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re: Y’all remember when income tax was supposed to be temporary?

Posted on 4/6/21 at 8:50 am to
Posted by TideCPA
Member since Jan 2012
10377 posts
Posted on 4/6/21 at 8:50 am to
And it was only supposed to hit "the rich" (1% tax on income equivalent to $80k in today's dollars up to 7% on $12mm+ in today's dollars). This is the first thing I remind people of when they start talking about a wealth tax.
Posted by dakarx
Member since Sep 2018
6873 posts
Posted on 4/6/21 at 8:55 am to
No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth!

-Ronald Reagan
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