February 3 was the 100th anniversary of the ratification of the 16th Amendment in 1913. Its champion was President William Howard Taft, and its ratification was an effort to make sure more higher-income people paid taxes, and that the government wasn’t wholly dependent on tariffs and taxes on goods.
It wasn’t the first national income tax that was enacted. In fact, it was the third. But this third attempt had the power of a constitutional amendment behind it, and it’s still in force today.
The Founding Fathers and the generation of leaders that followed them weren’t big on the idea of an income tax. Tariffs and sales taxes helped fund the federal government in the early days.
But the financial needs of the Civil War led to the first national income tax.
I think the income tax was supposed to be temporary, maybe it’ll be removed next year.
There is nothing so permanent as a temporary government program.
Like our temporary County sales tax! These folks are addicted to OPM (pronounced opium) Other People’s Money.
Opium, that’s funny.
I’ve used plenty of OPM. The only difference is that it was freely given and will be returned with a significant multiplier.
W.H. Macy gave FDR the idea to take a little out of each check so people would not realize what a big chunk of one’s income is actually being confiscated.
WH Macy? The guy from Fargo and Pleasantville and Boogie Nights?
uh, no Macy’s Dept. Store
There is always a change in the government program where we can not predict anything which accountable in the future gains.Home Improvement