Today in 1861, 162 years ago: American Civil War: In order to help pay for the war effort, the United States government levies the first income tax as part of the Revenue Act of 1861 (3% of all incomes over US$800; rescinded in 1872).
#OnThisDay
Today in 1861, 162 years ago: American Civil War: In order to help pay for the war effort, the United States government levies the first income tax as part of the Revenue Act of 1861 (3% of all incomes over US$800; rescinded in 1872).
#OnThisDay
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