We (Married to a woman) always claim 0…contribute to 401ks. This is the first time we have ever paid federal income tax on our tax return and we make $200,000 year. 3 kids. Child care costs around $2000. We donated $15,000 in charity as we do every year. Tax rate 24%. No state tax.
because of the COVID early child credit disbursements (that I didn’t know we could opt out of)
We are paying $2400 We always get at least $1000 back.
FYI the IRS and the rest of the alphabet executive branch agencies never change parties or ideology…it’s been filled with Marxists for over 100 years.
if you make more you pay more i.e. “progressive” income tax brackets isn’t a tenant of capitalism. It’s a marxist form of “social injustice” wealth redistribution imported over 150 years ago and 1st implemented by Lincoln. I guess he was reading those letters written to him by Marx.
“In 1862, Abraham Lincoln signed a bill that imposed a 3% tax on incomes between $600 and $10,000 and a 5% tax on higher incomes. The law was amended in 1864 to levy a tax of 5% on incomes between $600 and $5,000, a 7.5% tax on incomes in the $5,000-$10,000 range and a 10% tax on everything higher.”
In 1848 Marx and Engels proposed that progressive taxation be used “to wrest, by degrees, all capital from the bourgeois, to centralize all instruments of production in the hands of the state.” Although communism has failed, the idea of progressive taxation, as a means of achieving “social justice,” remains ingrained in the modern liberal psyche.
A progressive income tax violates the very heart and soul of the Framer’s Constitution of liberty. Our constitutional democracy rests on the principles that individuals are equal under the law, that consent is the basis of just laws, and that the powers of the federal government are strictly limited. None of those principles are consistent with taxing incomes at progressively higher rates. The Supreme Court struck down early attempts to legislate a federal income tax, until the passage of the 16th Amendment in 1913. When the first income tax was passed by Congress in 1894, the New York Times called the legislation, “a vicious, inequitable, unpopular, impolitic, and socialistic act,” and the Washington Post added, “It is an abhorrent and calamitous monstrosity.”
having to pay taxes this year was my fault for not realizing I could opt out of Pelosi’s Plandemic Reimbursements.
the graduated income tax is NOT equal under the law. We are not all equal.
