fatimahb377
fatimahb377 fatimahb377
  • 20-04-2022
  • Social Studies
contestada

What event activated the need for the first income tax?

Respuesta :

tannaonpluto tannaonpluto
  • 20-04-2022

Answer:

On August 5, 1861, President Lincoln imposes the first federal income tax by signing the Revenue Act. Strapped for cash with which to pursue the Civil War, Lincoln and Congress agreed to impose a 3 percent tax on annual incomes over $800.

Explanation:

hope this helps!!

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marcoholbrook
marcoholbrook marcoholbrook
  • 11-05-2022

Answer:

The other person is correct!

Explanation:

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