The Income Tax

     Up until 1913, the United States of America had no income tax. That might come as a surprise to many, because they grew up believing it was always there. No, a brief overview of history shows that we actually went a long time with little to no taxes. America's war with Britain ignited over just a small, single-digit 3% tax.

     So why do we have it today? Prior to World War II, only a few people in America were even paying an income tax at all - about 3%. In 1942 under Franklin D Roosevelt, the income tax was implemented to all americans to help fund the war, and it was supposed to be repealed after the war was over. The problem is - it wasn't.

     Today, talks of repealing the income tax have heightened as the public becomes more aware of this issue via the internet or political candidates such as Ron Paul pushing the issue to the forefront during his campaigning for president. As it stands, we still pay a tax on our income for no reason at all, and there is no foreseeable repealing of it in the near future, regardless that doing so would be beneficial and would create a lot of job insourcing in America.