Sixteenth Amendment to the United States Constitution

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High Quality Content by WIKIPEDIA articles! To raise revenue to fund the Civil War, the income tax was introduced in the United States with the Revenue Act of 1861. It was a flat tax of 3% on annual income above $800. The following year, this was replaced with a graduated tax of 3-5% on income above $600 in the Revenue Act of 1862, which specified a termination of income taxation in 1866. The Socialist Labor Party advocated a graduated income tax in 1887. The Populist Party "demanded a graduated income tax" in its 1892 platform. The Democratic Party, led by William Jennings Bryan, advocated the income tax law passed in 1894, and proposed an income tax in its 1908 platform.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130496388
    • Editor Lambert M. Surhone, Miriam T. Timpledon, Susan F. Marseken
    • EAN 9786130496388
    • Format Fachbuch
    • Titel Sixteenth Amendment to the United States Constitution
    • Herausgeber Betascript Publishing
    • Anzahl Seiten 96
    • Genre Wirtschaft

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