Us Tax System

Is the IRS opening a "sniper school"? No, that's not true: The IRS Criminal Investigation unit declared to Lead Stories that there is no such school opening. The claim was made in an article on a website known for fictitious content. The claim was originally found in an article (archived here) published on August 10, 2022, and titled "IRS to…

Is it true that at the beginning of June 2022 Poland annexed Ukraine? No that's not true. Such posts on social networks began to appear after the publication of a press release from the Russian Foreign Intelligence Service, in which the alleged state contract for the construction in Poland of a backup data processing center of the Ukrainian tax service…

Was the Titanic sunk intentionally in order to kill specific people who opposed a central banking system, thus clearing the way to establish the Federal Reserve? No, that's not true: This antisemitic conspiracy theory was already floating around the internet before it was promoted to followers of QAnon. There is no evidence to support this. In November 2017, a series…

Do U.S. government laws say no American can own a house or car and that all children are wards of the state? No, that's not true: According to Jeff Feldman, professor of practice at the University of Washington Law School, individuals or entities can own real property that the government does not own. Scott C. Idleman, a professor at Marquette…

Did the Biden administration develop a program that allows qualified homeowners to receive solar panels and a Tesla Powerwall battery system for free? No, that's not true: Although the administration proposed a $555 billion budget dedicated to clean energy and climate change efforts in 2021, there is no evidence of a program within that budget that would provide solar panels…

Will Social Security payments just now or in the near future be referred to as "federal benefit" payments? Not exactly: Payments from the Social Security program have been considered federal benefits since the federal government created the program in 1935. The claim appeared in a Facebook post (archived here) on August 12, 2020. The post's graphic reads: The Social Security…

Does the U.S. government want to tax unrealized gains -- specifically "equity gains" on unsold homes -- for everyday Americans? No, that's not true: If enacted, a proposed tax on unrealized gains by President Joe Biden would only apply to Americans whose net worth is $100 million or more. According to the White House, that only applies to about 0.01%…

Are a series of U.S. financial laws rattled off in a social media video the "six infinity stones" to "snap away your problems"? No, that's not true: The laws mentioned in the 54-second video define aspects of America's financial system and how it operates but the man listing them provides no context and fails to explain how any of the…

Do eight families make up a "Federal Reserve Cartel" and own the BIS (Bank for International Settlements), IMF (International Monetary Fund) and the World Bank? No, that's not true: These three institutions are not privately owned and are run by international governments, not eight of the wealthiest families in the world. Jewish control of major banks and financial institutions is…

Do users making personal payments on peer-to-peer payment systems like Cash App and PayPal have to follow a "tax rule" for transactions that exceed $600? No, that's not true: No such "tax rule" exists, only a reporting adjustment for business transactions. Although the American Rescue Plan Act of 2021 changed the reporting requirements for transactions that take place through peer-to-peer…