Re:We Don't Need A Corporate Income Tax
by tarikjn on Wednesday July 16, 2014 @11:16PM
(#8045883)
My bad, I am confusing with the Federal Reserve Act, which was drafted in secret meetings and passed into law three days before Christmas. Yet, one cannot ignore that when the 16th amendment was passed, federal income tax was 2% and required 2/3 of the votes to pass, subsequent increases only required >50%. A 35% rate for middle class incomes is a far cry from 2%.
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