Taxation history
Which amendment gave Congress the authority to enact the income tax?
A. 1st
B. 7th
C. 16th
D. 24th
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Answer: C, 16th
“In 1913, Wyoming ratified the 16th Amendment, providing the three-quarter majority of states necessary to amend the Constitution. The 16th Amendment gave Congress the authority to enact an income tax. That same year, the first Form 1040 appeared after Congress levied a 1 percent tax on net personal incomes above $3,000 with a 6 percent surtax on incomes of more than $500,000.” Learn more.
Posted by FederalDaily Staff on Feb 21, 2019 at 9:54 AM