Government Chews Up 30% of the Economy
One hundred eleven days. That’s how long the nation, as a whole, has to work to pay the total U.S. tax burden.
The government sucks 111 days of productivity out of the economy. Every year. And that’s just spending. Add in government borrowing, and another 15 days of productivity vanish.
That’s 30 percent of the year… at a minimum. And every year, the government seems to demand a little bit more. The time it takes to “break even” takes a little bit longer.
Taxpayers spend more on the U.S. government than they do on food, clothing, and housing combined. At least, those that pay taxes.
Such a heavy tax burden is damaging to our economy.
But there’s more to all this than runaway government spending and irresponsible government borrowing. Our convoluted tax system can turn any citizen into a criminal… and that fact cuts to the heart of the privacy issues we’re facing today.
74,000 Pages and Growing
Every year new subsidies, loopholes, and regulations add complexity to our tax code.
But before 1913, we didn’t have an income tax or the IRS or a tax code. When the income tax amendment was added to our constitution, the first tax code was 400 pages long. In the 20 years that followed, it grew to a little over 500 pages.
And then things went off the rails…
By 1945, the tax code was 8,200 pages.
It grew to double that size by 1969.
It reached 40,500 pages in 1995.
And currently, it stands at nearly 74,000 pages.
That many pages of regulations and exceptions spell one thing for government. Control.
It’s nearly impossible for the average citizen to fill out their taxes perfectly. Mistakes will be made. And if they are, you’ll be at the IRS’s mercy should they decide to take notice.
Our tax code is so convoluted, that it can turn any citizen into a criminal at the government’s whim. Look at Dinesh D’Souza. Or Frank VanderSloot.
With the full weight of the U.S. government behind it, the IRS is capable of financially ruining almost anyone in the country… even if their accusations against that person are wrong.
This increased power is changing the agency. The IRS has never been well-loved. But for decades, American’s believed it was honest.
Now Americans don’t just hate they IRS. They don’t trust it. And for good reason:
- The IRS has violated citizen privacy, reading (without a warrant) the private email of people it is investigating. They also snoop into text messages and Facebook postings of private citizens.
- The IRS has harassed non-profit organizations with political affiliations it doesn’t like.
- The IRS has used its power to pursue action against citizens to punish them for opinions that are unpopular with the IRS and the administration.
Through the tax code, the government is able to intimidate people that it thinks are on the wrong side of issues.
The tax code also gives the government a way to track your behavior. Think about how much information you have to turn over when you fill out your tax forms. Especially if you have a business. The charities you give to. The car you drive. Your healthcare information. The government collects it all.
This information— and the complexity of the tax code— gives the government leverage over you. And that’s the unfortunate result of every privacy encroachment the government makes.
Protect Your Money, Your Privacy, and Your Freedom
The political elite— left and right alike— fight tooth and nail to protect the tax code because it is the source of their power.
The tax code allows them to make promises, to give favors, to pick winners and losers… to buy votes.
So, for now, we’re stuck with a monster of a tax code meant to destroy wealth and intimidate citizens. But that that doesn’t mean you can’t protect yourself.
Protect your money by doing thorough tax planning, taking advantage of tax-free investments, including international investments, and keeping better records of potential tax write offs.
Protect your privacy by lowering your overall profile. There’s not much you can do about the information you have to provide to the IRS. But you can reduce the amount of information about you they have access to outside of your tax filings.
Lowering your profile also helps to protect your freedom. Staying off the government radar means less unwanted attention from the government, which frees you to live your life with less worry.
To do even more to protect your freedom, look into dual citizenship.
The tax code in this nation is criminal in the way it treats its citizens. It’s time to start taking steps to protect your privacy, your freedom, and your wealth.
Government power abuses show no signs of stopping, so taking these steps now may be crucial to protecting your future.
P.S. – Living with a low profile was once a luxury. Now, it’s become essential. If you want to protect your wealth and your freedom, you must make the leap to lower profile living. << Get a Lower Profile Now >>