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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHappy 100th birthday Income Tax!
http://en.wikipedia.org/wiki/16th_Amendment_to_the_United_States_ConstitutionWith Delaware's ratification on February 3, 1913, one of the Progressive Movement's signal goals was accomplished, and an income tax was established to undo some of the excessive inequality of the so-called "Gilded Age".
NYC_SKP
(68,644 posts)We need to tax wealth, not income.
And, where we tax income, we have to do so far more progressively.
Hand's off the middle class!
Recursion
(56,582 posts)Maybe we can get a wealth tax this time now that the pendulum is starting to swing our way again.
hfojvt
(37,573 posts)you mean UPPER middle class.
Who gives a crap about the bottom half anyway?
http://www.nationaljournal.com/politics/for-obama-and-romney-middle-class-means-pretty-much-everyone-20121018
Response to Recursion (Original post)
Recursion This message was self-deleted by its author.
former9thward
(32,028 posts)Congress created the income tax to finance the Civil War in 1862. The Confederate states also had an income tax.
Revanchist
(1,375 posts)Now can we scrap it and write a new one that's under 20,000 pages in length?
libtodeath
(2,888 posts)Revanchist
(1,375 posts)I'm not an economist, but I think a true progressive tax code with some exemptions for the poor and middle class, and none of the current corporate welfare and perks for the 1% like upper limits on medicare and SS would be a great start. It's too easy to hid shady backroom deals in the 20,000 page monstrosity we currently have.