illustrations for sermons
Sign in . Contact illustrations for sermons contact



Illustration Search
Search Alphabetically:
A B C D E F G H I J K L M N O P Q R S T U V W X-Y-Z
Search by Topic:
Enter Topic

'Compromise' Categories

Income Tax

At one time, believe it or not, there was no federal income tax in the United States. In 1913, the 16th Amendment brought the federal income tax into existence. At that time one senator said this in opposition to the new tax: “If we allow this 1 percent foot in the door, at some future date it might rise to 5 percent.”

The lowest federal income tax rate in 2008, for those in the Married Filing Jointly category, was 10 percent. For those with a household income between $16,050 and $65,100 it was 15 percent. For those with a household income between $65,100 and $131,450 it was 25 percent. For those with a household income between $131,450 and $200,300 it was 28 percent. The next two brackets go up to 33 percent and 35 percent.

Compromise can be costly.

Reference: Raymond McHenry, McHenry’s Stories for the Soul (Hendrickson, 2001), p. 282; taxes.about.com