Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Interesting History of Income Tax

The Interesting History of Income Tax

Federer, William J.

Paperback

Investing & Finance

Publisher Price: $19.99

ISBN10: 0975345508
ISBN13: 9780975345504
Publisher: Amerisearch, Inc.
Published: Apr 1 2004
Pages: 176
Weight: 0.53
Height: 0.49 Width: 5.60 Depth: 8.54
Language: English
The Interesting History of Income Tax 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 *1862 - Revenue Tax on incomes went into effect to finance the Union during the Civil War *1895 - Supreme Court made Income Tax unconstitutional *Woodrow Wilson thought tariffs on imports caused wars, so he worked to replace them with an Income Tax. *1913 - Income Tax was 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 to the Federal Government. (Annual Budget Message, Jan. 17, 1963) Thomas Jefferson - It is an encouragement to proceed as we have begun in substituting economy for taxation (2nd Annual Message, 1802) (176 pages, includes pictures)

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