We need to tax wealth, not income.

And, where we tax income, we have to do so far more progressively.

Hand's off the middle class!

Maybe we can get a wealth tax this time now that the pendulum is starting to swing our way again.

you mean UPPER middle class.

Who gives a crap about the bottom half anyway?

http://www.nationaljournal.com/politics/for-obama-and-romney-middle-class-means-pretty-much-everyone-20121018

Congress created the income tax to finance the Civil War in 1862. The Confederate states also had an income tax.

Now can we scrap it and write a new one that's under 20,000 pages in length?

I'm not an economist, but I think a true progressive tax code with some exemptions for the poor and middle class, and none of the current corporate welfare and perks for the 1% like upper limits on medicare and SS would be a great start. It's too easy to hid shady backroom deals in the 20,000 page monstrosity we currently have.

to replace them.

http://www.alternet.org/labor/hidden-progressive-history-income-tax?akid=9361.277129.2KDGDd&rd=1&src=newsletter706781&t=14