There was no income tax in the United States of America until 1913. This great nation made it just fine for 150 years without an income tax. Today, 10% of Americans pay 70% of all federal taxes; and 50% of Americans pay little or no federal taxes. (See the following table.) Call it what it is, a wealth redistribution vehicle. Oh, but you did get a $12-$13 weekly income tax cut this year. Well, at least until January 2010, and then it reverts to $8. So why complain.
No comments:
Post a Comment