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Federal Income Tax takes effect in the United States

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The new federal tax on incomes, passed the previous August, came into effect.  Progressive rates began with 3% on incomes more than $800 per year.  This tax was rescinded, along with other Civil War special taxes, in 1872. (By John Osborne)
Source Citation: 
Joseph Nathan Kane, ed., Famous First Facts (New York: H.W. Wilson Company, 1981), 633.


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