If you have any further questions, please Ask A Librarian. The following titles link to fuller bibliographic information in the Library of Congress Online Catalog. Links to digital content are provided when available. Additional works on the history of the U. Choose the topics you wish to search from the following list of subject headings to link directly to the Catalog and automatically execute a search that will allow you to browse related subject headings. Please be aware that during periods of heavy use you may encounter delays in accessing the catalog.
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Please note that the Library does not provide legal advice, interpretation, or analysis which could be interpreted as the practice of law. Search this Guide Search. This Month in Business History. General Correspondence. January 3, Library of Congress Manuscript Division. Print Resources The following titles link to fuller bibliographic information in the Library of Congress Online Catalog. Hill Call Number: HB1. Since , individual income taxes have been the primary source of revenue for the U.
Together with payroll taxes used to fund social programs like Social Security and Medicare , income taxes amount to roughly 80 percent of all federal revenue, and are the essential fuel on which our government runs. After it was repealed a decade later, Congress tried again in , enacting a flat rate federal income tax.
But the U. Then in , Congress passed the 16th Amendment , which allowed the federal government to tax individual personal income regardless of state population. The required number of states ratified the amendment in , and Americans have been required to pay federal income taxes ever since. Who pays taxes, and when? There are also a number of other circumstances that might require you to file, including selling your home or owing taxes on money you withdrew from your retirement account.
He explained that part of the Pollock decision allowed the federal government to levy a corporate income tax as an excise tax. The President then defined a basic two-tax system where income taxes were collected from citizens and businesses.
Incoming President Woodrow Wilson pushed for the Revenue Act of , which included the income tax along with changes in tariffs. Toggle navigation. Don't stress over all these complicated tax changes and rules; let us do the hard work for you! File your income tax return on eFile. Taxes have generally been around since the beginning of civilization or history.
The earliest known tax was implemented in Mesopotamia over years ago, where people paid taxes throughout the year in the form of livestock the preferred currency at the time. The ancient world also had estate taxes and taxes. Since then, the way we pay taxes has changed significantly. However, some ancient taxes have survived across history and persisted into the modern world.
In , China eliminated what was the oldest, still-existing tax in the world. It was an agricultural tax that had been created 2, years ago and was only eliminated in order to improve the well-being of rural farmers in China. Learn about unusual taxes throughout history. In the United States, the tax system has evolved dramatically throughout the nation's history.
Originally, there wasn't an income tax and tariffs provided the main source of revenue for the government. New taxes were often introduced during times of war to raise additional revenue, but they were generally allowed to expire once the war was over.
Taxation in the United States' history can be traced back to Colonial America when the colonists were heavily taxed by Great Britain on everything from tea to newspapers. In , the Stamp Act even specified that all legal and business documents were required to bear a stamp, showing that the appropriate tax had been paid.
Most colonists objected to this form of taxation since they had no political voice or input about the creation of new taxes. This gave rise to the slogan "no taxation without representation.
The history of income tax in America is an unusual one.
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