Witholding...in the beginning only 3% paid an income tax
Witholding was proposed by economist Milton Freidman who also instructed the govt. that it was only to be used for the 2nd world war effort….otherwise it would screw up the economy.
People hold up the Al Capone case as the ultimate tax evader …but such was NOT the case. As Patrick revealed the income tax was largely UNHEARD of. Very few people arose to the level to require payment. According to sources, Al Capone was heard to remark paraphrased, “A tax payable to the federal government? Huh? Well pay them….I pay off all the other government officials and there is no law on that…what’s 3%...big deal…cheap protection money…pay em!’”
The AL Capone case was mock-tried at a law school around 1990….Al was acquitted.
The PRINCIPLE kind of sounds like WITHHOLDING, DOESN'T it?
In 1939 only about five percent of American workers paid income tax.
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