Monday, October 23, 2017

104 YEARS OF FEDERAL INCOME TAX HAS FUELED EXPLOSIVE GROWTH IN GOVERNMENT-Unbiased America

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104 YEARS OF FEDERAL INCOME TAX HAS FUELED EXPLOSIVE GROWTH IN GOVERNMENT-by Kevin Ryan
Revenues from the federal income tax have increased an astonishing 340,000% since the program was established by Woodrow Wilson in 1913. 
And yes, that's adjusted for inflation!
Originally intended to only apply to the very wealthy, FDR expanded it to the middle class, and it's grown steadily since then. 
Today, Americans pay over $2.2 trillion in federal individual and corporate income tax.
$2,206,704,000,000 in 2017
$6,782 per capita in current dollars.
$15,224 per worker
SOURCES: http://www.usgovernmentrevenue.com/revenue_chart_1913_2017USk_18s1li011mcn_10f
http://www.atr.org/104-years-income-tax-then-and-now
https://unemploymentdata.com/charts/current-employment-data/
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