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IRS Computers are Down
Patriot ties up Tax Agent for an Hour!
Here’s a little holiday fun from Ralph X.
Ralph received a CP-91 where the IRS said they would levy his SS payments. Ralph has already submitted a CDPH, so I told him to call the number on the letter and tell the IRS if they touched his SS he would sue them for violating a stay on collections.
This is Ralph’s response:
HAPPY NEW YEAR............ I finally got [an agent] on this after 4 calls. I just got off the phone with them and they tell me that their computers are all down in preparation for the 2011 tax season and they are currently unable to access any of my information. (Is that LAME or what?) The rocket scientist I talked to said that he didn't think any holding of SS funds had been setup yet, and since he's a rocket scientist......he should know.
Bottom line is he recommends that I call back Monday or Tuesday....whenever they manage to get the computers back up if that's the case. Sounds a bit "fishy" to me.
Anyhow, he was fairly nice and I managed to keep him tied up on the phone for nearly an hour talking nonsense stuff........I figure his work might pile up more than it already was. Then I ask if he could hold for a moment while I went to [relieve myself]......and never came back. He's such a nice young man.
Until later,
http://blogs.mccombs.utexas.edu/mccombs-today/2010/04/is-your-mba-graduate-degree-tax-deductible
In January, The Wall Street Journal ran a story about the fight of nurse Lori Singleton-Clarke to deduct nearly $15,000 in business school tuition as an unreimbursed employee business expense on her federal income tax return. The twist to the story, besides the fact that she represented herself in U.S. Tax Court and won (after three years of IRS discussions), is that it lays out a road map for other students in deciding whether to deduct business school expenses.
While the U.S. Tax Court issued a summary opinion in the Singleton-Clarke case, in a similar case, Daniel R. Allemeier, the Tax Court judge issued a memorandum opinion, which implies that the judge thought the case did not involve a novel legal issue and that the tax law in the area was well settled. Though tax court rulings do not create precedent that must be followed by every court, decisions like these are persuasive precedent and bode well for students in similar tax circumstances.
With so many things happening in our political system, it’s easy to lose focus of the world as whole. And for this reason, many Americans are rather pessimistic about the future of the world. Decade after decade, our government grows bigger and opportunity slowly wilts.
But sometimes we have to step back from our own country and analyze the world’s trend. In general, the world is getting more free –-- not less. Think about the globe only 50 years ago: China wasn'’t communist in name only, but communist in reality. Of course, the USSR still worshipped Lenin, and Eastern Europe was under the grip of the same mental aberration.
Furthermore, other parts of the world were on economic lockdown too. Few in their right mind would have located their customer service department or any business unit in India at the time. The Middle East, too, has seen vast improvements since then. Modern Turkey and Dubai would have been unimaginable a few decades ago. On top of this list, there are still more examples, such as Singapore, Taiwan, and South Korea. Don’'t forget South American countries like Chile, Argentina, Colombia, and Brazil. Sure, most of these locations aren’'t free-market paradises, but compared to the past, things are good and in many cases getting better.
If China alone grew freer, the world on net would have improved. A billion souls are being allowed to experience a form of free-market capitalism after almost a century under communism. That’s an amazing accomplishment. The United States, Canada, and Western Europe have become less free, but our populations represent a much smaller proportion of the world.
As strange as it sounds in the middle of this recession, the world on net is doing well compared to the past. Unfortunately for us, we'’re not a net gainer in this new global picture. The new global economy offers plenty of opportunity for the adventurous. But I don’'t think the majority of us will be packing for Singapore anytime soon. We’ll likely survive with what’'s left of the free market at home.
This shift is especially apparent among foreign students. As I’'m finishing my masters of finance at Johns Hopkins University, I'’ve met so many international students that have no intention of remaining in the U.S. They’re here to get a good education, and then they’re leaving. This would have been an unimaginable plan only two decades ago. Anyone who could stay in America would.
And it’s not necessarily that America has gotten so bad. It’s that the gap between us and other places in the world has gotten smaller. When an educated foreigner had to pick between earning $50,000 in the U.S. and $5,000 domestically, the choice was obvious. But now that they can make $20,000 domestically; $50,000 in the States is less appealing. After all, there are personal costs to immigration, such as learning a new language and getting along with a different culture. It simply isn’'t worth the extra cash for many individuals. Similarly, most of us wouldn'’t jump on a ship for China to boost our salaries by $30K. We’'ve all got roots that can be troublesome to uproot.
For a long time, talented individuals from Russia, Eastern Europe, China, and India either had to move to the West or were destined for poverty, despite their skills. Now, with an education and some effort, one can earn a decent living in numerous countries around the world. For most people around the globe, the glass looks half full. There’s a lot to be hopeful about --– even in this recession. Unfortunately, our glass doesn’'t only look half empty; it’'s actually getting emptier...... (end of quote)
Quotations from U. S. MINT* & COINAGE ACTS by Charles. Weisman
In re to PUBLIC STATUTES & "Biblical Money"!
* Copyright 1987, revised 1991 ISBN 1-929205-01-5
Quoting Daniel Webster from the Congressional Record:
"Of all the contrivances for cheating the working classes of mankind, none has been found more effectual than that which deludes them with paper money."
Cite Richard Henry Lee writ. to George Mason 15 May/1787: “Knaves assure, & fools agree, that calling paper ’money’ & making it ’tender’ is the way to be rich & happy; thus the national mind is kept in continual disturbance by the intrigues of wicked men for fraudulent purposes, for speculating designs.” Note: Lee named on 2 Apr, 1792 Mintage Act re U. S. Money of *Account.
Quoting Geo. Washington from a letter to a citizen of Rhode Island in 1787:
"Paper money has had the effect that it ever will have, to ruin commerce, OPPRESS the HONEST, and open a door to every species of FRAUD and injustice."
Cite William Paterson in 1786: “An increase of paper money if it be a tender, will destroy what little credit is left; will bewilder conscience in the maze of dishonest speculations,…will turn vice into legal virtue; & will sanctify iniquity by law.”
Cite James Madison in #44 of the FEDERALIST PAPERS: "...The extension of the prohibition to Bills of Credit [paper money] must give pleasure to every citizen in proportion to his love of justice and his knowledge of the true springs of public prosperity."
Cite Thom. Jefferson: [1816] "I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. The issuing power [of money] should be taken from the banks, and restored to the people to whom it belongs..."
Citing from FAREWELL ADDRESS by Pres. Andrew Jackson [4 March, 1837] in part,
"The Constitution of the United States unquestionably intended to secure to the people a circulating medium of gold and silver... The paper system being founded on public confidence and having of itself no intrinsic value, it is liable to great and sudden fluxuations, thereby rendering property insecure and the wages of labor unsteady and uncertain...
Some of the evils which arise from this system of paper press with peculiar hardship upon the class of society least able to bear it...The paper-money system may be used as an engine to undermine your free institutions, and those who desire to engross all power in the hands of the few and to govern by corruption or force are aware of its power and prepared to employ it...The mischief springs from the moneyed interest derives from a paper currency which they are able to control...
The distress and sufferings inflicted on the people by the bank are some of the fruits of that system of policy which is continually striving to enlarge the authority of the Federal Government...You have already had abundant evidence of the banking institution's power to inflict injury upon the agricultural, mechanical, and laboring classes of society..."
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News Link • Legislative Mischief Senate Democrats give up on earmark-laden spending bill 12-16-2010 • Washington Post Senate Democrats on Thursday abandoned their efforts to approve a comprehensive funding bill for the federal government after Republicans rebelled against its $1.2 trillion cost and the inclusion of nearly 7,000 line-item projects for individual lawm Read Comments • Make a Comment • Email this News Link • Send Letter to Editor |
News Link • Precious Metals Ron Paul: Fed ‘monopoly’ could be broken if Americans use gold, silver as currency 12-16-2010 • RawStory.com As the incoming chairman of the House monetary policy subcommittee, Rep. Ron Paul (R-TX) will hold the bully pulpit when it comes to the nation's money woes. Read Comments • Make a Comment • Email this News Link • Send Letter to Editor |