Income Tax, Federal.
The first U.S. income tax was introduced during the Civil War and collected through a newly established Bureau of Internal Revenue in the Department of the Treasury. It was designed less as a money-raiser (though, at its height, it accounted for a fifth of Union revenues) than as a political diversion—conspicuously targeting the well-to-do in order to cloak the disproportionate burdens that higher ... ...
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