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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