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A Brief History of Income Tax in America - Part 2

income tax, holidays | July 03, 2015 image description
income tax, holidays | July 03, 2015

With the winning of the Revolution, the American colonies became the United States – and taxation became a much more local issue. But to this point, taxation – whether British or home-grown – was pretty straightforward. Taxes were levied on sales of products or on property. The tariff, a tax on imports or exports – became a popular vehicle. Taxing income, though, was still years away.

The fledgling Congress struggled with running a new nation; just paying the bills was a work in progress in those early days.

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A Brief History of Income Tax in America - Part 1

income tax, holidays | July 02, 2015 image description
income tax, holidays | July 02, 2015

Taxes have always been a fact of life on the American continent, from the first day the Europeans landed here.  The only Americans who didn’t know taxes in those early days were the original residents – the Indian tribes who wondered what all the fuss was about in the first place.

But from the day the King of England and Parliament knew there were colonists on the ground in the New World, they were looking for a way to make them pad the Crown’s coffers.

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Long May It Wave

holidays | June 14, 2015 image description
holidays | June 14, 2015

Today – Flag Day – commemorates the day in 1777 when the Second Continental Congress adopted the flag of the United States. President Woodrow Wilson signed a proclamation in 1916 declaring June 14 as Flag Day in the United States. Congress got around to establishing National Flag Day in 1949.

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Merry Christmas!

holidays | December 25, 2014 image description
holidays | December 25, 2014

Yep, it’s Christmas Day! And because you made the special effort to visit us here at 1040.com, we’ll suspend the income tax chatter for a while so you can enjoy your holiday, instead of worrying about income, deductions and extensions. So, what do you say we have a little fun instead?

Like a lot of holidays, Christmas has a lot going on behind the scenes. Since it’s celebrated around the world, we’ve got some interesting facts about Christmas from all over.

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