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100th Anniversary of the Income Tax

June56 Wrote: Feb 03, 2013 4:23 PM
Time for weeping not celebrating!

Today is the 100th birthday of the income tax. On February 3, 1913 the 16th amendment was ratified, which enabled the establishment of the federal income tax. This is ever in our mind as tax season is now upon us.

Look at this graphic that Americans for Tax Reform released in honor of the 100th anniversary:

 

1913

2013

Top Tax Bracket

7%

39.6%

Tax Bracket Range

...