Last I checked, home phone bills still included a tax originally placed to pay the bills for WWI.
People are looking for what ought to be sought as the grace of God, from a secular, godless government that can only be a kind of Robin Hood. God has no problem with “free” when the giving is voluntary, and His own giving in this land has been immense — but know-it-all, self-important regulators have tried to fence it all in and choke off the access.
‘when the top income tax bracket was as high as 90 percent’,
Why oh why do we keep this nonsense up. At Ben and Jerry were able to explain that the total earned income was not subject to the top tax bracket.
Still the US Fed only collected less than 20% of GDP in taxes even at that rate. (Hauser’s law) Now it’s 26.9% and it’s still not punishment enough.
Unsustainable...
It would be interesting to learn what percentage of that 7% are elected criminals and so called public servant bureaucrats both appointed and life tenants...
My guess would be in the high double digits... at all levels of government.
“Two-thirds of Americans do not have any taxable income. The most recent IRS data shows that Americans earning over $100,000 per year pay roughly 80% of all taxes in America. This means that roughly seven percent of our nation pays the overwhelming majority of everyone else’s government expenses.”
With the Grace of God, hard work, and creating/maintaining the skills needed by those, who paid our salaries.
My wife and I, in our late 70’s, have been and are still part of that 7% thanks to our 401k/IRA investments and money management skills. Also, we spent our money wisely and not wasting it. Our adult children, many of our nieces, and nephews are in that 7%, and they are doing the same money management and investments their parents and we did.
Praeto’s Principle re 20% of the people providing/producing 80% of the results, thanks to PC ism and our harsh taxes has reduced, with the real providers from 20% in America to 7% of the providers/workers.
Many of our younger relatives in their late 40’s to early 50’s are considering doing what many of their parents and I did.
They may be dropping out of the grind in their late 50’s to early 60’s. Then, they will do consulting or part time work. This is due to their tax burdens and job demands to produce to pay for the PC drones not producing where they work.
The worst part: the government is taking in more revenue than it ever has in history, and still, in a couple more years deficits will be back up to a trillion dollars a year.
I am embarrassed to ask, having visited Free Republic regularly since August of 1998, and having suffered through several versions of site software.
How do I create a link to this Freeper thread post directly? Thanks in advance.
In the meantime, here is a link to the original article, which may or may not be "permanent."