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

Why should any of us strive to make that extra dollar of income when the government is going to lay claim to an increasing share of it?

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

[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

The fury of ignorant class hatred has dashed itself in vain against the constitution…Thanks to the court, our government is not to be dragged into communistic warfare against rights of property and the rewards of industry.

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The New York Tribune.
05/23/1895 | Full Details | Law(s): Tax: Income

[T]here will be no check upon the power of the Populistic States to exempt themselves and make a few Eastern States pay all, or nearly all, the tax.

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The New York Times
07/08/2009 | 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.