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

The budget proposal offered by the Democrats is a recipe for economic and fiscal disaster. It proposes to increase taxes at a time when Americans are already overtaxed. It proposes to increase taxes at a time when we have a fragile economy--higher taxes will only stifle job creation and economic growth.

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

[Obama tax proposal is] a bullet in the head for an awful lot of people that are going to be laid off and an awful lot of people who are hoping to get their jobs back.

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U.S. Chamber of Commerce economist Martin Regalia, The Hill.

[The income tax would] divide the population into two classes, the class which contributes to the support of the Government, and the class which does not contribute.

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In 1910, the Albany Evening Journal, a partisan Republican paper.
01/01/1910 | Full Details | Law(s): Tax: Income

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.

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.