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Dutchess_III's avatar

Anyone care to discuss the Revenue Act of 1918 in light of the economy today?

Asked by Dutchess_III (47239points) October 10th, 2014

Revenue Act of 1918

I found the chart particularly interesting.

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2 Answers

talljasperman's avatar

I thought that special taxes were to pay for the war ,and where temporary.

talljasperman (21924points)“Great Answer” (0points) Flag as…
Strauss's avatar

They were, originally, but the idea of a tax on income had been around since the Civil War. It was the Sixteenth Amendment that…“allows the Congress to levy an income tax without apportioning it among the states or basing it on the United States Census”. .

Strauss (23927points)“Great Answer” (0points) Flag as…

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