Abe’s Taxes
by Fred Ray on April 14, 2013 · 0 comments
Yes, tomorrow is that day again — Tax Day. You can blame it on Abe Lincoln.
Back in 1861 when the war began, President Abraham Lincoln could foresee problems in raising money to finance the war effort; at that time the only Federal income was through customs duties. It was then that Congress got into the act by passing the Civil War Revenue Act of August 5, 1861, which became the nation’s first income tax.
And as we know it’s been downhill ever since. Enjoy!
Tagged as:
abraham lincoln,
Income tax
Fred has had a lifelong interest in the Civil War. His main focus lies in the arms and armament of the Civil War...and beyond. Fred is also very interested in Civil War sharpshooters, and is the author of Shock Troops of the Confederacy: The Sharpshooter Battalions of the Army of Northern Virginia.
Fred has written 572 intriguing articles.
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