Historical Events tagged with "revenue act"

Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.

Politics & Government

First U.S. Income Tax Enacted During Civil War

August 5th, 1861 163 years ago

To finance the Civil War, the United States government introduced its first income tax under the Revenue Act of 1861. The tax was set at 3% on incomes exceeding $800. This step marked a significant shift in federal revenue policy and laid the groundwork for future taxation systems. Aimed at supporting the war effort, this income tax represented a new approach to funding government operations amid conflict.

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