January 24, 1916 - America's saddest day

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January 24, 1916 - America's saddest day

Postby WebbPA » Sun Jan 24, 2010 10:08 pm

Wikipedia

Brushaber v. Union Pacific Railroad, 240 U.S. 1 (1916), was a landmark United States Supreme Court case in which the Court upheld the validity of a tax statute called the Revenue Act of 1913 ... imposing a federal income tax ...

The country has never recovered.
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Re: January 24, 1916 - America's saddest day

Postby j76ny » Sun Mar 14, 2010 7:39 am

If you read some of the Congressional debate on this, a lot of the criticism of the time are realities we live with as a norm. Never recovered indeed.

Without getting too much into the politics of it, I'd say its time to replace the income with some sort of consumtion tax.
Last edited by j76ny on Sun Mar 14, 2010 7:42 am, edited 1 time in total.
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