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MECHANICS OF THE FEDERAL INCOME TAX





GRACE COMMISSION REPORT- INCOME TAX AND                           THE NATIONAL DEBT

The Federal Income Tax was studied by the Grace Commission in 1982. The Grace Commission determined the Federal Income Tax pays 99% interest on the debt with only 1% going to real infrastructure. The Federal Reserve Bank owns a majority of the debt, which they create from their own currency. Inflation is the result of abundant currency and debt circulated into the economy.

Information about the entire income tax process is in Chapter 9 of the book "Rediscovering the Constitution in the 21st Century."

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