chris@umcp-cs.UUCP (Chris Torek) (11/04/84)
> Some recent articles on this network is the first that I have ever heard > that the USA once existed without the personal income tax. Talk about > selective education! There were also two years that the government had a surplus of money; I remember 18xx but not what the xx was. Does anyone know when these were, and whether this was before or after the income tax was established? -- (This mind accidently left blank.) In-Real-Life: Chris Torek, Univ of MD Comp Sci Dept (301) 454-7690 UUCP: {seismo,allegra,brl-bmd}!umcp-cs!chris CSNet: chris@umcp-cs ARPA: chris@maryland
drp@ptsfb.UUCP (Dale Pederson) (11/05/84)
> > Some recent articles on this network is the first that I have ever heard > > that the USA once existed without the personal income tax. Talk about > > selective education! > > There were also two years that the government had a surplus of money; > I remember 18xx but not what the xx was. Does anyone know when these > were, and whether this was before or after the income tax was established? Personal Income Tax came into being around 1913, I don't have the exact year immediately available. Estate taxes first started around the same time frame. Many of the huge fortunes of the USA were begun in those pre-income-tax years (e.g. Rockafeller (sp?)).