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Arise, you have nothing to lose but your barbed wire fences!

1996-01-27 - Re: “Gentlemen do not read each other’s mail”

Header Data

From: Alan Horowitz <alanh@infi.net>
To: Jon Lasser <jlasser@rwd.goucher.edu>
Message Hash: da52e725924770e6b2d8c63c23a71294a5ea9682c4ad0a14652086b83ab14943
Message ID: <Pine.SV4.3.91.960126211149.24886C-100000@larry.infi.net>
Reply To: <Pine.SUN.3.91.960126103914.25000B-100000@rwd.goucher.edu>
UTC Datetime: 1996-01-27 03:01:06 UTC
Raw Date: Sat, 27 Jan 1996 11:01:06 +0800

Raw message

From: Alan Horowitz <alanh@infi.net>
Date: Sat, 27 Jan 1996 11:01:06 +0800
To: Jon Lasser <jlasser@rwd.goucher.edu>
Subject: Re: "Gentlemen do not read each other's mail"
In-Reply-To: <Pine.SUN.3.91.960126103914.25000B-100000@rwd.goucher.edu>
Message-ID: <Pine.SV4.3.91.960126211149.24886C-100000@larry.infi.net>
MIME-Version: 1.0
Content-Type: text/plain



> In fact, before FDR, wage income was taxed; however, it was one large 
> check at the end of the yeraar (or the beginning of the next, really).

  I think this wrong. Read the definition of "income" before the WWII. 
Wages were considered to be an equal exchange for labor services 
rendered, not a "gain" (income).


> The high cost of WW II made it a necessity for the gvm't to have more 
> money at a particular moment, and not wait for year-end.

    Not so. Govt has been able to print fiat money at will since the Fed 
Reserve was founded in 1913.




> the income tax was passed; however, the income tax (and wage income was 
> most certainly taxed) was AFAIK implemented by the end of the 19th century.

     That income tax was overthrown by the Supreme Court as not being 
apportioned amongst the states, as required by the Constitution.

     Technically, the income tax is an excise, not a tax. They aren't the 
same.

Thread