November 8, 2021 - Participants Include:
Continuing our podcast series:
In this episode we continue with The Teaching of Charles Adams Lesson 3:
3. "All encompassing taxation, vests enormous power in the tax bureau, which, in time, tends to overpower not only the taxpayer but also other branches of government. Even kings and emperors had had to yield to the enormous power of their tax bureaus."
In the United States the Internal Revenue Code has become the constitution of the United States. Not only does the IRS enforce the existing laws, but US Treasury (AKA the IRS) has been delegated the authority to make regulation, after regulation after regulation.
Through "citizenship-based taxation" the US imposes its tax code on individuals who live in other countries. Therefore, the IRS impacts the lives of people outside the United States all day every day!
The FATCA IGAs have caused the kings/emperors of other countries to yield to the enormous power of the US tax bureau.