Without feeling any serious obligation to consider the ethics of what he wants, I have a commenter who insists upon spending other people’s money on his social causes. His name is joesix. Since religious and moral choices undergird every political system, I have been trying to change is mind about that. When joesix made this comment, I decided to do a post on the ethics of taxation, in particular, the income tax. In this case, instead of writing my own post, I decided to “reblog” one that I think does a good job, The Ethics of the Income Tax by sean.rosenthal. Consider how it begins.
Perhaps the sentiments contained in the following pages, are not YET sufficiently fashionable to procure them general favour; a long habit of not thinking a thing WRONG, gives it a superficial appearance of being RIGHT, and raises at first a formidable outcry in defense of custom.
-Thomas Paine, Common Sense
Vocally opposed to raising the income tax, Tea Party supporters realize that Americans are already overtaxed and that present and future budget problems result from an overly large, inefficient, ineffective government rather than insufficiently high tax rates. Often criticizing “class warfare” and standing firmly against raising the top income tax rate above 35%, these angry Americans embrace liberty and limited government, at least with regards to economic affairs. (continued here)
Love that quote from Thomas Paine!
As the author of The Ethics of the Income Tax continues, he talks about some absurdly high income tax rates. Don’t laugh. Instead check out 2013 – Top Federal Income Tax Rates, and check out the 1951 income tax rate on regular income. If you were already rich, and most of your income came your investments, you did not have to worry. If you wanted to get rich, however,……
Also, don’t forget to factor in inflation. What $200,000 once bought, it does not buy today.