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04-15-2008, 05:30 PM #1
The History Behind Income Tax
I was watching the news today and they had a little trivia behind the income tax. Did you know that the income tax was established in 1861 to pay for the Civil War? Much like Social Security, it was a tax that was suppose to be temporary, but has turned into a permanent tax.
How much was the income tax in 1861? Three percent for anyone that made over $600!
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04-16-2008, 05:05 PM #2
Back when it was a nice easy flat tax.
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04-16-2008, 05:13 PM #3
Seems like a lot of taxes from back then were created to pay for wars. Learned that in my history class.. but I didn't know that about income tax! Pretty interesting piece of knowledge.
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04-16-2008, 07:48 PM #4
Saw some documentary on TV a few weeks ago about how there is no actual law on the books forcing people to pay income taxes. A few IRS agents testified on the video that they questioned their superiors and were subsequently fired. Interesting concept.
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