100 Years of the Income Tax

The Peter Schiff Show (10/7/2013)
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[@amyneville1140]

Peter your father did a great thing. I support everything you said here.

[@JohnDaniels]

You are a smart woman 👍🏻

[@mdcarillo]

RIP Irwin Schiff. An honest man

[@clearasvodka]

100 years of financial slavery...

[@marksuave25]

To my liberal friends, who will say that we need higher income taxes, you are wrong. The government will spend and piss your money out the window and what will the politicians say? "We need more money!". Look at east Cleveland schools. Highest cost per pupil and the lowest scores. And this is just one example.

[@RespectMyLibertie]

It's also worth noting that according to Ken Burns documentary "Prohibition," it's explained that 70% of federal revenue was raised via the excise tax on alcohol. The prohibitionist were gathering strength after the 19th century and knew in order to make it possible to ban alcohol that they would have to first displace tax revenues away from the alcohol market. The 16th amendment made it possible to ban alcohol without bankrupting the federal government. 8 years later prohibition began.

[@snarbywrx]

Your father is a Hero, Peter. I hope he gets released soon.

[@jeffzhang4852]

Doesn't Rockefeller own our income tax since he was a stockholder at the federal reserve?

[@CaLMCee]

Soros i believe does no. Transfered to him

[@madeonearth6506]

Peter is the only drug I need.

[@DavesArtRoom]

You know full well that the income tax was never legitimately ratified via Philander Knox; Secretary of State under President McKinley. Your Dad was right. I would never have the guts to do what he did. But he was right. The IRS needs abolished.

[@prof5string]

Apparently you don't know full well that the authority to impose taxes (INCLUDING an income tax) was delegated to Congress in 1789 -- Article I, Section 8, Clause 1 of the Constitution. That was the authority for the Civil War era income tax, which lasted from 1861 to 1872 and which was ruled constitutional by a unanimous Supreme Court in 1881. The only reason for the 16th Amendment was to overturn an 1895 Supreme Court decision holding that an unapportioned tax on investment income (interest, dividends, rents) was a direct tax and therefore unconstitutional. But the Court went out of its way to confine its ruling to investment income and noted that unapportioned taxes on other types of income such as business income and personal compensation were excises and therefore constitutional. In sum, the 16th Amendment (which was properly ratified, as every court that has ruled on the bogus claim that it wasn't has held) wasn't necessary to tax wages, salaries, and other types of compensation. In addition, the Court later disavowed its 1895 ruling and stated that the earlier decision was based on a "mistaken theory".

[@maxdecphoenix]

"1% of the top 1%". I seem to recall reading somewhere, that when the income tax was first established, there was only 1 American affected by it, John Rockerfeller.

[@C4lWXHPLS]

Our government is getting more crafty at finding ways to tax us as well. Like through Obamacare. Next up will be the carbon tax.

[@clearasvodka]

Exactly. You pay tax only on what you consume. You pick and choose those things that you want to buy in which the tax money goes into specific programs. Such as education, roads, etc. A direct, unappropriated income tax on labor is just about as un-American as anything I can think of. Imagine, paying Uncle Sam BEFORE you pay yourself! Who do you work for? Whose's your daddy?!

[@RetSquid]

There is no need to ratify the Federal Reserve, it is not an Amendment to the Constitution.

[@RetSquid]

All of the States agree it was ratified, none of them claim it was not ratified and there was no need to repeal anything.

[@adammcateer]

The best emails I get to my phone are ones saying Peter Schiff Just uploaded a video and drinkingwithbob just uploaded a video. Keep them coming!!

[@hag12100]

Anytime you increase the tax on the wealthy, the wealthy avoided the tax to the best of their ability. When that happens, you have less of a chance to obtain a job with them because of the increase in the tax, or you pay more for their services. Either way consumers pay.

[@rorywest]

Do you truly believe that it is taxes that make those people happy, or is it something else? If taxes make people happy, you should give 100% of your income to the IRS. You will be the happiest person in the world.

[@Efilism90]

They are virtue signalers

[@JohnDaniels]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson

[@19joe67]

No, they are built and maintained by the Highway Trust Fund since it was established in 1956 to finance the Interstate Highway System. The fund receives money form the federal fuel tax that was 3 cents in 1956. Today, instead of being less, like every product on the free market that gets cheaper and better over time, the fuel tax is 18.3 cents/gallon on gasoline and 24 cents on diesel. Roads are a government monopoly forced on people. All roads should be private toll roads.

[@sebholding]

you are right, the us $ has droped by around 97% since 1913, so 20 000$ in 1913 are not equal to more than a million today

[@movieklump]

All of the 10 countries voted happiest in the world Denmark, Norway, Switzerland, Netherlands. Sweden, Canada, Finland and Australia have higher taxes than the USA.

[@omon91]

He is right. Compare gold prices to get your inflation, not CPI numbers.

[@tripletwentyy]

He says the income tax is unconstitutional, not 'any tax.' Roads and highways can be built & maintained without tax dollars.

[@mtstatehk14090914]

I am confused If you use any inflation calculator on the internet it says that $20,000 in 1913= $450,000 today. Not 1.3 million like Peter said.

[@JoinTheTemple]

It may or may not be. The far more important point is that income tax is utterly immoral.

[@jellebosmans1435]

According to shadowstats 20.000 dollars 100 years ago would be 472.478.79 dollars today ( slightly under 0.5 million. )

[@freetrailer4poor]

The income tax also gave as prohibition, since revenues on alcohol were not necessary anymore.

[@PlayerDuce]

A 30 year mortgage, 12 years of that is you working for the government. Work till you're 60, 22 years of that is spent working to pay government.

[@SweetLiberty01]

The one thing the income tax has going for it is that it was accomplished constitutionally via adding it as the 16th amendment. Just about everything else government does today is an end-run around the constitution because it would be too hard to pass a new amendment. Gee, that would be horrible if government couldn't just pass every little thing their hearts desired. If only...

[@tcorourke2007]

I don't believe government inflation statistics, but using gold is a poor metric for determining the value of $20,000 today. Two years ago @ $1,900 an oz, the calculation would be wildly different. In addition, in 1913 the price of gold was set @ $20 an oz by the U.S. Government, not the free market. Even using gov. inflation statistics, the bracket started at $450,000 in today's dollars, good enough to prove the point.

[@Crucafixxx]

This man studies because he cares he really cares about his country. God Speed Schiff

[@tripletwentyy]

About 70 percent of the construction and maintenance costs of Interstate Highways in the United States have been paid through user fees, primarily the fuel taxes. -Wpedia

[@88relient]

100 years of theft

[@YoureBeingCheated]

They also lied by saying that Social Security would remain at 6% and that was the most you would ever pay. The document that promised that is now in electronic form on the SSA web site.

[@MotoGp324]

The Social security car IS transferred to you the TRUSTEE from the Social Security Administration. You cannot transfer to another is not the point, only that the RES is the card transferred to you making you the Trustee (one who excepts Trust Res property). Having a SSN to be tax is also DOES NOT EXPLAIN HOW THE TRANSFER OF A SSN CARD IS NOT A TRUST. Simple question what is a 'Trust"? What are the elements of a trust?

[@supersilverhazeroker]

that goes for taxes in general, using a different word doesn't change anything.

[@majic471]

and the commercials get longer and longer and longer , soon we'll have the 4-5minute "extended commercial breaks" as on TV will prevail

[@RetSquid]

You can't transfer your Social Security card. Social Security is not a 'sub-trust account' and it has no relation to income taxes. You don't even need an SSN to be taxed or to be liable for income taxes.

[@tripletwentyy]

It's primarily fuel tax funded (this is easily able to be looked up).

[@arrrryyy]

I did look it up, nothing like that came up.

[@ryansobomandell]

Schiff, could the collapse of the dollar effect brokerage firms.. I own gold in physical, but I also own paper gold and miners, but I own them in dollars... do you understand what I'm getting at here? How big is this crisis going to be. I agree with you and Max Keiser, but if the dollar looses all its value then should I be in all physical gold and oil?

[@BroJo333]

130 MILLION TAX PAYERS AFRAID OF A FEW THOUSAND IRS AGENTS.

[@MotoGp324]

Since you say that there no 'social security sub-trust account' can you tell me how the transfer of the Social Security card IS NOT A TRUST?

[@HeadoftheFed]

They are only subjective to underachievers such as your self. Right and wrong do exist, sure there are times when there is a great deal of gray area your life, but what makes you able to succeed in life is your ability to make that gray black and white.

[@marja70]

What about the state? When state taxes and spends through hiring public servants, are people getting more bang for their buck? Are people getting services worth the amount lost in taxation? Or is the state just creating a privileged group of people who are not actually producing anything but only manage to live off the taxed population? Is this your HUMANITY? The system of free market and rule of law is the most HUMANE and BENEVOLENT system there ever was or will be.

[@w2ville]

Martin, why are people so unhappy in Denmark? I really want to know.

[@arrrryyy]

my point is the argument, or debate which pretty clearly outlines and is being repeated - if Schiff's father and he himself are against taxes or some types of taxes then why are they readily using benefits of it?

[@RetSquid]

Your SS Card is only a record of your SSN. You don't need an SSN to be taxed. There is no trust for you to be a trustee of.

[@sebholding]

Let's restore tariffs at a rate of 35% (35% on 2500 billions = 900 billions) and abolish the income tax !

[@ddstar]

It's enslavement to a degree.

[@movieklump]

That is the first time you have messaged me without insulting me.

[@garygilbert976]

another A+ This was information I didn't know and will surely make use of, quoting you, Peter.

[@hOtneO]

Welfare should be taxable. Entitlements need to end. The old and poor are takers in society and most likely didn't contribute into the system to begin with.

[@RetSquid]

Because Title 26 imposed a tax on your income. from any source, by any name, earnings included. There is no "SOCIAL SECURITY SUB-TRUST ACCOUNT", you don't have to have an SSN to speak to the IRS.

[@Observerx10]

They have to tax more to take all those surplus computer digits out of circulation. 8)

[@tripletwentyy]

Everywhere or just in the US?

[@jellebosmans1435]

True, but search for Irwin Schiff and you will find out what they do with people who don't pay the income tax.

[@arrrryyy]

So how come one type of tax is not OK, and the other is OK? I am not sure that his father is fine with some taxes, as far as I can remember he is against any type of taxes.

[@RetSquid]

“If the requirements of the tax laws were to be classed as servitude, they would not be the kind of involuntary servitude referred to in the Thirteenth Amendment.” Porth v. Brodrick, 214 F.2d 925, 926 (10th Cir. 1954). All Citizens are liable to income tax, but there is no requirement for you to have an income or to work at all. And there is obviously due process.

[@th86stone]

STOP THE FED CHARTER !

[@arrrryyy]

OK, but it is still a tax, right? And his father is against ANY tax. He says taxes are unconstitional. So, if taxes, including gasoline tax is not constitutional, then how the fuck he was going to drive to his ranch?

[@movieklump]

It was an observation, I made no value judgments. Luckily I had you to make them for me.

[@movieklump]

Ad hominem - marked by or being an attack on an opponent's character rather than by an answer to the contentions made. This may help you understand this term.

[@MotoGp324]

Your absolutely right, I'm totally wrong. Your right...

[@88spammer]

@Peter Schiff, love your work, always put a smile on my face and knowledge in my head. I know you don't have to or need to but once in a while would you mention something about australia there is like one Austrian minded person in the whole of australia and he doesnt do youtube video's please schiff please. :)

[@movieklump]

Brilliant, a new logical fallacy! The Red Herring. Sadly "TROLL FAIL" is back to the old ad hominem that you love so well. But I must say the caps are a nice embellishment.

[@PlatinumGordon]

Great info as usual Peter. Cheers from Australia. I assume we got a similar load of bull shit here in Australia with regards to Taxation.

[@MotoGp324]

There is no INCOME TAX on YOUR Earnings, that is against the law. The FEDERAL INCOME TAX is a tax upon the SOCIAL SECURITY SUB-TRUST ACCOUNT. That is why to speak to the IRS you must have a SOCIAL SECURITY #. It is the trust name and account number the payroll check is being made out to, NOT YOU! When you endorse the check that is made out to the Sub-Trust account you now made yourself LIABLE to pay the taxes that only the sub-trust account owed, not you!

[@coopsnz1]

Government workers pay no income tax in Australia , neither do bludgers that don't work

[@oldheaddeuce2273]

how do you do this weekly? great informative information

[@georgesaxman1461]

So go, nobody's stopping you.

[@arrrryyy]

No, they are maintained by car registration, not gasoline tax. But are built mainly by federal budget. don't forget that highways are a military roads by default. Though I have no idea how they adopted it from Germany. Russians, the French could invade germany, Will Mexico or Canada invade USA?

[@19joe67]

Highways are paid for by the gasoline tax, not the income tax.

[@RetSquid]

How can the income tax be unconstitutional when Article I, Section 8, Clause 1 says that Congress can impose taxes?

[@andytachibanalover9495]

Oh my God-go do your homework

[@movieklump]

The terms "right" and "moral" are subjective to the society. Taxes are wrong and immoral to your and fellow like minded people only.

[@ceryni11]

free market---> capitalism---->profit---->deficit--->selfishness-----> NOT BENEVOLENT

[@xtreme1002003]

7 IRS agents disliked this video.

[@harrylongdick1303]

Vote Peter Schiff

[@jellebosmans1435]

Saw your top comment on this youtube vid watch?v=Vd6VXp6hanA what should they do with the parks? Make it totaly private? Or let the goverment control it? Thanks!

[@garoad2]

All that (might) prove is that money doesn't buy happiness. There's a lot of dead/suicidal celebrities who could have told you that. This is about prosperity, and most importantly, right and wrong. The ethics needed to grasp this are over your head unfortunately.

[@mtstatehk14090914]

I am not just looking at CPI numbers im just asking questions. idk who is right

[@SelfEducationRadio]

furthermore, most of us DO gladly give our incomes away to friends, family and companies/causes we believe in. The problem is that once the money is taken by the state, the majority of it goes to serve causes and interests that are detrimental to a peaceful society (i.e military industrial complex). Contributing to society is not the issue, the issue is people should be free to choose how and what they contribute to 100% of the time and not having going to things that no one opted for to begin

[@jmjfanss]

Repeal the 16th and 17th amendment, end all taxes.

[@sebholding]

Tariffs didn't fall in 1913, look at the history of tariffs in america on wikipedia

[@movieklump]

I made no value judgment on taxes. I did find you statement "certain morals are not subjective except for certain morals which are subjective" highly philosophical.

[@MotoGp324]

Your absolutely right!

[@coopsnz1]

In Australia there is 48% income tax if you earn $160,000aud a year . Min income tax is 30%

[@coopsnz1]

@Bosonian then add 60% fuel tax , 10% - 23% tax on goods you buy , 13% 54% tax on cars, 15% tax on property, 80% tax on liquar, 90% tax on smokes = middle class pay up to 70% tax yearly

[@TDromedaren]

Schiff is a legend!!

[@vdubs4life1964]

and the hamster wheel keeps getting faster and faster.... and faster....

[@RetSquid]

Well, we know for a fact he is wrong, he has never won a case. He may survive, he will 90 when he gets out, and, no doubt, he will lose the next time he goes to court. If you are following his advice, you will most likely lose also.

[@duendeharrison9019]

The original tax plan is EXACTLY the tax plan I came up with myself. Every American earns their first million tax free and then graduated slowly up from there.

[@tripletwentyy]

I suppose that's precisely his solution, yes. But I haven't studied Mr Schiff as much as you.

[@talksonabox]

I like the idea of a sales tax and no income tax. Rewards savers and it would be hard to avoid for corporations

[@samuils]

So if they are happy = due to higher taxes? So being taxed at higher rates makes people happy? Ok lets make those people ecstatic and demand they get taxed at 100%.....

[@TheRealBrillski]

Schiff is against most taxes, especially the income and property tax. However, he has said he does not mind paying sales taxes as those taxes are voluntary (in the sense that he doesn't have to buy anything) and there's no time involved paying a sales tax. You must not be aware of the gas tax that is added on to the cost of every gallon of gasoline you purchase, which funds the roads. Also, money is real. Gold is money and people the world over decided it was money before any government did.

[@marniespeaks]

this is what you get when you don't arrest the crooks debt slavery

[@MotoGp324]

I also deal directly with the IRS year in and year out. Just turned a supposed $250,000.00 debt into a $11,000.00 refund! But I guess RetSquid is right, NOT!

[@marja70]

Wrong. Poor people compete and they compete successfully on their chosen market niche. They are actually so good that the likes of Peter must give up entirely on those market and stay in their own chosen niche. This phenomenon is known as the division of labor and specialization. The freer the market place, the more there is specialization and trade. Now, people in different business don't actually compete. Instead they co-coperate through trade. They are on the same side.

[@coopsnz1]

Small business owners pay half there profit in tax in Australia

[@MotoGp324]

You know what, your right I'm totally wrong. Your right. I have NO IDEA of what Im talking about. I guess being educated is stupid now days. Have a good day.