Over eighty years later, we're still saddled with this burden. And personal income tax makes up the bulk of it. But the problem of government aggrandizing itself and ever increasing the taxes it levies is not the main problem. The big problem is the failure of government to take a long term view of things. A failure to see the harm that taxes do to an economy.
Government believes the old saw that nothing is certain but death and taxes.
This despite the fact that the income tax was explicitly introduced as a temporary wartime measure. T. Rowe Price Invest with the confidence you need in today's unsure market. T. Rowe Price can give you that confidence with all the services, personnel and experience that you have been looking for. Offers accredited investors private equity high growth investment opportunities and entrepreneurs funding via UK venture capital.