The Interesting History of Income Tax
◆ 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