Wednesday, November 17, 2010

Income tax

The first income tax in the United States was enacted in 1862. Congress passed the income tax law in order to raise revenue to pay for the Civil War effort. A typical worker during this time paid about three percent of their income in taxes. In 1913, the 16th Amendment to the Constitution made the income tax a permanent fixture in the U.S. tax system.
More Famous Firsts

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