Tax history. anyone finds it interesting that....?
1861 congress enacts revenue act of 1861 pay anticipated short civil war. first time income tax levied @ federal level in united states. rate of imposition 3% on incomes higher $800 per year. (revenue act of 1861)).
1895 supreme court holds income tax unconstitutional since not apportioned according population in each state.
1913 36th state ratifies sixteenth amendment constitution rendering constitutional establishment of income tax. in october, 1913, first income tax law enacted requiring taxes paid on "lawful" income. less 1% of population required pay income taxes. (revenue act of 1913).
qoutes http://www.aca.ch/hisustax.htm
find interesting income tax created short term civil war assistance , unconstitutional after 16th being taxed lol. kinda seems funny lol.
1861 congress enacts revenue act of 1861 pay anticipated short civil war. first time income tax levied @ federal level in united states. rate of imposition 3% on incomes higher $800 per year. (revenue act of 1861)). 1895 supreme court holds the...
Business & Finance Taxes United States Next
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