Heres an interesting tidbit: Brief History of IRS Origin The roots of IRS go back to the Civil War when President Lincoln and Congress, in 1862, created the position of commissioner of Internal Revenue and enacted an income tax to pay war expenses. The income tax was repealed 10 years later. Congress revived the income tax in 1894, but the Supreme Court ruled it unconstitutional the following year. 16th Amendment In 1913, Wyoming ratified the 16th Amendment, providing the three-quarter majority of states necessary to amend the Constitution. The 16th Amendment gave Congress the authority to enact an income tax. That same year, the first Form 1040 appeared after Congress levied a 1 percent tax on net personal incomes above $3,000 with a 6 percent surtax on incomes of more than $500,000. So I guess in other words we can blame Wyoming for our taxes. And how did the Feds get along in those years when there was no IRS. I say we revisit this concept. Reference irs.gov/uac/Brief-History-of-IRS
Posted on: Fri, 29 Nov 2013 02:20:14 +0000
Trending Topics
Recently Viewed Topics
© 2015