[net.taxes] Selective Education

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
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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?)).