Interesting History of Income Tax

"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effect as an emergency to finance the Union during the Civil War 1873 - The Civil War ended, emergency over, Income Tax Repealed 1895 - The Supreme Court made Income Tax unconstitutional 1913 - Woodrow Wilson thought tariffs on imports caused wars, so he worked to replace them with an Income Tax. Income Tax was originally 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) Please subscribe @billfederer Receive a free daily American Minute email with what happened on today in history at https://americanminute.com/pages/sign-up-for-newsletter Take yourself on a historical adventure for each day of the year. Relive the calendar days with inspiration from great men and women that came before us. With a short story for each day, you will learn about events that defined America. Why did Columbus set sail in 1492? What motivated Paul Revere’s midnight ride in 1775? What are the origins of our national holidays, including Mother’s Day, Father’s Day, Flag Day, Memorial Day and Veterans’ Day? Why did Lindbergh fly solo across the Atlantic? Why was the Battle of Midway so pivotal? Who started the Red Cross, Tuskegee Institute and Harvard? The American Minute brings our national history to life through the notable events of each day. It is a treasure to read and share with others. An interesting and inspiring collection of historical vignettes, one for each day of the year. Well-known holidays, national achievements and famous individuals are recalled in fascinating detail as well as little known facts of courage, sacrifice, faith, and captivating American trivia. The American Minute is also heard daily across America on hundreds of radio stations and is read by tens of thousands via the Internet and email subscription. It is produced by Bill Federer, author of 20 books, who speaks in over 100 cities a year and hosts the daily television program, Faith in History.