There Is No "Patriotic Duty" To Pay More Tax
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Title : There Is No "Patriotic Duty" To Pay More Tax
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Title : There Is No "Patriotic Duty" To Pay More Tax
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news-today.world | In 1873 during the administration of Ulysses S. Grant, the government abolished its income tax.
Aside from a single episode in 1894, there would be no income tax in the United States of America for nearly 40 years.
It was during this period that the United States emerged as the largest, most powerful economy in the world.
And the country achieved this with no income tax. No inflation. And very little public debt.
Today it’s entirely different. The dollar has lost over 99% of its value since 1913.
Aside from a single episode in 1894, there would be no income tax in the United States of America for nearly 40 years.
It was during this period that the United States emerged as the largest, most powerful economy in the world.
And the country achieved this with no income tax. No inflation. And very little public debt.
Today it’s entirely different. The dollar has lost over 99% of its value since 1913.
And the US has accumulated more debt than any other nation in the history of the world.
Entitlement program costs are soaring. The US government’s own figures estimate that the long-term funding gap for Social Security, Medicare, etc. exceeds $40 trillion. Many private estimates are several times that amount.
More
Entitlement program costs are soaring. The US government’s own figures estimate that the long-term funding gap for Social Security, Medicare, etc. exceeds $40 trillion. Many private estimates are several times that amount.
More
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