red states rule
02-04-2013, 03:49 AM
I wonder if the Dems in DC will be having a party to celebrate and demand an increase in all the tax rates as a present?
As if the rates have not gone up enough over the last 100 years
Today is the 100th birthday of the income tax. On February 3, 1913 the 16th amendment was ratified, which enabled the establishment of the federal income tax. This is ever in our mind as tax season is now upon us.
Look at this graphic that Americans for Tax Reform (http://www.atr.org/income-tax-a7449) released in honor of the 100th anniversary:
<tbody>
1913
2013
Top Tax Bracket
7%
39.6%
Tax Bracket Range
1% - 7%
10% - 39.6%
Top Tax Bracket Threshold (today's dollars)
$11.6 million
$450,000
Total Tax Revenues (today's dollars)
$16.6 billion
$2.7 trillion
Family Standard Deduction (today's dollars)
$93,000
$12,200
Total Number of 1040s filed
358,000
140 million
Total Pages in Tax Code
400 (http://www.cch.com/TaxLawPileUp.pdf)
73,954 (http://www.cch.com/TaxLawPileUp.pdf)
</tbody>
Is it just me, or does this show something is a little off? Oh yeah, remember that part where liberals think the rich need to pay their fair share! Look at our top tax bracket, who on earth would have thought one hundred years ago we would be asking almost half of Americans to pay even more in taxes?
http://townhall.com/tipsheet/heatherginsberg/2013/02/03/100th-anniversary-of-the-income-tax-n1504224
As if the rates have not gone up enough over the last 100 years
Today is the 100th birthday of the income tax. On February 3, 1913 the 16th amendment was ratified, which enabled the establishment of the federal income tax. This is ever in our mind as tax season is now upon us.
Look at this graphic that Americans for Tax Reform (http://www.atr.org/income-tax-a7449) released in honor of the 100th anniversary:
<tbody>
1913
2013
Top Tax Bracket
7%
39.6%
Tax Bracket Range
1% - 7%
10% - 39.6%
Top Tax Bracket Threshold (today's dollars)
$11.6 million
$450,000
Total Tax Revenues (today's dollars)
$16.6 billion
$2.7 trillion
Family Standard Deduction (today's dollars)
$93,000
$12,200
Total Number of 1040s filed
358,000
140 million
Total Pages in Tax Code
400 (http://www.cch.com/TaxLawPileUp.pdf)
73,954 (http://www.cch.com/TaxLawPileUp.pdf)
</tbody>
Is it just me, or does this show something is a little off? Oh yeah, remember that part where liberals think the rich need to pay their fair share! Look at our top tax bracket, who on earth would have thought one hundred years ago we would be asking almost half of Americans to pay even more in taxes?
http://townhall.com/tipsheet/heatherginsberg/2013/02/03/100th-anniversary-of-the-income-tax-n1504224