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Happy-100th-birthday-us-federal-income-tax (100 Years Of U.S. Federal Income Tax)
Zero Hedge ^ | 2-3-13 | Tyler Durden

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 ...


TOPICS: Business/Economy; Chit/Chat; History
KEYWORDS: 100th; 1913; feralgovernment; income; incometax; tax; taxes
Includes a pic of original document and the first 1040 form at the site.
1 posted on 02/03/2013 10:58:27 AM PST by dynachrome
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To: dynachrome

And that right there was the beginning of the end for America.


2 posted on 02/03/2013 11:01:00 AM PST by Argus
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To: dynachrome; Argus

Federal Reserve was created in 1913 too - another severe hit on The Constitution.


3 posted on 02/03/2013 11:10:11 AM PST by canuck_conservative
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To: dynachrome

The Jekyl Island con set the seeds of destruction. The blind leading the blind into the ditch. Trust God not human nature.


4 posted on 02/03/2013 11:11:14 AM PST by Armaggedon
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To: dynachrome

Celebrating 100 years of bondage.


5 posted on 02/03/2013 11:15:16 AM PST by BipolarBob (Happy Hunger Games! May the odds be ever in your favor.)
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To: dynachrome

Many happy returns.


6 posted on 02/03/2013 11:18:30 AM PST by CrazyIvan (Obama's birth certificate was found stapled to Soros's receipt.)
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To: CrazyIvan

return to sender.


7 posted on 02/03/2013 11:34:16 AM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: Argus

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.


8 posted on 02/03/2013 11:39:43 AM PST by AustinBill (consequence is what makes our choices real)
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To: dynachrome

Gee,I think I will celebrate by telling the next cashier to take an extra penny from me in tax. </sarc>


9 posted on 02/03/2013 11:48:22 AM PST by Yellowstone Joe
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To: dynachrome

Who knew before 1913 that trading my labor for dollars constituted a gain for me?


10 posted on 02/03/2013 11:53:54 AM PST by andyk (I have sworn...eternal hostility against every form of tyranny over the mind of man.)
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To: dynachrome

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).


11 posted on 02/03/2013 12:10:12 PM PST by Constitutionalist Conservative (I'm a constitutionalist, not a libertarian. Huge difference.)
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To: BipolarBob

You stole my thought.


12 posted on 02/03/2013 12:28:38 PM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: Constitutionalist Conservative
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).

And so the dream of Karl Marx was finally achieved.

13 posted on 02/03/2013 1:00:21 PM PST by Marathoner (Our forefathers would be shooting by now.)
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To: dynachrome

Is Timmy “TurboTax” Geithner involved in the official commemoration?


14 posted on 02/03/2013 1:00:28 PM PST by mikrofon (Block Head)
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To: dynachrome
Courtesy of Wikipedia:

History of income tax rates adjusted for inflation (1913-2010)[43]
Number of First Bracket Top Bracket
Year Brackets Rate Rate Income Adj. 2011 Comment
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
1932 55 4% 63% $1,000,000 $16.4M Depression era
1936 31 4% 79% $5,000,000 $80.7M
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
1946 24 20% 91% $200,000 $2.30M
1964 26 16% 77% $400,000 $2.85M Tax reduction during Vietnam war
1965 25 14% 70% $200,000 $1.42M
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
1991 3 15% 31% $82,150 $135k
1993 5 15% 39.6% $250,000 $388k Omnibus Budget Reconciliation Act of 1993
2003 6 10% 35% $311,950 $380k Bush tax cuts
2011 6 10% 35% $379,150 $379k
2013 7 10% 39.6% $400,000 $400k[disputed ]

15 posted on 02/03/2013 1:10:57 PM PST by UnwashedPeasant
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To: UnwashedPeasant

Back in the late 70s both my wife and I made excellent salaries and those tax rates were crushing.


16 posted on 02/03/2013 1:13:34 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: Constitutionalist Conservative

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??


17 posted on 02/03/2013 1:45:59 PM PST by sten (fighting tyranny never goes out of style)
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To: dynachrome

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.


18 posted on 02/03/2013 3:04:38 PM PST by Nateman (If liberals are not screaming you are doing it wrong!)
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To: dynachrome

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


19 posted on 02/03/2013 3:38:59 PM PST by SeminoleCounty (GOP = Greenlighting Obama's Programs)
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To: dynachrome

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?


20 posted on 02/03/2013 3:50:59 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: dynachrome

Woodrow Wilson was also a “progressive movement” leader, BTW, as most politicians in both political parties today are.


21 posted on 02/03/2013 4:00:18 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: sten
actually, pre-1913 federal taxes were only applied to the state... not the individual.

The Constitution mentioned a "direct" taxation power of the fedgov twice. Did that mean something other than taxation of individuals? It may be that the fedgov did not avail itself of the power before 1913.

22 posted on 02/03/2013 4:37:19 PM PST by Constitutionalist Conservative (I'm a constitutionalist, not a libertarian. Huge difference.)
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To: Constitutionalist Conservative

“Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers, which shall be determined by adding to the whole Number of free Persons, including those bound to Service for a Term of Years, and excluding Indians not taxed, three fifths of all other Persons.”

taxes were intended to be leveled at the state, not the individual. taxes due by the state were equal to their portion of the nations population. what tax scheme the state employed to collect the taxes was up to them.


23 posted on 02/04/2013 7:14:42 AM PST by sten (fighting tyranny never goes out of style)
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