Tax free edition
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Tax free edition
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WebApr 11, 2024 · Answer: C. To raise money for the cash-strapped U.S. Treasury, President Abraham Lincoln signed the first income tax measure into law in 1862. It imposed a 3 percent tax on people making $600 to $10,000 yearly and 5 percent on incomes above that. It was repealed in 1872. 2.
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