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January 24, 1916 - America's saddest day

PostPosted: Sun Jan 24, 2010 10:08 pm
by WebbPA
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.

Re: January 24, 1916 - America's saddest day

PostPosted: Sun Mar 14, 2010 7:39 am
by j76ny
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.