A Sovereign Citizen Loses His Sovereignty
Harold Stanley of Peculiar, Missouri, is yet another individual who tried, but failed, to declare himself a sovereign citizen in order to avoid paying taxes. Â Stanley, 62, was a consulting electrical engineer who refused to pay any federal income tax on his income. Â From 2005 to 2009, Stanley received $971,604 in his capacity as an […]
IRS Secret: They don’t want to seize your assets
The IRS often sends notices to delinquent taxpayers threatening to seize their assets, however this is actually somewhat uncommon. Â Now the term asset is up for deliberation. Â They will absolutely levy your bank account or garnish your wages without the blink of an eye. Â Those “assets” are the low hanging fruit. The assets they often […]
The History of Income Tax In the United States
The first tax on income was created in 1861 to finance the Civil War. Congress also passed the Internal Revenue Act in 1862 which created the Bureau of Internal Revenue which eventually became the IRS. The Bureau initially placed excise taxes on goods ranging from tobacco to jewelry, but it did not last and wasn’t […]