"Early in the film Mr. Russo, the narrator, asserts that every president since Woodrow Wilson and every member of Congress has perpetrated a hoax to tax people’s wages and issue them dubious currency. All of the federal income tax revenue, the film says, goes to these bankers to pay interest on the national debt, even though by the broadest measure the federal government’s interest payments are less than 40 percent of the individual income taxes, according to an examination of every federal budget since 1995.
http://www.nytimes.com/2006/07/31/movies/31russ.html?th&emc=thThe film opens by calling the 16th Amendment and its subsequent income tax and the Federal Reserve the product of a “silent coup d’état” in 1913 by “international bankers.” In the style of low-budget television documentaries, photographs appear on screen of J. P. Morgan, Paul Warburg and John D. Rockefeller."