Tax and Tax Information

The Western Union Company is a financial services and communications company based in the United States. Its North American headquarters is in Greenwood Village, Colorado, and its international marketing and commercial services headquarters are in Montvale, New Jersey. Until it discontinued the service, Western Union was the best known US company in the business of exchanging telegrams.

Western Union has a number of divisions, with products such as person-to-person money transfer, money orders, and commercial services. As of September 9, 2000, the company has 350,000 Western Union agent locations in over 240 countries and territories.

CPA Moms will transfer your tax refund to a Western Union Office near you. Pick your Tax Refund in Cash.

     

Tax and Tax Information - History Of Tax

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Tax and Tax Information * History Of Tax

A History of the Income Tax in the U.S.   
Garry Gamber

After the United States declared its independence and fought the Revolutionary War, the U.S. Congress relied on excise taxes on alcohol, tobacco and a few other products for revenue to pay off its war debts.

These taxes were not popular and led to the Whiskey Rebellion during the administration of George Washington. The U.S. instituted direct taxes on real property, estates, and slaves, taxes which Thomas Jefferson abolished in 1802. The U.S. relied solely on excise taxes for a few more years until they were repealed in 1817. At that point the U.S. had plenty of public land to sell and it relied on the sale of land and on customs duties for its revenue until the Civil War.

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The cost of the Civil War prompted Congress to restore the excise taxes and to impose a tax on personal income. The tax rate at that time was 3% and proved inadequate for the war needs, so Congress passed new excise taxes on a broader range of items and began taxing licenses, professions, and trades. Following the Civil War the need for revenue declined and Congress abolished the income tax in 1872. For the next 30 years nearly all revenue was collected from the various excise taxes.


Congress passed a flat rate income tax of 2% in 1894, but the Supreme Court ruled that the new tax was a direct tax and that it was not apportioned according to each state's population, as required by Article 1 of the Constitution. The Spanish-American War forced the U.S. to increase tariffs and excise taxes, but it was vigorously debated that the U.S. could not continue to sustain itself with high tariffs and excise taxes and that those taxes were disproportionately burdensome to the less affluent.

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The ensuing debates about excise taxes, tariffs, property taxes, and income taxes led to the 16th Amendment to the Constitution in 1909 which allowed the Federal government to levy a tax on individual lawful incomes. The amendment clarified the earlier Supreme Court ruling by essentially saying that the tax on income was not a direct tax and that it could be levied without regard to the population of each State. Ironically, the amendment was proposed by conservatives in Congress who believed that the amendment would never be ratified and who hoped that the failed amendment would defeat the idea of a tax on income forever. However, in 1913 the amendment was ratified by 36 of the 48 States, the necessary three-fourths majority, and then ratified by 6 more States.


The new income tax law passed by Congress established tax rates of 1% to 7% and included generous exemptions and deductions. As a result, only 1% of the population paid income tax during the first year following the passage of the tax law.


When the U.S. entered into World War I the need for revenue greatly increased. Over the next few years the tax on incomes was increased several times, starting with the 1916 Revenue Act. The War Revenue Act of 1917 reduced exemptions and raised the tax rate again. The 1918 tax act raised the bottom tax rate to 6% and the upper rate to 77%.


Since the end of World War I the tax rate has changed many times, reflecting the needs of the Federal government at the time of the change. For example, during the prosperity of the 1920's, the tax rate was reduced to a minimum rate of 1% and a maximum rate of 25%. As the United States' economy has grown in strength and the Federal government has grown in size, the income tax has become an increasingly important segment of the government's revenue. As a result, tax laws and the tax code have been revised and refined constantly in an effort to meet the changing revenue needs of the Federal government.



Garry Gamber is a public school teacher and entrepreneur. He writes articles about politics, real estate, home businesses, poetry, and books. He is the owner of Good Politics Radio Alaska and a BookWise information lens on Squidoo.

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Index of Articles about Taxes

What Other Authors say about Taxes

Finding Out How Much Money Do You Have To Make To File Taxes? by Carl LaFresnaye

There are many people who wonder if they really have to file taxes since they do not make very much money. Since taxes are so dreaded by most people, answering the question of how much money a person...

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Now, here's a real savings to the individual taxpayer with children. The child tax credit is a direct tax credit that is available to provide credit to taxpayers with income below certain established levels....

Use Tax Credits To Help Finance Your College Education by P. Nash

Students are always on the lookout for ways to help pay or offset the cost of their tuition. There are various government grants and scholarships available to you if you qualify. But what if you don't...

Deciding when to File a Tax Return? by Keith Hoyng

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Unclaimed Tax Refunds: How To Claim Yours by Gray Rollins

When a taxpayer owes money on their taxes they need to pay the amount owed before the traditional April 15th deadline. If the amount owed on taxes is not paid before the deadline, then federal and state...

Tax Credits for Retirement Savings by Richard A. Chapo

It is a well-known fact that Americans are miserable failures when it comes to saving for retirement. Well, the government is offering tax credits to change this for some of us.Tax Credits for Retirement...

How Can Sales Tax Save You Money? by Steve Dolan

It's that time of the year again... tax time! It may not be one of the more enjoyable times of the year, but it is definitely one of the more important dates on the calendar. Hopefully, you have listened...

What Is An Inheritance Tax And When Is It Applied? by Gray Rollins

When an individual passes, on the federal government imposes an estate tax. This estate tax only applies to estate properties that are over one million fifty thousand dollars. The federal government is...

Sources Of Tax Deductions by Carl LaFresnaye

Taxes are expensive! And though we don't mind paying “our fair share,” everyone is happy when they find a way to reduce their taxes. One of the simplest ways to reduce the taxes you will owe is to have...

Preparing Ahead For A Pleasant Tax Day by Carl LaFresnaye

How did you spend your last tax day? In line at a post office at almost midnight, dropping off your taxes? Dreading going on an extension again – knowing if you owe and don't pay it on time, there will...

Why Do We Pay Taxes? by Carl LaFresnaye

As Benjamin Franklin famously said, nothing is certain except death and taxes. But where do taxes come from, and do we really need them? A History of Taxes The first recorded use of taxation was...

When To Use A Tax Attorney by Carl LaFresnaye

While most people would not require the use of a tax attorney, those who own their own businesses or who have a multitude of assets are wise to consult a tax attorney. In addition to the accountant that...