Describe the first institution of the income tax in the United States, the reason behind it, and what happened to it.

1 answer:

4 0

Answer: The system of tax began in America in the year 1861, this was during the civil war, where the Congress passed an Act that included a tax on personal incomes inorder to meet up war expenses.

Explanation:

The system of tax began in America in the year 1861, this was during the civil war, where the Congress passed an Act that included a tax on personal incomes inorder to meet up war expenses. The tax system was cancelled after 10years of the practice but was later reinstated by the Congress in 1894 on federal level, but it was ruled out the following year by the Supreme Court because it was taxed directly and not according to the population of each state. In the year 1913 the federal government was allowed to tax everyone irrespective of the sizes of their state by the 16th amendment. This has been what's obtainable about the tax system till date.

You might be interested in

Any agreement should, as a part of the services provided, allow your organization to __________ your disaster recovery plan. Sel

eimsori [14]

Answer:

The correct answer is A. Test.

Explanation:

A test is different from an experiment: Before performing a test, there is an expected result. The test is performed to show this result. In an experiment, the result is open. Very often, tests are performed as part of an experiment.

8 0

4 years ago

productivity software has been used for a number of years. Recent advancements in productivity software technology have made ___

kipiarov [429]

Coordination or cooperation

7 0

3 years ago

Ski resorts are interested in the mean age that children take their first ski and snowboard lessons. They need this information

Setler79 [48]

Answer:

The answer is B: The population is all of the children taking skiing or snowboarding lessons

Explanation:

The population of a group is usually a group having something in common. For a research study, the population is always a large collection of people with a feature. From the population, the sample is selected. For example, all patients with mental disorder in a hospital can be the population, while patient with schizophrenia would be the sample. Thus in the example above, the population is all of the children taking skiing or snowboarding lessons.

3 0

4 years ago

Many people tend to be too conservative when investing their retirement funds.

goblinko [34]

Many people tend to be too conservative when investing their retirement funds this is true

Medical expenses. Most of us will experience rising medical costs as we age, which could be problematic without adequate preparedness.

Market turbulence, inflation, and so on

Running out of money, losing a spouse, etc.

Rising inflation, shifting interest rates, erratic stock market behavior, and ineffective retirement plans are just a few examples of financial hazards.

Neglecting Your Long-Term Plan. It's far too simple to be seduced by busy markets and promises of substantial rewards.

Taking out loans against retirement funds, skipping required minimum distributions, etc.

Learn more about medical expenses here brainly.com/question/14152634

#SPJ4.

5 0

2 years ago

Stefan is looking for a job. Today he went to the Web site of Qriosity Inc., where he filled out an online application and attac

antiseptic1488 [7]

Answer:

initial selection

Explanation:

Based on the information provided within the question it can be said that in this scenario Stefan is in the initial selection phase of the selection process. This is the first step in the process in which the individual provides initial information to the company/firm, which they analyze in order to see if the individual meets the basic qualifications for the position that needs to be filled. If so the individual moves to the next phase which would be substantive selection.

3 0

4 years ago