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Essay Galaxy - The Search for a Better Tax System
The Search for a Better Tax System
In the words of Benjamin Franklin, "In this world nothing can be said to be certain, except death
and taxes" (Tyson 6). Today, every American citizen who earns money in the United States knows the truth in this statement. However, federal taxation has not always been the complicated, intimidating, and paycheck draining process we have come to accept today. Prior to 1913 people lived and worked relatively free from the hassles of federal income taxes (Tyson 8). With the exception of the Civil War income tax, signed in by Abraham Lincoln in 1861 (abandoned ten years later), most of the revenue collected by the federal government was levied on goods such as liquor, tobacco, and imports (Tyson 8). Starting in 1913 however, congress set up a tax system with a graduated rate starting at just one percent and going up to seven pe....
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Number Of Pages: 5 |
Number Of Words: 1351 |
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