TUIB...I believe you got lost on your way to DU. You wrote “But it will be small. Like 1/4 of 1% on earned salary”
You have to be kidding, right?
Income Tax: In 1913, the top tax bracket was 7% on all income over $500,000 ($11 million in today’s dollars); and the lowest tax bracket was 1%. “It will never go higher” said the pols.
Social Security: In 1937, it was 1% on the first $3,000 of income. “It will never go higher” said the pols. Prior to 1991, Social Security and Medicare contributions were combined in a single tax.
Medicare Tax: In 1991, it was 1.45% on first $125,000 of income. “It will never go higher” said the pols. Now it is 1.45% on all income and an additional 0.9% over $200,000.
California Sales Tax: In 1933, California introduced its sales tax at a rate of 2.5%. “It will never go higher” said the pols. (LA County is now 10% on EVERYTHING you purchase).
Pardon me for being blunt, but you are naive.
How about we get back to people taking care of themselves and not the nanny state which saps more of our freedom every day of the year?
I hear you. Believe me, I work in the tax field for a living. I never want to give Pols another tax stream because they will always raise it as you so aptly show.
BUT... none of those taxes are backed by Constitutional Amendment to be permanently capped. If you tell me they will easily vote to AMEND the Constitution to increase a tax, well then I’d agree with you.
And I also don’t disagree with your self-care statement but there are people that truly CANNOT take care of themselves. They are not all welfare drains. Yes, I sound like a Dem. But I do think our humanity compels us to help them. Some people need more than a casserole or barn raising.