Skip to comments.Happy-100th-birthday-us-federal-income-tax (100 Years Of U.S. Federal Income Tax)
Posted on 02/03/2013 10:58:17 AM PST by dynachrome
On February 3rd, 1913, one of the two most historic events in US history took place: the ratification of the 16th amendment, which established Congress' right to impose a Federal income tax on Americans, and overturned Article I, Section 9 of the US Constitution which explicitly prohibited a general income tax. The amendment was brief and to the point, and read as follows: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." And with that, the US Federal Income Tax was born and has been with us for precisely 100 years.
(Excerpt) Read more at zerohedge.com ...
And that right there was the beginning of the end for America.
Federal Reserve was created in 1913 too - another severe hit on The Constitution.
The Jekyl Island con set the seeds of destruction. The blind leading the blind into the ditch. Trust God not human nature.
Celebrating 100 years of bondage.
Many happy returns.
return to sender.
Yup, 1913 was the triple-whammy of the 16th amendment (Income Tax), the 17th amendment (ending State representation in the Federal government via the direct election of Senators) and the establishment of the Federal Reserve.
Gee,I think I will celebrate by telling the next cashier to take an extra penny from me in tax. </sarc>
Who knew before 1913 that trading my labor for dollars constituted a gain for me?
Actually, the income tax was already constitutional. The 16th amendment authorized a PROGRESSIVE income tax (”without apportionment among the several States, and without regard to any census or enumeration” meant different rates could be applied to different people).
You stole my thought.
And so the dream of Karl Marx was finally achieved.
Is Timmy “TurboTax” Geithner involved in the official commemoration?
|History of income tax rates adjusted for inflation (1913-2010)|
|Number of||First Bracket||Top Bracket|
|1913||7||1%||7%||$500,000||$11.3M||First permanent income tax|
|1917||21||2%||67%||$2,000,000||$35M||World War I financing|
|1925||23||1.5%||25%||$100,000||$1.28M||Post war reductions|
|1941||32||10%||81%||$5,000,000||$76.3M||World War II|
|1942||24||19%||88%||$200,000||$2.75M||Revenue Act of 1942|
|1944||24||23%||94%||$200,000||$2.54M||Individual Income Tax Act of 1944|
|1964||26||16%||77%||$400,000||$2.85M||Tax reduction during Vietnam war|
|1981||16||14%||70%||$212,000||$532k||Reagan era tax cuts|
|1982||14||12%||50%||$106,000||$199k||Reagan era tax cuts|
|1987||5||11%||38.5%||$90,000||$178k||Reagan era tax cuts|
|1988||2||15%||28%||$29,750||$56k||Reagan era tax cuts|
|1993||5||15%||39.6%||$250,000||$388k||Omnibus Budget Reconciliation Act of 1993|
|2003||6||10%||35%||$311,950||$380k||Bush tax cuts|
Back in the late 70s both my wife and I made excellent salaries and those tax rates were crushing.
actually, pre-1913 federal taxes were only applied to the state... not the individual.
the founders fought a war to get away from big govt and taxes on the individual... do you think they would want this??
The amazing thing about this cancerous invasion of the Constitution is that the country has done as well as it has. This retched amendment pretty much made the rest of the Constitution mute by making all of us slaves to the whim of politicians in Washington. The cure would be a balanced budget amendment that cut back spending until the income tax was no longer needed, where it is from that point on repealed.
The Income Tax replaced tariffs on foreign goods as the means of raising revenue. Free Trade Communist Globalists love the income tax, and attack tariffs
Woodrow Wilson and his Democrat friends were behind it. The Underwood Tariff lowered tariffs. The income tax was to make up for the revenues lost from lowering the tariffs.
Next, certain favored, bipartisan constituents—government-linked, big donors—want to do away with income taxes and replace those with a national sales tax and property tax hikes to drive the rest of the unconnected, unlicensed and unapproved from properties. Then, with their governments’ help, they can take the remaining real properties and rule the world. Quite a plan for global communism administered by the elite, eh?