- Apr 1, 2011
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I had read that when income taxes were first instituted, the STANDARD DEDUCTION, was equivalent to $68,000 in today's dollars. Income tax was never meant to hit the middle class or lower, I suppose?Tax expenditures equals "Tax Write offs", in other words, have a FLAT progressive tax rate, and not have all of these things that are deductible through the long form.... maybe a lower "progressive tax rate" where everyone is treated the same as far as not having all of these things that can be written off to lower their tax rate
I would like to see a flat income tax rate on all income earned in excess of $50,000 a year.
Actually, that's exactly what the progressives who pushed it intended. Anyone who believes progressive lies is the ultimate fool. We normally call these people "Democrats."