In response to:

The 100th Anniversary of U.S. Income Taxes

Kibitzer Wrote: Feb 11, 2013 4:22 PM
And who ultimately pays those taxes on transactions - buying, selling, transporting, producing, building, value added taxes, etc.? The ultimate consumer. They are costs to businesses that are included in the price they charge for their product or service, so the final buyer is the one who pays all of the taxes that have accumulated until the final sale. These taxes hurt the poor and lower middle class much more so than the more affluent.

This week marks the 100th anniversary of the passage of the 16th amendment to the U.S. Constitution, which made it legal for the U.S. federal government to impose taxes upon the income earned by Americans. Since income tax season in the United States has officially begun, we thought we'd mark the occasion by revisiting our original Form 1040 tool, where you can find out how much of the money you earned last year would have been taken from you by Uncle Sam back in 1913!

Back then, of course, you would only have...