I loved this The Federal revenue Tax - A Brief History
Unless you've been out of the country since the ratification of the Sixteenth Amendment to the Constitution in 1913, you recognize that the Irs (a.k.a. The Internal revenue Service) is the department responsible for collecting personal revenue taxes from citizens of United States.
The Federal revenue Tax - A Brief History
The Irs has a long-lived history returning to the Civil War era when President Lincoln and Congress created the office of the commissioner of the Internal Revenue. This appointment was to administrate the collection of taxes on personal revenue to pay war expenses. This particular form of the revenue tax was repealed 10 years later. But, Congress wasn't done and tried to revive the revenue tax in 1894. Interestingly, the supreme Court ruled it unconstitutional the following year.
Amendments to the Constitution want a three-quarter majority by state. In 1913 Wyoming completed this three-quarter majority, once more returning to Congress the authorization to enact an revenue tax on its citizens. Also in 1913, the [in]famous 1040 form was issued and Congress levied a 1 percent net personal tax on incomes more than ,000 and an tremendous surtax of 6 percent on incomes over 0,000!
Historically the revenue tax rate has risen and fallen colse to the events of the times. For example, the top tax rate during World War I climbed to 77 percent to help finance the war effort. It dropped dramatically in post-war years to as microscopic as 24 percent in 1929 but then rose once again during the Great Depression.
It was in the 1950's that the department dramatically reorganized exchanging a patronage theory with career professionals. The governing body also changed its name from the Bureau of Internal revenue to the Internal revenue Service; good know today as the Irs. The positions within the service are hired with the exclusion of the Irs commissioner and chief counsel both of which are chosen by the president and confirmed by the Senate.
The Restructuring and Reform Act of 1998 has established for us, an updated Irs. Alterations instituted with this act affected the most encompassing reorganization and modernization of the Irs in nearly half a century. The Irs reorganized itself to intimately look the underground sector model of organizing colse to customers with similar needs.
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