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The Answer is LINCOLN

The IRS dates back to 1862, when President Lincoln signed into law a revenue-raising measure to help pay for Civil War expenses. The law created a Commissioner of Internal Revenue and the nation's first income tax of 3 percent on incomes between $600 and $10,000 and 5 percent on incomes of more than $10,000. Ten years later, it was repealed.

However, Congress revived the income tax in 1894 but the Supreme Court ruled it unconstitutional shortly afterward. The reason: It was a direct tax and not allocated among the states on the basis of population.

The income tax as we know it was created in 1913, when the 16th Amendment to the Constitution was ratified, giving Congress the authority to enact an income tax. That same year, the first Form 1040 was introduced.


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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.