Knowledge Thread

lajikal

Registered User
#1
Origin of the IRS and the Federal Income Tax

The Revenue Act of 1862 (July 1, 1862, Ch. 119, 12 Stat. 432), was passed by the United States Congress to help fund the American Civil War. The Act was signed into law by President Abraham Lincoln, introducing the first progressive rate income tax to the country.

The office of the Commissioner of Internal Revenue was established,[1] with the Act specifying that Federal income tax was a temporary measure that would terminate in "the year eighteen hundred and sixty-six").
http://en.m.wikipedia.org/wiki/Revenue_Act_of_1862
 
#2
Thanks Lincoln. Now that's two reasons why I think you were an asshole.
 
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