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To: central_va

I think the “first” income tax was 3% .... and they have left it at that since and enacted no other taxes as well. /s/


36 posted on 01/02/2017 7:59:44 PM PST by RetiredTexasVet (Dan Rather, a 60 Minutes Investigative Reporter for CBS, invented "Fake News"-fake but accurate.)
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To: RetiredTexasVet
I think the “first” income tax was 3% .... and they have left it at that since and enacted no other taxes as well.

The original income tax was 1% up to the first $20,000 (in today's dollars that would be more than $400,000). If you'd like to see the first 1040 form (4 pages with instructions) you can click here. Figure your own taxes. It's eye-popping even without taking inflation into account. The max was 6%.

70 posted on 01/03/2017 6:41:00 AM PST by zeugma (I'm going to get fat from all this schadenfreude)
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