WEDNESDAY, JANUARY 26, 2022
THIS DATE'S CLAIM TO FAME!
January 26th was a very bif day in the United
States. At least it was in 1871! A few years
earlier the country was split apart by a Civil
War. That conflict was expensive both in terms
of lives lost and what it cost the north financially.
To cover those costs the President ordered an
income tax. 3% for those making up to $800 and
5% for those earning over that amount. But on
January 26th the Income Tax was repealed!!!
That's right! No U.S. income tax! Unfortunately
that tax break was all too short. Congress
reinacted the Federal inclme tax by adopting
the 19th Amendment in 1913, The rest, of
course, is both history and our future! Hope
you're paid up and that all your NEWS is good!
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