A federal income tax was imposed on several occasions in the 1800s.
However, in response to a court case which determined that income from
property was required to be imposed in proportion to states' population,
Congress proposed the Sixteenth Amendment.
Thus in 1913, the modern
income tax system was born.
In 1913, 358,000 returns were filed which was 2% of all households.
While the top tax rate was 7% on incomes above $500,000 ($10.9 million
in 2010 dollars), the first $3,000 ($65,331 in 2010 dollars) was exempt
from the the income tax for single persons.
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