oct 1, 1913 - Revenue Act of 1913
Description:
Graduated Income Tax (Finance #3): Also known as the Underwood Tariff or the Underwood-Simmons Act, the Revenue Act of 1913 re-established a federal income tax in the U.S. and substantially lowered tariff rates.Added to timeline:
Date:
oct 1, 1913
Now
~ 112 years ago