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History, Geography, & Military Discuss Lincoln imposes first federal income tax: Aug. 5, 1861 at the Political Forums; Lincoln imposes first federal income tax: Aug. 5, 1861 On this day in 1861, in order to finance the Civil ...

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Old 07-26-2011, 09:28 PM
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Default Lincoln imposes first federal income tax: Aug. 5, 1861

Lincoln imposes first federal income tax: Aug. 5, 1861

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On this day in 1861, in order to finance the Civil War, President Abraham Lincoln signed the Revenue Act, imposing the first federal income tax in U.S. history.

Before asking Congress to act, Lincoln sent letters to cabinet members Edward Bates, Gideon Welles and Salmon Chase requesting their views as to whether the president had the constitutional authority to “collect [such] duties.” The president also expressed concern about the potential need to replace revenue from ports along the Southeastern seaboard, which he feared might fall under Confederate control.

The Revenue Act defined income as gain “derived from any kind of property, or from any professional trade, employment, or vocation carried on in the United States or elsewhere or from any source whatever.”

In keeping with current levies, Congress based the tax on the principle of a graduated, or progressive, payments schedule. It imposed withholding at the source. Individuals earning between $800 and $10,000 a year paid taxes at the rate of 3 percent. The comparable minimum taxable income in 2009, after adjustments for inflation, would be about $19,000. Those with incomes of more than $10,000 paid taxes at a higher rate. Additional sales and excise taxes also made their debuts, as well as estate taxes.

In 1866, federal internal revenue collections reached their highest point in the nation’s 90-year history — more than $310 million, an amount not reached again until 1911.

After the end of the Civil War, Congress once again focused its taxation efforts on tobacco and distilled spirits in 1868. Congress finally repealed income taxes in 1872, although they were revived in 1894. In 1895, however, the U.S. Supreme Court ruled the income tax to be unconstitutional. In 1909, Congress proposed the 16th Amendment, which set in place today’s federal income-tax system. It was ratified in 1913.

Lincoln imposes first federal income tax: Aug. 5, 1861 - Andrew Glass - POLITICO.com
It looks like creating a federal income tax paid off for the north..
Do you still celebrate on August 5th?...some in the north still do..
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Old 07-26-2011, 09:33 PM
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Default Re: Lincoln imposes first federal income tax: Aug. 5, 1861

So, on top of violating states rights, Mr Lincoln also set this into motion.
Why people think he was a great president is beyond me.
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Old 07-26-2011, 09:36 PM
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Default Re: Lincoln imposes first federal income tax: Aug. 5, 1861

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So, on top of violating states rights, Mr Lincoln also set this into motion.
Why people think he was a great president is beyond me.
It's because he was a Republican..
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Old 07-26-2011, 09:36 PM
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Default Re: Lincoln imposes first federal income tax: Aug. 5, 1861

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Originally Posted by Spencer Collins View Post
Lincoln imposes first federal income tax: Aug. 5, 1861



It looks like creating a federal income tax paid off for the north..
Do you still celebrate on August 5th?...some in the north still do..
What was the vote total and how exactly does an employee of the people impose penalty on his employers? just sayin.
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Old 07-26-2011, 09:40 PM
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Default Re: Lincoln imposes first federal income tax: Aug. 5, 1861

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What was the vote total and how exactly does an employee of the people impose penalty on his employers? just sayin.
I hear ya...the SC found it unconstitutional after the war was over and the union was preserved...
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Old 07-26-2011, 09:41 PM
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Default Re: Lincoln imposes first federal income tax: Aug. 5, 1861

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It's because he was a Republican..
He was still wrong.
Look how obtrusive the federal government has become since then. His actions were the catalyst.
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Old 07-26-2011, 09:41 PM
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Default Re: Lincoln imposes first federal income tax: Aug. 5, 1861

So..was Lincoln the first RINO?...
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Old 07-26-2011, 09:43 PM
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Default Re: Lincoln imposes first federal income tax: Aug. 5, 1861

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I hear ya...the SC found it unconstitutional after the war was over and the union was preserved...
One could argue that the second Revolutionary War For Independence was lost.
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Old 07-26-2011, 09:45 PM
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Default Re: Lincoln imposes first federal income tax: Aug. 5, 1861

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He was still wrong.
Look how obtrusive the federal government has become since then. His actions were the catalyst.
He wanted to preserve the union at all cost,that included negating states rights. He's often defended on moral grounds but what about the constitution and a states right to secede?
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Old 07-26-2011, 09:48 PM
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Default Re: Lincoln imposes first federal income tax: Aug. 5, 1861

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He wanted to preserve the union at all cost,that included negating states rights. He's often defended on moral grounds but what about the constitution and a states right to secede?
States rights were a cornerstone of the constitution and independence. He threw all that in the trash. I'm not sure it was the best thing.
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