Jack Kingston: “let me give the gentleman a statistic that was sent to me by my friend, a Dr. Whitaker of Warner Robins, GA. In 1913…”

“let me give the gentleman a statistic that was sent to me by my friend, a Dr. Whitaker of Warner Robins, GA. In 1913 when the original income tax went into effect, if you had an income of $20,000, your tax rate was 1 percent. If you average out a $20,000 income in 1913 to today's dollars, that would be the equivalent of making $298,000 a year. So for us today to have the same rates as we originally had on the income tax in 1913, someone making $298,000 a year would have a tax rate today of 1 percent. So the tax rate has just gone up and up and up and up, since we know that not to be the case. Even somebody making $20,000 a year would jump on paying the 1-percent tax. Incidentally, the highest tax in 1913, the highest percentage was 7 percent. And now the average for middle-class Americans is about 24 percent, easily 30 percent for many people, and 33 percent and on up.”