Post by twetch#2022

1sNJWU…Qwas Key · twetch

During the Civil War Congress passed the Revenue Act of 1861 which included a tax on personal incomes to help pay war expenses. The tax was repealed ten years later.

What the chain says
Block
635 463
Time
2020-05-18T13:28:17Z
Signer
1sNJWUrAYfdxAKN1zGq3t9hwyR6ynQwas
App
twetch
Type
post
Content type
text/plain
Name in tx
twetch#2022

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1sNJWUrAYfdxAKN1zGq3t9hwyR6ynQwas Verified

Reposted by (1)

Replies (3)

148sxa…cGeq Key · twetch
Replying to@148sxa…cGeq

welcome back to slavery motherfucker

1GSFgv…GE3F Key · twetch
Replying to@1sNJWU…Qwas

Alcohol tax used to make up ~ 40 percent of US Government revenues. After prohibition was introduced in some states 1914 and nationwide in 1920, US needed another way to raise funds and hence income tax was reintroduced. Never to be repealed again :-/