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Which country introduced income tax first?

When and why was the first you? S income tax introduced?

  • Answer:

    Personal Income Tax Introduced in U.S. (1913): At first, income taxes were considered a temporary tax to help raise money for war. The first time an income tax was enacted was in 1799 in Great Britain to help the British pay for troops and supplies to defeat the French forces led by Napoleon.

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The high cost of the War of 1812 brought about the nation's first sales taxes on gold, silverware, jewelry, and watches. In 1817, however, Congress did away with all internal taxes, relying on tariffs on imported goods to provide sufficient funds for running the government. During the Civil War, a person earning from $600 to $10,000 per year paid tax at the rate of 3%. Those with incomes of more than $10,000 paid taxes at a higher rate

LaChelle Clayton

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