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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Hagar who wrote (2397)	6/19/2003 6:15:18 PM
From: KLP	Respond to of 793931

I knew we had financed some of the early wars by taxes.. but didn't know that the Civil War tax was actually called an income tax. However, the tax was only in effect for a few years. Until it was passed in 1913... And it's been tax and spend ever since. In 1868, Congress again focused its taxation efforts on tobacco and distilled spirits and eliminated the income tax in 1872. It had a short-lived revival in 1894 and 1895. In the latter year, the U.S. Supreme Court decided that the income tax was unconstitutional because it was not apportioned among the states in conformity with the Constitution. In 1913, the 16th Amendment to the Constitution made the income tax a permanent fixture in the U.S. tax system. The amendment gave Congress legal authority to tax income and resulted in a revenue law that taxed incomes of both individuals and corporations. In fiscal year 1918, annual internal revenue collections for the first time passed the billion-dollar mark, rising to $5.4 billion by 1920