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100th Anniversary of the Income Tax

Scrap Iron in Texas Wrote: Feb 03, 2013 6:12 PM
walls1- there was a tax on your phone bill that was paying for the Spanish-American war. It was eliminated just a few years ago.

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:




Top Tax Bracket



Tax Bracket Range