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Earn +20 ptsQ: Why was the federal income tax established?
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Which amendmnet established the federal income tax?
16th
Is the federal income tax proportional progressive or regressive?
The federal income tax is progressive A tax that charges more for higher incomes
How is the federal income tax a progressive tax?
The Federal income tax is a progressive tax because the more a person makes in revenue, the more tax they will have to pay. The tax level or percentage is higher for those with a higher income, too.
When was federal income tax initiated?
Income tax was instituted on July 01, 1913
When was federal income tax first collected?
The first Federal Income tax was collected in 1862. It was to help pay the cost of the United States Civil War.
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