Income taxes are usually
due on April 15th
from all employed
Americans. If April 15th
falls on a Saturday or a
Sunday, the due date is
extended to the next
non-holiday weekday.
Note: In 2005,
the municipality of
Washington, D.C.
enacted legislation
making April 16 an
official public
holiday
(Emancipation Day)
in the District of
Columbia. Since
holidays in
Washington, D.C.
have a nationwide
impact, taxpayers
will have another
extra day to file
their taxes when the
extended deadline
falls on this
District of Columbia
holiday.
A tradition for many
Americans is to wait
until midnight to mail
their income tax
returns.
Income taxes have
become such a common
part of our lives, that
it is hard to imagine
that, at one time, there
was no income tax in the
U.S. When the country
was young, it struggled
to raise funds from the
13 original states – $15
million from each state
in 1779 and more in
following years.
The government
collected the first
income tax during the
Civil War, but only
temporarily. President
Grover Cleveland tried
to start up regular
yearly income taxes in
1894, but the Supreme
Court ruled it
unconstitutional. For
supporters of the income
tax, that meant amending
the Constitution, which
the government finally
did in 1913 with the 16th
Amendment. From that
point on, Congress could
legally collect taxes on
incomes.
Homer S. Cummings,
Chairman of the
Democratic National
Committee during the
administration of
President Woodrow
Wilson, counted the
income tax as among the
most notable
accomplishments of the
Democratic Party. The
funds raised from it
have been used for
running many parts of
the government. How much
one pays depends on
yearly earnings and
certain deductions.
Links
|
|
Internal Revenue Service |
|
Americans "Celebrate" Tax Day - Annual
reconciliation of tax obligations provides
refunds for most. (From the U.S. Department of
State's Bureau of International Information
Programs) |
|
U.S. Business
Advisor - Website sponsored by the Small
Business Administration (SBA). Find important
links to Federal and state tax resources, tax
forms, and assistance in complying with the tax
code. |
|
 |
|
|
|
Sponsored Links
|
|
|
|
|
|
|