IRS Closing, Trump proposes eliminating payroll tax

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News Date: June 11, 2020

IRS Quietly Closing Offices During COVID-19 Crisis, But Union Says It's Not Enough.
Trump proposes eliminating payroll tax through the end of the year.
Remember NESARA Section 2. Abolishes the income tax.
Sources:nbcnews.com, forbes.com

What is the Rainbow Currency?

A rainbow currency is the real value!
The rainbow currency originates in NESARA law section 10:
Creates a new U.S. Treasury rainbow currency backed by gold, silver, and platinum precious metals, ending the bankruptcy of the United States initiated by Franklin Roosevelt in 1933.
A Rainbow Currency backed by precious metals has value unlike the actual US Dollar with no real support.
Sources:NESARA law, New Design

Stellar reveals Financial Inclusion report

Stellar Development Foundation (SDF) released a whitepaper discussing the role of blockchain technology in facilitating financial inclusion.
The whitepaper underscores the significance of financial services access for global financial inclusion, particularly in developing economies.
Despite advancements in digital payments, cash remains prevalent in emerging economies. Many unbanked adults still receive government and private-sector payments in cash, impacting financial inclusion.
It emphasizes digital payments as a pivotal entry point to formal economic participation. Despite the persistence of cash usage, transitioning to digital payments can encourage broader use of financial services.
The paper delves into the hurdles of cross-border payments and highlights blockchain's potential to address these challenges. It showcases blockchain's role in enabling secure, cost-effective transactions.
Additionally, it presents various applications of blockchain, such as facilitating cash-to-digital asset conversions, safeguarding against currency devaluation, and supporting humanitarian aid distribution.
While recognizing blockchain's promise for financial inclusion, the document emphasizes the necessity of balancing innovation with consumer protection, privacy, and financial education to ensure the creation of inclusive and secure financial systems.
Full report: stellar.org

Australian PM plans tax cuts

Prime Minister Anthony Albanese has announced plans to introduce legislation next week, promising tax cuts for every Australian taxpayer.
He emphasizes the urgency of passing the legislation promptly to facilitate a smooth transition for both employers and the tax office.
"This is legislation which will give every taxpayer a tax cut and it should receive the support of every parliamentarian," he told ABC's Insiders on Sunday.

Wisconsin ends sound money taxes

The Wisconsin Senate has passed Assembly Bill 29 to end sales tax on gold and silver purchases, following overwhelming support from the State Assembly.
Sponsored by Rep. Shae Sortwell, the bill aims to align Wisconsin with the majority of U.S. states and remove an outdated tax practice.
Advocates argue that taxing precious metals is illogical, inefficient, and unfair to investors, especially given the constitutional recognition of gold and silver as money.

XRP the Ripple force in the Federal Reserve projects

Fed Faster Payments Task Force gives Ripple vote of confidence for next gen of global payments.
Ripple's Executive Elected to Fed's Faster payments Task Force.
The desired outcomes focused on speed, security, efficiency, cross border payments, and industry collaboration.
Source:ripple.com