The IRS Deception: How Biden's Tax Traps Are Sabotaging American Prosperity

--------------------------------------------------------------- Sponsor Message [Energy Storage Trend Ignites Frenzy Over Vanadium Supply]( [See how investors could benefit from domestic vanadium discoveries.]( --------------------------------------------------------------- The $2.5 Billion Taxman Trap Folks, there's something brewing in Washington that should have every hard-working American's blood boiling. It's a multi-billion-dollar scheme straight out of the radical left's playbook - a costly government overreach designed to dig even deeper into your pockets. The culprit? Biden's so-called "Inflation Reduction Act" which ordered up a $2.5 billion program over 10 years for the IRS to develop a "Direct File" system. Their plan is to let you file taxes directly with the IRS instead of using free private options. Sounds harmless, right? Wrong. State financial watchdogs from 18 states are ringing the alarm bells. They call Direct File "a solution in search of a problem" - an utterly pointless drain on $2.5 billion in taxpayer money just to recreate services already provided better by the free market. Even the IRS's own study partner admitted barely 15% would use this duplicate system over what's already available. A quarter of our nation sees right through this big government con job. Punishing Lower-Income Families But the deception runs far deeper. State officials warn Direct File has "potential to do more harm than good" - especially for lower-income Americans just trying to keep their heads above water. How? By tricking these vulnerable families into thinking they've filed all their taxes through the IRS system when in reality it only handles the federal portion. Many would miss their state filings, forfeiting refunds their bare-bones budgets were depending on. Worse, they could then face audits, fines, and penalties - the taxman's twisted idea of "properly preparing" their returns. This IRS boondoggle isn't just wasting billions, it's risking the financial security of our nation's most vulnerable households. --------------------------------------------------------------- Sponsor Message [Bezos and Gates Invest in Search for Tech's Best-Kept Secret]( who've made their fortunes in tech, are quietly investing in essential yet rare elements known as "The Seeds of Technology". Learn more about this massive rare earth treasure hunt and the very elements making emerging technologies possible. [Investor Alert: Discover a company flying-under-the-radar at the forefront of this megatrend.]( --------------------------------------------------------------- Trampling State Rights Speaking of states, the bureaucrats pushing Direct File have zero regard for their sovereign authority over tax administration. The program is backhanded federal overreach plain and simple. It mercilessly wades into state taxation while refusing to process state returns - a catch-22 of incompetence. This unfunded mandate would then force strapped state budgets to reallocate precious resources toward enforcement just to clean up the IRS's mess. So much for respecting our system of fiscal federalism. This Washington invasion strips states of their constitutional rights while leaving them to deal with the aftermath. All for what? Replicating services that function just fine through the free market system. --------------------------------------------------------------- Sponsor Message [URGENT: Don't risk your retirement]( looming recession, inflation, unpayable debt, a failing dollar, and a crumbling housing market all put your savings in extreme risk. Protect your retirement with this free guide that shows you how to guard your money against economic downturns with gold. Take action NOW, before it’s too late, Download your free guide and see for yourself why gold is the #1 safe haven for smart investors. [Protect your retirement with this free gold guide]( --------------------------------------------------------------- Our Financial Futures at Risk Make no mistake, as investors we cannot afford this level of cronyism and fiscal negligence from our government. Every billion misspent is another hit to our portfolio values thanks to artificial inflation and instability for the U.S. dollar. We've already witnessed the reckless money printing and deficit spending that's put a pandemic-level strain on our nation's finances. Do we really want to double down on that losing strategy? The choice is clear - we can embrace the pro-business, pro-growth philosophy espoused by Republican leaders in those 18 states taking a principled stand. Or we can idly accept the left's descent into a centrally-planned economic disaster. For the sake of our children's futures and our own retirement nest eggs, we must rally behind the conservative frontline rejecting this blatant IRS overreach. Our prosperity simply cannot sustain any more of the D.C. swamp's wasteful spending addiction. James Reagan Editor, Contributor PoliticsAndMyPortoflio.com --------------------------------------------------------------- Sponsor Message [I Couldn't Air my Biggest A.I. Prediction]( built the indicator that Wall Street uses to find winning stocks. Now he's issuing a new prediction about the A.I. market. [Learn more here.]( --------------------------------------------------------------- PoliticsAndMyPortfolio.com Disclaimer This newsletter contains advertisements which are neither an offer nor recommendation to buy or sell any security. Content marked as "Ad," "Special" or "Sponsor" may be third-party advertisements where the advertiser is paying per click, per lead, or per sale and are not endorsed or warranted by our staff or company. SPMG, PoliticsAndMyPortfolio.com and its principles do not own any of the stocks mentioned in this email or in the article that this email links to. Please see the disclaimer on the advertiser's website for additional information, including their relationship with any mentioned security. Compensation for advertising constitutes a conflict of interest as to our ability to remain objective in our communication regarding any companies profiled. Because of this conflict, individuals are strongly encouraged not to use this newsletter as the basis for any investment decision. This newsletter may contain information regarding investment ideas and third-party ratings regarding specific securities. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. SPMG, PoliticsAndMyPortfolio.com nor its principals are FINRA-registered broker-dealers or investment advisers. The content of this email should not be taken as advice, an endorsement, or a recommendation from SPMG or PoliticsAndMyPortfolio.com to buy or sell any security. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. The content in this newsletter or email is not provided to any individual with a view toward their individual circumstances. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. [If you are not a human, click here.]( By opening this email or clicking any links contained, you are reconfirming your opt-in status. You can unsubscribe at any time by clicking the link below in the footer. This is part of your free subscription to PoliticsAndMyPortfolio.com 1519 Mecklenburg Hwy Unit 4 | Mt. Mourne | NC | 28123 | United States | 877 411 9808 [Please Click Here To Unsubscribe](