taxes…………………………..?

ladylafemme1: taxes…………………………..?
Lets see what taxes Americans pay.

Accounts Receivable Tax , Building Permit Tax , Capital Gains Tax , CDL license Tax , Cigarette Tax , Corporate Income Tax , Court Fines (indirect taxes) , Dog License Tax , Federal Income Tax , Federal Unemployment Tax (FUTA) , Fishing License Tax , Food License Tax , Fuel permit tax , Gasoline Tax (42 cents per gallon) , Hunting License Tax , Inheritance Tax Interest expense (tax on the money) , Inventory tax IRS Interest Charges (tax on top of tax) , IRS Penalties (tax on top of tax) , Liquor Tax , Local Income Tax , Luxury Taxes , Marriage License Tax , Medicare Tax , Property Tax , Real Estate Tax , Septic Permit Tax , Service Charge Taxes , Social Security Tax , Road Usage Taxes (Truckers) , Sales Taxes , Recreational Vehicle Tax , Road Toll Booth Taxes , School Tax , State Income Tax , State Unemployment Tax (SUTA) , Telephone federal excise tax , Telephone federal universal service fee tax , Telephone federal, state and local surcharge taxes , Telephone minimum usage surcharge tax , Telephone recurring and non-recurring charges tax , Telephone state and local tax , Telephone usage charge tax , Toll Bridge Taxes , Toll Tunnel Taxes , Traffic Fines (indirect taxation) , Trailer registration tax , Utility Taxes , Vehicle License Registration Tax , Vehicle Sales Tax , Watercraft registration Tax , Well Permit Tax , and Workers Compensation Tax.

Not one of these taxes existed 100 years ago and America was the most prosperous nation in the world, had absolutely no national debt, had the largest middle class in the world and Mom stayed home to raise the kids. , , What the hell happened?

Answers and Views:

Answer by DanE
The first federal statute imposing the legal obligation to pay a federal income tax was adopted by Congress in 1862, to pay for the Civil War. The 1862 levied a 3% tax on incomes above $ 600, rising to 5% for incomes above $ 10,000. Rates were raised in 1864. This income tax was repealed in 1872, but a new income tax statute was enacted as part of the 1894 Tariff Act.[1] However, in 1895 the Supreme Court struck down a portion of the statute as unconstitutional — specifically, the tax on income from property — as an unapportioned direct tax.

At that time, the United States Constitution specified that Congress may only impose a “direct” tax if it apportions that tax among the states according to each state’s census population.[2] In its 1895 decision the Supreme Court held that a tax on income from property was a direct tax under the Constitution, and so had to be apportioned.

The apportionment requirement made income taxes on property practically impossible, and Congress did not want to limit the income tax solely to a tax on wages. Therefore, in 1909 Congress proposed the Sixteenth Amendment, which became part of the Constitution in 1913 when it was ratified by the required number of states. The Amendment modified the requirement for apportionment of direct taxes by exempting all income taxes—whether considered direct or indirect—from the apportionment requirement. Congress re-adopted the income tax that same year, levying a 1% tax on net personal incomes above $ 3,000, with a 6% surtax on incomes above $ 500,000. References in the Internal Revenue Code to corporate earnings and profit before and after February 1913 for characterization as dividend for shareholders are there to provide a belts and suspenders protection for the validity of the tax on shareholders. By 1918, the top rate of the income tax was increased to 77% (on income over $ 1,000,000) to finance World War I. The top marginal tax rate was reduced to 58% in 1922, to 25% in 1925, and finally to 24% in 1929. In 1932 the top marginal tax rate was increased to 63% during the Great Depression and steadily increased, reaching 94% (on all income over $ 200,000) in 1945. Top marginal tax rates stayed near or above 90% until 1964 when the top marginal tax rate was lowered to 70%. The top marginal tax rate was lowered to 50% in 1982 and eventually to 28% in 1988. During World War II, Congress introduced payroll withholding and quarterly tax payments.

At first the income tax was incrementally expanded by the Congress of the United States, and then inflation automatically raised most persons into tax brackets formerly reserved for the wealthy until income tax brackets were adjusted for inflation. Income tax now applies to almost ⅔ of the population [1]. The lowest earning workers ($ 20,000 in 2000) pay no income taxes as a group and actually get a small subsidy from the federal government because of child credits and the Earned Income Tax Credit.

Some lower income individuals pay a proportionately higher share of payroll taxes for Social Security and Medicare than do some higher income individuals in terms of the effective tax rate. All income earned up to a point, adjusted annually for inflation ($ 94,200 for the year 2006 and $ 97,500 for the year 2007) is taxed at 7.65% (consisting of the 6.2% Social Security tax and the 1.45% Medicare tax) on the employee with an addition 7.65% in tax incurred by the employer. The annual limitation amount is sometimes called the “Social Security tax wage base amount” or “Contribution and Benefit Base.” Above the annual limit amount, only the 1.45% Medicare tax is imposed. In terms of the effective rate, this means that a worker earning $ 20,000 for 2006 pays at a 7.65% effective rate ($ 1,530) while a worker earning $ 200,000 pays at an effective rate of about 4.37% ($ 8,740).

Self employed people pay the entire 15.3%, although they are allowed to deduct one-half of this amount from their total income when they file income taxes.[3] Above these payroll taxes presumably pay into the Social Security Trust Fund and Medicare Trust Funds that they will then draw on when the worker grows older.

The federal government is now financed primarily by personal and corporate income taxes. While it was originally funded via tariffs upon imported goods, tariffs now represent only a minor portion of federal revenues. There are also non-tax fees to recompense agencies for services or to fill specific trust funds such as the fee placed upon airline tickets for airport expansion and air traffic control. Often the receipts intended to be placed in “trust” funds are used for other purposes, with the government posting an IOU (‘I owe you’) in the form of a federal bond or other accounting instrument, then spending the money on unrelated current expenditures.

Answer by Kinetic
Capitalism happened. Followed By Greed. Followed by over population. and don’t forget….Walmart.

Answer by momof soon2b3
omg that is like a kick in the butt, I never realized that we are taxed soooo much, yuck!!!

Answer by acmeraven
The politicians in washington and our state capitals decided that we should send them the money since they could spend it more wisely than the low life taxpaying scum citizens who sweat to earn it.

Answer by taram
You are totally right. I think we are all electing the wrong people to Congress.

Answer by Mathew
How many of those are the result of a public demand for services?. 100 years ago people did things for themselves and did not demand that government take care of them.

Answer by RickC
We found out that we can vote ourselves money.

Answer by imputh
WOW. lol. thats crazy amount. never really realized that. i didnt know that not one of those existed a hundred years ago. well lets see we got some presidents that werent careful and we went to war like 50 million times