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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Srexley who wrote (145413)	5/14/2001 7:27:30 PM
From: Scumbria	Read Replies (3) \| Respond to of 769670

Srexley, Everybody pays for the National Debt. Your tax bill last year went 20% to pay interest on the debt. We have a surplus right now, and Bush's proposal to give most of it away to millionaires, while claiming it is for the middle class to pay gas, is cynical and obscene. Scumbria

To: Srexley who wrote (145413)	5/14/2001 8:25:40 PM
From: Gordon A. Langston	Respond to of 769670

The first tax was paid in 1914. J.D. Rockefeller paid nearly 3% of the $71 million. Scumbria's grandfather made a token payment as noted below.;) The first tax collection day under the new law took place on March 1, 1914. Since the average worker earned only about $800 a year, few people actually had to pay any federal income tax. Less than 4 percent of American families made an annual income of $3,000 or more. Deductions and exemptions further shrank the pool of taxpayers. Nevertheless, the federal government collected $71 million that first year. Millionaire John D. Rockefeller alone paid an estimated $2 million. All in all, most Americans thought the new tax was a great idea. One taxpayer wrote to the Bureau of Internal Revenue, "I have purposely left out some deductions I could claim, in order to have the privilege and the pleasure of paying at least a small income tax. . . ."