Most people aren’t big fans of a national income tax, but it was on this day back in 1861 that the first one was levied by the new President, Abraham Lincoln.
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April 15 is usually marked each year as the traditional day people need to file their taxes, so it’s not exactly celebrated as a holiday. But how did April 15 become the big day–and how did we get the IRS in the first place?
Today we celebrate a constitutional ratification twofer: the 15th Amendment (ratified February 3, 1870) and the 16th Amendment (ratified February 3, 1913). Here’s what you need to know.
Despite several years of strong lobbying and legislative efforts, the supporters of a national Internet sales tax won’t be getting that as a gift this holiday season.
The price you pay for items bought on the Internet could be heading up, after the U.S. Supreme Court decided on Monday to stay out of a fight over adding Internet sales taxes to consumer purchases.