Did you know that the Revenue Act of 1861 was the first instance of income taxation in the United States? When President Lincoln signed it into law, those with incomes between $600 and $10,000 were taxed 3 percent, while those who made more than $10,000 were taxed 5 percent. It was created to fund war expenses during the Civil War, then repealed ten years later.
My, how things have changed. Find out more about the tax changes that were passed at the end of 2017 at Ross-University Hills' event New Tax Changes: How Do They Affect Me? on February 10.
Want to nerd out on more history of taxation? Our friends at the Library of Congress created this History of the US Income Tax page.
For a more contemporary take on all things financial, the podcast Planet Money has got you covered.
We'll see you on February 10!
Hi Susan! I'm checking with the presenter and will let you know either way. Thanks!
The speaker is not able to share slides, but did offer this resource: