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A quick 3 minute comment on the Income-tax Bill passed today. #IncomeTaxBill

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Ajay Rotti

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18,447 Aufrufe • vor 1 Jahr •via X (Twitter)

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BIG 🚨 Good News for YOU 🤩 After 60 years, a HISTORIC bill is passed in Lok Sabha called Income Tax Bill 2025, replacing the old Income Tax Act of 1961. Checkout the major changes that affect YOU and Share them with everyone ✨ Comment 'Tax' for detailed report and to get official PDF of the Bill 🔗
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BIG 🚨 Good News for YOU 🤩 After 60 years, a HISTORIC bill is passed in Lok Sabha called Income Tax Bill 2025, replacing the old Income Tax Act of 1961. Checkout the major changes that affect YOU and Share them with everyone ✨ Comment 'Tax' for detailed report and to get official PDF of the Bill 🔗

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Budget today NO TAX Up to 12 Lakh it’s big surprised for middle class #Budget2025 1. There will be no income tax payable up 12 lakh 2. TDS on Senior Citizen Rs 1 lakhs plus on interest 3. TDS on Rent Rs 6 Lakhs onwards #Budget #BudgetSession #NirmalaSitharaman #IncomeTaxBill
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Budget today NO TAX Up to 12 Lakh it’s big surprised for middle class #Budget2025 1. There will be no income tax payable up 12 lakh 2. TDS on Senior Citizen Rs 1 lakhs plus on interest 3. TDS on Rent Rs 6 Lakhs onwards #Budget #BudgetSession #NirmalaSitharaman #IncomeTaxBill

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Washington State just passed a bill to tax the super-rich, for the first time ever. The top .5% will have to pay a state income tax, raising up to $4 billion every year. That money will pay for school lunches, expand a tax credit for low-income families, and fund services.
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Washington State just passed a bill to tax the super-rich, for the first time ever. The top .5% will have to pay a state income tax, raising up to $4 billion every year. That money will pay for school lunches, expand a tax credit for low-income families, and fund services.

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Everyone celebrating the IRS bill in the House needs a quick refresher on how laws are passed:
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This bill is about extending the 2017 tax relief so that American families – middle-income taxpayers – don’t have to face a $4 trillion tax hike on January 1.
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This bill is about extending the 2017 tax relief so that American families – middle-income taxpayers – don’t have to face a $4 trillion tax hike on January 1.

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The Income Tax has been deemed Unconstitutional “There's no income tax in America until the Civil War. An emergency one Lincoln pushed after the Civil War, it's repealed 1892. They try to have a peacetime income tax, it’s declared unconstitutional Woodrow Wilson pushes through the income tax, the 16th Amendment in 1913. It's a 1% tax on the top 1% richest people in the country. It's not to tax the people, it’s to go after those robber barons. The Rockefellers, Carnegies, J. Paul Getty's, the Astors. It would be sort of like today that only Warren Buffett and Bill Gates and George Soros, that's what the tax is for. And so you have Taft, pushing through a corporate income tax. And only the extreme wealthy owned corporate stock, so it was a backdoor way to get at them. Teddy Roosevelt was responsible for inheritance tax, because only the extreme wealthy had an inheritance worth leaving. But finally, Woodrow Wilson pushes through the income tax, which is the 1% tax on the top 1% richest people.” And today this is all applied to everyone It’s time to abolish the income tax
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The Income Tax has been deemed Unconstitutional “There's no income tax in America until the Civil War. An emergency one Lincoln pushed after the Civil War, it's repealed 1892. They try to have a peacetime income tax, it’s declared unconstitutional Woodrow Wilson pushes through the income tax, the 16th Amendment in 1913. It's a 1% tax on the top 1% richest people in the country. It's not to tax the people, it’s to go after those robber barons. The Rockefellers, Carnegies, J. Paul Getty's, the Astors. It would be sort of like today that only Warren Buffett and Bill Gates and George Soros, that's what the tax is for. And so you have Taft, pushing through a corporate income tax. And only the extreme wealthy owned corporate stock, so it was a backdoor way to get at them. Teddy Roosevelt was responsible for inheritance tax, because only the extreme wealthy had an inheritance worth leaving. But finally, Woodrow Wilson pushes through the income tax, which is the 1% tax on the top 1% richest people.” And today this is all applied to everyone It’s time to abolish the income tax

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On 4th of July Independence Day, you should know the Income Tax was deemed Unconstitutional “There's no income tax in America until the Civil War. An emergency one Lincoln pushed after the Civil War, it's repealed 1892. They tried to have a peacetime income tax, it’s declared unconstitutional Woodrow Wilson pushes through the income tax, the 16th Amendment in 1913. It's a 1% tax on the top 1% richest people in the country. It's not to tax the people, it’s to go after those robber barons. The Rockefellers, Carnegies, J. Paul Getty's, the Astors. It would be sort of like today that only Warren Buffett and Bill Gates and George Soros, that's what the tax is for. And so you have Taft, pushing through a corporate income tax. And only the extreme wealthy owned corporate stock, so it was a backdoor way to get at them. Teddy Roosevelt was responsible for inheritance tax, because only the extreme wealthy had an inheritance worth leaving. But finally, Woodrow Wilson pushes through the income tax, which is the 1% tax on the top 1% richest people.” And today this is all applied to everyone Let me clearly break down the order of events: During the Civil War era (1861–1872) The first federal income tax was enacted during the Civil War under Lincoln. It was a temporary wartime measure. It was repealed in 1872, The Supreme Court upheld it as constitutional in Springer v. United States In 1894 there was another peacetime attempt at an income tax. Congress passed a 2% tax on incomes over $4,000 as part of the Wilson-Gorman Tariff Act. The Supreme Court struck it down in Pollock v. Farmers’ Loan & Trust Co. They again said it was unconstitutional So next in 1913 Congress forces an income tax on us with the 16th Amendment But what else happened in 1913? The federal reserve was established We had a central banking takeover and that same year they passed the income tax to steal from all of us This should have never been allowed to happened, the income tax was ruled unconstitutional It’s time to set Americans free and abolish the income tax
1:52

On 4th of July Independence Day, you should know the Income Tax was deemed Unconstitutional “There's no income tax in America until the Civil War. An emergency one Lincoln pushed after the Civil War, it's repealed 1892. They tried to have a peacetime income tax, it’s declared unconstitutional Woodrow Wilson pushes through the income tax, the 16th Amendment in 1913. It's a 1% tax on the top 1% richest people in the country. It's not to tax the people, it’s to go after those robber barons. The Rockefellers, Carnegies, J. Paul Getty's, the Astors. It would be sort of like today that only Warren Buffett and Bill Gates and George Soros, that's what the tax is for. And so you have Taft, pushing through a corporate income tax. And only the extreme wealthy owned corporate stock, so it was a backdoor way to get at them. Teddy Roosevelt was responsible for inheritance tax, because only the extreme wealthy had an inheritance worth leaving. But finally, Woodrow Wilson pushes through the income tax, which is the 1% tax on the top 1% richest people.” And today this is all applied to everyone Let me clearly break down the order of events: During the Civil War era (1861–1872) The first federal income tax was enacted during the Civil War under Lincoln. It was a temporary wartime measure. It was repealed in 1872, The Supreme Court upheld it as constitutional in Springer v. United States In 1894 there was another peacetime attempt at an income tax. Congress passed a 2% tax on incomes over $4,000 as part of the Wilson-Gorman Tariff Act. The Supreme Court struck it down in Pollock v. Farmers’ Loan & Trust Co. They again said it was unconstitutional So next in 1913 Congress forces an income tax on us with the 16th Amendment But what else happened in 1913? The federal reserve was established We had a central banking takeover and that same year they passed the income tax to steal from all of us This should have never been allowed to happened, the income tax was ruled unconstitutional It’s time to set Americans free and abolish the income tax

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PODCAST | Tax Insight: With Jaya & Raj- A special series on the New Income-tax Bill, 2025. 2⃣EPISODE 2: What went behind the creation. 📷 Listen now & catch Episode 3 soon! Nirmala Sitharaman Office Office of Pankaj Chaudhary Ministry of Finance PIB India
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PODCAST | Tax Insight: With Jaya & Raj- A special series on the New Income-tax Bill, 2025. 2⃣EPISODE 2: What went behind the creation. 📷 Listen now & catch Episode 3 soon! Nirmala Sitharaman Office Office of Pankaj Chaudhary Ministry of Finance PIB India

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