How long has there been federal income tax?

Answer The Revenue Act of 1861 established a tax on personal income of 3 percent on all incomes over $800 a year.Source:History of the U.S. Tax System

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How long has there been a federal income tax?

Congress passed a federal income tax law in October 1913. The original federal income tax rate was 1 percent for most individuals, rising to 7 percent for individuals earning more than $500,000 in ... Read More »

Is there a ceiling to federal income tax?

No, there is not a ceiling to federal income tax. The IRS states that, as of the 2009 tax year the maximum tax is $104,892.50 plus 35 percent of income over $372,950 for someone filing as head of ... Read More »

How long do you have to refile federal income tax returns?

Refiling a tax return requires the use of a Form 1040X. In order to receive a refund based on an amended return, the IRS has instilled a limit of three years for the payment of refunds. If the amen... Read More »

Is there a law that states you have to pay federal income tax?

According to the U.S. Department of the Treasury, the 16th Amendment established laws allowing Congress to impose a federal income tax. Federal income tax rates are dependent on your earned income.... Read More »