***emphasizing the extremely low tax rates, and that most would pay no tax at all
***stressed its simplicity
***pointed to problems and controversies surrounding tariffs
The original tax exempted anyone earning less than $3,000/year or married couples earning less than $4,000/year. Those with incomes between $20,000 and $50,000 would pay 2% and those with incomes over $500,000 would pay 7%. This was the top rate.
The income tax allowed the federal government - and state and local governments – to grow rapidly.
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