Loading ...USA – The Federal Reserve Banks ARE NOW EXEMPT FROM TAXATION
You Are LITERALLY Owned & Ruled By The Fed/ Central Banking Cartel
“Bet you didn’t know this. 12 USC 531 exemption from taxation under uscodehouse. gov. In effect, October 1st, 2023. Exempt from taxation, federal reserve banks, including the capital stock and surplus therein, and the income derived, therefrom shall be exempt from federal, state, and local taxation. Ain’t that a b*tch.”
In looking up on google it is confusing as to when this was enacted. Yes, it is effective 10/3/2023 but not clear which of the past amendments granted the tax exempt status. Either way it means this whole “hike until something breaks” was purposeful as the FED must be buying up all kinds of instruments including the underwater long term bonds they took in when they bailed out the banks. If they soon cut rates in the face of a crisis(that they created) they will see large gains on those long term securities that they can sell for huge profits and have no tax liability. Has anyone ever researched annual bonuses at the Fed banks received by their top executives?