Posts Tagged History Of Taxation
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July Dates and Facts – Taxes, War Dates and Wacky Celebrations
By Eloise Graham Taxes July 1, 1862 – President Abraham Lincoln signed the first income tax bill, levying a 3 percent income tax on annual incomes of $600 - $10,000 and a 5 percent tax on incomes over $10,000. This fact made me inquisitive about the history of taxation in America. The fir...
