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**LoP Guest** lop guest User ID: 90069 04-15-2012 05:19 AM

Does anyone know what our federal income tax is actually used for? Those trillions of dollars that are collected every year, what does it all pay for?

**JF Priest** · **JF Priest** Subscriber User ID: 47416 04-15-2012 05:24 AM **Posts: 24,034**

Interest on the National debt.. I had a thread about this a while ago.. David Provided some good info... Bump

**ASA**

Wouldn't it be nice if they gave us an itemized receipt?

**Psychonaut** lop guest User ID: 85431 04-15-2012 05:26 AM

Your unending compliance.

~~Jackinthebox~~

LoP Guest Wrote:

Does anyone know what our federal income tax is actually used for? Those trillions of dollars that are collected every year, what does it all pay for?

The interest on the national debt. For every dollar in existence, we owe about another nickel or so in interest to the Federal Reserve Bank. Taxes go toward paying that interest.

**LoP Guest** lop guest User ID: 90069 04-15-2012 05:35 AM

Jackinthebox Wrote:

LoP Guest Wrote:
Does anyone know what our federal income tax is actually used for? Those trillions of dollars that are collected every year, what does it all pay for?

The interest on the national debt. For every dollar in existence, we owe about another nickel or so in interest to the Federal Reserve Bank. Taxes go toward paying that interest.

Ok, so the Fed Reserve collects the interest money, then what?
What does the F.R. do with all that money?

**absurdious** · **absurdious** INFP User ID: 27152 04-15-2012 05:36 AM **Posts: 15,902**

Paying the interest on the loan from the FedReserve...

**Pope Barbie Imaculata**

Jackinthebox Wrote:

LoP Guest Wrote:
Does anyone know what our federal income tax is actually used for? Those trillions of dollars that are collected every year, what does it all pay for?

The interest on the national debt. For every dollar in existence, we owe about another nickel or so in interest to the Federal Reserve Bank. Taxes go toward paying that interest.

The great thing about is there can never be enough money in existence to pay it all off. For every dollar printed or created digitally we owe $1.05

It means we are all forever slaves to the Federal reserve banks. Anyone who says America is a free country is an

Headass

**LoP Guest** lop guest User ID: 90069 04-15-2012 05:41 AM

absurdious Wrote:

Paying the interest on the loan from the FedReserve...

So the guys who run the F.R. collect that interest and then loan out more money to the U.S. govt? Does the F.R. actually generate a profit from this situation? If so, what would it be used for and how much would it be?

**absurdious** · **absurdious** INFP User ID: 27152 04-15-2012 05:42 AM **Posts: 15,902**

LoP Guest Wrote:

absurdious Wrote:
Paying the interest on the loan from the FedReserve...

So the guys who run the F.R. collect that interest and then loan out more money to the U.S. govt? Does the F.R. actually generate a profit from this situation? If so, what would it be used for and how much would it be?

You know, a little research and you can answer all the questions yourself...

**Ahriman**

It's supposed to go towards sheet like streetlights and roads and bridges and outlandish things like water and plumbing. You know the essential big sheet we all need. You would think.

Anon

**Michael Alan Keith**

LoP Guest Wrote:

Jackinthebox Wrote:
LoP Guest Wrote:
Does anyone know what our federal income tax is actually used for? Those trillions of dollars that are collected every year, what does it all pay for?

The interest on the national debt. For every dollar in existence, we owe about another nickel or so in interest to the Federal Reserve Bank. Taxes go toward paying that interest.

Ok, so the Fed Reserve collects the interest money, then what?
What does the F.R. do with all that money?

They pay the those who hold the securities, the bonds.

Bonds are paid back at face value as they mature, or with scheduled payments for Coupon bonds.

**Michael Alan Keith**

Ahriman Wrote:

It's supposed to go towards sheet like streetlights and roads and bridges and outlandish things like water and plumbing. You know the essential big sheet we all need. You would think.

Those things are paid for with income other sources like BORROWING, Corporate taxes, trade taxes, fines, fees and everything else.

~~Jackinthebox~~

LoP Guest Wrote:

Jackinthebox Wrote:
LoP Guest Wrote:
Does anyone know what our federal income tax is actually used for? Those trillions of dollars that are collected every year, what does it all pay for?

The interest on the national debt. For every dollar in existence, we owe about another nickel or so in interest to the Federal Reserve Bank. Taxes go toward paying that interest.

Ok, so the Fed Reserve collects the interest money, then what?
What does the F.R. do with all that money?

They don't give a shit about money. It's power by that point. A pyramid-scheme to enslave us. We're the ones who value the money, not them.

**LoP Guest** lop guest User ID: 90188 04-15-2012 06:14 AM

they also use it to buy guns to kill us and everyone else who doesn't want to be told what to do by a bunch of people who think they're "god's gift to the earth"