Tax Day Wisdom from President Reagan

“Republicans believe every day is the 4th of July; Democrats believe every day is April 15th.”

According to Tax Foundation, in 2013 an individual making between $36,250-87,850 paid a marginal income tax rate of 25%, which means over $9,000 last year was taken from someone making the lowest of that tax bracket and just under $22,000 last year was taken from someone making the highest of that tax bracket. At least as Floridians we don’t have to pay an additional state income tax on top of the high rates of federal income tax, which has been mandated since 1913 through the 16th Amendment. How great is it to be a Floridian? Pretty great every day and especially on Tax Day!

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