Post by arfanho7 on Feb 24, 2024 10:02:02 GMT
Why did they start us down this road And given that the taxes they endorsed started out small in scope and size but have multiplied by a factor of eight as a share of our economy have we gone off course After all when an income tax was introduced in to fund the Civil War it lasted just six years before being replaced by other taxes. It took another years before the th Amendment which allows Congress to levy a national income tax was adopted in.
Why We Tax Ourselves One of the clearest statements of why Americans in the early twentieth century were willing to tax their incomes came from President Franklin Delano Roosevelt in the s With the enactment of the Income Tax Law of the Federal Government began to apply effectively the widely accepted Egypt WhatsApp Number List principle that taxes should be levied in proportion to ability to pay and in proportion to the benefits received. Income was wisely chosen as the measure of benefits and of ability to pay. Here FDR sounds very much like an economics professor. that relies on abstract concepts like ability to pay and benefits received.
FDR is also saying something quite simple if people do well it is only right that they should help to pay for the setup that made their success possible. More to FDR s point people who do better should pay for more of that setup. FDR s reasoning is far from obsolete our current President seems to agree with him. In Barack Obama explained why he supported higher taxes on higher incomes As a country that values fairness wealthier individuals have traditionally borne a greater share of this tax burden than the middle class or those less fortunate… This is a basic reflection of our belief that those who ve benefited most from our way of life can afford to give back a little bit more.
Why We Tax Ourselves One of the clearest statements of why Americans in the early twentieth century were willing to tax their incomes came from President Franklin Delano Roosevelt in the s With the enactment of the Income Tax Law of the Federal Government began to apply effectively the widely accepted Egypt WhatsApp Number List principle that taxes should be levied in proportion to ability to pay and in proportion to the benefits received. Income was wisely chosen as the measure of benefits and of ability to pay. Here FDR sounds very much like an economics professor. that relies on abstract concepts like ability to pay and benefits received.
FDR is also saying something quite simple if people do well it is only right that they should help to pay for the setup that made their success possible. More to FDR s point people who do better should pay for more of that setup. FDR s reasoning is far from obsolete our current President seems to agree with him. In Barack Obama explained why he supported higher taxes on higher incomes As a country that values fairness wealthier individuals have traditionally borne a greater share of this tax burden than the middle class or those less fortunate… This is a basic reflection of our belief that those who ve benefited most from our way of life can afford to give back a little bit more.