Saturday, March 9, 2013

And a Happy Belated Birthday to the 16th Amendment

From the February 1, 2013, Chicago Tribune "Happy birthday, 16th Amendment" by Gary Barron.

In case you're wondering what the 16th Amendment is, you're likely working on it right now.  This gave Congress the power to tax us which led to our beloved Internal Revenue Service.

February 3rd marked the 100th anniversary of its ratification.  "Congress shall have power to lay and collect taxes on incomes, from whatever source derived...."  At first it was just 1%, plus a graduated surtax of up to 6%.

"The Revenue Act of 1913 begat the Revenue Act of 1916, which begat the Revenue Act of 1917."  Over the years, many, many, many, many more acts came to be.

"The IRS is my shepherd, I shall not cheat.  It maketh me to file my return timely."

For Me, It's Pay and Pay and Pay.  --RoadDog

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