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Legal agenda and live webcasts ~ Monday, January 17
Here's a run-down of law-related events, expected developments and live webcasts on JURIST's docket for Monday, January 17.Today is Martin Luther King Day, a federal holiday in the United States. Federal and state courts are closed in obser (More) |
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Legal agenda and live webcasts ~ Friday, December 3
Here's a run-down of law-related events, expected developments and live webcasts on JURIST's docket for Friday, December 3.The US House and Senate are in recess. The US House will reconvene on Monday, December 6 at 2 PM. The US Senate will r (More) |
President Lincoln signed first US federal income tax act
On July 1, 1862, the Tax Act of 1862 was passed and signed by President Lincoln, establishing a 3% federal tax on income above $600 and a 5% tax on income above $10,000.
Compliance with the act was poor, even though there were needs for the Civil War. After the war the act was declared unconstitutional by the Supreme Court. Review a brief history of the US income tax from the Library of Congress.
