Question

 When did income taxes begin?

Answer The first personal income tax in the United States was collected in 1862, after the start of the Civil War. The Revenue Act of 1861 set the tax at 3 percent on income over $800 a year. Before that,... Read More »
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Top Q&A For: When did income taxes begin

When did income taxes begin in this country?

The first personal income tax was collected in 1862, after at the start of the Civil War. The Revenue Act of 1861 set the tax at 3 percent on income higher than $800 a year. Previously, federal tax... Read More »
http://www.answerbag.com/q_view/1958490

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 »
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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 »
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How to Get Out of Estate Taxes & Income Taxes Without Moving States?

If you do not do any estate planning, your heirs could end up with a hefty estate tax and income tax bill when you die. The estate tax is a tax that is paid based on the total assessed value of you... Read More »
http://www.ehow.com/how_6821494_out-income-taxes-moving-states.html


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