This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
First Income Tax An Eye-Opener for 1862 Withholding
The 1862 act imposed withholding on dividends and interest for banks and insurers with a 3 percent rate on incomes between 600 and 10,000 and 5 percent above 10,000. It exempted the first 600 and funded Civil War needs. The idea recurs in Kennedy era debates, meeting opposition and support from varied lawmakers and industry groups.
MENTIONED IN THIS ARTICLE
Kennedy
Congress
Harry F. Byrd
Virginia
Jacob K. Javits
New York
Stock Exchange
National Association of Manufacturers
Paul Douglas
Dill
U.S. Chamber of Commerce
House
Senate
Treasury
Grant
Supreme Court
Poleon
Britain