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Thread: 12 USC 531 exempts Federal Reserve from taxes effective 10/1/23

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    Militant Wing of the Salvation Army midnight rambler's Avatar
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    12 USC 531 exempts Federal Reserve from taxes effective 10/1/23

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    Great Value Carrots
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    Re: 12 USC 531 exempts Federal Reserve from taxes effective 10/1/23

    Federal reserve banks, including the capital stock and surplus therein and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate.

    (Dec. 23, 1913, ch. 6, § 7(c), 38 Stat. 258; Mar. 3, 1919, ch. 101, § 1, 40 Stat. 1314; Pub. L. 103–66, title III, § 3002(c)(2), Aug. 10, 1993, 107 Stat. 338.)


    History of 12 USC 531shows it has been so since 1913.

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    midnight rambler (9th October 2023)

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    Re: 12 USC 531 exempts Federal Reserve from taxes effective 10/1/23

    Of course you always have the option of requesting a private law from your congressman that makes your income nontaxable.

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    midnight rambler (24th October 2023)

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    Iridium monty's Avatar
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    Re: 12 USC 531 exempts Federal Reserve from taxes effective 10/1/23

    Quote Originally Posted by ziero0 View Post
    Of course you always have the option of requesting a private law from your congressman that makes your income nontaxable.
    My income is non-taxable. The federal income tax is an excise tax on a federal privilege or federal activity https://synapticsparks.info/tax/evid.../page2580.html

    Federal Register March 1943, Page 2580
    The only thing declared necessary in the Constitution & Bill of Rights is the #2A Militia of the several States.
    “A well regulated militia being necessary to the security of a freeState”
    https://ConstitutionalMilitia.org


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    Ares (28th October 2023),midnight rambler (24th October 2023)

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