T-shirt of the Day Award for the First National Income Tax!

5 Aug

In order to help pay for the war effort (that would be the American Civil War), the United States government levied the first-ever national income tax on the American people with the Revenue Act of 1861.

The Revenue Act of 1861 levied a three percent tax on all incomes over $800. This was the first such tax ever levied on the new country, although excise taxes had been levied on consumer items such as liquor and tobacco. The Revenue Act was rescinded eleven years later, in 1872. No further income tax was levied on the American people until forty-one years later. In October 1913, Congress passed a new income tax law that affected less than one percent of the population, with rates starting at one percent and going as high as seven percent for taxpayers with income higher than $500,000.

Remember if you click on any t-shirt, you can choose the style, color, and size you want, for infants to adults!

I’ll see you in a funny t-shirt!

Get more tax-tshirts!


2 Responses to “T-shirt of the Day Award for the First National Income Tax!”

  1. Robert August 7, 2010 at 4:16 am #

    Thanks for including my shirt on your site.

    • Carma August 7, 2010 at 4:59 am #

      Enjoyed doing it – thanks for making great t-shirts!

Comments are closed.

%d bloggers like this: