“April 18 is the official deadline for filing federal income tax returns in the United States this year. Since 1950, individual income taxes have been the primary source of revenue for the U.S. government, accounting for over 80 percent of federal revenue.” But why thank Abraham Lincoln.?
Income taxes in the United States date back to the Civil War when Abraham Lincoln signed the nation’s first-ever tax on personal income into law to help pay for the Union war effort. But it was not until over 150 years later that a billionaire president cut taxes for the wealthy and corporations so that most of the burden of taxes fall on the people who are in the middle and lower-middle range of income earners.
In my imaginary conversation with Honest Abe as he was rolling over in his grave, he asked me how the republican party went so far astray and wanted me to switch his affiliation to the democrats. I explained to him he could do it at the DMV next time he renewed his driver’s license.
I’m hanging on by a thread…