For over 100 years now, the federal government has been collecting income taxes from the pockets of Americans. The income tax turned 100 on February 13, 1913. It was a progressive idea that came into fruition during the American Progressive movement. With the revenue that the income tax raised, the size and scope of the federal government has grown beyond imagination. Even today the federal government can't seem to squeeze enough tax dollars out of taxpayers' pockets. Truthfully speaking, the government can't stop their reckless spending ways. President Obama intends on raising taxes to yet another level this year. Some tax rates automatically kicked in when certain provisions of the 2001 & 2003 Bush tax cuts weren't renewed. On top of that new taxes were levied in January of this year to pay for Obamacare, where the key provisions of that program will kick into gear next year.
To read the full story, click on the above link from Heritage.org.
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