This month’s featured article from TEF.

More Than a Century of Paying Income Taxes

By Amy K. Frantz

The U.S. Constitution was amended in 1913 to allow the establishment of a federal income tax. The Internal Revenue Service (IRS) briefly describes the ratification of the 16th Amendment and the first income tax adopted by Congress in 1913:

“In 1913, Wyoming ratified the 16th Amendment, providing the three-quarter majority of states necessary to amend the Constitution. The 16th Amendment gave Congress the authority to enact an income tax. That same year, the first Form 1040 appeared after Congress levied a 1 percent tax on net personal incomes above $3,000 with a 6 percent surtax on incomes of more than $500,000.”

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