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The points in Marx’s now iarnous Communist Manifesto pro vide a convenient summary of the communist program, and come from the father of socialism himself. How far has the U.S. gone along the course it outlined?
In the Communist Manifesto £arl Marx demanded: “A heavy progressive or graduated income tax.”
In America, the 16th Amendment, which became effective in 1313, provided: “The Congress shall have power to lay and collect j taxes on income from whatever source derived without apportionment among the several states, and without regard to any census or enumeration.”
In 1913 the normal tax was 1% plus a surtax of 1% to 6% of all incomes over $20,000. In 1960 the rate had been increased on incomes from $2,000 to $4,000 to 22 %; and on incomes in excess of $200,000, to 91%. The 16th amendment opened the way to the “heavy progressive or graduated income tax,” the first plank in the Marx program of communism.
In the Communist Manifesto Karl Marx next called •for : “The abolition of all right of inheritance.”
In America in 1916 the top federal tax on inheritance was 10%. By 1950 the maximum rate had reached 77%. America had moved three-fourths of the way to the complete acceptance of another
50.9%