Thursday, August 25, 2011

Civil War Diary, Part Seven: First Death, Then .....



       Ben Franklin said there are two certainties in life: Death and Taxes.  Actually, at the start of the Civil War, only one of those was certain - but not for long.  Necessity may be the Mother of Invention, but often it is a Pandora's Box.  In this case, the snake was the creation of the US's first Income Tax. 



     Created to help pay for the War, it was started in August, 1861.  It eventually was discontinued, but from 1913 on, it has been a staple of revenue for the US Treasury and Congress.  We don't even want to look up and find out what the initial tax rate was - it would probably make us puke!  But, just in case you needed to know when it first started, now you have your answer.....

.

No comments: