We explore real-life reformation here in this informed, online community.
Attention small businesses.
The Corporate Transparency Act (CTA) went into effect on January 1, 2024, to help "prosecute and deter money laundering," to "deter tax fraud," and to deter the peaceful operation of small businesses whose owners don't have time to stay current on every new complex regulation.
Lawyer Lee Phillips said that CTA requires companies to file new sets of paperwork with the Financial Crimes Enforcement Network (“FinCEN”) and are essentially being investigated for a crime. Reporting is mandatory. Failure to comply with CTA carries a maximum fine of $500 per day up to $10,000 and criminal penalties, including up to two years in prison.
Simon Black says small businesses are targeted while large, publicly traded companies are specifically exempt from reporting under the CTA. So are hedge funds, banks, and other large financial entities. Heads-up, small business owners.
"We have nothing, my dear sir, to depend on, but the protection of a kind Providence and unanimity among ourselves."
George Washington to John Adams, 1776
Psa 94:2 Rise up, O Judge of the earth; Render punishment to the proud.
Psa 94:3 LORD, how long will the wicked, How long will the wicked triumph?
Psa 94:4 They utter speech, and speak insolent things; All the workers of iniquity boast in themselves.
Psa 94:5 They break in pieces Your people, O LORD, And afflict Your heritage.
Psa 94:6 They slay the widow and the stranger, And murder the fatherless.
Psa 94:7 Yet they say, "The LORD does not see, Nor does the God of Jacob understand."
Better stay away from American universities.
"To see the extent of the gulf that now separates the American nomenklatura from the workers and peasants, consider the findings of a Rasmussen poll from last September, which sought to distinguish the attitudes of the Ivy Leaguers from ordinary Americans.
"The poll defined the former as “those having a postgraduate degree, a household income of more than $150,000 annually, living in a zip code with more than 10,000 people per square mile,” and having attended “Ivy League schools or other elite private schools, including Northwestern, Duke, Stanford, and the University of Chicago.”
"Asked if they would favor “rationing of gas, meat, and electricity” to fight climate change, 89 percent of Ivy Leaguers said yes, as against 28 percent of regular people. Asked if they would personally pay $500 more in taxes and higher costs to fight climate change, 75 percent of the Ivy Leaguers said yes, versus 25 percent of everyone else.
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