Video: Even the Beatles were against highly progressive taxes!

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Beatle George Harrison was so upset of the U.K.’s 95% top income tax rate that he wrote the opening track to the Beatles’ 1966 album Revolver. Enjoy!

Here are the Lyrics to the Beatles’ Taxman written by George Harrison:

Let me tell you how it will be
There’s one for you, nineteen for me
‘Cause I’m the taxman, yeah, I’m the taxman

Should five per cent appear too small
Be thankful I don’t take it all
‘Cause I’m the taxman, yeah I’m the taxman

If you drive a car, I’ll tax the street,
If you try to sit, I’ll tax your seat.
If you get too cold I’ll tax the heat,
If you take a walk, I’ll tax your feet.

Don’t ask me what I want it for
If you don’t want to pay some more
‘Cause I’m the taxman, yeah, I’m the taxman

Now my advice for those who die
Declare the pennies on your eyes
‘Cause I’m the taxman, yeah, I’m the taxman
And you’re working for no one but me.

From the Wikipdedia article:

Harrison said, “‘Taxman’ was when I first realised that even though we had started earning money, we were actually giving most of it away in taxes. It was and still is typical.” As their earnings placed them in the top tax bracket in the United Kingdom, the Beatles were liable to a 95% supertax introduced by Harold Wilson’s Labour government (hence the lyrics “There’s one for you, nineteen for me”). In a 1984 interview with Playboy magazine, Paul McCartney explained: “George wrote that and I played guitar on it. He wrote it in anger at finding out what the taxman did. He had never known before then what he’ll do with your money.” …

“Taxman” was included in Harrison’s concert repertoire during his solo career; on his tour of Japan in 1991 with Eric Clapton, “Taxman” was on the set list. “It’s a song that goes regardless if it’s the sixties, seventies, eighties or nineties,” Harrison declared. “There’s always a taxman.” Harrison added more lyrics on that tour, such as “If you’re overweight, I’ll tax your fat.”

In the US, radio disc jockeys and TV news reporters annually feature the song in the days leading up to 15 April, the date by which US income tax returns must usually be filed. Some post offices have even been known to sardonically play the song on in-house audio systems for the long lines of last-minute tax filers.

If you are in the higher tax brackets, consider what the value of having your own personal financial advisor might be worth.

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David John Marotta is the Founder and President of Marotta Wealth Management. He played for the State Department chess team at age 11, graduated from Stanford, taught Computer and Information Science, and still loves math and strategy games. Favorite number: e (2.7182818…)