The Income Tax: Root of all Evil by Frank Chodorov

Author:Frank Chodorov [ Chodorov, Frank]
Language: eng
Format: epub
ISBN: 9781610160117
Publisher: The Devin-Adair Company
Published: 1954-11-06T16:00:00+00:00

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1 For a number of years between 1801 and 1890, except during the Civil War, the revenues of the country equaled its expenses or sometimes showed an embarrassing surplus.

2 Initially, the “social security” tax was 1 percent of all taxable wages up to $3,000 per annum, paid by both employer and employee. In 1951, the tax was extended to wages of $3,600. In 1951, also, “self-employed” persons were pulled in; now they too must pay for “social security,” whether they want the “insurance” or not, and the rate, which was set at 2 ¼ percent in 1951, rises each year until it reaches the maximum of 4 7/8 percent in 1970. The rates on employer and employee also rise from the initial rate of I percent to the 1970 limit of 3 ¼ percent.

3 Said Bismarck: “I acknowledge unconditionally a right to work and I will stand for it as long as I am in this place. But here I do not stand upon the ground of Socialism… but on that of Prussian common law.” Prussian common law, drawn up during several reigns, and finally codified and promulgated by Frederick II, contained the following:

1. It is the duty of the State to provide sustenance and support of its citizens who cannot… provide subsistence for themselves.

2. Work adapted to theft strength and capacities shall be supplied….

6. The State is entitled and is bound to take such measures as will prevent destitution of its citizens and check excessive extravagance.

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