Lincoln imposes first federal income tax

[TimC]

On this day in 1861, President Abraham Lincoln signed into law the first federal income tax, the Revenue Act, to raise money for a fight against the rebellious South. Lincoln and Congress imposed a 3 percent tax on annual incomes over $800. Lincoln had asked several cabinet members in March 1861 whether he had the constitutional authority to "collect such duties". Congress repealed the law in 1871, but passed the Sixteenth Amendment, which put in place the federal income tax system in use today.

[i_am_the_swammi]

He should be sandblasted off Mount Rushmore...taxing the upper class more than the middle class? The nerve.

[Square]

over / under on when this thread gets closed is about post 10.

 

[cre8tiff]

over / under on when this thread gets closed is about post 10.

 

 

I'll take the under... LadyHawke has been posting today.

[WaterMan]

So it was the South's fault for income taxes?

[I Like Soup]

Interesting, a President that asked if he actually had the Constitutional authority to collect such duties. Nowadays, Presidents run amok expanding government power, pissing away untold billions of dollars, and increasing taxes without a second thought.

[i_am_the_swammi]

over / under on when this thread gets closed is about post 10.

 

bump

[CaP'N GRuNGe]

Joe Biden: You should be proud to pay your taxes.