m watching videos on how sales tax works
how bout’ payroll tax
That’s the social security and Medicare tax
Types of legal theft in the United States*
Federal income tax was enacted at the same time as the federal reserve. The federal reserve is a private bank (drafted by the richest bankers in the world at the time, Rockefeller, Morgan, Rothschild, etc) and took Congress’s power of coin. One of the fed’s goal was to loan large amounts of money to the government, and the income tax was imposed as they needed to guarantee return on interest and profit off the American people. The Fed is responsible for inflation (hidden tax), which was nonexistent before this time since the 1600s, as well as many manipulations (war involvement as wars cost money), interest rates, depressions, stock market trends, etc. Woodrow Wilson, the president at the time, had well known and strong ties to the Rockefeller’s, as did many in Congress (Aldrich). Just remember that when you’re thinking Democrat vs Republican...the bank always wins. You never hear about it because those same families own the media. Between 2007-2010 the fed gave Wall Street banks (themselves) $29 trillion dollars. Just spreading the word.
This woman is dead wrong but you would never know it unless you research the tax laws. Here is how simple it is to know whether you are an official taxpayer to the government. The IRS uses a tax guide known as document # 6209 of the IRM ( Internal Revenue Manual ).
In this document you will see that tax forms W-2, W-4, W-2G, 1099, are class 5 gift taxes. You are voluntarily giving your hard earned money to the government voluntarily. There's more to know which proves you are not a debtor to the federal income tax.
I'm so proud to be a non US citizen and more prouder that I never will be
Ps:
The funny thing is people protest to stop wars but they pay for it. That I call democracy
Unless the people go physically threaten the government doesnt care.
Wtf
💊 s
The economic hardship, recession, unemployment and the lost of job caused by covid-19 pandemic is enough to push people to financial ventures, investing in cryptocurrency now should be in every wise individual lost. In some months now, you will be ecstatic about the decision you made today.
@Shaw Andrea that won't bother you, if you trade with a professional like Mr Williams Wayne, who understands the markets like it's their own farm and make maximum profits for the investors.
Mr Williams Wayne is obviously the best broker, I invested $3000 with him and made a profit of $20,500 on a short term trade, it was mind-blowing.
I have heard of his trading strategies.
Wow, I'm shocked you mentioned and recommend expert Wayne, I thought people don't know him, he is really awesome.
With his guide I was able to transfer my XRP from uphold his strategies are second to none.
it’s not fair taxation, how can people be so ignorant, let’s say I make 100k a year, and pay 30% flat-rate income tax so 30k a year, big corp earns 100million per year and they pay the same rate 30%, that’s 30 MILLION they pay. That would be fair taxation. But then wait if you increase this to let’s say 60% for people over that amount, now they have to recoup lost income somehow, so they raise prices for their customers through the ROOF, and everyone at the bottom to the middle now makes less, while the government pockets it all, do you really think the more taxes the government takes that they will just shower the poor in wealth, NO. ONLY, the government benefits from it. And they spend MORE. I’m just dumbfounded, at the stupidity, of people in this country.
USA makes most of its money on war that’s why you guys are in so many wars and why you start so much wars
We have oil here but only have sales taxes and it’s basically $5 increase of the original price of any product. It’s fine, why would I complain when we’re living in heaven on the desert.
This shows only rich can live in America
Ur luck ur taxes are so low in Canada 50% of ur check is taken away
This video is made to fast, so folks can't understand. Simplistic examples would be appreciated.
@Lord Tyrannus woahh...that's not very kind. witekhcify was just expressing her/his opinion haha chiiill
I think he’s joking guys
And you are proud to be Americans ?
The fact that you conceder me as 3rd world and I am paying non of that BH...
And how this video didn't end up with Saw music?!