2-3-13 Marks 100 Year Anniversary of U.S. Federal Income TaxSubmitted by SteveMT on Sun, 02/03/2013 - 16:11
The sooner that we are rid of this millstone, the better.
100 Years Of U.S. Federal Income Tax
02/03/2013 12:27 -0500
On February 3rd, 1913, one of the two most historic events in US history took place: the ratification of the 16th amendment, which established Congress' right to impose a Federal income tax on Americans, and overturned Article I, Section 9 of the US Constitution which explicitly prohibited a general income tax. The amendment was brief and to the point, and read as follows: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." And with that, the US Federal Income Tax was born and has been with us for precisely 100 years.