“The American income tax is perhaps the most dramatic example of how government grows at the expense of liberty”. This quote from ‘Americans For Tax Reform’ unto itself would sound like a typical ‘protest’ statement. But when you look deeper into what’s behind the statement, and the cold hard facts that inspired the statement, you realize how this single statement defines the cumulative state of affairs in the country.
Take a look at the ‘Then and Now’ comparison of the Income Tax over the past 104 years;
Also, it’s important to factor into the equation what has happened to the value of the dollar over this same period of time to get the whole picture of just how little reward we get for our labor energy in modern day America. The combination of the escalated ‘Tax Brackets’ and the astronomical devaluation of the dollar’s purchasing power, along with the massive amount of ‘Tax Layering’ in all the other areas of our lives, it’s no wonder the common people are so cash poor.
And, add the 20 Trillion Dollar ‘National Debt’ into this toxic stew, and the title of this post starts to come into view.
“They’ve Got Me Surrounded, My Heart Won’t Stop Pounding”.