…that’s right, it’s Income Tax Day.
I put it in the category with Hitler’s Birthday (4/20)
The Burning of Atlanta (9/1)
Lee’s Surrender at Appomattax (4/9)
and the birth of Kate Gosselin (3/28).
All black letter days to me.
Income Tax in The United States was levied for the first time in 1861. Abe Lincoln, 16th President and a Republican, had to pay for the War Of Northern Aggression.
It was a flat tax. Hmmmm…and we thought that was new. 3% of ALL incomes over $800.00 was levied. In 1862, the first tax was repealed, and a new one was instituted.
In 1892, The Democrats (see…I’m playin’ fair) in Congress passed the Wilson-Gorman Tariff which was 2% on all household incomes over $4,000. Fewer than 10% of the people in the country paid it.
In 1913, the 16th ammendment was ratified by the requsite number of states and became law. It states:
“The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.”
This along with the rest…is history.
Happy Tax Day.