The Interesting History of Income Tax

The Interesting History of Income Tax

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◆ International shipping not available By William J. Federer "The only things certain are death and taxes" - Benjamin Franklin   Yet few know America's interesting history of Income Tax, such as:   *1787   U.S. Constitution prohibited a "direct" Federal tax (Article 1, Section 9.4)   *1862   "Revenue Tax" on incomes went into effect to finance the Union during the Civil War   *1895   Supreme Court decided Income Tax was unconstitutional (Pollock v. Farmer's loan)   *1913   Woodrow Wilson thought tariffs caused wars so he worked to replace them with Income Tax.... *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 to the Federal Government." (Annual Budget Message, Jan. 17, 1963) Thomas Jefferson - "It is an encouragement to proceed as we have begun in substi

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