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

After careful analysis, I decided that I could not support this package. It goes too far in raising taxes and not far enough in cutting spending….I fear that this package, if enacted as passed by the House, will come back to haunt all of us because of its emphasis on taxes over spending cuts. We must not abandon the more fiscally responsible, new Democrat approach on which we were elected.

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Carolyn Maloney (D-NY), Congressional record.

[The voters] will remember who let loose this deadly virus into our economic bloodstream.

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Rep. Robert Michel (R-IL), The Los Angeles Times.

It may be impracticable that our distinctively American experiment of individual freedom should go on.

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Senator David Hill (D-NY), The New Republic.
01/01/1894 | Full Details | Law(s): Tax: Income

[A federal income tax would be an invitation to D.C.] to invade its territory, to oust its jurisdiction and to establish a Federal dominion [in Virginia]. A hand from Washington will be stretched out and placed upon every man’s business. The eye of the Federal inspector will be in every man’s counting house.

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Speaker of the Virginia House of Delegates, Richard E. Byrd.
01/01/1911 | 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.