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THIS VERSION OF THE VIDEO IS IN TWO PARTS

Cracking The IRS Code - It’s Time For The TRUTH to be REVEALED! - Part 1

A Crash Course In The Surprising REALITY Of The Income Tax.

Think if you get paid for working you earn “income” and owe income taxes? The IRS might want you to think so, but don’t assume you do-learn what the law actually says. It might not say what you think it does.

Peter Eric Hendrickson, author of “Cracking the Code-The Fascinating Truth About Taxation In America”, explains what the federal income tax really is and who it really applies to.
After watching this you should understand why we don’t need the so-called “FairTax”.

In part two you’ll learn about readers of “Cracking The Code” who have received a refund of everything withheld from their pay in federal, state, social security, and medicare taxes.

So far, readers of the book–now in its eighth printing–have retained or taken back a total of nearly three million dollars from federal and state governments.

Part Two is here:

http://www.youtube.com/watch?v=gjQB7F_TVlI

There’s more information at:

http://www.losthorizons.com

NOTE: some readers’ comments at the end of part two have been edited out. The full revised video is at:

http://video.google.com/videoplay?docid=-883599186312261914&hl=en

FOR ADDITIONAL INFORMATION AND EDUCATION REGARDING THIS LARGELY MISUNDERSTOOD TOPIC:

LEARN WHY THE PAPER WORK REDUCTION ACT IS A PROPER DEFENSE FOR NON FILING OF THE IRS FORM 1040

http://www.citizensoftheamericanconstitution.org/IRS/1040_checkmate.htm

http://www.truthaboutax.com/site/1515517/page/636125

http://www.tax-freedom.com/ta04001.htm

http://www.tax-freedom.com/ta04003.htm

SEE ALSO BELOW FOR MORE INFORMATION REGARDING THE DECEPTIVE PRACTICES OF THE IRS:

http://www.truthaboutax.com/

http://www.truthattack.org/

http://www.supremelaw.org/authors/cooper/cooper.htm

http://www.supremelaw.org/

http://www.amerocurrency.com/USvsUSA.pdf

http://www.thelawthatneverwas.com/new/ratification.asp

http://famguardian.org/Publications/GreatIRSHoax/GreatIRSHoax.htm

Now Comes The Cover-Up: June 2004
Income Tax Documents Missing From National Archives Operation “What’s Left?”

http://www.givemeliberty.org/RTPLawsuit/Update06-17-04.htm

Duration : 0:10:0

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Cheney the Target of Torture Investigation; Congress Subpoenas Federal Reserve; New GM CEO Admits Knowing Nothing About Auto Industry; 200 Million Refugees Expected to Accompany Climate Change.

Duration : 0:4:33

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Technorati Tags: AT&T, Auto Industry, Bank of America, ceo, climate change, congress, Dick Cheney, federal-reserve, Global Warming, GM, GoLeftTV, Inconvenient Truth, INVESTIGATION, Merril Lynch, Raw Story, recession, Refugee, The Daily Left, Torture, Whitacre

We do prefer FREEDOM, give us freedom, or give us death. I am not afraid of their threats.

There has to be a different solution; this can’t be the only way. Is there not some kind of free market solution? I mean, I know that they have screwed up the free market with Fannie Mae and Freddie Mac, but won’t this bailout just screw it up more.

The Republicans need to come up with their own plan, and tell the Democrats to take it or leave it, and if they leave it, then they can pass their own Democrat Bailout Bill and be responsible for the economic outcome.

Although we do need to put this into perspective; what are we giving up and what are we to receive in return? I’m sure we all know the famous words of Patrick Henry:

“Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!”

Now we are faced with a choice of:

“Is not having an economic down turn so dear, or having all of our toys so sweet, as to be purchased at the price of chains and slavery?”

I have a feeling that if we let this happen, we’ll end up with chains and slavery, along with a bad economy, but I could be wrong.
jbranstetter04

“…We are seeing a leveraged bailout of the United States Treasury. And in the end these interests that want your money are threatening your prosperity. And the choice you face is this. You will lose potentially, your prosperity for a short period of time, at the expense of your long-term liberty. Once the federal government has got you to take that risk and pass it on to you as a quote-unquote moral hazard, they will be in the marketplace and as the free market is diminished your freedom itself is diminished. And as your Congress does not stand up to these and put forward a better plan that truly protects the taxpayers and truly has the long-term interests of the United States at heart, you will be in jeopardy of losing both your prosperity and your liberty. The choice is stark and it was put forward in the book by Doestoevsky. In the Brothers Karamazov the Grand Inquisitor came to Jesus and he said ‘if you wish to subject the people, give them miracle, mystery and authority; but above all give them bread’. And it has always been the temptation in a crisis especially to sacrifice liberty for short-term promises of prosperity. And it was no mistake during that during the 1917 Bolshevik revolution the slogan was “Peace, land, and bread.” Today you are being asked to choose between bread and freedom. I suggest that the people on Main Street have said they prefer their freedom, and I am with them. I yield back.”
- The Honorable Thaddeus McCotter - Congressman from Detroit

House to meet Thursday after rejecting bailout
GOP, Democrats argue effect of Pelosi speech on $700 billion plans failure

WASHINGTON - In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation’s financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it. The Dow Jones industrials plunged 778 points, the most ever for a single day.

Democratic and Republican leaders alike pledged to try again, though the Democrats said GOP lawmakers needed to provide more votes. Bush huddled with his economic advisers about a next step. The House was to reconvene on Thursday instead of adjourning for the year as planned.

The stock plunge began even before the 228-205 vote to reject the bill was officially announced on the House floor. The decline for the day surpassed the 721-point previous record, on the day after the Sept. 11, 2001, terror attacks, though in percentage terms it was well short of the drops on Black Monday of October 1987 and at the start of the Depression.

“We could have gotten there today had it not been for the partisan speech that the speaker gave on the floor of the House,” Minority Leader John Boehner said. Pelosi’s words, the Ohio Republican said, “poisoned our conference, caused a number of members that we thought we could get, to go south.”

Duration : 0:2:42

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Barbara Goldsmith discusses the possibility that a Bill to impose internet taxes could go through Congress very quickly. It is vital to contact your Congressmen and Senators to stop

Duration : 0:2:3

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Obaid Karki An Outcast Underdog Libertarian Diogenesist Kabbalist Spinoziste Qutbist Pantheon Hexalingual Automath Former UAE Under Secretary Independent Street-Knowledge Urban Talking-head. Unaffiliated to a State

Duration : 0:3:15

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(March 15, 2009) — 5000+ outraged American citizens took to the streets of Cincinnati, Ohio to protest what they perceive as the Obama administration’s damaging, profligate government tax-and-spend programs during what the new president has deemed an economic ‘crisis.’ Opponents of Obama’s measures claim that the Chicago pol’s policies amount to un-American socialism.

Duration : 0:2:11

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THIS CLIP IS ABOUT CREDIT CARD RATES — In front of the House Finance Committee, Bankers acknowledge that they have jacked up credit card interest rates on existing balances of consumers after they have received taxpayer bail out money. Is this how they pay us back? Scumbags!

Anybody with a credit card knows how these banks have initiated double cycle billing, reduced due date times, and jacked up rates at will. Why? To keep those profits up up up to keep Wall Street happy and stock price high for shareholders. But as we now see, greed is not good and the chickens are coming home to roost.

Executives from the financial institutions who received funds from the $700 billion banking bailout faced their critics on the House Financial Services Committee on Wednesday February 11, 2009 in Washington. The chief executives at the hearing are: Kenneth D. Lewis of Bank of America, Robert P. Kelly of Bank of New York Mellon, Vikram Pandit of Citigroup, Lloyd C. Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase, John J. Mack of Morgan Stanley, Ronald E. Logue of State Street, and John G. Stumpf of Wells Fargo.

Duration : 0:5:9

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In this clip, Rep Gary Ackerman D-NewYork, confronts bankers and demands to know where the tax bailout money went?

C-span coverage of House financial services committee confrontation with America’s biggest bankers. Executives from the financial institutions who received funds from the $700 billion banking bailout faced their critics on Wednesday February 11, 2009 in Washington.

The chief executives at the hearing are: Kenneth D. Lewis of Bank of America, Robert P. Kelly of Bank of New York Mellon, Vikram Pandit of Citigroup, Lloyd C. Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase, John J. Mack of Morgan Stanley, Ronald E. Logue of State Street, and John G. Stumpf of Wells Fargo.

Duration : 0:4:9

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FUNNY! This clip is focused on Rep. Michael Capuano who rips into America’s biggest bankers for all the risky investment vehicles they created and lost huge sums of money on. No mention if Mr. Capuano was involved in the de-regulation that led to the creation of those financial instruments. Do you know? Details please!

Executives from the financial institutions who received funds from the $700 billion banking bailout faced their critics on the House Financial Services Committee on Wednesday February 11, 2009 in Washington. The chief executives at the hearing are: Kenneth D. Lewis of Bank of America, Robert P. Kelly of Bank of New York Mellon, Vikram Pandit of Citigroup, Lloyd C. Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase, John J. Mack of Morgan Stanley, Ronald E. Logue of State Street, and John G. Stumpf of Wells Fargo.

Duration : 0:5:31

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Candidate for Congress Tom Geoghegan calls on Bank of America and all banks receiving bailout money to suspend home foreclosures.
February 5, 2009.

Duration : 0:1:53

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Technorati Tags: bailout, congress, foreclosure, Geoghegan", IL-05, tarp, tom