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To: JV3MRC

I wonder if they know that one of the reasons we fought the American Revolution was excessive taxation.


7 posted on 01/25/2023 2:54:13 PM PST by No name given (Anonymous is who you’ll know me as. )
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To: No name given

The income tax is sort of “interesting”. The first attempts at implementation were ruled as unconstitutional by the supreme court. The national government got the money it needed from tariffs and excise taxes.

When the income tax amendment was proposed it was sold to Americans as a way to “stick it to the Rich!”. There was absolutely no way it would have passed legislatures or ratified by the various states.

The initial rates didn’t kick in till the equivalent of about $500,000 in today’s dollars, and then only at 2% to 3%.

Today it’s 15% starting at around $35,000


16 posted on 01/25/2023 5:26:40 PM PST by Freedom4US
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