The Peter Schiff Show Podcast cover image

Dollar Breakdown Confirms Lower Inflation Is Transitory - Ep 907

The Peter Schiff Show Podcast

00:00

The Importance of Income Taxes in the US

The 16th Amendment doesn't give the government unlimited taxing power to tax whatever it wants directly without a poor shipment. The internal revenue code doesn't even define income, which is how the government usurps power. If you want to tax wealth, well, that's a direct tax. You have to amend the constitution. It's unconstitutional to call it income.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app