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Playing the Numbers

Playing the Numbers A brief history of U.S. government's misadventures, mishandling and misuse of YOUR tax dollars How it all began A Timeline of Government Tax Collections 1791-1802 Internal taxes on distilled spirits, carriages, refined sugar, tobacco and snuff, property sold at auction, corporate bonds, and slaves. SUGAR 1812 The high cost of the War of 1812 brought about the nation's first sales taxes on gold, silverware, jewelry, and watches. 10 1817 Congress did away with all internal taxes, relying on tariffs on imported goods. 1862 To support the Civil War effort, Congress enacted the nation's first income tax law. - 3% for incomes up to $10,000 - Additional sales & excise taxes - "Inheritance" tax - Commissioner of Internal Revinue 1866 Internal revenue collections reached their highest point in the nation's 90-year history-more than $310 million. Ăn amount not reached again until 1911. COURT JNITE UPREME ONGHS 1894 EUNUS Congress revived the income tax, but the Supreme Court ruled it unconstitutional in 1895. STATES SEAL Wek Yeople STATE 1913 16th Amendment gives Congress the right to enact an income tax RT OF 1% for incomes over $3,000 ESS CONGR 6% surtax for incomes over $500,000 Form 1040 debuts STATES SEAL 1918 During World War I, the top rate of the income tax rose to 77 percent to help finance the war effort. NEW 1924 Tax rate dropped sharply in the post-war years, down to 24 percent, and rose again during the Depression. 1950's The Bureau of Internal Revenue was renamed the Internal Revenue Service and reorganized to replace a patronage system with career, professional employees. Slippery Slope: Scandals, Embarassments, and Corruption 1951 66 Internal Revenue agents dismissed for extortion and taking bribes 1960 JFK prompts IRS to challenge tax exempt status of conservative groups UNITERY 1964 Disclosure of personal tax info ends FBl attempt to discredit the United Klans of America OF 1968 FBI directs IRS to investigate 35 activists 1969 Nixon encourages secret IRS program to audit his oppone nts PANTHER 1974 Since 1966, FBI obtained around 200 tax returns - mainly black nationalists and anti-Vietnam War activists PANTHER POWER BLACK PANTHER PARTY A FannieMae Freddie Mac Taxpayer bailouts for government-sponsored 2000 Fannie Mae and Freddie Mac 2001 Study published revealing the percentage of audits are "markedly lower in states that are important to the sitting president's re-election aspirations." DOD and DHS statements are such a mess, they can't be analyzed 2011 by the Government Accountability Office 2013 IRS openly targets the Tea Party and other conservative groups Tea 4680 changes Party to the US tax code over the past 12 years "9/12" patriots' The current tax code is 74,000 pages long 1000 pages) Military Madness For the past several years the U.S. Government Accountability Office (GAO) has struggled to complete audits on the Department of Defense (DOD) "Serious financial management problems at the DOD have made its financial statements 2011 unauditable." "[The GAO] cannot render an opinion on the 2012 consolidated financial statements of the federal government because of 2012 widespread material internal control weaknesses, significant uncertainties, and other limitations." The problem continues to spread ... DHS budget (Dept. of Homeland Security) DOD budget 2013 $799.1 billion $48.7 billion unaudited State and Local Abuse Coast - to - Coast 2013 California 2000 Conneticut The Conneticut Resources Recovery An accounting error which began in 1996 snowballed to Authority (CRRA) gives Enron $220 million for monthly return of 1% $20 million in hidden funds (it was determined no crime occurred, (or would have had Enron not gone bankrupt in 2001) so no charges were filed) Brought to you by: misuse-audit-power-against-conservatives-groups started-accounting history-of-abuse/ 276536/ taxpaye.aspx 2531115 Tony Capaccio, "Pentagon Paid $998,798 to Ship Two 19-Cent Washers," Bloomberg, August 16, 2009, at apps/news?pid=20601070&sid=aY50Q5xv9HR8 (October 5, 2009) Associated Press, "Commerce Reports Losing 1,137 Laptops," September 21, 2006, at 20060921-115116-5387r/print (October 6, 2009) government-spending-2458184.html UNITED THE UNITED LOF THE OF THE UNITED FOR DEAL Truman Eisenhower JFK Carter Ford Nixon LBJ Regan Bush Clinton GW Bush Obama KLANS a PARTY 32% of cases

Playing the Numbers

shared by edgarrr on Sep 13
A brief history of U.S. government's misadventures, mishandling and misuse of YOUR tax dollars.


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