Taxes Part II: What Is a 'Fair' Income Tax Rate?

The history of taxation in American has a long and infamous history. Since the imposition of the very first tax --- The Navigation Tax of 1651 --- taxes have been wildly unpopular in America. When the Constitution was written and ratified, the only taxes allowed were to pay the debt and provide for the common defense and general welfare. At times, taxation was implemented during wars to fund the government and the war effort, with no intention of becoming permanent. However, since 1913, the United States of America has adhered to a communist plank second only to the abolition of all private property: a progressive or graduated income tax.

What purpose does an income tax serve? In our four-part series on taxes, we'll explore its history in America and how a tax once promised to never climb above seven percent has, at times, ballooned to 77 percent at the hands of an out-of-control government.

Part II: What Is a 'Fair' Income Tax Rate?

Americans hear the refrain "fair share" virtually every day from left-wing sources like socialist Bernie Sanders and progressive Hillary Clinton who believe businesses and the rich must pay their fair share of taxes.

So what is the fair share for the wealthy? It's nearly impossible to pin the left down on an actual number. According to them, it's simply more --- more than the 42.6 percent in federal taxes currently being paid by those in upper income brackets. It's apparently entirely fair to the left that 50 percent of Americans right now pay zero federal income tax, and some even enjoy what's called a negative tax rate.

FDR told Americans paying higher taxes was a privilege. He also believed, at a times of great national danger, no American citizen ought to have a net income of more than $25,000 a year after paying taxes. It seems reasonable to assume that Karl Marx would have agreed. The outrageously high taxes throughout the '30s and the '40s certainly didn't help America pull out of the worst depression in American history.

As it stands now in the United States, the top one percent of wage earners, those who are continually disparaged by the left in America, bring home nearly 18 percent of the nation's income. But they pay 35 percent of all federal income taxes. That would seem, to some, almost double their fair share.

So what happens when the tax rate is raised significantly? Study after study has shown that when taxes are lowered, it stimulates the economy and brings in more revenue. For example, during the Roaring Twenties, tax rates were slashed dramatically, dropping from over 70 percent to less than 25 percent. Personal income tax revenues increased from $719 million in 1921 to $1,164,000,000 in 1928, an increase of more than 61 percent. Increasing taxes also hurts the tax base, as oftentimes people and businesses flee higher tax states for lower tax states.

In 2012, French socialist candidate for president, Francois Hollande, proposed a massive 75 percent income tax on the wealthiest citizens. It didn't go over well with some of France's most well-known millionaires. French actor Gerard Depardieu was personally handed a new Russian passport by the President Vladimir Putin after Depardieu was granted Russian citizenship. The tax revenue from the super tax was down significantly from the first year to the next, while the deficit skyrocketed another $97 billion. In January of 2015, the French government quietly killed the tax.

Unfortunately, historic lessons once learned have been unlearned. Instead, the mindset is now this very much in step with the socialist and communist planks of punishing the wealthiest producers with the highest taxes --- completely antithetical to the Founders' position on taxation.

Listen to the Full Series on Taxes

Part I: How Income Tax Began

Part II: What Is a 'Fair' Income Tax Rate?

Part III: The Reagan Years

Part IV: The 2016 Candidates

POLL: Should Universities allow pro-Hamas protests?

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Just one day after Hamas’s surprise attack on Israel, which left over 1,400 people Israelis dead, 34 different student groups from Harvard University wrote a joint statement pinning the blame of Hamas' terrorist attack on Israel. In the following days after publishing this callous statement, these students staged a walkout and rallied in support of the Palestinians. As Glenn has discussed, this is not an isolated event, and campuses across the country have hosted similar rallies where antisemitic jargon like "we don't want no Jew state" and "globalize the intifada" is freely spewed.

Should Universities allow pro-Hamas protests?

While the Universities have not officially backed any of these rallies or student groups that organized them, they haven't stopped them either, which raises the question: should they? On one hand, these are American students in American Universities, who are protected by the First Amendment. On the other hand, history tells us how dangerous antisemitism is if left unchecked; and what of the rights of Jewish students to be safe on the campuses they pay to attend? Let us know what you think in the poll below:

Should Universities allow pro-Hamas protests? 

Would you feel safe if your child attended a University that allowed pro-Hamas protests?

 Should Universities allow pro-Israel protests?

Is pro-Hamas rhetoric protected by the First Amendment?

POLL: What do YOU think Israel should do about Gaza?

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Should Israel take over Gaza after defeating Hamas? This contentious historical question has resurfaced amid Israel's retaliatory airstrikes in Gaza following Hamas' terror attacks, which resulted in the greatest death of Jews since the Holocaust. Biden and the global elites have warned Israel against occupation of the Palestinian territory. When asked on 60 Minutes if he would support the Israeli occupation of Gaza, Biden said, “I think it would be a big mistake.” Today Glenn responded to Biden’s answer: “I don't think it's a mistake to occupy."

This has been a long-standing, polarizing issue that is now more relevant than ever, and we want to hear YOUR thoughts. Let us know in the poll below:

Would you support an Israeli occupation of Gaza?

Do you think the Israeli airstrikes in Gaza are justified?

Do you think a two-state solution is still possible?

Funding IRAN?! Here are the TOP 5 reasons Joe Biden should be IMPEACHED

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On September 12th, the House announced an official impeachment inquiry into Joe Biden with allegations of abuse of power, obstruction, and corruption. Naturally, the media quickly jumped to the President’s aid claiming that “there is no evidence to support these claims” and that the whole affair is a witch hunt.

If you’ve been listening to Glenn, you know that this is simply not the case. Biden has been committing impeachment-worthy deeds before he even stepped foot into the Oval Office—there’s no shortage of evidence to justify this inquiry. Here are 5 scathing reasons why Biden should be impeached:

He was responsible for the Afghanistan withdrawal disaster.

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The Biden administration began with the US's disastrous withdrawal from Afghanistan. Under his watch, Biden left thousands of US citizens and allies stranded in the Taliban's hostile regime. Countless Afghan allies have been murdered by the Taliban due to the Biden administration's negligence.

He was involved with Hunter Biden's illicit foreign business dealings.

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There is clear evidence that Joe Biden was more than aware of his son Hunter's foreign business dealings. From suspicious money laundering through the Biden family's accounts to Joe's involvement with important business meetings within Hunter's company, there is mounting evidence to warrant an impeachment inquiry.

He lied about his involvement with Hunter's business dealings.

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Not only did Biden involve himself with his son's less-than-legal foreign business ventures, but he lied to the American people about it too, claiming he had NO KNOWLEDGE of what was going on.

He failed to protect the Southern border, and actively made it worse.

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Biden singlehandedly turned the Southern border into the worst illegal immigration crisis in US history. He reversed many policies set in place by the Trump administration, resulting in 2.3 million illegal immigrants flooding into the US under his watch, a historic high.

He sent IRAN AND HAMAS BILLIONS OF DOLLARS.

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Biden reversed the Trump-era policy that halted all funds going into Iran. The Wall Street Journal revealed the smoking-gun evidence proving that Iran trained AND funded Hamas before its gruesome terror attacks against Israel. Moreover, shortly before the attacks, the Biden administration unfroze $6 BILLION dollars of Iran's assets as a part of a prisoner swap. On top of this, Biden resumed $200 million worth of "humanitarian aid" to Gaza that Trump had ended—because the money was being used to buy weapons for Hamas.

Top 5 economic milestones that show HOW BAD Bidenomics has made the economy

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From groceries to house prices, everything seems to get more expensive, and you can thank Biden for that. Glenn recently exposed the truth about 'Bidenomics' and the havoc it has wrought on the American economy. Here are five economic milestones during the Biden administration that expose the glaring track record of "Bidenomics:"

In July 2022, the inflation rate hit 9.1 percent, a 40-year record high.

In June 2022, gas hit an all time record high of $5 a gallon for the national average.

61 percent of Americans are living paycheck to paycheck as of this September.

Interest rates reached a 15-year high at 5.25 percent and are still increasing.

Americans have $1 trillion in collective credit card debt, in part due to food/staple pieces being very high.