Schansberg: We ‘Celebrate’ the Income Tax Centennial
by Eric Schansberg, Ph.D. This year, we celebrate the 100th anniversary of the 16th Amendment’s income tax, passed in the last days of the Taft Administration in February 1913. It was the first change in the Constitution since 1870, giving Congress “the power to lay and collect taxes on incomes, from whatever sources derived.” In … Read more