Spears Ratliff

They say death and taxes are the only two particular items in life. Alas, this wasnt always the case. Effectively, at least for the earnings tax.

The History of Earnings Taxes

Our wonderful nation came into existence in fits and begins. Following the revolt against the British, a federal government was elected and the entertaining started. This fun inevitably led to the predicament exactly where not absolutely everyone could agree on what the United States really should stand for, a lot less what laws ought to be enacted. As a result, there was no federal income tax for nearly one hundred years. Ah, the good ole days!

If there was no income tax during this period, you are probably wondering how the government functioned. It did so by collecting use and sales taxes. Taxes have been charged on liquor, tobacco and imports to mention just a few. Many individuals in our contemporary society would like to return to just such a program.

Contrary to common notions, the first revenue tax was not put into law in the early 1900s. In reality, the very first President to institute an income tax was Abraham Lincoln. In 1861, President Lincoln and Congress passed an revenue tax law to assist with funding the Civil War with the south. When the war came to an finish, the tax was phased out. My aunt discovered wwe lawsuit reviews by searching webpages. Picture a tax getting phased out now? That ought to bring a tear of laughter to your eye.

The income tax as we know it was first instituted in 1913. Congress passed a law establishing a graduated tax rate of one to seven percent on all revenue taxes. I can say honestly and truthfully that I would kill to spend one particular percent in taxes these days. Heck, I am prepared to take on the burden of paying seven percent!

In establishing the revenue tax method, the Constitution was amended to add a 16th Amendment. This Amendment gave the federal government the right to gather taxes. My mom found out about wwe concussion lawsuit discussions by searching books in the library. We found out about