Posted on 12/28/2020 1:26:38 PM PST by ammodotcom
The American Revolution was sparked in part by unjust taxation. After all, the colonists in Boston rebelled against Britain for imposing “taxation without representation,” and summarily tossed English tea into the harbor in protest in 1773.
Nowadays Americans collectively spend more than 6 billion hours each year filling out tax forms, keeping records, and learning new tax rules according to the Office of Management and Budget. Complying with the byzantine U.S. tax code is estimated to cost the American economy hundreds of billions of dollars annually – time and money that could otherwise be used for more productive activities like entrepreneurship and investment, or just more family and leisure time.
The majority of these six billion hours sacrificed by Americans to Washington each year goes to complying with a tax that didn’t even exist until 100 years ago – the federal income tax.
Worse still, this tax has become a political weapon for Washington to incentivize certain activities (home ownership, charitable giving, etc.) and to punish others. It’s a tax that follows Americans wherever they go in the world, and it’s one that was originally sold to the American people by President Woodrow Wilson as a means of “soaking the rich” during the so-called Gilded Age.
How did a country that was founded on the concept of limited government come to embrace such a draconian policy? And what does it say about Washington that tax reform has become synonymous with class warfare and corporate lobbyists?
Read on to learn the history of the 16th Amendment – which authorized the federal collection of an income tax – and how that power has ultimately meant the growth of Washington at the expense of just about everyone else.
(Excerpt) Read more at ammo.com ...
Here are the rates:
Yeah, I'd take those rates, as is without even adjusting for inflation, which has been considerable since 1913. $20k in 1913 is equivalent to more than $500k today.
See post 21 above for the original rates.
What happens to the services that will no longer be funded? Like schools for example?
A friend of mine said recently she was thinking of moving to Florida because they have no state income tax. I pointed out that is false reasoning as Florida has expenses just like every other state. The money has to come for someplace. In Florida's case, they tax the tourist industry, something they have a lot of in Florida. In theory, Florida residents don't feel this tax 'cause they don't pay it.
My Brother, who lives in Florida, mentioned recently that the China virus has just killed the Florida tourist industry and the state has been busy figuring out where the needed money is going to come from.
States, like all of us, have expenses. And the states get what they need for one source or another.
There are other kinds of taxes than property and income taxes.
Income taxes give the government too much power and invade your privacy and property taxes mean that you don’t own property, you rent from the government.
We also both know that government is bloated with waste, fraud, abuse and services it has no business being involved in.
Exactly. Now we “rich” get taxed to give thousands of dollars to everyone else while we get nothing.
I no longer tip at restaurants, haircuts, or anyplace else. They already get my money, and I only get taxed.
the income tax was as high as 92% at one time.
Correct, originlly only the top 0.5% had to pay income tax.
Tennessee has NEVER had an income tax and cannot by the state constitution have one. So it the state legislature cannot institute and income tax, then how does it have the ability to grant someone else the power to do it?
The lawsuit got bounced by the Seventh Circuit, and SCOTUS denied cert.
Your post is why we need a like button.
Yep, the modern form of US govt is not in the constitution. Lincoln started it and admitted he had destroyed the republic. The only way to get America back is to cut the federal govt back to what it’s suppose to be.
Better yet, if the senile puppet gets stuffed into the big boy chair we’ll officially have exorbitant taxes WITHOUT even the illusion of representation. It’s hard to believe this is the same country that rebelled less than 250 years ago – because it’s not.
Thanks for the update.
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