T
Tom Del Rosso
Guest
jlarkin@highlandsniptechnology.com wrote:
It was created at the same time as the Federal Reserve so the money
could be printed and let loose into the private sector and then pulled
back by taxation, so it couldn't be so limited because it had to
transfer the money back. Any resemblance to the definition of money
laundering is coincidental.
Pity that when the income tax was created, there wasn't a limit. If a
max of, say 10% had been suggested, the country would have gone into
an uproar over such an absurdly large future tax.
It was created at the same time as the Federal Reserve so the money
could be printed and let loose into the private sector and then pulled
back by taxation, so it couldn't be so limited because it had to
transfer the money back. Any resemblance to the definition of money
laundering is coincidental.