Today is April 15, Tax Day.
The federal government will consume 20.5 percent of America’s total income this year. It’s not as bad as in France or Greece, but somewhat worse than when we formed these United States. When we were Colonies under the British, the average tax burden on American colonists was 2 percent. That was considered unbearable, and the revolution was on.
There has been some slippage over the years. The 16th Amendment allowing the income tax opened the door to truly European, supersized government.
It could be worse, though.
Barack Obama was elected with his promise that he would never sign “any form of tax increase” on any American earning less than $250,000. The promise was very specific and repeated throughout the campaign for emphasis.
“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital-gains taxes, not any of your taxes,” said Mr. Obama in September 2008.