The Income Tax and the IRS

Some people also believe that the Internal Revenue Service (IRS) has been around since the beginning of our country. The fact is the IRS was created along with the passage of the Federal Reserve Banking Act in 1913. The purpose of the IRS and the new income tax was to collect the interest on the so called loans by the FEDERAL RESERVE to the UNITED STATES government.

In 1983, J. Peter Grace was commissioned by President Ronald Reagan to investigate waste and inefficiency in the US government.

When the Grace commission completed their report, they had this to say about the income tax:

100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government.

In other words, the income tax does not pay for ANY of the services provided by government and the money is then paid into the hands of private bankers.