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 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

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.

[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

But, I will tell you, this program will not give you deficit reduction. It will be a disaster for the performance of the economy because of the repressive impact of these taxes and, of course, the possible inflationary impact of the taxes, along with the labor-cost-increasing mandates that are already a part of the president's agenda.

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Rep. Dick Armey, 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.