Interesting History of Income Tax: Includes U. S. President John F. Kennedy's Tax Plan

Interesting History of Income Tax: Includes U. S. President John F. Kennedy's Tax Plan

by William J. Federer
     
 

The Interesting History of Income Tax
William J. Federer

"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 to finance the Union during the Civil War

*1895 -

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Overview

The Interesting History of Income Tax
William J. Federer

"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 to finance the Union during the Civil War

*1895 - Supreme Court made Income Tax unconstitutional

*Woodrow Wilson thought tariffs on imports caused wars, so he worked to replace them with an Income Tax.

*1913 - Income Tax was 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)

Thomas Jefferson -
"It is an encouragement to proceed as we have begun in substituting economy for taxation" (2nd Annual Message, 1802)

(176 pages, includes pictures)

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Product Details

ISBN-13:
9780975345504
Publisher:
Amerisearch
Publication date:
04/28/2004
Pages:
176
Sales rank:
970,192
Product dimensions:
5.50(w) x 8.50(h) x 0.41(d)
Age Range:
1 - 17 Years

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