Tax: Income

Tax: Income

The income tax is determined by applying multi-tiered tax rates based on income (the rates increase as income rises). The income tax as we know it was instituted in 1913, when the Sixteenth Amendment overturned the Supreme Court's 1895 ruling that outlawed the policy.

Cry Wolf Quotes

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.

-
Reagan Treasury Secretary Donald Regan’s Address to the Business Council, 1984.
01/01/1984 | Full Details | Law(s): Tax: Income

[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.

-
Senator Nelson Aldrich (R-RI), 1909
01/01/1909 | Full Details | Law(s): Tax: Income

[In 1981] we, as a nation, finally recognized that it is patently unfair to take more and more from a worker simply because he or she works harder, or longer, or takes more risk, or displays more innovation.

-
Reagan Treasury Secretary Donald Regan’s Address to the Business Council, 1984.
01/01/1984 | 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.

-
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.