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No Tax On Overtime Was A 90 Billion Dollar Reverse Wealth Transfer

No Tax On Overtime Was A 90 Billion Dollar Reverse Wealth Transfer By Robert Korczynski ​In 1913 the United States established the Federal Reserve and passed the Revenue Act to introduce Federal Income Taxes. The Federal Reserve was created as a permanent central bank, but the income tax was sold as a temporary "soak the rich" measure that would only target the top 1% of earners. The Revenue Act of 1913 originally provided $3,000 exemptions for single filers and $4,000 for married couples. Adjusted for inflation, that equates to at least $90,000 to $120,000 in tax-free income, so in reality 97% of all Americans paid zero federal income tax at first. But when the government needed to fund World War I, it passed the War Revenue Act of 1917 which slashed exemptions for single filers to $1,000 and married couples to $2,000, dragging millions of working-class Americans into a permanent federal tax net that was never dismantled after the war, and over the years the federal governme...

Michigan Proud

     Do you like breakfast cereal? Health Food Stores? The modern education system in America? How about the Republican Party? Or the United States? How about driving in cars? Or how about the Middle Class in America? Or punk rock? Or pizza delivered to your house? If you like most of those things, you have Michigan to thank for all of it.      Breakfast cereal was invented at the Kellogg Institute in Battle Creek Michigan to provide a healthy alternative to things like eggs and bacon for breakfast. Kellogg was a Seventh-Day Adventist at the time, and ran a healthy retreat that he called the Kellogg Sanitarium; his brother brought breakfast cereal to the world.      The 7th Day Adventists emerged from Battle Creek Michigan, and are vegetarian Christians and have been so for over 150 years, providing a control group against the rest of America. They have very low rates of cancer, and they have no cholesterol problems or heart disease ...