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To: Innovative

The income tax was created by super wealthy progressives for the benefit of super wealthy progressives, and to the detriment of the middle class. If progressives don’t like it, why not go back to Constitutional taxation? Tax profits and corporations, not individuals. Tax consumption, but not private residences. Let’s do it, progressives!

((Crickets))

I guess not.


10 posted on 10/14/2018 3:27:42 PM PDT by SecAmndmt (Arm yourselves!)
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To: SecAmndmt

The income tax was created by super wealthy progressives for the benefit of super wealthy progressives, and to the detriment of the middle class.


That might be how it turned out but until WWII only the wealthy were touched by the income tax. That’s one reason why the idea was popular—”we’ll only tax the rich. We’ll never tax the middle class.” Until then, the U.S. depended on tariffs for revenue. The argument then was that the lower and middle classes were the ones funding the government because they were the ones who tended to buy the cheaper imports.


27 posted on 10/14/2018 3:44:28 PM PDT by hanamizu
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To: SecAmndmt

Plenty of middle class persons own commercial or rental buildings that use depreciation. Having a mortgage on such buildings is normal.

The sheer ignorance of people influencing the taxpaying public is mind-blowing.


39 posted on 10/14/2018 3:55:40 PM PDT by ridesthemiles
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