“In 1916, 206 families or individuals filed returns reporting income of $1 million or more.” Enter President Wilson’s wartime tax. In 1917, 141 returns noted income of $1 million or more. By 1921, 21 families reported a million-dollar income.
https://www.city-journal.org/html/growth-not-equality-15643.html
In the 2016 presidential election, Democratic candidate Hillary Clinton said she would pay for her free college proposal by going where the money is; that is, taxing wealthy Americans even more.
What happens when there are no more wealthy people to tax?
Showing posts with label Tax the Rich!. Show all posts
Showing posts with label Tax the Rich!. Show all posts
Monday, January 22, 2018
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