With apportionment for direct taxes and excise taxes for indirect taxes, we had the best system of taxation in the world before the abuse of the 16th amendment.
If only the progressives of a hundred years ago could see what they wrought, the destruction of our republic.
We have two taxes on corporate profit in addition to the income tax. These are out VAT tax, called the “corporate tax,” and the capital gains tax, which Warren Buffet has been tricking people into thinking is the same as the income tax. Of course, there are countless little taxes that eat into profits, but those are the out in the open ones. Then there’s the death tax, which was deliberately designed to get another bite at it.