The National War Tax Resistance Coordinating Committee (NWTRCC) is a coalition of pacific groups in the United States that are refusing to pay taxes. They were founded in 1982 as a reaction to the election of Ronald Raegon. Tax resistance originally become popular during the Vietnam War protests.
They NWTRCC published an online guide detailing several methods on how to refuse to pay taxes. This includes filing out a 1040 form and only pay a certain percentage of your income, earning below the threshold of taxable income or just refusing to file tax returns. They also encourage sending in letters protesting overseas wars with in addition to your tax forms.
While the IRS has a fearsome reputation, putting your tax debt into collections is their typical course of action for low income earners. The list of war tax resisters that have been sent to jail is rather short, and many convictions are due to not so modest tax debts. The most recently convicted resister was Joseph Olejak for $240,000 in back taxes. If you own property, there is also a chance of confiscation.
With the election win of Donald Trump, there is an increasing amount of tax resisters protesting the new administration’s immigration policy. In an article in TheGuardian, the NWTRCC claims that the traffic to their website has more than doubled since Donald Trump’s inauguration.
Even the Nobel “Peace” Prize winner Barack Obama left behind the biggest defence budget with the largest national debit in world history. Donald Trump has promised to increase the defense budget by even more.
1. Increased Warfare Spending
Both Democrats and Republicans alike have kept the military industrial complex alive. Although winning the Nobel Peace Prize, Barack Obama had increased drone strikes and illegally intervened in Libya and Syria.
Donald Trump promised to increase military spending during his campaign. The country’s debt is nearing $20 trillion and the annual defence budget is the primary culprit.
2. Trump appointed the anti-pot Jeff Sessions as attorney general
The future of legalized medical and recreational marijuana may be at risk since Jeff Sessions has a firm stance against legal marijuana. He has even made the statement “Good people don’t smoke marijuana” during a Senate hearing.
The federal government has the power to convict medical or recreational marijuana sellers in states that have legalized it. It is uncertain if Sessions will influence the Trump administration to ramp up the war on drugs.
3. Building The Great Wall
Appealing to the xenophobic nature of many Americans, Donald trump promised t build a complete wall on the border with Mexico. This wall is estimated to cost anywhere between $15 to $25 billion including maintenance costs and land acquisition. There is no guarantee that this will significantly reduce illegal immigration nor will it cause menial labor jobs to return to American citizens.
Not only does trump want to build a pricey wall, he wants to bully a developing country (Mexico) into paying for it. It is doubtful that Mexico will ever agree to pay for it.
4. Increasing Import Tariffs
Donald Trump claimed that he would be in favor of import tariffs on Chinese goods as high as 45 percent. This will no doubt increase the price of goods in the United States and damage business relations. Cheap electronics in the United States is one of the few luxuries that their citizens have. Canadians even cross the border to go shopping since import taxes and VAT have ruined the prices up north.
The original intention of FATCA was to prevent overseas money laundering and tax evasion by the ultra wealthy. Unfortunately, the regulations have mostly impacted the finances of middle class Americans and banking institutions of developing countries.
Banks that fail to comply with FATCA regulations may be hit with a 30% on US based transactions. Many banks around the world have decided to turn their backs on American customers due to the bureaucratic headache.
The financial institutions of Caribbean nations cannot simply ignore FATCA since their economies are heavily invested in international finances. The regulations have caused capital to move away and has decreased the flow in international investments.
The United States have black listed 15 Caribbean nations as tax havens. Some US have cut off or restricted services to these countries because of this.
Antigua & Barbuda became the most recent nation to give into the demands of FATCA. All American owned bank accounts with over $50,000 will now be reported.
Kamla Persad Bissessa, a politician from Trinidad and Tobago, had written a letter by hand reminding Donald Trump to repeal FATCA. Trump had made remarks about repealing FATCA, but we are left waiting to see whether or not he will deliver.
Senator Rand Paul previously introduced a bill to repeal FATCA, but was ultimately shut down by the Democrat dominated Senate. With the hypocritical two party system, we may never see such a bill come to life again.
The far right ring prime minister of Hungary, Prime Minister Viktor Orban, announced that they will offer refuge for Western Europeans that feel persecuted by their governments.
The Hungarian government definitely stands out amongst their EU peers when it comes to immigration. Instead of openly accepting Middle Eastern refugees, they will be sent to make-shift detention camps while their immigration status is assessed.
In a similar fashion as Donald Trump, Orban promised to build a razor wire fence along the entire border with Serbia. Hungary is now considered to be a transit country for Afghans and Africans seeking refuge in cozier Western European governments.
Hundreds of thousands of immigrants have poured into Europe thanks to generous immigration policies and benefits handed out by many EU countries.
PM Orban had also accused the billionaire George Soros of manipulating the politics of his country. He is calling for the identification and transparency of political groups receiving direct funding from Soros.
Political think tanks of Europe fear that the state of the union address of Hungary will set a precedent for nationalism and neo-right politics in Europe.