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Friday, April 14, 2023

Why Do We Pay Taxes?

 
Thank Abraham Lincoln. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌
 
Inside History: Deep Dive
     
Why Do We Pay Taxes?
April 18 is the official deadline for filing federal income tax returns in the United States this year. Since 1950, individual income taxes have been the primary source of revenue for the U.S. government, accounting for over 80 percent of federal revenue. But when did we start paying taxes, and why?

The history of income taxes in the United States dates back to the Civil War, when Abraham Lincoln signed the nation's first-ever tax on personal income into law to help pay for the Union war effort.
Read More
     
All the Weird Ways People Have Tried to Avoid Paying Taxes
Nobody likes paying taxes. Even so, most people have probably never considered telling the Internal Revenue Service they can’t pay because their social security number is heretical.

Here, we collect some of the most creative excuses Americans have made for evading their taxes.
Read More
     
Why Pay Taxes?: Your Dollars at Work
Why Pay Taxes?: Your Dollars at Work Watch this video
     
DID YOU KNOW?
In the early 1700s, Russian ruler Peter the Great imposed a tax on beards to "modernize" his country and make Russians look and act more like Western Europeans. Read more.
 
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