Today is the deadline to file your income taxes in the United States unless you've filed for an extension. The Internal Revenue Service will collect financial information from millions of people living in the United States resulting in refunds or additional tax bills. With that in mind, lets examine how this day came to be in American life.
1862 - President Lincoln signed into law a revenue-raising measure to help pay for Civil War expenses. The measure created a Commissioner of Internal Revenue and the nation's first income tax. It levied a 3 percent tax on incomes between $600 and $10,000 and a 5 percent tax on incomes of more than $10,000.
Tax day falls on April 17, 2018. That's the deadline for filing taxes on income earned in 2017. Tax day is usually April 15 unless that day falls on a weekend or holiday. In 2018, it falls on a Sunday. On Monday, the District of Columbia celebrates Emancipation Day.
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