jan 6, 1913 - Adoption of the graduated income tax
Description:
The origin of the modern income tax began with the ratification of the Sixteenth Amendment to the U.S. Constitution. The amendment authorized Congress to institute a graduated income tax on the earnings of American workers. This power thus enabled the passage of the Revenue Act of 1913.Added to timeline:
Date:
jan 6, 1913
Now
~ 111 years ago
