Posts Tagged Cambridge Massachusetts

  • July Dates and Facts - Taxes, War Dates and Wacky Celebrations July Dates and Facts – Taxes, War Dates and Wacky Celebrations

    By Eloise Graham Taxes July 1, 1862 – President Abraham Lincoln signed the first income tax bill, levying a 3 percent income tax on annual incomes of $600 - $10,000 and a 5 percent tax on incomes over $10,000. This fact made me inquisitive about the history of taxation in America. The fir...