Graduated income tax (2 Jul 1909 Jahr – 3 Feb 1913 Jahr)

Beschreibung:

The goal was to empower farmers to set their prices for their crops. The Omaha Platform introduced a unique tax system that would make farmers pay taxes according to their Income—the plan aimed to utilize the revenue from income tax to lessen the tax burden on US-based companies. The 16th Amendment was passed on February 3, 1913, granting Congress the power to impose an income tax without relying on population-based assessments. (Finance, 3)

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