aug 9, 1861 - First United States Income Tax

Description:

On August 9, 1861 Abraham Lincoln passed the Revenue Act which added federal tax by 3%. He created this act to try and get money to pay for damages and medical prices. With adding this 3% he can earn in annual $800. The act was written to say income gain is “derived from any kind of property, or from any professional trade, employment, or vocation carried on in the United States or elsewhere or from any source whatever.” Later on this act was then created into the 16th amendment in 1909.
Information - history.com: this day in history
Picture - robinslibrary.com