4.5 • 670 Ratings
🗓️ 17 April 2018
⏱️ 4 minutes
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0:00.0 | Hey, history lovers. I'm Mike Rosenwald with Retropod, a show about the past, Rediscovered. |
0:06.5 | Today, I have bad news, but I also have some helpful news. Okay, first the bad news. Today is |
0:14.3 | tax day. If you haven't filed your taxes yet, you might want to pause this episode and get to work. |
0:20.6 | But here's the helpful news. |
0:22.4 | If you find yourself cursing the IRS and all its rules and auditors and collectors, |
0:27.1 | I'm here to tell you who to blame. Abraham Lincoln. Yes, in addition to serving as the |
0:35.1 | country's first bearded president, Abraham Lincoln is remembered for many things. |
0:39.2 | He's renowned for his leadership during the Civil War and freeing the nation's slaves. |
0:43.2 | He founded land grant colleges. |
0:45.2 | And, well, he was the first commander-in-chief to be assassinated in office. |
0:50.2 | Given all that, perhaps there just hasn't been room in the country's collective memory to |
0:54.7 | recall his seminal role in creating the country's most despised and vilified government agency, |
1:00.5 | the Internal Revenue Service. |
1:04.2 | It was 1861. Lincoln was in a financial bind. Also, he was an award. To raise money to fight the Confederacy, |
1:12.8 | Lincoln pushed for and won passage of an income tax. A year or so later, perhaps because citizens |
1:18.9 | weren't exactly leaping at the opportunity to pay up, Lincoln established the IRS to collect what |
1:24.5 | was owed. Here's how it worked. People with incomes of less than $600 paid nothing. |
1:30.8 | People who made more than $800 but less than $10,000 paid a 3% tax. |
1:36.2 | Those with incomes above $10,000 paid a 5% tax. |
1:40.3 | Luxury taxes were also imposed on tobacco, whiskey, cattle stock, and other material and consumption |
1:46.1 | desires of the wealthy. Proposed taxes on watches, pianos, dogs, yes, dogs, never went anywhere. |
1:54.5 | Ultimately, Lincoln's tax was struck down by the Supreme Court in 1895. But historians say his |
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