InvestorsHub Logo

INFINITILLION

01/24/22 8:25 PM

#676345 RE: StillHoping #676344

Abraham Lincoln First Imposed an Income Tax


"...In 1894, they joined forces with progressive Republicans to pass legislation that created a 2 percent tax on incomes over $4,000, along with reduced tariffs. But that tax didn’t last long. In an 1895 case, Pollock v. Farmers’ Loan and Trust Company, the Supreme Court found that directly taxing Americans’ income was unconstitutional..."


https://www.google.com/amp/s/www.history.com/.amp/news/income-tax-howard-taft