President Donald Trump pitched the idea of eliminating the federal income tax entirely to instead tariff and tax foreign ...
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.
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 ...
"Constant Change: A History of Federal Taxes," Page 1 ... "President Nixon's Troublesome Tax Returns." United States Congress. "H.R.4242 — 97th Congress (1981-1982)." Internal Revenue Service.
One thing is certain a little over a week into Donald Trump's second term: He plans to go big. On Monday, the president ...
Immigrants are vital to US tax revenue amid a declining birth rate and rising number of retirees.
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 ...