Taxes: Income Taxes
By: Jeremy D. Adams ( More Entries )
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When the Income Tax was introduced in 1913 (a very bad year for the history of America) it was 1% on incomes above $3000 and 2-7% on income between $20k-$500k. Now it is much higher. Tax slavery was born. Frank Chodorov wrote "Whichever way you turn this amendment, you come up with the fact that it gives the government a prior lien on all the property produced by its subjects." What principle does government think that they can tax our labor? That they can even require to know our income? There is none.
North Carolina ranks 11th highest in the nation for income tax collection rate and average. The top rate is 7.75% for incomes above $60k.
For a wage earner to become an entreprenuer and drive his own success, he needs to be able to save his money tax free if he desires so that he can invest in his own talents when he has enough. Not keep paying NC and Uncle Sam the biggest chunk of his pay preventing him from ever advancing.
While we cannot just reduce income taxes to zero overnight, we need to work on a plan to reduce them steadily.
North Carolina ranks 11th highest in the nation for income tax collection rate and average. The top rate is 7.75% for incomes above $60k.
For a wage earner to become an entreprenuer and drive his own success, he needs to be able to save his money tax free if he desires so that he can invest in his own talents when he has enough. Not keep paying NC and Uncle Sam the biggest chunk of his pay preventing him from ever advancing.
While we cannot just reduce income taxes to zero overnight, we need to work on a plan to reduce them steadily.
| Taxes: No Corporate Tax | Issues | Taxes |
* J.D. Adams is a member of the NC Army National Guard.
Depictions in uniform are from prior service to this
campaign and are NOT an endorsement by the Department
of Defense nor the NCARNG.