Question

 When did congress start income taxes?

Answer According to the Department of the Treasury, Congress passed the Revenue Act of 1861 to finance Civil War expenses. This act imposed an income tax of 3 percent on incomes greater than $800. However... Read More »
http://www.answerbag.com/q_view/1958539

Top Q&A For: When did congress start income taxes

What year did income taxes start?

Income taxes were supposed to be collected with the passing of the Revenue Act of 1861, which imposed a 3 percent tax on incomes greater than $800 per year. However, problems with the tax postponed... Read More »
http://www.answerbag.com/q_view/1958546

When can we start filing income taxes?

Technically, you can file your taxes after January 1 of the new tax year. However, you must wait until you receive all of your documents, such as W-2 and 1099 forms, before you can complete your ta... Read More »
http://www.answerbag.com/q_view/1953450

What income bracket pays federal income taxes?

All income brackets have people who have federal tax obligations, however, the amount of people who owe any taxes drops precipitously as income levels falls. According to the Tax Policy Center, onl... Read More »
http://www.answerbag.com/q_view/2067398

Is retirement income exempt from state income taxes?

Every state handles taxation of retirement income differently. Seven states do not tax personal income at all, two only tax income from interest and dividends, and 36 states offer some type of excl... Read More »
http://www.answerbag.com/q_view/2128484


feedback
loading