In honor of Thomas Paine and other Founders & Immigrants. In memory of my daddy Horst Bingel and my mom Irma Bingel
Friday, August 21, 2026
How America Prospered Before the Introduction of the Income Tax in 1913
Wednesday, July 08, 2026
Britain needs tax code simplification
Friday, April 17, 2026
'The Rich Don't Pay Their Fair Share' and 4 Other Tax Myths That Won't Die
Recommendable!
The argument regarding the Myth No. 5 is flawed. Yes, tax cuts that stimulate economic growth, labor force participation etc. pay for themselves if government exercises restraint on expenditures!
"Myth No. 1: The Rich Don't Pay Their Fair Share ...
Myth No. 2: We'll Fix the Budget Deficit by Taxing the Rich ...
Myth No. 3: If You Can't Tax the Rich, Tax Corporations ...
Myth No. 4: Capital Gains Should Be Taxed Like Ordinary Income ...
Myth No. 5: Tax Cuts Pay for Themselves ..."
'The Rich Don't Pay Their Fair Share' and 4 Other Tax Myths That Won't Die "The United States has the most progressive income-tax system in the developed world"
Saturday, September 27, 2025
Top 20% of income-earning families in Ontario pay 58% of all taxes in this province of Canada
Thursday, June 26, 2025
Arizona Voters To Decide On Ban Of Vehicle Miles Traveled Taxes in the midterm elections of 2026. Really!
Saturday, April 20, 2024
Remember That the U.S. Federal Income Tax did not even exist until 1913
The very first Internal Revenue Service Form 1040, introduced in 1913 after the ratification of the 16th Amendment, was remarkably straightforward compared to what we know today. It was only four pages long, including instructions, and the top tax rate was 7 percent on incomes above $500,000, which is over $15 million in today's dollars. Some people were horrified by a 7 percent tax and warned that it could put us on a slippery slope to higher rates—maybe even above 10 percent (!)—imposed on a vast majority of people. They were called crazy for fearing such a thing. ...
In addition, contrary to common belief, the U.S. income tax system is actually quite progressive. According to the Tax Foundation, "though the top 1 percent of taxpayers earn 19.7 percent of total adjusted gross income, they pay 37.3 percent of all income taxes. Just 3 percent of taxes are paid by the lowest half of income earners.""
Thursday, December 21, 2023
Scotland announces new 45% income tax band for high earners and 48% on top earners. Really!
Thursday, December 07, 2023
Mali and Niger to end unlawful colonial tax agreements with France
Sunday, October 23, 2022
The history of taxes (1/2)
Saturday, November 04, 2017
A Brief, Government Greed History Of The U.S. Federal Income Tax
Lowest
|
Highest
| |||||
Income Year
|
Tax Rate
|
Bracket
|
Tax Rate
|
Bracket
|
Max No. Of Brackets
|
Notes
|
2013
|
10%
|
<= $0 - $8,925
|
39.6%
|
> $388,350
|
7
|
Barack Obama
|
2012
|
10%
|
<= $0 - $8,700
|
35%
|
> $388,350
|
6
| |
2004
|
10%
|
<= $0 - $7,150
|
35%
|
> $319,100
|
6
| |
2003
|
10%
|
<= $0 - $7,000
|
35%
|
> $311,950
|
6
| |
2002
|
10%
|
<= $0 - $10,000
|
38.6%
|
> $307,050
|
6
| |
2001
|
15%
|
<= $0 - $22,600
|
39.1%
|
> $297,350
|
5
|
George W. Bush
|
2000
|
15%
|
<= $0 - $21,925
|
39.6%
|
> $288,350
|
5
| |
1997
|
15%
|
<= $0 - $20,600
|
39.6%
|
> $271,050
|
5
| |
1996
|
15%
|
<= $0 - $20,050
|
39.6%
|
> $263,750
|
5
| |
1995
|
15%
|
<= $0 - $19,500
|
39.6%
|
> $256,500
|
5
| |
1994
|
15%
|
<= $0 - $19,000
|
39.6%
|
> $250,000
|
5
| |
1993
|
15%
|
<= $0 - $18,450
|
39.6%
|
> $250,000
|
5
|
William Clinton
|
1992
|
15%
|
<= $0 - $17,900
|
31%
|
> $51,900
|
3
| |
1991
|
15%
|
<= $0 - $17,000
|
31%
|
> $49,300
|
3
|
Confiscatory again! George H. W. Bush
|
1990
|
15%
|
<= $0 - $16,225
|
28%
|
> $19,450
|
2
| |
1989
|
15%
|
<= $0 - $15,475
|
28%
|
> $18,550
|
2
| |
1988
|
15%
|
<= $0 - $14,875
|
28%
|
> $17,800
|
2
|
Hurrah! Best of times have finally returned
|
1987
|
11%
|
<= $0 - $1,500
|
38.5%
|
> $54,000
|
5
| |
1986
|
0%
|
<= $1,835
|
50%
|
> $88,270
|
16
| |
1985
|
0%
|
<= $1,700
|
50%
|
> $85,130
|
16
| |
1984
|
0%
|
<= $1,700
|
50%
|
> $81,800
|
16
| |
1983
|
0%
|
<= $1,700
|
50%
|
> $55,300
|
16
| |
1982
|
0%
|
<= $1,700
|
50%
|
> $41,500
|
14
|
Ronald Reagan
|
1979
|
0%
|
<= $1,700
|
70%
|
> $108,300
|
17
|
Single taxpayer
|
1978
|
0%
|
<= $1,600
|
70%
|
> $182,200
|
34
| |
1977
|
0%
|
<= $1,700
|
70%
|
> $182,000
|
34
|
Jimmy Carter
|
1965
|
14%
|
$0 - $1,000
|
70%
|
> $180,000
|
33
| |
1964
|
16%
|
$0 - $1,000
|
77%
|
> $200,000
|
36
|
John F. Kennedy & Lyndon B. Johnson
|
1955
|
22%
|
$0 - $2,000
|
91%
|
> $300,000
|
26
| |
1954
|
22%
|
$0 - $2,000
|
91%
|
> $200,000
|
26
| |
1953
|
22.2%
|
$0 - $2,000
|
92%
|
> $200,000
|
26
| |
1952
|
22.0%
|
$0 - $2,000
|
91%
|
> $200,000
|
26
| |
1951
|
20.4%
|
$0 - $2,000
|
91%
|
> $200,000
|
24
| |
1946
|
20%
|
$0 - $2,000
|
91%
|
> $200,000
|
24
|
Harry Truman
|
1944
|
23%
|
$0 - $2,000
|
94%
|
> $200,000
|
24
|
World War II. Absolutely insane
|
1942
|
19%
|
$0 - $2,000
|
88%
|
> $200,000
|
24
|
World War II
|
1941
|
10%
|
$0 - $2,000
|
81%
|
> $5,000,000
|
32
|
World War II
|
1936
|
4%
|
$0 - $4,000
|
79%
|
> $5,000,000
|
33
|
Franklin D. Roosevelt
|
1932
|
4%
|
$0 - $4,000
|
63%
|
> $1,000,000
|
55
|
Herbert Hoover
|
1925
|
1.5%
|
$0 - $4,000
|
25%
|
> $100,000
|
23
|
Calvin Coolidge & Andrew Mellon
|
1924
|
2%
|
$0 - $4,000
|
46%
|
> $500,000
|
45
| |
1919
|
4%
|
$0 - $4,000
|
73%
|
> $1,000,000
|
57
| |
1918
|
6%
|
$0 - $4,000
|
77%
|
> $1,000,000
|
56
| |
1917
|
2%
|
$0 - $2,000
|
67%
|
> $2,000,0000
|
21
|
World War I. Woodrow Wilson
|
1916
|
2%
|
$0 - $20,000
|
15%
|
> $2,000,0000
|
16
| |
1913
|
1%
|
$0 - $20,000
|
7%
|
> $500,000
|
7
| |
- The data focus on lowest and highest brackets irrespective of the how taxpayers were classified by tax code (e.g. married couple filing joint returns or head of household etc.)
- Focus is here is on single taxpayer rates after they were first introduced with income year 1971
- Before income year 1971, focus is on head of household taxes. Head of household was introduced with income year 1952
- The U.S. was for most of the years since 1913 a highly socialist country as supported by the historical data of the U.S. federal income taxes. For the land of the free, this is absolutely shocking. That the American people have put up with this without rebellion is incredible. Where was the tea party long ago?
- Urgently needed Constitutional Amendments:
- No tax rate of any major single tax or any combination of major taxes (e.g. sales & income, state and federal etc.) should be allowed to exceed 30%
- Minor taxes should be prohibited (e.g. so called sin taxes, fuel taxes etc.)
- There were only two presidents since 1913 who dared and succeeded in reversing this highly socialist taxation regime: Calvin Coolidge & Ronald Reagan. Both presidents were awarded with incredible economic booms
- The magnificence of the Reagan Revolution becomes even more apparent when looking at the above table
- A great tax reform would be a flat rate federal income tax of only 10% for every income and tax payer
- The extraordinary preferential treatment of married couples filing jointly has been outrageous compared to e.g. single taxpayers. The category of married couples filing jointly should have never been introduced in the tax code! When majorities rule, injustice happens!
