The Income Tax – How Did It Come About?

The first known income tax that Americans were legally required to pay was enacted during the 1860s, under the Presidency of Abraham Lincoln. The Civil War was proving very costly to fund, and the President and Congress created the Commissioner of Revenue and enacted a law requiring citizens to…

To read the entire article click: Income Tax

[Slashdot] [Digg] [Reddit] [del.icio.us] [Facebook] [Technorati] [Google] [StumbleUpon]

Comments are closed.