My Grandchildren's America
Picture

  • Home
  • Setting Brushfires of Freedom
  • Author's written Articles
    • Author Interviews >
      • You Tube Videos
  • Don Jans Blog
  • About the Author
  • Contact Don

1/31/2019

THIS IS HOW IT BEGINS

0 Comments

Read Now
 
In 1913 the income tax amendment was ratified and became a part of the United States Constitution. The Progressives called upon citizens to "cheerfully support and sustain this, the fairest and cheapest of all taxes. . . ."
 
Less than 1% of the population then paid federal income tax.
A normal income tax and an additional tax were levied against the net income of individuals, as shown in the following table:
Income Normal rate        Additional rate Combined rate
0             1%          0             1%
$20,000                1%          1%          2%
$50,000                1%          2%          3%
$75,000                1%          3%          4%
$100,000             1%          4%          5%
$250,000             1%          5%          6%
$500,000             1%          6%          7%
 
There was an exemption of $3,000 for single filers and $4,000 for married couples. Therefore, the 1% bottom marginal rate applied only to the first $17,000 ($374,400 in 2010 dollars) of income for single filers or the first $16,000 ($352,300 in 2010 dollars) of income for married filers
 
Franklin Roosevelt, who had known communists in his cabinet and administration, proposed a 100 percent top tax rate. At a time of “grave national danger,” Roosevelt told Congress in April 1942, “no American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year.” That would be about $350,000 in today's dollars.  Roosevelt went on to claim that this was fair and just.
 
You know the history.  The progressive income tax is as Karl Marx said, the best way to share the wealth.  The Marxist/Progressive (Democrat) Party is today proposing another way to spread wealth so they can gain more power by making servants, serfs, and slaves, of even more Americans to the government.
 
2020 presidential candidate for the Marxist/Progressive (Democrat) Party, Elizabeth Warren, , is proposing a new “wealth tax” on Americans with more than $50 million in assets, as well as other measures that include a significant hike in funding for the Internal Revenue Service.
 
"We need structural change. That’s why I’m proposing something brand new – an annual tax on the wealth of the richest Americans. I’m calling it the 'Ultra-Millionaire Tax' & it applies to that tippy top 0.1% – those with a net worth of over $50M,"
 
This measure goes beyond confiscation of current income of Americans and now calls for the theft of the property of Americans, even though our Declaration of Independence asserts that property – pursuit of happiness- is a natural right granted to us by our Creator and thus cannot be taken from the citizen by government. 
 
The history of the theft by the government of the property of the American citizen has not as yet been written.  It has been written in Russia, later the Soviet Union, member of the Soviet bloc, Mao’s China, Castro’s Cuba, and is currently being written in Chavez’s Venezuela.  The ending has always been the same; social decay and financial collapse.  We were told by Einstein that insanity is trying the same thing over and over and expecting a different result. 

Share

0 Comments



Leave a Reply.

Details

    ​

    Author

    Write something about yourself. No need to be fancy, just an overview.

    Archives

    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018

    Categories

    All

    RSS Feed

Photos from kakissel, kakissel
  • Home
  • Setting Brushfires of Freedom
  • Author's written Articles
    • Author Interviews >
      • You Tube Videos
  • Don Jans Blog
  • About the Author
  • Contact Don