ebook The Interesting History of Income Tax

"The only things certain are death and taxes," wrote Benjamin Franklin, yet few know America's interesting history of Income Tax. This book is a short primer intended to make a complicated subject simple. Topics covered include: 1787 - U.S. Constitution prohibited a "direct" Federal tax  1862 - "Revenue Tax" on incomes went into effect as an emergency to finance the Union during the Civil War  1873 -  The Civil War ended, emergency over, Income Tax Repealed  1895 - The Supreme Court made Income Tax unconstitutional  1913 - Woodrow Wilson thought tariffs on imports caused wars, so he worked to replace them with an Income Tax. Income Tax was originally only a 1% tax on the top 1% richest people in America.  1943 - Paycheck Withholding began as an emergency effort to get funds to finance WWII.  John F. Kennedy - "Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased flow of revenues