The 16th Amendment: How the U.S. Federal Income Tax Became D.C. s Favorite Political Weapon
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The American Revolution was sparked in part by unjust taxation. After all, the colonists in Boston rebelled against Britain for imposing “taxation without representation,” and summarily tossed English tea into the harbor in protest in 1773.
Nowadays Americans collectively spend more than 6 billion hours each year filling out tax forms, keeping records, and learning new tax rules according to the Office of Management and Budget. Complying with the byzantine U.S. tax code is estimated to cost the American economy hundreds of billions of dollars annually – time and money that could otherwise be used for more productive activities like entrepreneurship and investment, or just more family and leisure time.
History with Phil: Lame duck phrase initially had nothing to do with politics ravallirepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ravallirepublic.com Daily Mail and Mail on Sunday newspapers.