Tax: Income

Tax: Income

The income tax is determined by applying multi-tiered tax rates based on income (the rates increase as income rises). The income tax as we know it was instituted in 1913, when the Sixteenth Amendment overturned the Supreme Court's 1895 ruling that outlawed the policy.

Cry Wolf Quotes

No honest man can make war upon great fortunes per se. The Democratic Party never has done it; and when the Democratic Party begins to do it, it will cease to be the Democratic Party and become the socialistic party of the United States; or better expressed, the communistic party, or quasi communistic party, of the United States.

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Democrat Senator John Sharp Williams (D-MI).
08/27/1913 | Full Details | Law(s): Tax: Income

[This is] Class legislation and attempts of the majority to spoliate private property [that] would ultimately wreck the American republic.

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Complete quote can be found in the Albany Law journal. http://bitURL.net/bjap
03/16/1895 | Full Details | Law(s): Tax: Income

[Taxing the rich] was supported by the Socialist party, the Populist party, and by the Democratic party with a few honorable exceptions, simply as a means of re-distributing the wealth.

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Senator Nelson Aldrich (R-RI), 1909
01/01/1909 | Full Details | Law(s): Tax: Income

Why should any of us strive to make that extra dollar of income when the government is going to lay claim to an increasing share of it?

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Reagan Treasury Secretary Donald Regan’s Address to the Business Council, 1984.
01/01/1984 | Full Details | Law(s): Tax: Income

Evidence

Backgrounders & Briefs

Taxes Not Seen as Making the Rich Flee New York

Almost everyone agrees that raising taxes on the rich does not induce mass upper-class migration.