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

Mr. Chairman, the President's budget plan which is incorporated into this budget resolution imposes higher taxes and more deficit spending. We have been told that that kind of a budget package will have an impact on the economy. Certainly I agree. However, it will be the kind of impact that this country can't absorb. It will slow economic growth, contribute to the massive Federal deficit, and increase Government spending.

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Rep. Clifford Stearns (R-FL), Congressional Record.

[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

It's disappointing and discouraging. The tone and tenor was often venomous, trying to pit the haves against the have-nots…[the business community now must figure out] how to participate in a system that's largely disconnected from us.

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Pat McCormick, spokesman for Oregonians Against Job-Killing Taxes, The Oregonian.

We have a stagnant economy and there is nothing down the road that makes it look like we're going to have the kind of economic growth that puts people to work.

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Rep. John Kasich (R-OH), CNN.

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.