You may have heard rumors about a new tax law born out of H.R. 2847 that was passed in March 2010 and will become effective July 1, 2014. The rumors indicate that this law will collapse the dollar and the U.S. economy.

No credible source that isn’t an investment firm trying to scare potential customers into forking over money for a newsletter subscription, is seriously maintaining that a law passed four years ago will collapse the entire U.S. economic system, destroy the American way of life, and lead to the imposition of martial law.

Again, these are rumors that are designed to get you to pay $149 for a one year subscription to a newsletter. If the “world was coming to an end” on July 1st, the market would have reacted far before now.