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I didn't include the 1944 rates because I only wanted to mention the top rate at the time of the adoption/passage of the 16th amendment and the income tax. My p
by BitwiseFool 5y ago
I didn't include the 1944 rates because I only wanted to mention the top rate at the time of the adoption/passage of the 16th amendment and the income tax. My point was, at the time, the public was told the rates would be low and only on top earners. Then overtime, the rates rose while the brackets kept expanding downwards to include more and more of the middle and lower class. My point was not 'taxes never go down' but rather, taxes expand to include more and more people, despite originally being told they would not.
- danans 5y ago> taxes expand to include more and more people, despite originally being told they would not. And with them, the country's population, infrastructure, and economy expanded and transformed. Some may argue for the better, others for the worse, but taxes and societal development are intrinsically linked.