Ron Paul: Fix IRS by shutting it ‘once and for all’ (military, politicians)
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The IRS was created by Congress in 1862 in order to collect a temporary income tax.
The initial rate was 3% on income over $800, which exempted most wage-earners.
Today our tax code is way too complicated and the IRS is way too powerful.
Think about this: in these days all employees could be taxed with no returns needed.
The fair tax?
First so much is tax exempt. For this example we shall use $25,000.
So the first $25,000 is tax exempt. Then the tax rate comes into affect. Lets say 10% for this example.
So someone makes $50,000 they would pay taxes on $25,000 or $2,500.
Another guy makes $24,500 he pays no taxes since he is under the $25,000 amount.
No need for tax filing or tax returns exceipt self employed and businesses.
Heck business would be able to offer as a perk that they will pay your taxes for you. It could be a perk like health coverage, club membership etc that some companies use to lure the best.
The people at the local level are much more accountable and the enormous waste involved with many projects where communities are applying for funding whether they need it or not goes away.
That sounds so damn logical. Then I remember the local politics I've encountered. HOAs are as local as it gets, for instance...
Originally Posted by Kirdik The IRS was created by Congress in 1862 in order to collect a temporary income tax.
The initial rate was 3% on income over $800, which exempted most wage-earners.
Today our tax code is way too complicated and the IRS is way too powerful.
Quote:
Originally Posted by urbanlife78
They also didn't have computers in 1862.
They were also more thrifty and less intrusive in 1862. What does computerization have to do with anything?
The IRS was created by Congress in 1862 in order to collect a temporary income tax.
The initial rate was 3% on income over $800, which exempted most wage-earners.
Today our tax code is way too complicated and the IRS is way too powerful.
Yes 1862 was the first income based tax, modeled after a new taxing system in Britain. 1872 it expired. The Socialist Labor Party(Communism) advocated a graduated income tax in 1887 and passed in 1894
........ but in 1894 the Supreme Court declared the Income Tax of 1894 unconstitutional in Pollock v. Farmers Loan & Trust Co.
Which brought us the 16th Amendment. The biggest mistake on freedom, known to mankind. The very thing we fought a revolution over. Taxation, without representation.
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
Last edited by BentBow; 05-21-2013 at 05:05 PM..
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