April 14, 2009
Posted: 03:14 AM ET
By Howard Troxler
If you are rushing to get your taxes filed by Wednesday, just be aware that it's Wyoming's fault.
In 1913, Wyoming cast the deciding vote to ratify the 16th Amendment to the U.S. Constitution, authorizing a federal income tax.
There had been an income tax off and on as early as the Civil War, but the U.S. Supreme Court declared it unconstitutional. This led to the 16th Amendment.
The new tax was for 1 percent on annual incomes of more than $3,000 a year, and a whopping 6 percent on incomes above $500,000, according to the Internal Revenue Service.
Now, I have never heard anyone say, "I like paying taxes, and wish that they were higher."
But to a certain extent, I do like paying my taxes, whether federal, state or local, and here's why: I do not mind paying for the right stuff.
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