No. Americans are Definitely not Undertaxed
According to the Tax Foundation, Tax Freedom Day “is the day when the nation as a whole has earned enough money to pay its total tax bill for the year.” Tax Freedom Day “takes all federal, state, and local taxes and divides them by the nation’s income”; that is,...
Prior to 1913 No One Paid Income Tax. Why Now?
As a nation under the U.S. Constitution we are 230 years old. It may surprise readers to learn that for the first 124 of these years we had no federal income tax and handled our expenses quite well. According to a tax attorney today the 55% who pay federal income...
The Founders’ View vs. the Progressive Income Tax
by Burton W. Folsom, Originally Published at The Freeman America’s founders rejected the income tax entirely, but when they spoke of taxes they recognized the need for uniformity and equal protection to all citizens. “[A]ll duties, imposts and excises shall be uniform...