Why is tax so much higher than it was 100 years ago?

[Bad Boy Dazza]

In 1900 at all 3 levels US govt too approx 7 percent of the nations income.

Today that is much much higher.

Can someone explain why?

[Stephano]

The gradual encroachment of tyranny?

[rocco-x]

because the Federl Reserve is about as Federal as Federal Express.the whole system of the IRS isn't even run by our own government.it's a privately owned entity backed by the rich oil companies,bankers and military supply conglomerates.no law in our Constitution stating we MUST pay taxes on wages earned yet owe them $1 and they'll kick in your door,remove your kids and steal everything from your last slice of bread to your shit stained underwear till you pay.the biggest mob in history...all backed by the powers of the rich...

[Griffith]

Till not long along there was not VAT either.

In the UK its 20% and in some European countries almost 25%.

Plus, a worker loses about a third of their pay to tax.

There should really be some slack for people who are breaking their backs everyday and don't earn much money anyway.

[Straw Man]

In 1900 at all 3 levels US govt too approx 7 percent of the nations income.

Today that is much much higher.

Can someone explain why?

check out how much we were spending on the military 100 years ago or even right before WW2  and you'll have part of the answer

[anabolichalo]

is it getting better for people at the bottom and worse for those at the top


or worse for everyone

[muscularny]

who would of thought that what cyprus might do would ever happen, taking money from all bank accounts

[quadzilla456]

Bankers should automatically forfeit 99% of their wealth. The owners like the Rothschilds can forfeit 99.999999%. Audit them and then pay off all debts with their wealth - which they stole. You'd have money left for infrastructure projects, sending humans to Mars and beyond, beautifying the world etc.

1/1,000,000 x 500(1,000)(1,000)(1,000,000) =  500,000,000 = 500 million dollars or 1/millionth left of their wealth. Still generous by any standards.

[Griffith]

who would of thought that what cyprus might do would ever happen, taking money from all bank accounts

It's insane. Governments really are the biggest criminals.

They demand money from you and if you don't give it to them they can put you in jail or worse and ruin your future by blacklisting you.

Complete gangsters.

[Voice of Doom]

Not only are taxes higher but the dollars you earn have 99% less purchasing power than 100 years ago.

[jwb]

Start a cash based business and cheat on your taxes.

[anabolichalo]

Start a cash based business and cheat on your taxes.

like what

[Jadeveon Clowney]

like what

strip clubs and

liquor stores in poor neighborhoods.

generally a good proposition, except i think someone from one of the neighborhoods followed me home one night and stole the wheels off my escalade.

[Jadeveon Clowney]

I can confirm that BIG DUB's brother is a barber - he is a big patron of one of my liquor stores.

[BIG DUB]

I can confirm that BIG DUB's brother is a barber - he is a big patron of one of my liquor stores.

  you're funny!

[Tapeworm]

my brother is a barber.. he makes damn good money..all cash, doesn't claim any on his taxes..bought his own home free and clear..all cars paid for free and clear..He does have a little part time gig he does on the weekend ,that he does claim.

Then tell him to shave your sister's ass.  It's like a damn gorilla's paw in bread dough back there.

[The True Adonis]

I just found an old Article from the 50s in which my grandfather was indicted for misreporting Income from IRS to the tune of over 2 million dollars in 1951.  The top tax rate then was 90 percent and he did not want to pay.  Instead, he chose jail. 

[Shockwave]

I just found an old Article from the 50s in which my grandfather was indicted for misreporting Income from IRS to the tune of over 2 million dollars in 1951.  The top tax rate then was 90 percent and he did not want to pay.  Instead, he chose jail. 

90%? What in the holy fuck..... How in the hell did that ever happen?

[BIG DUB]

I just found an old Article from the 50s in which my grandfather was indicted for misreporting Income from IRS to the tune of over 2 million dollars in 1951.  The top tax rate then was 90 percent and he did not want to pay.  Instead, he chose jail. 

he run a still lol!?

[The True Adonis]

90%? What in the holy fuck..... How in the hell did that ever happen?

[The True Adonis]

he run a still lol!?

He wall papered the entire downstairs with 20 dollar bills and then painted over it when the FEDS closed in.  Interesting guy.  He died when I was 3-4 years old, but I remember sitting on his lap and he would write these math problems with strings of numbers and then take his hand and run down the numbers and try to calculate it all in his head by the time his hand to the end.  He would always be very accurate to the real answer when checked by a calculator.

[Shockwave]

Fuck that... so a man that makes 250k a year got to keep 25k? What incentive is there to even make money? How does that make any sense?

[The True Adonis]

I also remember finding a wallet of his in a desk with a card that said "La Kosher Nostra" and I still have a 33rd degree Mason document and the ring from one of his brothers. 

[jwb]

like what

Barber is great since there are no inputs in production.

If you do it as a restaurant you need to buy some incredients with cash at Costco and some through normal suppliers with the business account. Why? If you get investigated and you have bought a mega load of food but claim you made no money then you are screwed.

[jwb]

I also remember finding a wallet of his in a desk with a card that said "La Kosher Nostra" and I still have a 33rd degree Mason document and the ring from one of his brothers.  

Was he Peter Abeles' brother?