WASHINGTON, July 14, 2016 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:
FIRST INCOME TAX
Profile America — Thursday, July 14th. Income taxes first came to America 154 years ago this month, when President Abraham Lincoln signed a bill levying a 3 percent tax on incomes between $600 and $10,000, and 5 percent for greater incomes. The tax was rescinded in 1872. The income tax all of us know today dates to 1913, when the 16th Amendment to the Constitution was ratified. About 147 million individual income tax returns are submitted annually, reporting tax revenues totaling over $1.6 trillion. There are over 31,000 tax preparation offices around the nation. These services employ nearly 200,000 people engaged in figuring out the personal or business taxes owed. You can find more facts about America from the U.S. Census Bureau online at www.census.gov.
Profile America is produced by the Center for New Media and Promotion of the U.S. Census Bureau. Statistics and accounts drawn from cited non-Census sources are employed for illustrative or narrative purposes, and are not attested to by the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Audio" in the "Library" pull-down menu).