The Tax Rebate is a Fraud???

Im still here

February 9, 2008

US Government Targets Its Own Citizens In Massive Tax Rebate Fraud

By: Sorcha Faal, and as reported to her Western Subscribers

In what one Russian Economist has stated is ‘the most massive fraud in human history’, the United States has targeted its own war weary citizens for financial destruction with the passage of new law that the American people, being told by their propaganda media organs, believe will give them tax rebate checks up to $1,200.00.

Dr. Tatyana Koryagina, of Russias Ministry of Economic Development, and who accurately predicted the September 11, 2001 attacks upon America, states that this new US Law, titled “Recovery Rebates and Economic Stimulus for the American People Act of 2008”, and to be signed into law by President Bush, does not, in fact, give any money at all to the American people, but instead is a loan on taxes for money earned by US citizens during 2008.

Dr. Koryagina states that the deception by the US War Leaders against their own people is contained in the very words used in this new law, and which says: “SEC. 6428. 2008 RECOVERY REBATES FOR INDIVIDUALS...(a) In General- In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by subtitle A for the first taxable year beginning in 2008 an amount equal to the lesser of--..(1) net income tax liability, or..(2) $600 ($1,200 in the case of a joint return).”

The significance, Dr. Koryagina points out in understanding the exact wording of this new law, lies in the section name that states ‘rebate’ (a return of part of the original payment for some service or merchandise; partial refund), but in the actual wording of the law states that these monies are a ‘credit’ (an entry of payment or value received on an account) against imposed taxes for 2008.

Dr. Koryagina’s report to the Kremlin further points out that this new law is, in fact, a deceptively engineered ploy by the United States to pump billions of dollars into their failing banking system as nearly half of Americans (currently staggering under a record $2.5 trillion in personal debt), in a new poll conducted by International Council of Shopping Centers and UBS Securities, have stated they will use these checks to pay off creditors.

An American economist, Peter Morici from the University of Maryland, has also noted the odd ‘coincidence’ that the amount of monies under this new law equal the massive losses incurred by US banks from their loan debacles, and as he states:

“It’s a good thing [US stimulus package] , but it’s not enough to head off recession. We’re talking about $150 billion, so this roughly offsets what the banks have lost” in soured housing investments."

The greatest affect of this new law upon the American people, states Dr. Koryagina in her report, will be felt in 2009 when these ‘rebates’, given to them in 2008, will become due against their taxes, and which will push vast numbers of them into financial freefall.

In just one of the many examples Dr. Koryagina has complied in her report: an American married couple with 3 children would receive $1,200.00 for the man and wife with an additional $300.00 for each child, bringing the total to $2,100.00. But, with the average US Tax Refund amount being just over $2,500.00 per family, this exampled family would see no tax refund at all in 2009.

To the American people themselves there appears to be no understanding of the massive fraudulent complexities involved in the destruction of their way of life by their War Leaders, but, to the full extent of dangers posed to mankind by the monsters controlling the US they have left no doubt as to the depths of depravity they intend to plunge us all into, and as we can read as reported by the Reuters News Service in their article titled "US says no one too young for Guantanamo court", and which says:

"But a U.S. Department of Justice attorney, arguing for the prosecution, said that if Congress intended to exclude juveniles from the Guantanamo war court, it would have explicitly written that, because lawmakers knew Khadr could face charges. Instead, Congress wrote the law using the term "person," which legally refers to "anyone born alive," Justice Department attorney Andy Oldham said."

One cannot but shudder in fear for the American people having to live under such a despotic regime that sees nothing wrong with jailing “anyone born alive”, and the comparison of this US Officials statement with those of last century’s German Nazi Regime does indeed raise the specter of the wholesale jailing of American men, woman and children.

All that is needed now by the war mongering US War Leaders to totally destroy their own citizens is the total collapse of their economy, and which this new law will surely accelerate.

http://newsbusters.org/blogs/noel-sheppard/2008/02/08/cnn-deletes-line-about-tax-rebates-being-advance

http://www.whatdoesitmean.com/index1069.htm

http://www.godlikeproductions.com/forum1/message502081/pg1

***What you have here is another SCAM the govt is trying to run on the American people. You'll get this money and spend it. Then in 2009 you will not get a tax rebate as usual and the money you get will be taxed a 2nd or 3rd time. ALMOST EVERYONE WILL OWE THE GOVERNMENT MONEY IN 2009, CLOSE TO $1000. IT'S ALL A SCAM !!!!!!

****DON'T CASH THE CHECK......TEAR IT IN HALF !!!****

*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^*^^*^*^*^*^*^*^*^*^*^*^*^*^EVERY TAXPAYING AMERICAN NEEDS TO KNOW THIS. DON'T LET YOUR FRIENDS AND NEIGHBORS ECONOMICALLY SLIT THEIR OWN THROATS. TELL THEM AND EVERYONE ELSE YOU CAN ABOUT THIS AND TELL THEM TO WRITE "VOID" ON THE CHECK AND RETURN IT. THIS WILL STOP THESE BASTARDS IN THEIR TRACKS.

http://www.thomas.gov/cgi-bin/query/F?c110:4:./temp/~c110qyL7B2:e1926:

DriftingByTheStorm

This is also a VERY clever way for the government to inflate the currency and INCREASE THE RESERVES OF THE BANKS without a direct exchange between the Fed and the banks.

Actualy it works better, because it keeps the bank off the hook for the original "loan" ...

So. The govenrmen will be giving the Fed some T-Bills (of equal value to all the rebate checks, PLUS INTEREST ... which the people end up having to pay in the form of national debt) ... and the Fed gives the government all the credits it needs to pay the rebates.

The government turns the credits in their account in to rebate checks and mails them out.

Then, as the people either go out and directly deposit these checks in to the bank, or spend them at stores who in turn take their daily receipts to the bank at night, a WAVE OF REBATES HITS THE BANK VAULTS.

When the bank gets incoming deposits, it is free to use those as "reserves" on which it can tap the Federal Reserve for an aditional NINE dollars per dollar depositied and loan those 9 dollars out!

I think that this is actualy a really clever way of helping some of these struggling banks wiggle their way out of a very uncomfortable low\no\negative reserve situation.

Im still here

DriftingByTheStorm wrote:

This is also a VERY clever way for the government to inflate the currency and INCREASE THE RESERVES OF THE BANKS without a direct exchange between the Fed and the banks.

Actualy it works better, because it keeps the bank off the hook for the original "loan" ...

So. The govenrmen will be giving the Fed some T-Bills (of equal value to all the rebate checks, PLUS INTEREST ... which the people end up having to pay in the form of national debt) ... and the Fed gives the government all the credits it needs to pay the rebates.

The government turns the credits in their account in to rebate checks and mails them out.

Then, as the people either go out and directly deposit these checks in to the bank, or spend them at stores who in turn take their daily receipts to the bank at night, a WAVE OF REBATES HITS THE BANK VAULTS.

When the bank gets incoming deposits, it is free to use those as "reserves" on which it can tap the Federal Reserve for an aditional NINE dollars per dollar depositied and loan those 9 dollars out!

I think that this is actualy a really clever way of helping some of these struggling banks wiggle their way out of a very uncomfortable low\no\negative reserve situation.

but they are portraying this Rebate Check thing as a hand out from the Government for an Economic Stimulus (a helping hand)

when in reality, next year when the check comes due the mass population will realize they have been played

plus why should we pay to bailout out the people who have made bad loans?

let them pay the debt themselves.........

instead of conning the public, and stealing their income tax money next year, and having to pay the interest on something they didnt even know was a loan (a credit)

another lie perpetuated by a Government that is corrupt, and becoming more corrupt daily

people actually think the problem is Bush or the Republican Party when in all actuality the problem is so much deeper than we can even fathom.........

sponger

Uh, no...this will not reduce your refund in 2009.

When it says it's an "advance on a tax year 2008 tax credit", that doesn't mean it's an advance on the taxes or the refund. It means that there will be a stimulus credit offered in 2009 for tax year 2008, but if you received that credit in 2008, you will not be eligible for it. Conversely, if you did not receive the credit in 2008, you will still be eligible for it in 2009.

So, any refund you would have normally expected next year will not be affected.

If you don't believe me, just ask JOEJOEJOE as he is a CPA and I am sure he can break it down a little better for you.

Here's that newsbusters link that the original poster provided:

http://newsbusters.org/blogs/noel-sheppard/2008/02/08/cnn-deletes-line-about-tax-rebates-being-advance

In that link, the journalist quotes a CNN article as calling the rebate an advance on next year's refund. But, that CNN article was corrected, and it is noted in that article that the credit is an advance on a credit, not a refund.

blackredyellow

I should really start investing in aluminum... At some point, the need for all of these tin-foil hats will create a shortage of aluminum in this country.

PJGARDEN

Don't tear up the checks. You'll still pay taxes even if you don't cash the checks.

chromiam

PJGARDEN wrote:

Don't tear up the checks. You'll still pay taxes even if you don't cash the checks.

Wait did I just read something that was totally sensible??? Nah couldn't have this is the MT

farfromglorified

http://en.wikipedia.org/wiki/Hanlon's_razor

macgyver06

chromiam wrote:

Wait did I just read something that was totally sensible??? Nah couldn't have this is the MT

the question is... who is the prostitute and who is the pimp in this relationship?? you or big business?

so cash em'.... and in 5 years write a paper on how much it helped you personally... than add up all the checks that were sent out.. and write a paper on how it could of helped mankind.

Pacomc79

If you're against it, cash the check and give the money to your favorite non corporate charity. $600 buys a lot of meals at the local soup kitchen.

Im still here

sponger wrote:

Uh, no...this will not reduce your refund in 2009.

When it says it's an "advance on a tax year 2008 tax credit", that doesn't mean it's an advance on the taxes or the refund. It means that there will be a stimulus credit offered in 2009 for tax year 2008, but if you received that credit in 2008, you will not be eligible for it. Conversely, if you did not receive the credit in 2008, you will still be eligible for it in 2009.

So, any refund you would have normally expected next year will not be affected.

If you don't believe me, just ask JOEJOEJOE as he is a CPA and I am sure he can break it down a little better for you.

Here's that newsbusters link that the original poster provided:

http://newsbusters.org/blogs/noel-sheppard/2008/02/08/cnn-deletes-line-about-tax-rebates-being-advance

In that link, the journalist quotes a CNN article as calling the rebate an advance on next year's refund. But, that CNN article was corrected, and it is noted in that article that the credit is an advance on a credit, not a refund.

it means exactly that

H.R.5140
Economic Stimulus Act of 2008 (Enrolled as Agreed to or Passed by Both House and Senate)

`SEC. 6428. 2008 RECOVERY REBATES FOR INDIVIDUALS.

`(a) In General- In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by subtitle A for the first taxable year beginning in 2008 an amount equal to the lesser of--

`(1) net income tax liability, or

`(2) $600 ($1,200 in the case of a joint return).

"credit against the tax imposed" is pretty simple to understand

http://www.Thomas.gov

Im still here

Pacomc79 wrote:

If you're against it, cash the check and give the money to your favorite non corporate charity. $600 buys a lot of meals at the local soup kitchen.

Why would I cash it when the principle plus any interest due will be taken from me on my 2008 Tax return (in Jan 2009)?????

Wake Up.......

farfromglorified

Im still here wrote:

it means exactly that

Sponger is correct. There will not be a reduction in your tax rebate for 2008 taxes. The government is simply giving you an advance on a new credit that will be on your 2008 taxes.

farfromglorified

Im still here wrote:

Why would I cash it when the principle plus any interest due will be taken from me on my 2008 Tax return (in Jan 2009)?????

Wake Up.......

You have this backwards. If you throw away your rebate check now, you will lose one year of interest. Those eligible who do not receive or cash this check will then get the same amount in the form of a credit on next year's taxes.

Pacomc79

Im still here wrote:

Why would I cash it when the principle plus any interest due will be taken from me on my 2008 Tax return (in Jan 2009)?????

Wake Up.......

Because I can write off the full amount of donated money on next years taxes....

http://www.irs.gov/newsroom/article/0,,id=104347,00.html

grow up.

Im still here

farfromglorified wrote:

You have this backwards. If you throw away your rebate check now, you will lose one year of interest. Those eligible who do not receive or cash this check will then get the same amount in the form of a credit on next year's taxes.

you are missing the point

this is a "loan" against your 2008 Tax Return

all loans must be repaid, plus any penalties if you fail to pay it back

what if you aren't owed a refund next January?

then you will owe even more taxes than you already owe

cmon........

DriftingByTheStorm

farfromglorified wrote:

http://en.wikipedia.org/wiki/Hanlon's_razor

At some point one has to start realizing that stupidity becomes less and less probable.

Isn't conventional wisdom also that one learns from ones mistakes and from history?

Why then does the current government (and not this administration, but the government on the whole) ... why do they deliberately fly in the face of both history and their own previous mistakes?

I'm not gonna start pointing out all of them, but at some point they pile up so high, that one has to question if these people realy are acting out of stupidity ... or if it is indeed more sinister ...

and stupidity sure makes one hell of a good cover up.

Ever wonder why in the fuck the one son that Bush Sr. himself laughed at when the sugestion was made that he become president ... why that one son in fact became president?

Maybe the powers that be were like, "Man this fucking idiot is so bumbling, NO ONE will believe he is evil. They'll just think he's dumb."

Well sir.
I don't buy it.

Some history, and engineering a problem. ...

stupidity, or planned?
I dunno.
Just one example.

Im still here

Pacomc79 wrote:

Because I can write off the full amount of donated money on next years taxes....

http://www.irs.gov/newsroom/article/0,,id=104347,00.html

grow up.

but you will still owe it

minus your charitable contribution equals zero

sooooooooooooooo, it didnt do you a damn bit of good

did it?

farfromglorified

Im still here wrote:

you are missing the point

this is a "loan" against your 2008 Tax Return

No, it isn't. This is an advance on your 2008 Tax Return. Your 2008 Tax Return will include a new $600 credit. You can either get it now, or you can wait until 2009.

what if you aren't owed a refund next January?

Then the taxes you owe will be $600 less.

then you will owe even more taxes than you already owe

cmon........

Dude, you really aren't getting this. This law reduces pretty much everyone's 2008 tax burden. They are giving you that now in the form of an advance payment. If you don't accept this check, you'll simply get the same amount in an increased refund or decreased amount owed in 2009.

Im still here

farfromglorified wrote:

No, it isn't. This is an advance on your 2008 Tax Return. Your 2008 Tax Return will include a new $600 credit. You can either get it now, or you can wait until 2009.



Then the taxes you owe will be $800 less.



Dude, you really aren't getting this. This law reduces pretty much everyone's 2008 tax burden. They are giving you that now in the form of an advance payment. If you don't accept this check, you'll simply get the same amount in an increased refund or decreased amount owed in 2009.

source it.........

farfromglorified

DriftingByTheStorm wrote:

At some point one has to start realizing that stupidity becomes less and less probable.

One should never doubt the power of stupidity.

Isn't conventional wisdom also that one learns from ones mistakes and from history?

That would be conventional "wisdom", but it's wrong. Most people learn nothing from history.

Why then does the current government (and not this administration, but the government on the whole) ... why do they deliberately fly in the face of both history and their own previous mistakes?

Because it's popular.

I'm not gonna start pointing out all of them, but at some point they pile up so high, that one has to question if these people realy are acting out of stupidity ... or if it is indeed more sinister ...

and stupidity sure makes one hell of a good cover up.

Ever wonder why in the fuck the one son that Bush Sr. himself laughed at when the sugestion was made that he become president ... why that one son in fact became president?

Maybe the powers that be were like, "Man this fucking idiot is so bumbling, NO ONE will believe he is evil. They'll just think he's dumb."

Well sir.
I don't buy it.

Some history, and engineering a problem. ...

stupidity, or planned?
I dunno.
Just one example.

If you don't want to buy it, don't. But you'll just be another in a long line of people trying to piece together evidence of a vast conspiracy where only stupidity existed.