by Danny Nelson | May 21, 2026 | Did You Know?
Did you know? That original income tax was repealed in 1872 after the war, with the government relying instead on tariffs and excise taxes on goods like liquor and tobacco. The income tax did not successfully return for 42 years when income began being taxed in 1913....
by Danny Nelson | May 20, 2026 | Did You Know?
Did you know? The first federal income tax was created in 1861 during the Civil War to help fund the Union effort. In 1862, Congress replaced it with the first progressive federal income tax: 3% on incomes from $600–$10,000 and 5% on incomes above $10,000. In 2026...
