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Anniversary of 16th Amendment to the US Constitution

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John R. Dundon II, EA
John R. Dundon II, EA

February 3rd, 2013 is the 100th anniversary of the ratification of the 16th Amendment to the US Constitution giving the federal government the right to impose the dreaded income tax. In 1913, the collection of income tax was not intended to be collected from the masses, only from the rich which at the time were people making in excess of $20,000 per year. What will it take for this country to get back to the intent of the 16th Amendment?

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