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Tag: Income Tax

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5th August 1861: Abraham Lincoln signs US income tax into law to help pay for the American Civil War

  • 5th August 2020
  • Tagged as: Abraham Lincoln, America, American Civil War, Civil War, Economy, Finance, Income Tax, Lincoln, Tax, United States

The Revenue Act of 1861 was signed into law by Abraham Lincoln, imposing U.S. federal income tax for the first time.

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