Posted on 02/03/2013 4:05:49 PM PST by Kaslin
Be wary of those asking for a VAT or flat tax. Politicians will offer that they be temporary or very small, “not even noticable,” and then they will ratchet it up.
BTW, they will promise to phase out the income tax as the flat tax ramps up. However, I betcha that we will end up with both. Some form of income tax AND a flat tax. Sort of a two for one deal.
Franklin
He doesn’t hold a candle to the presidents who gave us the Federal Reserve, the income tax, popularly elected senators, Prohibition, the War on Drugs, segregated military, Social Security, the minimum wage, the “Great society”, and socialized medicine.
Lincoln belongs on that list of shame.
Okay, what was it?
It was $4000! Why is that? Because a working person’s income from his labors couldn’t be taxed. Realize what the average annual income was a hundred years ago.
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