1913 is the year considered to remodernize income tax. Income tax did exist before 1913 in the USA. Some people think of income tax as the only tax we are paying when there are more forms of taxation.
Discussion
Interesting. So it existed… jus called something different
Congress imposed the first personal income tax in 1861 to fund the Civil War effort. So it wasn’t really called something different. More like there were multiple income tax schemes that kind of started and stopped before the Pollack ruling really put a stop to it for a bit of time until the 16th amendment was ratified. Basically taxing incomes didn’t happen just in 1913 but was a political fight for 52+ years predating the passage of the 16th Amendment.
Ya, nostr:npub1wtuh24gpuxjyvnmjwlvxzg8k0elhasagfmmgz0x8vp4ltcy8ples54e7js sent me this
nostr:note10rrc8jeehx7vrckkuukhzhatgga6em6a7uzts9f57mzm6duxj3gqujej2t
nostr:npub17x7htjej3hgcqwqj86u9yvpcunhw6nz4zclzph2zfnlwe4v0yp8qrxvgap in here spitting next level knowledge. Thank you for the correction.
Would it be correct to say the previous forms of income tax would’ve been different from what we would recognize today?
Not really. Here’s a good bullet point cheat sheet of US tax history.
You really kno your stuff! Bookmarked to read
To further expand the 16th Amendment passing in 1913 made it possible for the federal government to collect income tax. There had been short lived income taxes previously. Collecting a federal income tax was made impractical by a 1895 Supreme Court ruling Pollack v. Farmers’ Loan & Trust Co. until the passing of the 16th Amendment.
Yaaa I just read link from nostr:npub1wtuh24gpuxjyvnmjwlvxzg8k0elhasagfmmgz0x8vp4ltcy8ples54e7js about this. Farmers very active