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26 U.S.C. § 5001 imposes a tax on alcohol. 26 U.S.C. § 5005 creates the liability to pay the alcohol tax. 26 U.S.C. § 5701 imposes a tobacco tax. 26 U.S.C. § 5703 creates the liability to pay the tobacco tax. 26 U.S.C. § 4401 imposes a tax on wagering. Section 4401(c) creates a liability to pay the wagering tax. 26 U.S.C. § 1 imposes an income tax. However, there is no section that creates a liability to pay the income tax. That is not an accident. It's because the payment of the income tax is legally voluntary. The payment of those other taxes is mandatory. If anyone can find a section of the IRC that specifically creates a liability to pay the income tax, in the same way that the IRC establishes a liability to pay the alcohol, tobacco, or wagering taxes, please reply to this post with the citation.
🚨 LATEST: Fundstrat's Tom Lee says despite the S&P 500 hitting an all-time high, investors remain skeptical but expects $BTC, $ETH and MAG7 stocks to lead the next leg up.
Risk appetite among retail investors is plummeting:
Retail trading activity as a percentage of total stock volume is down to 8.1%, the lowest since Q3 2024.
This percentage has nearly HALVED since the November 2025 peak of 15.0%.
By comparison, the 2021 meme stock mania high was 11.5%.
Retail market participation is now in-line with levels seen during the 2020 pandemic and the 2022 bear market.
Meanwhile, 0DTE option volume as % of the total is down to 57%, the lowest since Q1 2025.
Retail is rushing to the sidelines.
Wall Street is selling gold and silver to retail investors:
Since Q2 2025, retail investors have bought +$70 billion in gold ETFs.
These purchases have more than TRIPLED over the last 6 months.
Over the same period, institutional investors have sold -$1 billion with outflows accelerating in late January after gold prices crashed -20% in just 3 days.
Meanwhile, silver ETFs have recorded +$10 billion in retail purchases over the last year.
Over the same time period, institutions have sold -$200 million.
Retail investors are all-in on precious metals.
JUST IN - Pentagon asks the White House to approve a more than $200,000,000,000 billion request to the U.S. Congress to fund the Iran War — WaPo
🇺🇸 TODAY: Senator Cynthia Lummis says "we are so close this time" on the crypto market structure bill, with an April markup expected after Easter recess.
BREAKING: Brent crude oil prices surge to $110/barrel after Israel strikes Iran's largest gas plant.
Iran is now announcing that some Gulf energy sites are "legitimate targets."
Proud to announce that as of minutes ago, American Bitcoin (@ABTC) has passed Galaxy Digital in BTC holdings!
We now stand as the #16th largest Public Bitcoin Company on Earth!
No company is climbing the ladder faster
Up, up, up we go! 🚀🇺🇸💪