Could this
be more appropriate?
THE
SIXTEENTH AMENDMENT
The Congress shall have power to lay and collect taxes on
incomes, from whatever source derived, without apportionment among the several
States, and without regard to any census or enumeration.
It
was ratified on February 3, 1913.
The
following October, the Revenue Act of 1913 was signed into law by President
Woodrow Wilson. The Act also provided
for the reinstitution of a federal income tax… But less than 1% of the
population paid FEDERAL income taxes.
The incomes
of couples exceeding $4,000, as well as those of single persons earning $3,000
or more, were subject to a one percent federal tax. Further, the measure provided a progressive
tax structure, meaning that high income earners were required to pay at higher
rates.
It would
require only a few years for the federal income tax to become the chief source
of income for the government…
Source: Wikipedia
Just so awesome. LOVE that dumbshit president of ours.
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