Comment: Specifically, the current income tax was a business war tax.

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Specifically, the current income tax was a business war tax.

The "War Tax" was levied on business income to fund the European War. Tax forms were sent out to any that might pay. Tax forms were offered to fulfill a patriotic duty. War Bonds much the same.

The European War (later named World War, then World War I) drew the United States into its clutches.

Billions for Bankers--Debts for the People

In 1901 the national debt of the United States was less than $1 billion. It stayed at less than $1 billion until we got into World War I. Then it jumped to $25 billion.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul