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March 15, 2021 1:00 am at 1:00 am
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Re: progressive taxation.
1894 US debate on income tax referred to Biblical source of 10% income tax, and after that used their testament to argue for progressive tax – exempting first $4,000 of income. In practical terms, it made tax very popular and easy to pass as most people were fully exempt. The opponents referred to “not stealing and Rehovoam excessive taxation.