Taxes: Income

Taxes: Income

The income tax has been the primary means of funding the federal government since 1913 when the 16th Amendment to the Constitution was adopted. It is a progressive tax on individual and corporate income, based on income levels.  43 states impose an income tax on individuals, while 47 states impose a tax on the income of corporations. Many municipalities and counties also levy income taxes on their residents.

Commentary

Chamber of Commerce, Wrong Again

May 19, 2011
Taxes and the wealthy

Will Higher Taxes on the Rich Kill Jobs?

December 01, 2010

Cry Wolf Quotes

I believe this will lead to a recession next year. This is the Democrat machine's recession, and each one of them will be held personally accountable.

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Rep. Newt Gingrich (R-GA), GOP Press Conference.

For years now we have moved inexorably toward a larger and larger share of resources being absorbed by government. This has translated into a greatly expanded role for government in business, society in general, and in our personal lives. Obviously, this involvement has carried a price tag—which has translated into fewer resources available for more productive use in the private sector.

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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

[The Court must] bring the Congress back to a true sense of the limitations of its powers….[such a tax on wealth will lead to] communism, anarchy, and then, the ever following despotism.

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George F. Edmunds, former Republican senator from Vermont. March 7, 1895.
03/07/1895 | Full Details | Law(s): Tax: Income

I protest against this betrayal of our ancient principals. I protest against this treason to our faith, to our platform, to our traditions, to our heroes. I protest against partial laws, whether they be intended to favor the few or the many. I demand for all men the same equality before the law which they enjoy in the sight of God….I demand now, as I have always demanded, one citizenship, one country, one law, one Democratic faith, one common plane of equality for all the people, without distinction of wealth, of birth, or race, or of creed!

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Bourke Cockran (D-NY).
01/31/1894 | 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. 

Resources

The Center on Budget and Policy Priorities (CBPP) is a think tank focused on tax and fiscal policy. They provide in-depth analysis of state issues.

Citizens for Tax Justice is an organization that represents low and middle income citizens in the tax debates on Capitol Hill.