Category Archives: Taxes

June 21, 1866: The income tax

The Cape Girardeau Argus ran a short item explaining the still new income tax law. As the cartoon above from 1895 indicates, a later version of such a tax would be declared unconstitutional. The issue was finally resolved by the … Continue reading

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November 5, 1862: How big is the national debt?

The editor of the Richmond Daily Dispatch indulges here in some speculation about the true size of the Union national debt. He puts it at well over 1 billion dollars, rather than the 640 million secretary Chase claims. The debt … Continue reading

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July 8, 1862: Down with the income tax

George Boutwell, first Commissioner of Internal Revenue The New York Times does not care for the new “income tax” passed by Congress to fund the war. The editor has two objections: first, it will produce an army of civil servants … Continue reading

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July 3, 1862: Collecting taxes from seceded states.

Lincoln proclaimed certain states and parts of states to be in “insurrection”, for the purposes of enforcing the collection of taxes. As I read it, the act puts a lien against the lands of such areas for the amount of … Continue reading

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