How the Income Tax Shifted Burden to the Middle Class

Name: How the Income Tax Shifted Burden to the Middle Class
Uploaded: 2026-07-18
Duration: 5 min 55 s
Channel: djvlad
Description: The income tax was introduced in 1913 to target the wealthy, but quickly expanded to burden the middle class. Peter Schiff argues that the original tax rates intended for the rich were around 2-3%, while the middle class now pays rates of 20-40%.

The income tax was introduced in 1913 to target the wealthy, but quickly expanded to burden the middle class. Peter Schiff argues that the original tax rates intended for the rich were around 2-3%, while the middle class now pays rates of 20-40%.

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bar-chart-3 Economics & Macrodjvlad5:55

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