A Brief History On August 5, 1861, the Federal Government of the United States instituted its first income tax to help pay for the Civil War. With a tax rate of only 3% on all income over $800, it may seem like a bargain today, but at the time it was about as popular as emptying the chamber pot. Governments have a way of irritating their people with unpopular laws, and here we list 10 such legislative actions. Some have been rescinded, while others just will not go away. Digging Deeper 10. Income Tax. Everyone seems to have their own…
Browsing: August 5
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