Friday, December 20, 2013

CAPITAL GAINS TAX ON EXCHANGES ----- BOGUS BS?

Submitted as a comment by an astute reader

These guys crack me up. CAPITAL GAINS TAX. Let"s see. Title 26 (Actually all USC titles H.R. 10000) was supposedly written into "LAW" (Statutes at Large in the Congressional Record) on 7 December 1925. Small problem with that. Vol 43 of the Congressional Record last act passed was on 4 March 1925. Vol 44 of the Congressional Record (when the Congress resumed) the 1st act passed was on 16 December 1925. Riddle me this : How is an act be passed into "LAW" when the Congress is not in session and when ONLY the House of Representatives passed the act. There is NO RECORD of the Senate passing the Act or the President signing, veto-ing, or allowing passage without signing. Even if they all were on-board, it's not "LAW" until it is recorded in the Statutes at Large of the Congressional Record at the time the ACT was so passed. That means all the USC Titles apply only to Government Officers and employees as administrative rules of the corporation. Not to Joe Bag-O-Donuts, Johnny Six-Pack  

2 comments:

Anonymous said...

Bravo! Bravo! Bravo!

Anonymous said...

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