income tax, History of Income Tax | 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.
income tax, History of Income Tax | 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.