American Tyranny

Federal Income Tax

104 Years of the Income Tax: Then and Now

As Americans finish yet another tax filing season, let’s take a look at the 104-year history of the income tax:

• In 1913 the top marginal income tax bracket was 7% -- today it is 39.6%.
   
• In 1913 the marginal income tax bracket range was 1% - 7%. Today the range is 10% - 39.6%.
   
• In 1913 there were 400 pages in the tax code. Today there are 74,608 pages in the code.
   
• In 1913 the family standard deduction was $98,425.45 in today’s dollars. The family standard deduction now is just $12,600.
   
• When the income tax started in 1913, only 358,000 Americans had to file a 1040. Today 148,606,578 Americans file 1040s.

DYI:  Repeal (16^th Amendment) and replace income taxes with a European consumption tax the savings in compliance has been estimated in the billions along with the yearly headache for individuals and corporations.  This would also have the effect of creating a free trade zone for the entire United States corporations would flock to our shores soaking up our unemployment.  Add on significantly less rules and regulations America would definitely be back on the liberty track.  More liberty equals more prosperity; they go hand in hand.  

DYI