While the United States has had various forms of wage-based taxation, the modern income tax didn’t emerge until the passage of the 16 th Amendment in 1913. For decades, the leaders of the executive ...
We have an income tax as opposed to a tariff in part to deal with the mind of the South in 1913—yet the income tax revenue enabled revenue-destructive tariffs.
And that was the richest period in the history of the United States, relatively speaking." The first federal income tax was passed on Feb. 25, 1913, as part of the 16th Amendment. This gave ...
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