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Politics : Formerly About Advanced Micro Devices
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To: James Seagrove who wrote (1113708)1/28/2019 1:18:36 AM
From: Wharf Rat1 Recommendation

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Celtictrader

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" If every person and entity paid 10% of net",
we wouldn't be the USA.

The Revenue Act of 1862 (July 1, 1862, Ch. 119, 12 Stat. 432), was a bill the United States Congress passed to help fund the American Civil War. President Abraham Lincoln signed the act into law on July 1, 1862. The act established the office of the Commissioner of Internal Revenue, a department in charge of the collection of taxes, and levied excise taxes on most items consumed and traded in the United States. The act also introduced the United States' first progressive tax with the intent of raising millions of dollars for the Union.
en.wikipedia.org

"I apologize for the inequities in the practical applications of the tax, but if we should wait before collecting a tax to adjust the taxes upon each man in exact proportion with every other, we shall never collect any tax at all."
A. Lincoln

forbes.com
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