All Posts Tagged With: "progressive income tax"

Taxation 101

Is it asking too much for reporters to know the difference between taxes paid and the percentage of income paid in taxes? Despite what the reporters imply, Warren Buffett did not pay less in taxes than his secretary, even if he paid a smaller percentage of his income in taxes.

24Jan2012 | Sheldon Richman | 4 comments | Continued

Two Presidents, Two Philosophies, and Two Different Outcomes

In the White House, Wilson intended to be a strong president working with a “living Constitution.” He promoted the expanding of “beneficent” government into new areas. In his second year as president he concluded that shipping rates were too high, and he blessed his secretary of treasury’s plan to regulate overseas shipping rates and the companies doing the shipping.

1Jun2007 | Burton W. Folsom Jr. | 0 comments | Continued

The Progressive Income Tax in U.S. History

America’s founders rejected the income tax entirely, but when they spoke of taxes they recognized the need for uniformity and equal protection to all citizens. “[A]ll duties, imposts and excises shall be uniform throughout the United States,” reads the U.S. Constitution. And 80 years later, in the same spirit, the Fourteenth Amendment promised “equal protection [...]

1May2003 | Burton W. Folsom Jr. | 43 comments | Continued

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