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Internal Revenue Service: Difference between revisions
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*The initial rate was 3% on income over $800, which exempted most wage-earners. | *The initial rate was 3% on income over $800, which exempted most wage-earners. | ||
*In 1862 the rate was 3% on income between $600 and $10,000, and 5% on income over $10,000. | *In 1862 the rate was 3% on income between $600 and $10,000, and 5% on income over $10,000. | ||
By the end of the war, 10% of | By the end of the war, 10% of Union households had paid some form of income tax, and the Union raised 21% of its war revenue through income taxes.<ref>{{cite web |url=http://www.tax.org/Museum/1861-1865.htm |title=1861–1865: The Civil War |publisher=Tax.org |access-date=August 9, 2010 |archive-date=February 16, 2011 |archive-url=https://web.archive.org/web/20110216062329/http://www.tax.org/Museum/1861-1865.htm }}</ref> | ||
===Post Civil War, Reconstruction, and popular tax reform (1866–1913)=== | ===Post Civil War, Reconstruction, and popular tax reform (1866–1913)=== | ||