Obama Care

[Slingin Sammy 33]

Originally Posted by BringBackJoeT

I'm sure you recall from your own history lessons that there was in fact an income tax imposed during the Civil War, and that much of the debate regarding the necessity of an income tax that led to the constitutional amendment surfaced in the aftermath of the Spanish-American War. Apparently, the US Congress and three-quarters of the union's states believed that the country was not doing "just fine" without an income tax.

Oh, and you say that it is "possible" that there may be some justification for the federal government's use of power to provide "some" oversight of banking and finance? Meaning, that this is a close call? That no oversight might not be a bad idea. Wow.

Certainly the crisis of the Civil War constituted extreme measures (income tax). Even so, the tax was less than the SS tax alone is today.

And I'm not saying there should be "no oversight" into the financial system, but not the monstrosity of regulations/legal burdens companies must jump through for the government.

You really should read Chapter 1 of The Fair Tax Book by Neal Boortz to understand how the Income Tax really came to be. As is the same today, the Income Tax (or expansion of taxes) was a Democrat creation, and unfortunatley a few liberal Republicans signed on.

Again, as usual with lefties, my original point wasn't countered....at all, only nit-picking minor details. Please enlighten me, how does the federal government/infrastructure allow/facilitate private individuals & companies to make money? And do you believe the cost of that is worth about 33% of a mid-high end workers income?