In 1913, the notion of an income tax, though perhaps not palatable to all Americans, was hardly a novelty. The U.S. government levied an income tax during the Civil War, and although it was allowed to lapse after the war, it was deemed constitutional by the Supreme Court in 1881.
Posts Tagged ‘Tariff Reform’
This Day in Wall Street History 1913: Income tax amendment takes effect
February 3rd, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: 16th Amendment, Civil War, Federal Income Tax, Gorman, Graduated Income Tax, Import Duties, Income Tax Amendment, Legislators, Necessary Means, Notion, Redistribution, S Industrial, Simmons, Source History, Tariff Act, Tariff Reform, U S Constitution, Wall Street, Wall Street History, Woodrow Wilson 
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