Page 13 - 16th Amendment News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This way. when the 16th amendment was ratified in 1913, it gave congress the power to establish for only the second time in our history a federal income tax. the first time was back in abe lincoln's day to pay for the civil war. and when the war ended, so did the tax. so how did that 1913 income tax look? well, for starters, you weren't even taxed until you made over $67,000 in today's money. at a rate of only 1%. it stayed that way until you made today's equivalent of $375,000, when the rate doubled to 2%. it maxed out at 7% if you made $11 million in today's dollars. that's what we call a pr...

You've got the potential offering of democratic candidates not to run in placement for possible high-level offices. there's a lot of stuff out there, and if anything is found true, we should hold those people accountable. >> i want to go through what your ad says. you stand by the ad, of course? >> absolutely. >> okay. let's talk about the progressive income tax. would you like to replace it? >> absolutely. i'd love to replace it with a fair tax. >> and you'd like to get rid of the 16th amendment to the constitution which created it back in 1913, get rid of the whole thing? >> absolutely. i th...

Fraud, tax evasion. the potential offering of democratic candidates not to run in replacement for possible high-level offices, a lot of stuff out there and if anything is found true we should hold those people accountable. >> i want to go through what your ad says. you stand by the ad, of course? >> absolutely. >> okay. let's talk about the progressive income tax. would you like to replace it? >> absolutely. i'd love to replace it with a fair tax. >> and you'd like to get rid of the 16th amendment to the constitution which created it back in 1913, get rid of the whole thing? >> absolutely. i t...

Then been comith illegal acs? >> again, you just look back over the years. there are several caught for tax fraud, tax evasion. you've got the potential offering of democratic candidates not to run in placement for possible high-level offices. there's a lot of stuff out there, and if anything is found true, we should hold those people accountable. >> i want to go through what your ad says. you stand by the ad, of course? >> absolutely. >> okay. let's talk about the progressive income tax. would you like to replace it? >> absolutely. i'd love to replace it with a fair tax. >> and you'd like to ...

That's my choice. because with national, i roll past the counter... and choose any car in the aisle. oh, buck chooses the blue one! [ male announcer ] go national. go like a pro. choosing your own car? now, that's a good call. an ex-con is back in politics. traficant filed papers today to run for congress in ohio's 17th district. that's tim ryan's district as an independent. traficant is one of the more colorful members to serve in congress. he served seven years in prison for racketeering, taking bribes and filing false tax returns before his release last year. he says his main goal now if ...