In 1862, in order to support the Civil War effort, Congress enacted the nation's first income tax law. It was a forerunner of our modern income tax in that it was based on the principles of graduated, or progressive, taxation and of withholding income at the source. During the Civil War...
Other articles where history of United States is discussed: United States: History of the United States: The territory represented by the continental United States had, of course, been discovered, perhaps several times, before the voyages of Christopher
Poll tax, in English history, a tax of a uniform amount levied on each individual, or ‘head,’ a main cause of the Peasants’ Revolt (1381), and, in U.S. history, a principal means of voter suppression directed originally at African Americans, especiall
In this paper, we use tax and household survey data to assess the history of income distribution in Argentina since the beginning of the 20th century. Until the 1970s, the country experienced a fall in inequality in spite of lower income growth. Since then, inequality has generally increased ...
Focuses on the history of the flat-rate income tax in the United States. Financing of the Civil War of 1861 as a reason for the levying of a tax on annual income; Oppositions to differential tax rates; Progressive taxat...
History Shorts: Why We Pay Income Taxes Abraham Lincoln First Imposed an Income Tax Taft didn’t actually invent the idea of a federal income tax. That would beAbraham Lincoln, who in 1861 convinced Congress to pass the Revenue Act and impose a temporary 3 percent tax on incomes over $800...
The Declaration of Independence - The Bible of American Freedom, History,United States Declaration of Independence, US Declaration of Independenceand Documents of American Independence, Founding Documents and US History,Historic Freedom, Founding Freedom Founders Documents on American FreedomsHistory, Bill of...
At present, the United Kingdom deficit reached 155 billion pounds, the unemployment rate exceeds 7%, Prime Minister in October last year announced the United Kingdom on the history of the most severe budget cuts to cut 500,000 civil servants, United Kingdom Queen Elizabeth State allowances are...
Taxes have been around for thousands of years, especiallyincome taxes, but that wasn't always the case in the United States. The country was income-tax-free in its infancy because there was no federal government to establish one. The British government imposed a variety of taxes on the colon...
Perhaps it is no wonder then that America’s currentincome taxwas first introduced in 1913. Strongly advocated by agrarian and populist parties, the income tax was introduced under the guise of equity, justice, and fairness. One Democrat from Oklahoma, William H. Murray, claimed, “The purpose...