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Diamond Enthusiast

Posted
What do Abraham Lincoln and the IRS have in common?
 
Posts: 3632 | Location: Washington, US | Registered: 06-03-02Reply With QuoteEdit or Delete MessageReport This Post
Diamond Enthusiast

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Is the deadline? red face
 
Posts: 6323 | Location: LA (Lower Alabama) USA | Registered: 06-03-02Reply With QuoteEdit or Delete MessageReport This Post
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The first direct tax on the income of the US citizen was unconstitutionally imposed by President Abraham Lincoln, August 5, 1861. The tax was meant to finance the Civil War. Executive fiat was employed under the guise of a war emergency. The emergency would justify, according to Lincoln, circumventing the lawful process of amending the constitution.

Lincoln's tax was 3% of all incomes of $800 or more. The implementation of this tax was swiftly followed by a graduated income tax which would tax incomes over $5,000 at a higher rate. The tax was supposed to last only during the Civil War but, in fact, wasn't suspended until 1872, eight years after the end of the conflict. Congress claimed, after the war, that the tax was needed to pay for reconstruction. President Ulysses S. Grant suspended the unpopular tax in 1872, an election year.

Source is here.


 
Posts: 354 | Location: Louisville, KY | Registered: 06-08-02Reply With QuoteEdit or Delete MessageReport This Post
Diamond Enthusiast

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"Unpopular" tax? Is there any other kind? wink

I was thinking of the "deadline". Abe Lincoln died on April 15.
 
Posts: 3632 | Location: Washington, US | Registered: 06-03-02Reply With QuoteEdit or Delete MessageReport This Post
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Oh, so what, we can't BOTH be right?

This message has been edited. Last edited by: DorianGreyed,
 
Posts: 354 | Location: Louisville, KY | Registered: 06-08-02Reply With QuoteEdit or Delete MessageReport This Post
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