Yiipppeee!! 100 years of serfdom.
The fraud continues....Guess what the standard exemption was in 1913? That will tell you who was taxed and on what.
Don’t worry. It’s just temporary.
The 16th and 17th were two of the most devastating amendments to the constitution.
Perfect examples of why you don’t have constitutional conventions when Washington is full of progressives.
In a paper entitled: “The Macrcoeconomic Effects of Tax Changes” published by the prestigious American Economic Review in June 2010 (during her tenure at the White House), she stated: “In short, tax increases appear to have a very large, sustained, and highly significant negative impact on output.”
...The Romers’ baseline estimate suggests that a tax increase of 1% of GDP (about $160 billion in today’s economy) reduces real GDP by 3% over the next 10 quarters.
The four worst socialists presidents we ever had were Wilson, Roosevelt, Johnson, and Obama.
Makes on wonder how the nation survived without a tax from 1776 to 1913.
IMO, more damaging than the income tax itself was the artifice adopted that allowed surreptitious collection of it.
The Curse of the Withholding Tax
http://mises.org/daily/1797
http://en.wikipedia.org/wiki/Beardsley_Ruml
A Tax-every-cent-ennial.