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Incoming: A History of the US Income Tax


President Lincoln enacted the first income tax to help fund the Civil War. The rates: 3{982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5} on incomes between $600 to $10,000, and 5{982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5} on incomes above $10,000.

That factoid comes from a handy infographic produced by tax-preparation software company TurboTax on the history of the U.S. income tax. Among the other interesting tidbits in this capsule timeline, which details to top rate every year since 1913: LBJ was a tax cutter (he lowered the top rate to 77{982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5} from the infamous 91{982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5}).

?For the full timeline, click here.


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