ATTENTION- INFO on why GOV. Shutdown doesnt affect the U.S. POSTAL SERVICE! According to the laws under which it now operates, the U.S. Postal Service is a semi-independent federal agency, mandated to be revenue-neutral. That is, it is supposed to break even, not make a profit. In 1982, U.S. postage stamps became "postal products," rather than a form of taxation. Since then, the bulk of the cost of operating the postal system has been paid for by customers through the sale of "postal products" and services rather than taxes! The USPS is created as a government agency under Title 39, Section 101.1 of the United States Code. THE Postal Service takes on some several very non-governmental attributes via the powers granted to it under Title 39, Section 401. All of which are typical functions and powers of a private business. However, unlike other private businesses, the Postal Service is exempt from paying federal taxes. USPS can borrow money at discounted rates, and can condemn and acquire private property under governmental rights of eminent domain.
Posted on: Fri, 04 Oct 2013 21:11:21 +0000
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