Little-Acorn
10-04-2013, 04:08 PM
....... Income Tax!
100 years ago today, the first modern-liberal President, Woodrow Wilson, signed the nation's first legal Income Tax into law.
(During the Civil War, a few income taxes were passed, but were quickly found unconstitutional by the Supreme Court and struck down.) (But the govt didn't give back the money.)
This created the first of two mechanisms the modern liberals needed (vast, unlimited access to everyone's money), to convert the United States into a big-government-socialist nation. (They didn't get the second - constitutional permission for central government to regulate and restrict most details of everyone's life - until March 29, 1937)
Most people agree that flatly socialist administrations, noteably those of Franklin Roosevelt and Barack Obama, are responsible for most of the country's headlong charge to the left.
But the charge started, 100 years ago today, at the hands of the relatively obscure Wilson.
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http://www.nbcnews.com/business/happy-birthday-or-not-income-tax-turns-100-years-old-8C11336394
Happy Birthday! Or not. Income tax turns 100 years old
SHANNON STAPLETON / Reuters
Happy Birthday to you! Happy Birthday to you! You don't look a day over 99.
It's doubtful most people will notice, let alone celebrate, Friday's 100th anniversary of the U.S. income tax code. But, yes taxpayers, Oct. 4, 2013, is the centennial.
So, happy birthday income tax?
"Obviously, it depends on your perspective," said Ajay Mehrotra, a history professor at Indiana University.
"But there's one thing we can take from the period of time when the tax law passed," he said. "And that is lawmakers got together and realized some permanent form of taxation was needed instead of having a political stalemate that got nowhere."
One expert sees the 100 years as a system run amok.
"In 1913, the tax code consisted of 400 pages," said Timothy Nash, a professor of free market economics at Northwood University.
"By 2012, the tax code was 73,608 pages," he said. "We have gone from a simple tax system to a complex, unfriendly system."
It was the 16th Amendment, adopted in February 1913, that gave Congress the legal right to levy an income tax. On the evening of Oct. 3, President Woodrow Wilson signed the Revenue Act of 1913 that allowed the collection of a federal income tax—starting the next day.
100 years ago today, the first modern-liberal President, Woodrow Wilson, signed the nation's first legal Income Tax into law.
(During the Civil War, a few income taxes were passed, but were quickly found unconstitutional by the Supreme Court and struck down.) (But the govt didn't give back the money.)
This created the first of two mechanisms the modern liberals needed (vast, unlimited access to everyone's money), to convert the United States into a big-government-socialist nation. (They didn't get the second - constitutional permission for central government to regulate and restrict most details of everyone's life - until March 29, 1937)
Most people agree that flatly socialist administrations, noteably those of Franklin Roosevelt and Barack Obama, are responsible for most of the country's headlong charge to the left.
But the charge started, 100 years ago today, at the hands of the relatively obscure Wilson.
-----------------------------------------
http://www.nbcnews.com/business/happy-birthday-or-not-income-tax-turns-100-years-old-8C11336394
Happy Birthday! Or not. Income tax turns 100 years old
SHANNON STAPLETON / Reuters
Happy Birthday to you! Happy Birthday to you! You don't look a day over 99.
It's doubtful most people will notice, let alone celebrate, Friday's 100th anniversary of the U.S. income tax code. But, yes taxpayers, Oct. 4, 2013, is the centennial.
So, happy birthday income tax?
"Obviously, it depends on your perspective," said Ajay Mehrotra, a history professor at Indiana University.
"But there's one thing we can take from the period of time when the tax law passed," he said. "And that is lawmakers got together and realized some permanent form of taxation was needed instead of having a political stalemate that got nowhere."
One expert sees the 100 years as a system run amok.
"In 1913, the tax code consisted of 400 pages," said Timothy Nash, a professor of free market economics at Northwood University.
"By 2012, the tax code was 73,608 pages," he said. "We have gone from a simple tax system to a complex, unfriendly system."
It was the 16th Amendment, adopted in February 1913, that gave Congress the legal right to levy an income tax. On the evening of Oct. 3, President Woodrow Wilson signed the Revenue Act of 1913 that allowed the collection of a federal income tax—starting the next day.