Section 9006 will ignite the TAX REVOLT!

Johanns said in a prepared statement that Section 9006 “threatens to swamp as many as 40 million businesses, churches, non-profits and other entities with useless tax-reporting paperwork, consuming valuable resources and limiting their ability to grow and hire more workers.”

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Congress in their hubris to grab more money to fund ever more socialism has crossed an invisible line in the sand with Section 9006 in the Patient Protection and Affordable Care Act.

Faced with unbearable overhead compliance costs combined with the market impact of having to track clients and/or issue them 1099 forms; the TAX REVOLT will start in 2012 among the thousands of Coin Dealers operating in the united States of America, unless legislators join Sen. Mike Johanns (R-Neb.) in a full repeal that new 1099 requirements.


HOW THE TAX REVOLT WILL START

Coin dealers and their customers are not your average dumbed down media lemmings.

This group is unique in that many among them have studied economic history and tax laws.

More than a few are keenly aware of the big income tax secret.

The secret that most income tax is collected by tricking gullible folks into a taxable act.

The IRS has bemoaned for eons about the non-filers who refuse to be tricked and owe no taxes.

Such non-filers are not ‘illegal tax evaders’ but rather ‘legal tax avoiders’.

The rub is that many gold and silver buffs know the tax laws and how to legally avoid taxes.

Some of these gold and silver buffs own and operate coin dealerships.

Two powerful forces are going to act to cause surviving coin dealers to let the tax trick out of the bag.

The first force is market share. The few dealers who offer their customers a choice of signing either a Form W-9 (the declaration of taxable income ‘opt in’ form) or a duel statement of citizenship (the income reporting ‘opt out’ form); are going to capture a lions share of the market as no client wants a 1099 at the end of the year.

The second force is market survival. The remaining dealers who wish to survive and stay in business will be forced to compete by learning about the income tax trick and offering their clients the ‘opt out’ form as well.


HOW THE TAX REVOLT WILL GAIN MOMENTUM

As more and more people wake up to the fact that they have been tricked into an onerous income tax system and discover how to ‘opt out’ of it.

The ‘self employed’ serfs will learn how to ‘opt out’ on trade income and become non-employed proprietors.

As more and more people are added to the ranks of legal non-filers word will spread like wildfire to regular private sector employees.


HOW THE TAX REVOLT WILL KILL THE U.S. DOLLAR

The U.S. Debt is backed by the interest paid by INCOME TAXES.

As more and more people learn how to legally ‘op out’ of the income tax system, tax revenues will drop like a stone.

U.S. creditors will smell the inevitable default and bail out of U.S. debt altogether, which will be the last nail in the coffin of the green back.


TIME FRAME

Unless Congress gets its head around these cause and effect realities and repeals Section 9006 before it becomes effective, the U.S. Dollar is likely to expire within three years as a globally traded monetary unit.