100 years of income tax
Want to see how the ‘progressive’ income tax has evolved of the last 100 years? Back in 1913 the United States tax code was a whopping 400 pages lone. Today? It’s nearly 74,000 pages. Back in 1913 the top income tax bracket (which was just 7%) was set at $11,600,000 (in today’s dollars.) Today, the top income tax bracket is $450,000 for a couple, and the tax rate is 39.6%.
This year wlll also see a record of $2.7 trillion in tax revenues collected by the government. Yet still, Democrats don’t think you are paying your ‘fair share.’