First US Income Tax: Civil War Needs Funding
The U.S. government imposed a 3% tax on incomes exceeding $800 to fund the Civil War effort through the Revenue Act of 1861. This bold fiscal move established the federal income tax as a permanent tool for national finance, even though Congress rescinded it in 1872 after the conflict ended.
August 5, 1861
165 years ago
Key Figures & Places
American Civil War
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income tax
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Federal government of the United States
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United States government
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1872
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Revenue Act of 1861
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American Civil War
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Income tax
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Federal government of the United States
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Revenue Act of 1861
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1872
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