Income tax in the United States income and tax it, so long as it acts within its constitutional authority, which includes not only the Sixteenth Amendment but also Article I, Sections 8 and 9." Similarly, in "Penn Mutual Indemnity Co. v. Commissioner", the United States Court of Appeals for the Third Circuit indicated that Congress could properly impose the federal income tax on a receipt of money, regardless of what that receipt of money is called: It could well be argued that the tax involved here [an income tax] is an "excise tax" based upon the receipt of money by the taxpayer. It certainly is not
Lifetime income tax would make the first 8-10 years of the average Canadian's working life income tax-free. After that point, each next $250,000 of lifetime earnings would taxed at a progressively higher rates (14% rate until reaching $500,000, 20% until reaching $750,000, 24% until reaching $1 million, and 27% above $1 million). Critics argued that the system would actually increase taxation complexity, increase effective tax burdens, and increase taxation on older people and single families. Stephen Harper won the leadership election on the first ballot and Clement's ideas received no further significant airing. Lifetime income tax Lifetime income tax is a proposal for